Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-03-28
OLD BOARD In AGAIN.
NEW OFFICERS OF NEwPoR1
NEWS COMPANY VOTED OUT.
HEATED SESSION or SIX HOURS
Minority Report of Credentials
Committee Adopted After q Hot
Eight-rhe Dispute to ID. settled IN
Court-Next Month.

The adjourned meeting OF the Newpor
News Land Company. held yesterday ai
the Office Of Mr.. l.. O. wendenburs. in the
Shafer Building, lasted several hours. and
was spicy and interesting Mr. wendsn.
burg is counsel, with Mr.. G. X. Pollock,
for the minority stockholders, whose suit
against the company is now pending In
the Law and Equity Court.
At the meeting Of tho stockholders. held
two weeks ago. the minority outwittsd
the majority. and succeeded In elscting an
entirely new directorate. This movement
greatly incensed the old directors, who
had held Office without opposition for sevs-
raj ytars, and at the adjourned meeting.
held yesterday. the attendance was very
large.
The session lasted from noon until near
ly 6 O'Clock, and at no time were the,
characterized by anything approaching
harmony between the rival fections. Evory
point was stubbornly contested, and the
flow of oratory was not strictly confined
within the limits prescribed by parliament
tary rules.
Mr.. Otis ~. Russell was I'm the chair,
having been elected at the first meeting.
Six hundred and twenty shares were rep
resented. A committee on credentials was
appointed by the chairman. TO consist Of
Messrs. V. +. II. Spott. l.. .. Wendenburg,
and w. i. De Saussure.
THE CREDENTIAL COMMITTEE
SPLITS.
The deliberations Of this committee were
rs inharmonious as the rest OF the meet
ing and IL was nearly three hours before
jority of the committee then reported that
there were present only 400 shares undis-
puted. and that as 1t required 60l 10 make
a quorum, no quorum was present. They
reported, further, that Mr.. De Saussure
claimed to have a proxy 10 vote whatever
stock appeared In the names OF l.. y.
Routt and william Ryan. amounting TO
220 shares, but that II was shown TO the
committee that all this stock had been
sold by Messrs.' Routt and Ryan, and that
Mr.. Routt had stated personally that he
did not own a single share. This statement
was accompanied by list OF the people 10
whom. Messrs. Routt and Ryan had sold
their stock This stock, tho committees
stated, had not been transferred on tho
books of the company, because the ola
secretary Mr.. S. 8. Elan, refused TO de-
liver the books OF the company to the new
officers The committee reported against
was no properly constituted authority
present representing the true holders OF
the stock, and that the proxy held by Mr..
De Saussure was superfluous inasmuch
as the gentlemen who had given II did
not hold the shares which they had
deputed Mr. De Saussure 10 vote.
MINORITY REPORT ADOPTED.
Mr.. DeSalssure fled a niirortfy wpocts
Claiming the right TO vote tho stock OBJ
jected 10, and this was adopted
After the adoption OF the minority re-
port by the meeting, the representatives.
OF the old directors swept everything be-
| fore them.
! Several Of Messrs. wendenburg g. Pol
locks clients were present. representing
in all $50 shares OF stock These re-
Trained from taking any part in the pro-
| ceedlngs. ard only twenty shares were
voted IN the interests OF the minority.
Messrs Lewis II. Blair. w. X. McKen-
ney, S. S. Elam and Mr.. DeSaussure as
deputy for Messrs. Routt and Ryan.
represented the majority Mr.. DeSaus-
sure moved 90 set aside the election OF
officers at the last meeting. and after
that motion had been carried he nomi-
mated the old board-namely. Messrs.
Lewis II. Blair. A. S. Buford, w, r. Nc
Kenney William Ryan. C. r. okerrall,
c. NJ Braxtou, and NJ. Murphy. These
| gentlemen were elected and authorized 10
| elect president, vice-president. secrs-
! tary, and treasurer.
| The meeting adjourned at $40
MR.. WENDENBURG TALKS.
Mr.. Wendenburg, when seen last night
and asked what action the minority
stockholders would take. said that tho
| suit would be pressed, and tho dispute
would be settled In the courts.
Since the election OF the new board on
the first day Of the annual meeting. Mr..
| Lewis III. Blair has filed the answer OF
| the company 10 the suit, Jusufying the
conduct Of the officers and directors In
buying the option from Routt and dis
tributing the 10000 profit among thom-
selves. The new Board OF Directors In
structed Messrs. Wendenburg q Pollock
20 file an answer. aud ask the Court to
reject the document filed by Mr.. Blair
as president, on the ground that his place
had been filled by another gentleman. and
he was not president os tho company
when he filed II. The matter will be de-
cided early In April. and at the same
time 1t will be decided which is the pro-
perly constituted board OF directors.