The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-07-17
STOCKHOLDERS MEETING
A Business Session Of Rare Excellence
Pledges for the Sale Of Ninety Shares
Of Stock-A Promising Outlook.

The first thing Of interest this morn
ing was the meeting of directors in the
C. L. s. G. tent. About Is were present.
DIR. Shanafelt was chosen chairman and
N. Tawelle secretary. The object Of the
meeting was to discuss ways and means
of providing for the Indebtedness of the
association which now amounts to about
$4,000 over available assets. Plans pro
and con were discussed as to the best
method OF raising this, but the general
conclusion was that stock must be sold,
and this idea finally took determination
In q movement looking to the sale Of the
present unsold 80 shares of stock. The
meeting became quite enthusiastic and il
was suggested by Major Pickler that
IL the outside stockholders should guar
antee the settling OF so shares OF stock
the Madison stockholders should guar
antee the sale OF the other 40 and thus
wipe out the entire indebtedness of the
association
President Williamson accepted the
proposition and action was taken pro.
viding for q canvass of the stockholders
who would enter into O contract to sell a
share OF stock each at $50 within 60
days or at the end of that time loan the
association 500 for two years at 8 per
cent. Instead of the latter alternative
the stockholder a buy the lot himself
for a friend and pay it In the regulation
s25 cash and balance notes, or il he gives
his note for the 800 and sells q share
it will be applied on his note until paid.
La any event his credit or cash now is
only q loan to be paid back.
The secretary, Mr.. Fawelle, thought II
would be a difficult matter to sell stock
now after the scurillous attack made by
"The Chautauqua" organ upon the
financial condition OF the association.
President WILLIAMSBURG statement that
be would sell one half the shares, As, in
Lake county brought forth applause and
a call Of the outsiders resulted in Is Of
them,there and then, pledging them
selves to enter into the contract pro,
posed. When the callof the local stock.
holders was made Is Of these took the
pledge and thus 30, one-third OF the en-.
tire amount, was pledged ION the spot
Committees for each section were ap.
pointed to solicit more pledoers or sell
stock, and ordered to report at $50 to
morrow. The first COMMITTEES consists
of DR.. Parks, T. ]. Shanafelt, D. p
Ward, Elder Jordan, Mr.. Bolles and
Prof. Kratz. The homo committee
Messrs. J. 81. Williamson, G. B. Kennedy
e. w. Ketchum, Geo. r. Tuttle and
Miss Hattie Whalen.
The prospect looks bright for wipinf
out the entire indebtedness Of the ssso
citation and putting things on % promis
ing basis for the future.
Wanted, a buyer for 240 acres Of inn
proved land four miles east OF Madison
house, two miles from Chantauqu,
grounds, one-half mile from school. Fo
particulars inquire Of N. A. Fox.
For iaundice and liver complain
Ayers Pills are better than any othel
They do not contain q particle Of calomel
.Be sure you get Ayers is an impor
tant caution to all in search Of thor
oughly-reliable blood-purifer, Aver
Sarsaparilla being the one on whic
there can be no manner Of doubt. II ha
stood the test OF nearly half a centur,
and has long been considered the stane
ard.