Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-09-07
want All 10 Pay pary

There was a lively meeting oi the stock
holders Of the Itcd Seal Remedy CO. AT
Rockland. Friday afternoon. 0winf to
the fact that majority Of the stock
was ont voted. the meeting was an In
formal one. hut thai did not detract fscm
the lively nature Of the discussion
The contest hifired upon the attempt to
compel some ~ original stockholders Of
RockIand. leading men of the city, to pay
the difference between the amounts
which they paid on stock subscribed for
ana the par value Of the shares
Heman w. Chaplin of Boston, repre-
senting i66 stockholders in Maine. Massa-
chusetts and Rhode Island. who had paid
the par value of $40 share. insisted that
there was some $4,000 due from the Rock
land stockholders, and believed that bill
IN equity could be brought which would
require these payments to be made.
john 6. Burke Of Lowell, and Isaac w
Dyer OF Portland. representing r. NJ. Bill,
president and Orren r. Ranletf. treas
urer, both of Lowell, were also IN favor
OF the Rockland men being Obliged to pay
up. but these attorneys did not believe
the Rockland men were Liable for more
than limited part of the company's
debts. and they contended that u receiver
or trustee was the proper person to
press the collections
lion. Charles r. Littiefield represented
the Roekland stockholders, among them
such WeN-known men as Charles a.
Crockett, II. l.. Shepard, w. $. White,
William T. Cobb and a. ID. Bird. MIR.
Littlefield outlined the position of his eli
ents ana told the other stockholders what
he and his clients had done for the com
pany.
Some Is stockholders came from differ
ent parts OF New England, representing
altogether more than $1,000 worth of
STOCK: expecting to attend the first big
shareholders meeting. although the COM
pany has been In existence since 1893. but
| they went away without being able to do
anything but listen to the attorneys, ali
on account Of no quorum of stock.
u. W. Carlow, manager. and o. r. Ran
lett treasurer, had been hustling for
proxies, and Mr. Carlow had won out in
| thai ne came down with $1,000 worth and
was backed by the Providence share
holders, many of whom appeared in per-
son. Treasurer Ranlett had. in addition
10 MS own and those of several friends,
52t0 shares which he holds as trustee by
the act OF the Roekland men in surrcn-
dering them to HIM
When the list of shares was made up
before organizing the meeting, it was
found that only 5000 shares were repre-
scented. not enough for quorum
Treasurer Ranott refused to put in the
500 shares he held as trustee, claiming
that ne did not feed qualified 70 vote on
them. and rs he retained these remaining
shares necessary to iii ont q quorum. the
men who had travelled 80 far were I'M
able TO vote.
Most of them were satisfied with the in
formation as sufficient compensation for
their journey.
The controversy between the par value
payers and the Rockland men has prob
ably only just been started. for Mr.. Cha
pin and w. X. Pattangal attorneys for a
large percentage of them. state that a biil
In equity viii be filed in the supreme judi
cial court OF Knox county Monday
morning.
IL has been partially drawn and Edward
Z. Stevenson and Ivan #. Baer of Lowell.
| Annie u, Stone, Daniel A. Freeman, John
! Il va
Waiter c. Shute and Thomas c. Donavan
of Boston. j. l.. Dobbie OF Webster Mass
Arthur l.. Smith Walter b. Pierce. Lee
! ). Holden, William II. Gale, Jr.. of P.oyi-
denee- and Thomas Walker of Warren.
Me, are the compartments
All represented that they paid $40 n
share for the stock they purchased. and
enter complaint AGAINST Edwin Fl. Law
Augustus d. Bird Fred H. Berry. T.
Randall Andres, Charles NJ. kalloch,
Jeremiah Hooper, Edward a. Butler. Ar
thur Littlefield. Charles f. Littleneld.
William S. White. William T. Cobb. J.
Albert jameson Charles T. Spear. Car
diner l.. FAIR, Amos F. Crockett Robert
L. Crockett. Charles y. Crockett all or
Roekland; the A. +. Crockett Co. Will
liam A. Lace. executor OF the estate OF
William H. Luce, late of RoPhport. Her
bert l. Shepherd of Roekport. Atwood
LeVenSaler of ThomaSton. Thomas w
sullivan of hurricane Island, Edwin Lane
and Thomas Il. Libby of Vipalhavcn, ana
Fred Il. Richards OF Portland
Representation is made that the re-
spondents purchased shares in various
specified amounts, the highest being 525
shares by the a. T.. Crockett 60. for
which they have paid from 81 'to s. 80 a
share, and chat no more in cash or prop
crty ut fair value was received
IL Is contended that the unpaid sub
scriptions are q part of the assets of the
company. and the petitioners pray the
n has. J.