The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-04
DIAMOND MATCH COMPANY
Old Directors Reelected Amid Scenes OF
Great Excitemeur.

Old Directors Re-Elected Amid scenes o
Great Excitement.
Chicago, Feb 3.-The annual meeting
of the stockholders of the Diamond
Match company was held in the Pullman
building today and resulted in the cleo
ton OF the old board OF directors, aftel
one Of the s:orniest and most exciting
sessions in the history Of me company
replete as it is with interesting situation:
Management and charges of even erin
inal nature were preferred by the Gould
| interests. Those interests, however
were in hopeless minority. as was
soon shown, and their fighting, though
| vigorous and persistent, was TO no pur-
| pose
The meeting was called to order by
| President Barber The first war OF
words started with the election of the
chairman of the meeting. President Bar
| Der recognized Mr. Baird, VINO nominal
| ed Attorney Edwin Walker as chairman,
and amid the protests OF Z. V McCar-
| thy. one of the George Gould attorneys,
| ne was declared elected. The nomina-
ton and election of secretary was amid
similar protests.
Il was the evident intention OF those
in charge to override all opposition.
President Barber read his report, in
which ne said:
1T is unfortunate that the Diamond
Match company has for so long time
been a public institution so far as its
workings and operations are concerned.
It's earnings are known TO the world
and excite competition of not only capt.
tai but the inventive and working ener-
gy of the world. With many acknowl-
edged advantages we feel confident that
the company is in a promising condition
There has been no time in the history
of the company when its physical con-
dition has been in such perfect order.
No: withstarding this fact, the efforts
of your management should, and doubt
less viii, be continued 10 further perfect
its machinery and methods. Notwltn-
standing the mishaps in the last year
il has been able to pay its usual 10 per
cent cash dividends and will continue
TO do so from earnings.
The statement was as follows:
Assets, s12400, BAG: cash, $152,3e2; to-
tai. SO, 552, 1913. Liabilities: Capital
stock, 81, O00, 900; accounts payable, S3OS,
$50; bills payable, $685. 900; surplus and
profits, sS99,352. Total, S12,552,73S. Sur
plus account: Balance January 1l696,
1907 GAO; less Notnogan fire loss, S134.-
12S: earnings for 1896. s1.226,44l; less div
idends paid 1886. s1.10O,0O0; balance De-
cember 81, 1896, 1895, 352.
In the roster of assets S79S, 767 was put
down against the Moores.
At the conclusion of the address Mr..
Baird moved that ii be accepted and
approved, but Mr.. MrCarty, after sever
al futile attempts succeeded in obtaining
recognition and demanded TO know what
the figures in the assets William II.
and J. H. Moore s79S,7 67.17' meant.
President Barber refused 10 answer and
the question was finally answered by
Chairman Walker, VINO said that 1t rep
resented indebtedness to the comnay by
A w. II. ana ]. ii. Moore.
J. II. -McCsrty then wanted to know
whether the Noores had not written TO
President Barber to obtain the funds OF
he Diamond Match company 10 be used
as margins for speculation in the stock,
and proceeded to give dates and figures
hut was per7mptorily shut off by the
chairman Then Mr.. McCarty said: Il
want to know whether the reason Pres
ident Barber declines 10 answer by IN
curry is because he fears TO incriminate
himself?"
The meeting was in an uproar in an
instant ard amid cries Of order" Presi- |
dent Barber replied: Your question is
not only improper, but you, yourself, i'm
pertinent"
President Barber then stated that he
books of the company we're open TO he
inspection Of the stockholders.
W. 3. Keyes then took the lead for the
opposition, but met with no better sue
cess and he motion to approve the presi- |
dents report was declared carried.
The following were then elected direc- |
tors for the ensuing year: Q. c. Barber, |
J. Robinson, George IT. Smith, George |
II. Webster and Clarence Buckingham. |
TO CURE COLD IN ONE DAY
Take Laxative Bromo Quinine Tablets. |