Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-19

and there deposited in pursuance to nego-
tiations Of a business nature between resi-
dents of the State Of Maryland ana the
Guarantee Loan and Trust Company, an
OF which the Board of Directors then ana
there had full notice; that the authority
hereinbefore affirmed as being vested IN
this affianT is evidenced by certain reso-
lutions passed by the Board of Directors
hereinbefore mentioned and contained III
the record of the minutes of the proceed
ings of the said Board and also by the
following copies Of authority. the original
Of which are in the possession Of TINS al
tiant, towit:'
she affidavit then recites in full au-
thority to the affiant, F. W. Reynolds,
from d. H. Taylor, President, under
date of December p, 1897 to 'nego-
tiate any matters of a financial ma
ture' for the Company; from J. T..
Douglass, under date of January "a,
1898, to sell his stock; from H. @.
Ogden, under date of December 20,
1897, TO dispose Of my permanent
stock . at its par value of $3.50 (;
from John Dornan, under date of jan
uary "a, 1898, to sell his stock; from
Dir. w. R. Taylor under date of jan
uary 1898, to sell his stock, and from
j. NJ Walker, under date of Washing>
ton, January 10, 1898, to sell his stock.
Affiant then proceeds to set forth
that about the end of November 1897,
President Taylor went TO Washington,
examined into the arrangements made
by affiant on behalf of the Company,
expressing his approval, after full
knowledge of the facts, but that. at
a meeting of the Board of Directors
held in Wheeling about January H.,
1898, 1.-The said Board refused to ratify
the minutes of the former meeting
which had been held in December.
1897 and that this affiant then and
there offered his resignation to said
Board. and asked that a committee OF
three be appointed at once to take
charge Of the affairs of the Company
and settle with him. The affiant was
then and there requested TO leave the
room in which the said Directors were
then and there in session. and in a
short time was recalled and was in
formed that action upon the entire
matter would be postponed but that
a committee of three would accompany
affiant to Washington, and also to
Frederick Md; that afiant and said
committee of three, consisting of d. H.
L ~ 1Ol, I iCStutnlt y. oOlilCl V illC-
general counsel and j. M. Walker
director, proceeded at once to WASH
ington City; that after arriving at
Washington affiant offered to go to
Frederick with said committee, but
was informed by j. B. Sommerville
that it would not be necessary, and
afflant was also informed that all
property of the Guarantee Loan and
Trust Company would be Immediately
removed to Wheeling by the said com
mittee and that said committee under
took to take charge of the books, pa
pers and effects of the said Company
intending to remove the same, but that
a restraining order was served in an
equity proceeding"
This order is reci:ed at length. and
affiant proceeds that no further at
tempt was made to take charge Of
the effects OF the Company: that the
subscriptions of the stockholders in
Washington had been obtained upon
the strength Of the location of the
offices of the Company in that city and
that ''the said Committee desired only
to secure their notes for their stock,
and did not care about any of the
other property Of the said Company"
and that the said Stoner and H. number
of other stockholders knew Of this
fact; that the said Sommeryille and
TAYLOR returned to Wheeling but that
Walker remained in Washington and
executed to aff;anJ authority to dis
pose OF his stock; that on January %,
1898, there was a general meeting of
the stockholders in Washington; that
Sommerville d. II. Taylor and Ogden
were present. and that at said meeting
the action CT affiant was ratified in
every particular as to his conduct and
management of the business; that the
said ID. H. Taylor, r. c.. Ogden and
J. b. Sommerville were removed as
Directors at said meeting and other
Directors elected in their place and
stead. and that the rest of the old
Board of Directors was again re-elect
ed: that the action of the said J. G.
Stoner in filing said bill in equity was
approved and ratified by the said
stockholders and the expense of the
same ordered TO be betrayed out of
the general funds of the Guarantee
Lean and Trust Company; that the
next day ]. B. Sommerville and D. II.
TAYLOR executed contract Of sale, a
copy OF which is herewith filed, mark
cd exhibit A. Of this affidavit; that
the said F. C. Mathews came to Wheel
ing upon the 9Th day of February, 1898.
prepared to consummate an agree
ment. but desired action to be de-
ferred until the following Monday;
that upon the day after the proffer to
complete the said agreement by the
said Mathews and which was the day
before the next meeting which was to
be had between them. this affiant was
arrested: that while this affiant was in
iail he was served with a copy Of a
notice from each Director Of said Com
pany. all Of said notices being in form
the same copy Of which is as fol-
lows:
E" WHEELING. MI VA
February {. 1898.
q Mr. Z. W Reynolds
4 hereby revoke any authority | may
have at any time given you to dispose n
my stock In the Guarantee Loan and
Trust Company.
Very truly,
This affiant says he has not en-
bezzled or stolen any of the books.
papers. securities or money from the