The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-31
.roc,yoIDERs AND DIRECTORS

,lnN
continued 10 improve rs 'he we" n, WI ua'
c""'''Sa1a, having been 4B2.00O shares. and
ua' 18Th, week $4,000 shares. This
u, ~ rortIy attributable to the absence
u"''' 100, ON their summer vacations OF many
i''. and partly to fears OF an impending
VI -, ~ money resulting from the usual
. ortnow to the agricultural districts
Nv ..r,.v with which to move the crops. Al
W. ~. .,r,roints are made that the supply OF
49,, -'.,,,,o,cy IL unequal TO the demand. and
49,, ,,,ll coin has to be used to make up the
"a iarcv II would be u convenience to the
,'a,I, II tho Secretary OF the Treasury would
,a,''r,. the issue Of gold certificates against
d.,,.its Of coin but this he obstinatey refuses
80 10 r,ssibly from the persuasion that the
.,,r.,.tv ., paper money will aid the banks in
g.,,Ipr from Congress power TO issue more oil
,l,lr notes than they can now.
,,,,,., number OF instances in which antaR-
-, hos r.cently manifested itself between
Ts stockholders Of important corporations
,I. choir directors calls renewed attention to
49,, rcsnertive rights and powers of these two
sa,,,s Ordinarily, when business Is pros
n.ror.. and dividends are good. stockholders
v directors to do pretty much as they
,Js,.e They send in proxies for the annual
.ertious without asking any questions. and
aoco,t ,h, share OF the profits allotted to them
withoHt cuhp'I' i,,
go baby an" "''iu'"u, w , " 9''
pended or ""e"
threaten such 'a,""'',, '"e' ~ ""
show discomfort mus 'i'o iouue'io'i Vi 'n'
latest Iu"''''' 49,. ,,,,ai . 49,.
dated Gas company rom ''e uaua, 'oi 'en''
10 +! per cent anu t"o 'r"i ''u' ''e 'eN. o"e
may 10 i'F ''"'. "Nu po.nap' 'o'n'ns'
have brousht " '"o Vi e'o,N
holders 't 'ha' COZ 'o''''vn Wv 'ao. .""V
il is selling gas AT 'o's' anu N"S '.a 'eu 'a,A
OF legal lro'ee"'hGs ~ tonlpel 'ne es'ao-
Iishm'hr 81 Ho.o te'' - SAN E
the u'recl"'s'' VI. D'n 80 i'o'-
r"al '"H'l""S ,'"','" - " .oaev ,no .o'
IahE : F"au l, 'n7 We" ~ CIV III i'ui'i oau
'omIaiiy az ''' '"'. " ~. 80 70 I'm u,
on the boStol al" -'.oan y, |eo''"'' "''"ou 'he
road Is ac'ua'Iy earn'ns l. per ceh''. .n's pro-
c"edInE mas s''Fre" up ,'Noious ies's'anue on
the part oI eohs'"'."oio Nuniue. VI wen
formed boston u"u A,va"s eCoeA "o'uers' III
the case OF ,he iouei"' "'eo' ooii'""y' u pre-
ierred stocNnoIu'F Is RESISTING successfully inc
attempt OF 'he ultcto'e " paS oNiueho 10
the common s'ochnoluers oeiore ne receives
the tiIi year u'N'ue"" o'i MS preierreu STOCK
TO which the company cn"r'or en.,.les him'
pany. also are haNlnE WIN one o, us STOCK
holders controversy IN regard 10 nus demand
TO examine the company ooohs Win tne as
siStance OF al expert accountant Which mas
aroused suspicious !nat the examination would
reveal 'actS whlcI the directors 'hink IL oetter
70 keep cohceaieu'
Fortunately lof the oelligerent preferred
'ovh'loIue' ~ INV Wv e So'u pan'' 'ne
Ito,'' ., w. Wv ,oH t"',,.'1 ao 90
'.'.'' WAY hi,, uia 49,.
,,crot o,,h ', ,ho di.aotors ha, ~u
"''' w 49, 49,. w. 80 ~ - -
,, .,,.,NI, 49, .,
,,,,,.. =, 49,. -, $3.50, 70"
is,,a,I =, 49,. .ot I'M"
n ,' ~ -
-. 49, - 'l :, - Wv
' ,i,s,, .,a.,oIna .Ls,,n ~ ~
. - ,,ai-,r ,;r T.,
49,. ,,.l.,i 49, -. ~ VIZ ~
,', nIa ,,.I,t H.. ~. ~ 80
,rt ,i'h,, -, r,.,', ~ l
,,,,,a.,,. -. 49,, S.,.. ,,
r,.a ,,i :, =; ,a t,,, 49,.
~ ,Ian, o,r,,,,,r,,o tna 80 s,
,lo, L,,o hoo,, to,i.oI 800
-ita.aI ,an.ie ~, VI nav won
., ,ha ro.top and Alhonv poii,o.a s,.a,'hi,
you s.'eA
~ ,..I , 80 oppoeo ."e "aAiis
H.u y,ri, rn,t.,i 80 - piop.i', " tne
,,oI - ,ho -, - s'. an az
-, sso,rino onl,,,,h 80" go ou' .oi,
r,r,,v s,aorhaI1o., .. I.,t '"e't
,re r,,o,i,,, ~ ,rbioh !. i. - t'., az
Iho,, t,r ,ho ratioo.t;,r ,,,it.. - "
Loyo ~, ,.arIli,r ~ VIII
,r,
,aI' 49, anu s'ocAho'uers' actual ana
l, ~. 80 ~ "'"a!S " Aeep u IN mihu'
,',' 81 corporations nave oy law prac-
i."rt' 90 ionS as they keep
w, ""'''a VI 'nc!r com pahles charters.
"'' "'' wv G"li'y Vi lFauu or wllul waste.
va" manage ihattefS as they please. and
"a, o"'S C"rpA upon them Is the election OF
H',c'"S III t"eIr places When their
.r" eNp'le' lheir RUE ike that OF
- t"N''a, 10 al aosoIu'lsm tempered
,,.,'.,t '''''u" hNcn against thls peril they
I 'o' t'"eo. as 'ie oZars are py guarus.
."e possession OF enough proxies obtained
, va t"o'""' anu eohhalnR stockholders who
'',' me companies aHairs, and
w" r!pA'es as matter OF course to
'"' o''lclal circulars designate. To
t'oN''9 10 DO USED against them is
80. H''"' "'''c"'ty' "hlch lew men Will
a,',ii.i VNSer' upon extreme provocatlon,
!. - 81" more uliileult to find candidates