The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-18
E. S. HILL REPLIES.
Published Statements
Refuted in a
Degree.
some INSIDE INFORMATION.
Possibility That a Lawsuit
May Be Brought by a
Boston Man.
some INSIDE INFORMATION.

Webster, Sept 1E-President Edgar
S. Hill of Webster and Dudley straet
railway returned last night from his
law office in Boston. He was seen by
reporter of The Spy. Mr.. Hill gave out
a statement in reply to the communi-
cation that was published in the Web
ster Times of Friday, which attacked
Mr. Hill and the local newspaper men.
who are employed on Worcester pa
pers.
The article that Mr.. Flint published
has not added any discomfort to Mr.
Hill He simply laughs at the author
of the article, but at the same time he
is more determined than ever to carry
out his project to a successful finish. In
the first place, Mr.. Hill said that he
had nothing to retract and that he
would stand behind everything he has
said
When the stock was first subscribed
there remained unsold 30 shares, which
amount to $500 at par. In order to
make a proper report to the state Off
Gals. the directors raised the $500 on
a note, and paid the same in with the
capital of $4,000, the capital stock of
the road.
Until five weeks ago 2S of these shares
remained in the treasury unsold. The
directors in every conceivable way tried
to sell these shares, but were unable
to. They went around the town and
teased everybody they met to buy tie
stock, but those asked refused to pur-
chase them at par. The directors be-
came downcast over their failure 10
dispose of the stock, and had become
very respondent over the matter, when
Mr.. Hill came to the front.
When he was acting in the capacity
of respected and trusted official of the,
road, Mr.. Hill worked for the benefit of
the road. He kept on the hustle and
managed to secure a wealthy Boston
financier to purchase % of the shares
at par.
Mr.. Hill returned to Webster and in
formed the directors of his success.
They all went into ecstacies over the
matter and voted Mr. Hill trump.
Nh Hill, as president, and John Flint,
as treasurer and superintendent of the
road, signed the shares. All of the di-
rectors We're agreeable to sell the stock
70 the Boston man, which would thus
get them out of a bad hole
Imagine Mr. Hills surprise when he
went to Mr.. Flint recently to get the
shares, and the latter refused to give
them up. He pulled roll of bills from
ms pocket and counted off $500 in cold
cash for the already purchased shares.
Mr.. Flint refused to deliver the stock,
and the refusal almost took the presi-
dents breath away.
Mr.. Flint refused to deliver the stock
on the supposition that he considered
Mr.. Hill was buying them in the inter-
ests of capitalists.
Mr. Hill saw at once that there would
pc trouble if the stock was not deliy-
cred, and tried to explain the situation
70 Mr.. Flint, No, he couldn't see or he
didn't want to, and at any rate he re-
fused to turn the stock over.
Ever since the shares were signed the
interest on the same has continuedoand
1t is still going on. Now somebody has
got to pay the interest. After the shares
have been sold it is not reasonable that
the company should pay for it. Now
comes the question who will have to
pay the interest?
Mr.. HIS next remark will come like
a bombshell to the stockholders who
are not eonYersant with the situation.
1t is without doubt that the matter is
known to only the directors of the road.
Mr. Hill said that unless the Webster &,
dudley road at once delivers the shares
the road will find itself in a lawsuit
Now if the Boston party, an intimate
friend of Mr.. Hill, presses the suit the
road will ind itself in a predicament
tnat 1t never thought of. The road has
got no money to fight the case, while
the Boston party is millionaire, and if
ne sets out to recover the shares he
Arrows ne viii putlthe road out of bust
ness before he gets done with ii.
Mr.. Hill said regarding the lights and
payment of the same at Beacon mark
that there is a wrangle about the mat
ter between Herbert S. Shaw superin-
tendent of the electric light works. and
John Flint of the railway, as to whom
should receive the pay for the same.
The matter is all mixed up, and until it
is settled Mr.. Hill is determined that
he will not pay one cent for the light
! ing of Beacon park during the past
months as he does not care to pay one
ana then have the other prove a bet
ter claim. That explains that matter.
John Flint wants to know whv Mr..
Hill did not attend all the meetings Of
the board. The president says the rea-
son why he did not attend all Of the
meetings, and particularly the last ones
held, was because he had been directly
insulted by the board of directors. He
does not mean to class the entire board
in the latter remarks, but one or two Of
them, They all know to whom he re-
fers.
The board should hold their regular
meetings once month and not every
week as they do now. All the business
could be transacted at a monthly meet
ing like rolling off slippery log did the
board so desire, but instead of doing
that they convene every week and in
dulge in social chats smoke talks, etc,
which invariably end in wrangles.
1t is estimated that during the past
summer months the conductors on the
local road collected 10000 fares. That
refers to paid cash fares and not to free
passes. These fares We're paid by the
patrons of the base ball contests at Mr..
Hills pleasure resort, Beacon park
They amounted TO $500. The company
paid the trivial sum Of $3.50 to the bail
association, and the players themselves
had to pay fares, when a special car
ought to have been obtained for them.
The road thus cleared 500 The associa-
ton lost money, so did Mr. Hill, and the
only ones to reap a harvest from the
sport was the street railway company.
The good 90 management of the road
in the past is clearly apparent, when
last Fourth OF July after the morning
ball game was over and crowd Of 1900
people hurried to the station to take a