Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1895-12-31
WANT A RECEIVER,
Twin-City Ice Company Stock
holders Dissatisfied.
wARR1He AGAINST THE PRESIDENT

An Attempt Being Made to Remove G. E.
Lambert ON the Grounds Of Alleged I'm
profitable Msnagemeut-An Animated
MeetinE-Former Officers Resign.
There is q war on between George
E. Lam bert and the several remain
ing stockholders OF the Twin-City
Ice company. The reaction is the
result OF dissatisfaction among the
different stockholders of the man
agement of the enterprise at the
hands Of Mr.. Lambert, who they are
DESTROYS of removing from this re-
sponsible Office. AS Mr.. Lambert
holds the majority Of stock this
would seem difficult task, bat the
war continues until now the dissat-
isfied have proceeded legally to have
a receiver appointed to take charge
Of the Ice company's affairs.
Yesterday afternoon the stockhold-
ers held an animated meeting at
which these officers were chosen:
President-J. L. Kenworthy.
Vice President-F. d. Paul.
Secretary-C. A. B akesley.
Treasurer snd General Manager
G. E. Lambert.
Executive Committee-F. u. Paul,
c. A. Blakesley, William Stolz.
Old OHicers Resign.
Yesterdays election was necessary
in consequence of the resignation of
all the officers excepting Mr.. Lam.
bert and MIR. Stolz selected al
the annual meeting. The stock.
holders have come together sew.
eral times, but dissention pre-
vailed from the opening till the
close and consequently nothing def.
mite was ever accomplished, the off
GERS finally resigning. At the an.
nual meeting Mr.. Lambert, who re
sides in Rock Island. was chosen
president and manager, in which
capacities he has served the compan,
the past two years. The company,
capital stock is $50,UO0 and Mr.,
Lambert retains 254 shares or the
controlling interest, the other stock
holders having 246 shares. Wher
shortly after the annual meeting tn,
minority stockholders concluded tina
the company's affairs were not be
ing satisfactorily managed they mad
a proposition to Mr.. Lambert tt
either dispose OF his interests or pur
chase theirs. But he gave reasons
for not giving the proposition con
sideration, claiming that he was no
SO situated financially as to buy on
al! the stockholders interests ant
was content with the income from
the investment. So Mr.. Lambert yes
terday chose new officers. Non,
of them except Mr.. Stolz are inter
ested in the company, but as MIR
Lambert has the controlling stock b,
claims to have the controlling voice
and accordingly placed affairs in the
hands of those who suited him per
sonally. The meeting was also at
tended by the dissatisfied stockhold
ers who after a consultation witt
their attorneys. S. w. Oiell and j
b. Oakleaf, concluded to make ap
plication for the appointment of s
receiver for the com pany. MIR. Lam.
bert has retained j. T. Kenwcrthy al
counsel.
| Says 1t Means Bankruptcy
| Henry Ehrhorn, of Rock Island
one Of the Twin-City Ice company.
stockholders. said today that to con.
tipue business under the manage
ment of MIR. Lambert would mea,
the inevitable bankruptcy of the en-
terprise. ave have determined OF
the appointment of q receiver" con.
tinued MIR. Ehrhorn, ..only as ,
means of protecting ourselves. Mr.
Lambert don't know how to run the
business profitably; that's all there
is to it,"
Mr.. Lambert said he was not wor
ried about the proposed course of hi:
fellow stockholders. 81 don't see
how they are going to show cause
for the appointment of a receiver
said Mr.. Lambert. The company
has been doing a good profitable bus
mess and if l am satisfied with m,
interests they should be with theirs
But so many different minds cam,
think alike. But let them 60 ahead
They will discover their mistak,