The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1899-10-20
MIR. SLIGII'S STATEMENT
He Makes IL Statement In Reply to MIR.
Koltt in Regard to tho Alliance
Warehouse.

kcltt in Regard to tho Alliance
Warehouse.
Editor Herald and Nows On tho
9th ultimo l attended tho annual
meeting of tho stockholders Of tho
Alliance Warehouse Company. There
were present at said meeting not
moro than four or five stockholders
who were not directors Of the board,
and quorum of stock WAS not rep.
resented. did not raise tho ques-
ton of quorum, but moved to elect
the directors then serving.
[ stated to tho meeting that the
reasons which made the Alliance
Warehouse a necessity no longer ex-
listed, and that as [ had been instru-
mental in getting many to subscribe
to the stock Of said company, that l
felt it to be my duty while living TO
get back for them rs much Of their
money as was possible undor tho cir
cumstances, and that to this end that
l had gone out and found party
who was willing to purchase this
property at fifty cents on the dollar,
bat that said party did not want his
name known for the present.
This, stated, did not mean IN ab.
soluto sale Of this property, but that
it WAS to put the ball in motion. I
further stated that l would, through
tho county papers, ask stockholders
to correspond with mo on the subject.
r. Y. @. Hunter was in the chair
and suggested that before doing this
it might be better to call another
meeting Of the stockholders. L agreed
to this, with the distinct understand
ing that the notice should be pub
lished in the county papors, and that
IN thenotice two special points should
'be mentioned, viz: that the PROPOSE
tion to sell wus for cash, and that
all stock should be represented either
in person or by written proxy. Mr..
Hunter asked mo to write resolu-
ton covering those points, and if
adopted it should be published.
This 1 did, and tho resolution was
adopted. Mr.. Hunter handed tho
resolution to Mr.. Keitt, with tho ro-
quest that he have the same published.
Here is a certified copy Of the resolu-
tions:
Resolved, That q meeting of the
stockholders of the Alliance Ware
house Company of Newberry County
be called by the President Of Stock
holders meeting to meet at Pros
perity, S. g., on the 22nd of Septem-
ber, 1890, to consider proposition for
sale Of the warehouse, the same being
a proposition to sell for cash.
Resolved, That all stockholders
are earnestly urged to attend said
meeting, either in person orby proxy,
and if by proxy, the same shall be in
writing, signed by the person or alli-
ance holding the stock.
If tho resolutions had had the
small pox the notice would not have
caught it.
Not one word about cash, or how
stock should be Representative ono
. urged to attend and nothing pub
lished that would lead tho stock
holders to believe that business was
meant and sale of the property
would be offered.
The President, Mr.. Hunter, an
nounced to the meeting on the 22nd
ultimo, that when he saw this notice
in the paper he was astonished, az
he looked for the resolution itself to
be published.
Now why did Mr. Keitt act in this
way? Was he afraid that cash
bid would bring out largo number
of stockholders, and many proxies
put in legal shape, so they could be
voted? He said to tho meeting that
it was mere carelessness on his part
that he really had not given the
matter thought How worry thin!
Now bear in mind that this same
secretary positively refused to fur.
nish me list of the names of the
stockholders, evidently with view
to keep mo from writing to them.
Put the perversion of the resolution
along by the side of this refusal and
you will understand why Mr.. Keitt
acted rs he did, and he should mako
no further denial of fact so plainly
to be seen. 1t is bad enough to do
wrong, but worse perhaps to hunt up
~ a shabby pretext for 1t. He took
good care to have every share of
stock that would 60 his way repre-
sented. While on this question,
wish to state that, if Mr.. Keitt had
not been member of the board,
would have laid tho proposition of
selling the warehouse before the
board and asked them to work with
me. But, knowing Mr.. Keitt as do,
[ foresaw that he being the only
stockholder that Is making anything
,r.out of the business and beino fully