Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-02-03
A Novel Point in Corporation
Law Raised
WILL THE ACTION STANDS
Important Business Done in Tw'
States at Once.
EDWIN GOULD THOUGHT OF y
After Having Consulted Counsel I
Was Pronounced valid aud the
Directors Went Ahead.


proyerblally full Of rod tape aud formal
tics. but the young nnAneler Of tho uoui
family believer In running the corporation
no s connected with on tho express an
modern plan. lie Ia an expert telegraphsi
and Mrs. Edwln Gould also handles kc
we'll, Mr. Gould uss private wire I
acnd messagoa much o. other men write q
dictate lettrm, lie also User tho lelephon
In a almilarly free and easy faAhlon. In ri
rosIdcnco at Dobba Ferry hla study. paric
and bed room arc provided with telephone.
and In the oinces OF the companies he IL cor
nected with telephone wirea IA we'll as tell
graph wlroa. and 90 from his house 3
office IN tho Western Union Building he ca
direct his many huslnoaa affains with rapidit
and oaAc.
lliA freedom with the telephone wires le
to an exploit a few dAya ago, which Dos
aibly stands alone aud will probably rails
a knotty legal point Mr. dould'a counee
Mr. Warren II. Hutchinson, In ths patfloula
corporation lnflAls that the meeting wa
legal, but admits that othem may take
different view OF tho matter. However. h
the uso OF a long distance telephone and
private system N modern exchange tels
phones Mr. Edwin Gould held corporate
meeting Of the Continental Match Compan,
with thlrty-elght mlledo wire separating hlI
as president from tho other officers aud d
rcctom Of the company,
Thu Continental Match Company'a fac
tory IL situated at passaiu. N, J. It is lneor
pora,od under the laws Of that State. IN
capital stock " tho company was lately III
creased. and II was found necessary to hoi
meeting To sottle some tormalltles &C
corlng To the charter aud rules Of the com
pany which provide that The meetings mus
take place In tho offices OF the company.
cali to tho directors was therefor
issued by Lieutenant Colonel Wallace a
Downs tho secretary ana treasurer OF N
company TO meet at o'clock Z. NJ at III
factory In Pamalc. Mr. w. r. Hutchinson
tho yleo-prealdeut. aud Mr.. Jared O, Bald
win lr.. Warren n. Hutchinson, barclay I
" Mccarthy and Alfred BALDWIN, Director
were on hand promptly at the appolnte
lime
Mr. Harry schraly. bruihcrlu-law q
MIR Gould, who ia IN tho employ Of "a
match COMPANY. waited at tho Erie Dope
for tho punE president to arrive from Mo-
York The lnt traiu IN time for the meet
Ink came without him ana Mr., sohrady .
reported az the match factory, The meet
INK was about 20 be abandoned when N
secretary thought Of calling up Mr.. Gould
nilico IN tho Western Union building b
telephone and ascertalnlng whether the tnrd
president expected to reach PaHaai1 on
later train,
"Mr Gould has not been at the oGios 70
day. came back In reply but has jus
called us up from Dubbs Ferry
Colonel Downs raug on and called up NJ
met L.. saYlsf -. fala
phone. Ho got an answer Immediately fror
the proaldent aud the Information that III
young millionaire had missed the last trial
which would have taken him 10 Now Yor
10 tlmr 10 mako pnnHsle train, and sus
ReBted putting the meeting over for weoh
Find out Colonel. what day and hou
will suit the directors beat for anothe
meeting" said Mr Gould,
ono director had business ongaEomon
ono day aud could not BIO there at tho tim
which would suit another director. and >
on Finally Mir Gould grew impatient a
tho delay. aud sad over tho wlre
Colonel, ask Mr.. Warren Hutchinson
we cannot legally hold meeting by talo
phone. I can hear distinctly all the yoias
IN the ROOM
A moments thought and Mr.. ilutchlnaoi
decided II would be legal and possible be
cause OF the telephone equipment Of IN
Continental factory. Connected with u
long distance telephone In factory telc
phone with a central station and doxoi
smaller receivers and transmittera no al
ranged that oall can be switched 70 I
private dpsk or. hy moving another switch
no that one call eau DO heard by everybody
who has a receiver,
Colonel Downs spoke TO Mr. Gould a
Dohbs Ferry, and said, "Wo are all ready.
go ahead. replied the president, thlgiy
eight milos away and after central Pas
sale; central" New York, and central.
Dobba Ferry. had been notified TO hold th
wire until the company was through with !
the meeting commenced. Tho secretary'i
report was read 10 the telephone by colone
Downs, and President Gould listened IL
Dobbs Ferry. Then be asked over h'
wirn
what Ia your pleasure. gentlomsn7 2
and each In turn replied into his transmit
tor. Move Il DO accepted"
The secretary'H report ~ adopted" cam'
back Then other business was taken "
and disposed of IN the same fashion. aud
even the purchase u All additional plot
OF land aud tuo erection OF an additional
building was discussed and decided upon
over the phone"
Tie telephone meeting lasted full hour
Tho Telephone tolls for the meeting were
heavy. hut tho bill viii he audited and
nail without protest by Colonel Downs
slnre Al tho meeting It was decided TO IN.
cresso tho working capital OF the COMPANY
many thousands Of dollars.