The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-01-04
THE CALLUSTRO.
Annual Election of the
Company's Officers.
The Property to Be Purchased by an
Eastern Syndicate if 100000
Be Raised.

"Callustro must be kept flying. the world
must be blessed by it, and we must show ii and
men that W. women are capable OF running
great enterprise"
Those were the eloquent words of Mrs. Cara
FoltZ, attorney for The Callustro Stock Com
pany, at the annual meeting OF the stockholders
held Tuesday afternoon in Pythian Hall, Oil
Market street.
Callustro is a name not unfamiliar to the
public from the ups and downs associated with
it during the past few years According to
those interested callustro is an almost miracu-
lOus agent placed in the hands of some 400
women OF Oakland and san Fra ncisco TO be used
in tightening the cares and laboTs of millions Of
their fellow women.
The company has not been financially for.
tunate. All was well, the ladies say, until
about TWO years ago they were tnVelgled into leu
ting men into the concern They ran the COM
pany into debt by purchasing 200 acres of land
adjoining the original seven y-tive acres. This
purchase and miSmanagement, IL is alleged,
brought the liabilities above the resources IN
that year, as well as in he succeeding ones.
How Mrs. EeiS got control of majority OF the
stock and turned all the men out Is a we'll
known story. But for long time he secre-
tary. a. ii. Fish, was with them. A few months
ago the board OF directors decided that he
also should go. He went, but he took the
books Of the corporation With him, in consid-
GRAFTON, he says, OF 500 due him as salary.
Consequently Charles Ii. Lombard, the present
very accurate TepoTI. His accounts showed,
however, that the liabilities OF the company
were $50, 1928 16. while the resources were
S26,26 81, leaving deficit of S6569 IS. The
president Mrs. EelS, explained that this deficit
was caused by quoting he value OF The 300
acres al $4,000, when II was worth $4,000.
The principal feature of the meeting was the
announcement that the board of directors had
raised by personal pledge $500 to send
promoter East 10 sell their property to an East
oTn syndicate for an enormous sum-a sum, as
the speaker stated. "that would give each
stakeholder her investment with premium of
two or three dollars per share-and what more
do you Want?"
This promoter, Jesse 2. Hopkins, was ap-
pointed three months ago. He went East and
interested syndicate, the members Of whom
reside in Canada, Buffalo and Boston, with an
Office IN New York ] he capital OF the com
pany was placed at a million dollars, S167 900
OF which had already been subscribed. When
this amount reaches 100000 the calustro
property Will be turned over 10 the syndicate.
In The meantime their examiner will make
TRIP 10 California 10 investigate.
Calustro was not shown TO the world at the
Chicago Exposition for lack of funds. Mrs
Foltz made a touching appeal that it should
be represented at the MidwinteT Fair. This
called out promises OF $50 OF The $3.50 neces-
sary for the exhibit.
The ladies decided to exhibit anyhow and
before adiOurning aid the business for which
the meeting was called, viz: the election of
officers. They are Mrs. f. Z. Eels, president;
Mrs. n. G. whitney, vice-presdent; Mrs. Car
ring on, secretary, and Mrs. n. l.. Mayer. Mrs.
NJ. h. Brakeman, Mrs. Ed Hackett and Mrs. G.
Z. Hamilton, directors.