Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1897-02-08
GOULD IS DEFEATED.
Old Officers of the Company Carry
Things with a High
Hand.

Chicago, ILL.,, Feb. 3.--The annual
meeting of the stockholders of the Dia-
mond Match company was held today in
the Pullman building and resulted i'll the
election Of the old board of directors,
after one of the stormiest and most eX-
citing sessions in the history OF the COM
pany, replete as it has been with inter-
esting situations.
Mismanagement and charges of even
a criminal nature were preferred by the
Gould interests. Those interests were,
however, 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
mated Attorney Edwin Walker as chair
man, and amid the protests of M. Y. Nc
Carly one of Edwin Gould's attorneys,
he was declared elected. The nominal
ton and election of secretary was made
amid similar protests.
It was the evident intention of those in
charge to override all opposition. Presi-
dent Barber read his report, in which
he said: ct is unfortunate that the
Diamond Match company has for so long
a time been a public institution so far
as it's workings and operations are con-
cerned. Its earnings are known to the
world and excite competition of not only
capital, but the inventive and working
energy of the world. With the
many acknowledged disadvantages we
feel confident that the company is in
promising condition. There has been no
time in the history of the company when
it's physical condition has been in such
perfect order. Notwithstanding this fact,
the efforts of your management should
and doubtless will be continued to fur
Their perfect it's machinery and methods.
Notwithstanding the mishaps in the last
year it has been able to pay it's usual 10
per cent. cash dividend and will continue
to do SO from earnings
The statement was as follows:
Assetsm$12, AGO. 46; cash, $152392; total,
counts payable, $3OS, 1856; bills payable,
$50, 552, 1888.
Surplus account-Balance. January 1. 1896,
1907 ,040; loss on Ontonagon fire, $134, 1913;
earnings for 1896, 81 ,226, Al; less dividends
paid 1896, 81, 100000; balance December 81,
1896, 1898, 1852.
In the roster of assets, $79S, 567 was put
down against the Moores.
At the conclusion of the address, Mr..
Baird moved that it be accepted and APP
proved, but Mr.. Mccarthy, after several
futile attempts succeeded in obtaining
recognition and demanded to know W hat
the figures in the assets, civilian III.
and J. III. Moore, $79S. 767.17," meant.
President Barber refused to answer and
the question was finally answered by
Chairman Walker, who said that it
represented Indebtedness to the company
by w. II. and J. III. Moore.
Mr.. Mccarthy then wanted to know
whether the Moores had not written to
President Barber to obtain the funds of
the Diamond Match company to be used
as margins for speculation in the stock,
and proceeded to give dates and figures,
but was peremptorily shut off by the
chairman.
Then Mr.. McCarty said: II want to
know whether the reason President Bar
Der declines to answer my inquiry is be-
cause he fears to incriminate himselfw
The meeting was in an uproNr in an
instant. and amid cries of ''order," Presi-
dent Barber replied:
''Your question is not only improper,
but you yourself are impertinent'
President Barber then stated that the
books of the company were open to the
inspection of the stockholders
Attorney w. B. Reyes then took the
lead for the opposition, but met with
no better success, and the motion to APP
prove the presidents report was finally
declared carried.
The following were then elected di-
rectors for the ensuing year: O. G. Bar
Der, j. *. Robinson, George L. Smith,
George III. Webster and Clarence e.
Buckingham.