Evening star., 1898-10-05

change can be made in some of the officers,
the company will be able to resume their
per cent dividend.
interest of Directors.
"In another part of his circular he pro-
ceeds to say: I understand from the public
press and otherwise that efforts are being
made by persons who style themselves the
minority of the board to retire at the COM
ing election the entire present manage
ment and substitute one of their own. One
of these gentlemen has of record 30 shares,
another I5, another 80. another 62. another
40. another 100, and so on, while 1 myself
have of record S34 shares and in my i'm
mediate family 2t1 shares more. One Of
my associates has :11 shares, another 1!4
shares. another I'D shares. another 80
shares and so on. Which has evidently
the most at stake? Here he has selected
but a few of the holdings of the present
directors and in such way as to enhance
his own importance and minimize the in
fuence ard business standing of those who
believe that change in the presidency of
the company is imperatively demanded.
After reviewing some of the salient fea-
lures of the affairs of the company he
proceeds to remark: lust at the present
time, when the affairs of the company
have been brought by myself and my as
scciates to the present very highly credit
able state etc. 1t must occur to every
tHiHflnS man VINO D. TetluS lnlS Circular ~
ask him who these associates are of his
Of whom he thus speaks? They cannot be
the men of the so-called minority the
eight members of the board who he tells
us he is informed are seeking to get rid
of him.
"On the last page of his circular he holds
the following language: Just a the pres
ent time when the affairs of the company
have been brought by myself and asso-
ciates to the present very highly credit
able state. and when the economy and in
Huehce or the new plant are about to be
felt, and at a time when. of all others. we
should have right to expect your con-
tlnneC confidence, | understand from the
public press and otherwise that efforts are
being made by persons who style them
selves the minority" of the board. to re-
tire at the coming election the entire pres
eht management and substitute one of
their own
What is Desired.
"It is scarcely worth while to answer
this. as the eight gentlemen who signed
the circular letter of September 2G can
hardly be styled the minority. and they
do not desire to retire the present direct
ors, but only to make a change In the
presidency, which they believe will be
highly promotive of the prosperity of this
company. The so-called minority are not
responsible for any matter that may have
appeared in the daily press. except that OF
after the publication of his circular letter.
asked you to withhold your opinion for
short period. His statement of the record
as to the holdings of shares represented by
some of the directors is misleading. He
has neglected to put in some of the larg-
est shareholders In the directory whom he
classes minority. and asks the ques-
ton, Which has evidently the most at
stake? In reply to this 1t is sufficient 20
say that the eight gentlemen who signed
ia Of of regarded
themselves as having been elected to rep
resent all the stockholders and guard the
interests of all without regard to the in
dividuaI holdings of any stockholder.
''The directory of the United States Elec
trio Lighting Company consists as follows:
A. A. Thomas. Stilson Hutchins. Seymour
w. Tullock, George w. Gray, Thomas o.
Hills. James L. Norris. W. H. Slater Sam
uel J. Butterfield. John Cammack, Charles
c. Duncanson, Clarence F. Norment, Chas.
Werner and George w. Pearson.
Mr.. Hills has been i'll and unable to at
tend any meetings or business of the COM
pSny for the past five or six months.
When Mr.. Thomas uses the phrase his
associates and majority he has special
reference to the first three names, as ap
pear above, and the last eight names
what he styles the minority or the Op-
position as making noise out of all pro-
portion to its size. A large number of the
stockholders in sympathy with the under
signed have already caused to be delivered
to us their proxies for use al the apDroa CHI
ing annual election. and they will be used
to elect the eight gentlemen who address
you this letter leaving Mr. Thomas and
his special associates to vote their stock
to elect themselves as directors thereby
making no change in the membership of
the present directory, and when all of the
present directors are elected they will then
choose their president and other officers for
the ensuing year. There are numerous
matters of detail which the undersigned
might refer to, but it is hardly necessary
and they can only add, in closing. that the
eight gentlemen whom he designates as the
opposing minority have been looking after
the interest of the stockholders without
regard to person or numbers"