The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-05-27
4 REoEsyEh
iS Wanted TOr 'ae lklaAOms
fsaiiarium Company

tsaiiarium Company
Norman. o. r. May 2s-The Transcript
says ON Friday last Dr Thos $. Gall |
braith who owns a one fourth miaro |
On The Oklahoma sauitarium and wls r9r |
merly superintendent aud manager 1f ihe
institution. sued the company aul 10 !
Threadgin. its president for an account ]
ing. and for a receiver 90 take chacsa OF
the sanharium The law firm Of Dale & |
Bierer, both ex-justices Of the supreme |
court Of Oklahoma. are his attorneys. |
and through them, As alleges taat SINCE
july l. 1sss. he has nad no statement !
from the company and that Dr Thr, l1-
ein has refused 70 make him one or ale
low him TO examine the book. although
a contract exists that he Dr Thread
GID shall DO SO. lie also claims he did not
receive what " rs due him up to July ]
1898 and since then has received nothing.
although he was entitled to 5000 per am
mum (estimatedD A hearing upon the ap-
plicatfon was held before Judge Burwel
at Tecumseh on oMnday resulting in an
order that DR. Gaibraith should be al
lowed to examine the books papers etc,
of the company by giving the officers
twenty-four hours notice and setting the
hearing on the receiver matter for June
g. 1899 From this order DR.. Threadgu
has appealed 10 the supreme court filing
his appeal on Wednesday, which ties the
matter up untn q can be heard hoy that
tribunal
Dr Thread was asked his side Of the
controversy on Tuesday and said
There is really no basis IN equity or
justice for the suit, and Dr. Galbraith
knows 1t. 1t is purely a case Of bluff
to force me to buy his interest at a big
figure. but those who know me. know
| that this Is useless and will also be GER
tain that the charges of conspiracy, mis-
management. etc. are totally without
Foundation. 7 am willing TO rest my case
with anybody and everybody who knows
me. A thirty year reputation for honesty
and square dealing IS not TO be destroyed
by the idle words of an idle fellow Ike
Galbraith. I am not at all troubled by
the suit; though Of course. a. is disagree
able. as all such things must be.
| "GaIbraith does own % one fourth in
terest. and up TO July f. 1898 when our
$500 per inmate with the territory expired,
received his dividends upon il regularly.
lie irrested about 1880 whom We organiz-
ed the company and was elected super
intendent at salary OF 81 600 per year
house rent. subsistence for himself and
family, etc. out OF his salary DE paid 500
making In oil $1,000 for one-fourth inter
est The company at first consisted Of j
b. Rolater James r. Galbrath ana my
self but I purchased the Interests Of the
two former gentlemen early in 1898 which
gives me now a ,hree-fourths interest eN-
cept a small share which 7 transferred
20 my Wife Mrs Francis II Thrcadgn
From this 5000 invested In 1895. Th0s. 8
Galbrafth has drawn between $4,000 and
81 900 up to July, 1898 I sent him his divi-
dends promptly. with a statement Of r..
ceipts and disbursements every quarter
until 7 found ne was making use II tho
Information - undermine me and then
quit the statement business but always
sent him his dividends Z do not owe him
one penny for the years that ended Juli
1898. and when the books arc balanced IN
July 1899 I win then pay him everything
he Is entitled to ON account OF earnings
for the past year.
In June, 1896. Dr. Galbralth was toll
That his services as superintendent wer,
no longer desired as the institution was
not doing well rnder his management
He was however elected president ana on'
Of the directors OF the company. at the
July. 1896 meeting. my wife and ! beina
the other two directors. At the same meet
Ing. I was elected superintendent and
manager at $500 a year. out Of which Z
was 10 pay our own house rent subs's-
fence. salark 10 book-keeper etc. Remem-
ber too. that I was paying three-fourtA As
Of his salary. as I owned three fourths Of
the stock Dr. Galbraith''s 8 part being ere
fourth, OF $500.
| This arrangement continued until July
1885. when my salary was raised TO $4,000
the same arrangements as to paying my
own house rent. subsistence book-keeper,
etc, continuing The business OF the in
stitutfon had more than doubled as to
the number Of inmates ana the amount
of work necessary-and OF the additional
amount paid me, Or. Galbralth paid iust
Si00 per annum. At this meeting In July
1895 II was determined that no balance
sheet should be prepared until the end
OF the fiscal year in July. 1893, for q
must be remembered that we are now
working under a 5000 contract with the
territory and we did not know how q
would pan out-the profits In one quarter
might be eaten mp by the expense oi
another for new buildings were continu-
ally necessary and more attendants Were
continually being added. At the end 'i
the fiscal year in 1899, I will make my
statement and pay DR.. Galbraith what is
due him; and have always been ready to
allow him 10 examine the books himself
bat ne has never applied in person.
"I am free to confess there Is some
personal feeling between DR.. Galhraith
and myself over the Sanitarium He has
not shown disposition 10 act fairly
from the very organization Of the COM
pany. and has been a continual knock
er" but I have fulnlleu every contract
ever made and will continue TO do So
II would seem that Dr. Threadgir IS
but using good, common business sense
IN protecting his own interests IN the IN
sthution-such sense as any good business
man world use. No one who knows him
doubts for moment that ne will, when
the proper time comes, make his partner
the desired statement and pay him what
IS Que him.