The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1899-11-03
The Alliance Warehouse.

Mr. EditOI: | have not the least de-
sire to expand this controversy: it can
not be moro nauscating to others than
| to me. The circumstances mndo i,
| necessary that | should correct false
hoods. | will not notice insinuations
and expressions Of opinion, but | win
continue to correct Misrepresentation
| OF facts that arc material and are con-
| ncctcu with the management of the
| Warehouse Company. 1t has been a
long time since MIR. Sigh attended a
stockholders meeting, If remember
correctly; and, it has been years; since
he WAS relieved from duty is Il member
OF the board of directors. We have had
perfect harmony during his absence.
llc made the motion to rc-olcct the
present board in its entirety, and then
| said it was hosscd. Each member of
| the board has equal power, and don t
| think there is Il member who can assert
! that any other has ever urrogatcd the
! right to more.
| In general terms have already pre-
Scntcd this entire matter sufficiently.
and | would be contcntcd with what has
been said, but there are Il large num-
hcr or stockholders throughout the
| country, and lest some Of them NAV
consider my silence after publication Of
the 2lth, as an admission Of what was
said in it. | will consider in detail
such paragraphs as arc worthy Of no.
tlce. MIR. Sligh says: "If Mr.. Kcitt is
correct, less than IL Of the stock rcp-
resented that day WAS withdrawn from
The meeting, but notwithstanding this
insignificant withdrawal We arc inform-
ed that Mr.. Kcitt immediately with
drew his insulting resolution that fixed
the price of the property at -. 600 and
which condemned everyone who did
not agree with him, and had another
resolution adopted Offering the same
property at 81, 800" ! will make Il
statement Of the facts aud the reader
can draw his own conclusion as to how
far the above statements are warranted.
When the meeting was. organized it
WAS announced that DOB votes were en-
rolled. After occupying short time
considering questions relating to the
representation Of stock, MIR. Sigh in
troduccd my alleged dclinQucncics in
not furnishing him with list OF stock
holders and not publishing resolutions.
us primary matter, and his own
scheme Of selling the Warehouse prop
crty as secondary. He announced that
he would not be bound by the meeting
before anyone else had said one word
upon the merits Of the subject. After
the subject had been fully discussed |
offered the following resolutions which
Mr. Sligh still persists in saying arc in
sulting:
Resolved, |. That the board OF dircc-
tors arc hereby instructed to sell tho
Warehouse property in its discretion
at not less than two thousand dollars;
and, in no case, consider Il proposition
purchaser.
Resolved, End. That the stockholders
condemn any effort to sell ont the
warehouse property except through
the channel of the directors.
1T was not my purpose to insult any
one. | knew Of no other way to have
my views Of this business matter acted
upon. Mr.. Sligh appeared to become
furious and made one Of his charactcris-
tic harangucs declaring the resolutions
to be insulting, after which he took his
scat. No one else spoke upon the rcso-
lutions. The vote was called. drew
attention to the fact that the vote
would be taken by stock. This seemed
to cXasperate Mr.. Sigh again. He
said: "Thcrc it is again, let Ms leave
here and let them pass it," a motion
was made to adjourn. Mr.. Slis,. then
bolted the meeting and carried all with
him that would go. Some who were
enrolled had left the hall Il short time
before. When order was restored, the
roll was called upon the motion to ad-
JOurn and 203 votes were cast. The
motion was defeated. / immediately
withdrew resolutions and asked that
Il committee consisting of Mcssrs. Hunt
cr, Fcaglc and Pugh be requested to
draw some resolutions upon which VIC
could all agree. 1t was my purpose to
make the meeting as harmonious rs it.
always is when Mr.. Sigh is absent.
The committee reported u resolution
which authorized the board to sell the
Warehouse property at not less than
81 800" With the exception of one
member. who was otherwise instructed
this resolution was unanimously adopt
ed. Personally have never favored
u sale for less than $4,000, as I regard
the property cheap at that price.
agreed to the resolutions In Difference
to the committee that reported it. 1t
will be observed that an overwhelming
majority OF the stock enrolled consid-
cred tho subject of a sale only through
the channel Of the directors. Mr..
Sigh anticipated this statement and il