The herald., 1895-08-30
A. Hamburger & Sons

come from the stockholders. Mr.. Giffen
also stated that the committee had con
suited legal talent and received the infor-
nation that they had a good case and
could carry the matter into the courts
and compel Mr.. Hall to give deeds on the
payment of certain sums by those who
were in arrears.
Mr.. Cook then stated that Mr.. Hall
woud settle with the people if they would
only get together as unit and pay him
his original contract price with Elliott,
which was about S24, 600, including inter-
est.
General Pierce addressed the meeting at
considerable length, in which he advo-
Gated a peaceabe proceeding. for the rea-
son that they were entirely at the mercy
of Mr.. Hall, who could foreclose il he so
desired and cause them to lose all of the
money that had been paid to Elliott. He
reviewed the situation IN detail, and ex-
planned why. in his opinion, as II lawyer
the stockholders had absolutely no case.
1t was he VINO suggested the plan that
was finally adopted.
General Pierce stated that he had had
an interview with Mr.. Hall in which the
latter had offered to practically carry out
his agreement with Elliott.
There seemed to be some doubt in the
mind of Mr.. Allen as to whether Mr.. Hall
would fulfill an agreement. and the obdu-
rate member of the committee pointedly
aSkcu tUe speaker II no anu MI OOOk
would pledge themselves to get Mr.. Hall
to give such an agreement in writing.
General Pierce said that he was perfectly
satisfied that such could be done, but the
otner gentleman refused positively to
promise. Then Mr.. Allen said that such
an agree from Hall was what they
were after, and if he would not give it
why then it did not look as though he
was acting In good faith.
Then the troubled waves OF dissention
broke forth and from the quantity of oil
that General Pierce poured on the trou
bled waters before quiet was restored, it
seemed as though he must control the
entire output of the hundred or more oil
wells in this city.
In conclusion General Pierce suggested
that all OF the various stockholders who
would number in the neighborhood OF ole
hundred, agree to su bscribe 500 each.
| This was one-quarter of the sum Elliott
owed Hall. and he felt positive that Hall
| would agree TO give them several years
more in which to pay the balance. Hall
! also stated that he would not deal with
! stockholders until they had gotten Elliott
! to assign his contract to them. In order
| to do this it would be necessary to adver-
tse summons, which would have to be
! published for two months, and then Eli
lott had thirty days more in which to re-
| ply. BY this they would b5 enabled to
| get the contract from Elliott and have at
least ninety days in which to raise the
| first payment.
Mr.. lie Count moved that the report of
the committee be accepted, and the
! present memb bers continue to act.
| General Pierce amended this Dy moving
that they be dismissed. The original
| motion prevailed.
Some lady then moved that General
| Pierce be appointed to serve IN addition
to those already appointed, and this was
also carried. General Pierce moved that
MIR. Cook be auded, and this too was
| passed.
Then the big row came. Mr.. Cook got
up and said that lie would not serve on
the committee. He had been in business
for thirty years and his business integ-
rity had never been questioned before,
but the people there had doubted it ard
had set upon him as though he was d
| scoundrel and he refused to serve. They
had passed HIM by as though they knew
| more OF the matter than he did. and il
they wanted to turn him down as they
mad done why it was very good. He
could como to q satisfactory agreement
with Hall regarding the few lots he rep.
resented. Mr.. Ponet and Mr.. Allen had
| not acted properly toward him.
General Pierce was on his feet in an in
slant and the way he gushed forth oil tt
soothe the injured feelings of Mr.. Cool