New-York tribune., 1894-10-25
HIGHEST of all in Leavening Power.-L
TYPE FOUNDERS IN 4 TRIANGLE.
CHARGES OF MIsMANAGEMENT IN THE AfF"i''
OF THE TYPE TRUsT-CHANGES IN The
R0AHn OF DIRECTORS.

cr,pcrs or ursMANAGEMENT IN THE AFFAIRS
OF THE TYPE TRusT-cHANGEs IN THE
BOARD OF DIRECTORS.
The annual meeting of the stockholders OF 'ne
American Type Founders Company was he''
Yesterday in the OF the Board oi i'""e'
in Newark the company being Ne"-Jerses 'o'
,cration The meeting was a lively one. ABOUT
sixty persons present. DeIng S'och"oi"e''
or holIers Of proxies. There are two factions
o,o of which charged mlsmanagement ana wahteu
now deal In the directorate. John Gill; OF ba''-
marc was made chairman of the meetHs anu
w T. MacKellar. Of Philadelphia, was Secre'diI p
New-York Philadelphia. Baltimore Boston '"'
cago and ST. Louis were represented. lhree "'n'
for directors were then read. The first contained
tho names of Conrad y. Jordan. OF New iorN'
ro1n Giu baltimore, Robert VI. Janney and Monroe
Smith Philadelphia This was the opposition TICKET
The second named Robert Allison, Johh Marue',
William r. MacKellar and John GILL ana 'he tl''"
named Robert Janncy In place OF "liiiam d. Ma
Kellar The officers ticket was champloned py 'on'
T. Searles Of New-York. Mr. Allison oe'"s .,'o
president Mr. MacKellar the vice-president ana MI
Narler the secretary treasurer
Mr. Jordan explained why an opposition uchs'
had beon offered He said that the men on the
ticket would conduct the affairs OF the con'p'"'
In the line Of economy. thrift and DIVIDENDS
After the stockholders had taken luncheon Ni
Jordan announced that the name OF John Oil had
name of william H. MacKellar substituted. MI
Jordan said he had learned that Mr.. Gil had
changed front. and would vot" as director !"
elected to retain the present president ana secTe
treasurer in tho board, although he would op-
ros. their continuance officers. Il have no hesi-
tation." said Mr. Jordan "in saying that Mr. Mar
der is tho chief offender and can favor no man
who votes 10 keep him in the directory This
was h. said. the last chance the STOCKHOLDERS
would have to sit i'm judgment on the men VINO had
rnlsrnauagol the company. stockholder named
IIartshornr. from Philadelphia. asked why the Of
nrrrs had paid SioroN0 In buying out the lhorne
Typcscttlng Machine Company that mad usei only
lu1Vu pounds Of type since the sale Mr.. Searles
said In reply that he had had an expert examine
the books. and h" found that the Thorne company
had paid sg.10D IN commissions IN cight months,
and had been the means Of selling 10000 pounds
Of tvpe That he considered excellent showing.
Charles -. Hart Bromer said that the company
had been reduced from a condition OF no inieOtei-
ness 10 a state I'm which II owes haif a million dol
lars. ana within the last year the common stock
hal fallen from 30 20 3l..
The d0Ors were closed against outsiders AT thls
point and II was understood that ngures were sub
miti"d Before the halloting began Nr. Marier re-
trrl. ana the administration party placed the name
only two places in contention. The polls closed at
| 9 p. m. -,
The counting = the votes was not concluded until
after 10 O'Clock. Nr Jordan. who presided. then de-
clared that Mcssrs. Janney. ckel!ar. Gil and
Smith elected FOR three years. Tho result - n
complete overthrow for the official ticket The
ucxt annual snee;.ng VIII be he'd in jersey CITY