The herald., 1894-11-07

ficstions, as we'll a. quantities. and the
price obtained for each subdivision.
B. A fixed price shall be eetaplish he'd
from time to time, by the board OF di-
rectors of said corporation, for wine OF
ordinary standard. For fine wines, the
owners thereof shall receive, in addition
to the fixed price. q further sum or
amount equivalent to the difference be-
tween the price established for ordinary
wines and the price received for said
fine wines.
6. The net proceeds OF nine tenths OF
said monthly Gales shall be divided
among the members of said corporation
who have contributed the same to said
corporation in proportion to the amount
OF wines or brandies OF each grade and
quality transferred for each member to
tho said corporation, the price thus be-
ing the average price received during
the month for each grade and quality.
The remaining one-tenth shall consti :
tue tho amount actually sold to and
paid for by said corporation, as per
clause Ill OF this indenture, and shall be
used by ths said corporation for the pur-
poses and uses herein referred to.
z. The said corporation, when organ-
lied, is intended to be q means by which
CO operation between the members
ther0f can be secured in the sale and
disposition OF the products OF the grape !;
and to that end and to secure that pur-
pose the said corporation may make
such advances to its members from time
to time upon their production as may
be required and as may be reasonable
with reference to the value thereof; but
in no case shall che said corporation
make advances to the members thereof.
except on securities actually transferred
and delivered to said corporation.
8 The officers of said corporation
ghall be president, vice. president, q
secretary and q treasurer, who shall re-
ceive such ealary for their services as
may be fixed by the board OF directors.
8. The board OF directors OF said cor
poration shall appoint q manager and
such other employees as may be neces-
sary for the proper transaction OF the
business of the corporation at salary to
be fixed by said corporation.
10. Certificates OF stock of the said
corporation shall be delivered to ths
purchasers thereof only on the actual
payment OF the same or tho delivery OF
the wine to the corporation.
This agreement shall not take effect
or be binding upon the parties hereto
until signed by such number OF persons
or firms as to represent at least 6, S,00O, 900
gallons of wine.
The prime movers in the new corpora
tion expect to have all the wine. makers
of the state join with them. and az they
constitute about so per cent of the whole
NUMBER of wine-makers this will prob
ably be easily accomplished. No wine-
dealer, though he be wine producer,
can join the corporation. The Cali.
fornia Vino association Is composed of
seven of the principal firms dealing in
California wines-Arpad Haraszthv &
Co., Kohler d Frohling. G. Carny & Co.,
S. Lachman & Co., Kohler & Van Ber-
gen. the Nspa Valley Wine Co., and B.
Dreyfuss & Co. Some of these are wine
producers and their interests are similar
to those of the memb bers OF the California
Winemakers' corporation.
The membsrs OF the new corporation
will make an active canvass of the state
to get all the wine-mekers to join with
them, and even the grape>producers
may be allowed 60 join the organization
in tins. For the next week or go the
promoters of the projec. will give their
time to preparing bylaws and the de.
tails necessary for the corporations.
Notices have been sent out for an inn
portant meeting of all OF the wine-
makers in California. This will be held
at the rooms of tho local board OF trade
at 202 Market street CT 1880 am. on
Monday, November 18th. Com mittees
have been appointed to canvass all ths
wine-producing counties, with the OBJ
ject of securing the attendance and co..
operation of wine.producers. These
committees are as follows: Santa Clara
county, Prosper Estrada, W. b. Ran
kin. William Wehner, Peter Ball;
Santa Cruz, w. H. Galbraish; Napa,
r. V. Lemme. j. II. Wheeler, S. Ever;
Sonoma, B. w. Paxton. P. @. Rossi. G.
Shaw; Alameda. ]. p. Smith, Crellin
brothers. j. L. Beard; Contra Costa. R.
G. Terry. B. H. Upham; San Joaquin
and Fresno, Francis L. Eisner, L. P.
Drexler, Herman Eggers; Los Angeles,
J. L. Crank.