The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-08
E. {. 7. C.STOCK QUOTATIONS
ON TAP HERE NIL THE CON-
OERN,S DIRECTORS MEET.

Curbatone Brokers Excitcd During the Confer
ence in the Mills Building or the Charter
lees Company's Promoters - New Jorsey
Taxes Declared Settled. but They Arc Not.
Half a dozen mon supposed to be directors Of
the Electro Pneumatic Transit Company, whose
charter stands annullod on the official records
of tho State of New Jersey, were locked In con.
ference for an hour yesterday In the office OF
John Pondir in the Mills building. While tho
conference was in progress, and for some time
after 1t adjourned, an excited knot Of curb
stone spectators thronged tho sidewalk in
front OF the building. Thoy were busy with
the quotations for Electro-P Pneumatic shares
as they were carried to tho spot, ripe and hot
from tho Philadelphia Stock Exchange. A
member OF the Governing Committee of the
Philadelphia Exchange was an amused spec
tator from the ffth-story window Of a building
across the way. ''In that little group" he said,
land tho floor OF tho Philadelphia Stock Ex-
change are the only places on earth l know Of
whore a quotation can be had on Electro Pnou-
matte Transit"
The conference up stairs. Us far as could
BIO learned, embraced John Pondir, A. d.
Lamborton, who shares the office with him;
Jamos NJ. Townsend Of New Haven. Conn.,,
who three years ago made n statement In tho
Lafayette Hotel, Philadelphia, that ho had
bought his stock from pondir at SO a share;
Theodore Seligman. a lawyer on the eighth
floor of the Mills building; William J. Berg,
a stock broker in the Manhattan Life build.
ing; William Allen Smith, q stock broker. and
William w. Allen, an insurance agent OF 314
Walnut street, Philadelphia, who is known as
the President of tho Electro Pneumatic Transit
Company. The others are said to be directors.
In tho Manhattan Life building. said that moth
ing OF Importance was done at the meeting. He
SAID there were some vacancies caused by resiR.
nations TO be filled In the board. but he could
Mr.. Berg was asked whether any stops were
taken at the meeting to pay the taxes In arrears
to tho State OF New Jersey, amounting, with
oh. that has ali boon settled" said Mr..
Berg; That matter was settled up last week."
Then the company's charter is still in forcei'
On the basement floor the knot of curbstone
spcculators were surSing TO and fro. A. Il.
lamberton stood at the newell post at the foot
81, the halustrade busily jotting down figures.
They were quotations.
"HisSF h fro g0n , Sst ' FSlia tFePh, h' Stock Tos e'f fa:
change said Mr.. Lamberton.
is tlAs an annex OF the Philadelphia Ex-
tho Well :SpsD w bssrS We are Wb pT0'P %s sr. We S2o Ss,l this 1hi,
Electro. Pneumatic closed in Philadelphia to-
night at lte bid. offered at ~
Have you fixed up the New Jersey taxes
That's all settled" said Mr., Lambcrton,
functions Ti5e iSrsns Of fo Ghairmsn e Of . he a iopan SSsr shS
NN
That was all made satisfactory to the State
OF New Jersey last week.
In the office OF the Secretary Of State In Tren-
ton yesterday n Sun reporter took another
glimpse at the book which contained the entry
alongside the Electro Pneumatic Company's
charter, Void. May 4, 1897" 1t has not been
revived, and according to a high legal authority
OF the State. cannot be revived excep. by tho
discretionary act OF the Governor. The Comp
troller ot the State has received no remittance
on account OF the back taxes OF this company,
nor any notification relative to an intention TO
pay them. The Attorney-Gencral's office Is
the subject.
The legal officers Of the State only know that
tho charter has been Rnnulled and that the
period OF ninety days allowed for its revival by
the payment OF arrears, with interest and costs.
expired Aug. IL. Tho Governor Of New Jer-
soy has power to restore a charter. under tho
peculiar corporation laws of the State, but that
power is an executive function exercised In the
same manner rs reprieving a criminal. upon
duo REPRESENTATION that injustice has been done
and that the failure to paw taxes was an mad
v%ertence. With the exception OF the year 1890
the Electro Pneumatic Company has paid no
taxes to the State OF New Jersey since 1887.
Just what was on foot when the recent &C.
ttvity began in E!ectro-P~ Pneumatic shares in
Philadelphia, coincident with the rapid manu-.
~facture o. tubes for tho Government contract
In New York by another company. Ia hard to
say.