The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1899-10-10
NJ :. Keilt Makes Il 81 'tcmcnt,

relating to the Warehouse Company.
The "largc stockholdcr and prominent
alliarccman," conclude is Mr.. Sligh:
not that he really is Il large stockholdcr,
but such statements, imagine, could
come from no one else. While | have
considered the conduct Of Mr.. Sigh as
highly rcprehcnsiblc, and possibly the
officers Of the Warehouse Company
should have warned the stockholders
OF his unalliancc conduct, have felt SO
fully satisfied that he cannot gull u ma
jority OF tho stockholders that | have
treated the matter with some complu-
ccncy outside Of The stockhodc IS
meetings.
AS this matter has been injected into
the press, both by advertisement for
stock at u value Of about 80 per cent. Of
the money expended for the property,
and by statements, evidently having no
other intention than to create pre- iudicc
against me, | shall, us II matter OF
course, insist upon Il correct history.
The regular annual meeting Of tho
stockholders was he'd at Prosperity on
9Th September. In common with others
[ was amazed when Mr. Sigh made II
lengthy speech to the stockholders and
said that he was authorized 10 purchase
the Warehouse property at 50 pc cent.
Of the stock issued, and that he intend
cd TO advertise for stock. He volun-
tcered The suggestion that he believed
that he could make two hundred do
lars out OF the transaction, but he in-
formed us that he would not do such Il
thing. He asked me. as secretary, for
a list Of the stockholders. could not
have drawn it then. He offered to pay
for it. | replied to MI Sigh, and o.
jcctcd to his course.
The board of directors had power
from the stockholders to sell the prop
erty a. much higher value, and con-
tended that whatever acLion was taken
regarding Il sale, should go through
the regular channel Of the directors.
Mr.. Sigh then agreed that if the stock
holders should be called to meet on
22nd September, that he would submit
to their decision, and not undertake in
dependent action. BY unanimous con-
sent the meeting was called. During
the interim Mr.. Sigh wrote and again
requested IL list Of stockholders. The
following was my reply:
Dear Sir: Your letter again request
ing q list of stockholders of the New
berry Alliance Warehouse COMPANY
was duly received by last mail. In view
OF tho circumstances, deem it my duty
to the stockholders 10 decline to fur
nish you with the list.
Respectfully,
JOS. l.. KEr"r.
When the meeting of 22nd September
was called to order, Mr.. Sigh con-
sumcd q great deal Of time crticising
me for not publishing resolutions he
had offered at the preceding meeting,
and for not sending him q list of stock
holders. He made n number of sense
less propositions, and concluded that
he would not be bound by any action of
the meeting. In reply to my question
he decline d to tell us whom he represent
ed, but said that the party is not u
member Of the alliance. Now, "promi-
nent allianceman and large STOCKHOLM
er" says 81 or 45 Of the stock holders
left the meeting in disgust. Why? Be-
cause they were disgustcd with my
conduct. For not publishing the reso-
lutions of the preceding meeting; fer
not furnishing Sligh list Of stock
holders, and because | said that I
would not let Sligh or any committee
he asked for, see the books Of the sccrc-
tary and treasurer. Docs any one sup
pose that any person in that meeting,
except Sligh, was intensely interested
in these matters? There arr some who
blindly follow him. But Sligh did not
leave for these reasons. The immeGi-
ate cause Of his leaving was q rcsolu-
tion offered, which embodied these
propositions.
1st. That in no case shall tho board
of directors consider proposition to
purchase the warehouse property with
out knowing the real purchaser.
End. That We condemn any effort to
sell the Warehouse property except
through the channel OF the directors.
7 stated that I would have no re-
marks upon tho resolution. Sigh
seemed to become furious. He spoke
against it, and said it was an insult to
him. When he took his seat, and a
vote was called, said the vote would
be taken by stock and was sustained
by the chairman. Sigh said: "Now
there it is again. Let us leave here
and let them pass IT," a motion was
then made to adjourn, but Sligh and
those who went with him, left the
hall. Is it true that 3-4 or 4.5 left? Oh
mol The vote Oh the motion to adjourn
was deliberately taken and recorded
and the minutes show that less than
Id of the stock represented that day
was not voted, and some of the members