Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-03-15

~ MEETING OF SHAREHOLDERS
CALLED FOR TUESDAY EVEN
IN1 TO CONSIDER IMPORT
ANT BUSINESS" IS RUMOR-
ED THAT STOCK WILL BE SOLD
FOR MORE THAN TWO FOR ONE
-EATNA-sTANDARD p Y
MENTS NAY BE MADE TO-DAY
"A BIG MINING SNAP, IN
WHICH LOCAL BUSINESS MEN
ARE INTERESTED.
Ever since the proposition for an in
crease Of the capital stock OF the River
side Company, from twenty thousand
shares to thirty thousand shares, was
submitted to stockholders, in Febru-
airy, and was promptly ratified by them
on the 21st of February, it has been
suspected by those who attempt to
keep in touch with Industrial matters
that the big Wheeling Company was
preparing to entertain a proposition to
sell out to some trust or combination.
For some weeks, however, there were
no developments, and yet the suspicion
was never aIlayed, and from day to day
predictions were made that sooner or
later there would be Developments
alcng this line.
On Monday there were hints that
something was coming, and yesterday
the truth OF this surmise was estab-
lished when stockholders received no
tees of a meeting of those having cap
ttal In the big industry. This meeting
IL called for Thursday evening OF this
week, and the notice simply says that
business of great Importance will be
submitted to those interested, and that
a full attendance is requested.
Representatives CT the Register saw
a number of the stockholders yester-
day. All professed complete ignorance
as to the objects of the meeting. the
individuals saying they were complete
w in the dark. Cross-Questioning,
however, revealed the fact that it was
generally believed the object OF the
meeting was to consider a proposition
to sell the works, and one gentleman
nossessed of a comfortable slice OF
stock said he understood" that the
stockholders would obtain two Tor
one. or better" for their holdings.
III n ct NIGHT SAID Tie
thought three for one would be pretty
near the price.
The present capital Of the company
is three millions. it having been IL
creased one million at the meeVlhe
held on the 21st of February. At even
two for one. the sale price of the plant
would be six millions, and anything
better would be at corresponding
advance on this figure
: THE AETNA-STANDARD DEAL.
= Enquiry last evening among stock
holders of the Aetna-Stardard WORKS
failed to reveal the receipt OF the cir
culars giving details Of the conditions
upon which the plant was to be dis
posed of, but it was understood the
letters were in the mails, and would be
received by the parties in interest THIS
morning, and also that the money
would be forthcoming to-day to stock
holders at the City Bank Of this city,
and at the National Banks in Bellaire
and Bridgeport.
This sale will put something like
million and three-quarters of cash
afoat in this community, and still
many stockholders will retain an in
>ferest in the plant under the combine,
and local Identification will thus not
be wholly lost.
It is stated with every show of au-
thority that quite a number Of stock
holders are very sorry they ever went
into the deal, they being now con-
WINGED the Company would have made
as much money for its stockholders in
the next year as they got out Of the
sale, and would still have had
control of a plant which has been a
fairly good thing" as investments so.
1t is now too late however, to shed
tears over the situation.
BUSINESS MEN IN LUCK.
Several local business men interested