The Portland daily press., 1900-03-02

Q.-Do you know the cause Of dissatis-
faction with the company
Al don't know.
Mr.. Pierce Won't this letter bring any
thing to your mindf
A.-Thsy never expressed to me. can
imagine.
Q.-what was there In the company g
condition to cause dissatisfaotionf
Al don't believe It Was earning what
they anticipated IL would.
Q.-what were the earningsf
Al can't tell.
Q.-You had statements ss to the sarn-
ingsp
AT the annual meetings Of the COM
pany.
Q.-Didn't your firm ship out state
ments to New York concerning this com.
pany?
Ayes.
! Q.-You had monthly statements ana
others from Mr. Newhall up to September
30. 20.
Ayes up to the time the new man
dktuout took ouaEkc VI thc oofnf<Ays
Q.-was the issue Of $4,000 bonds to
you squars'
| A.-Yes, they were sound and all right.
| We had a good claim to them and bought
them as the books will show.
! Mr.. Woodbury. Was asked to read q letter
from Mr.. Van Dieson under protest by
Mr.. Woodbury.. Mr.. Cocmbs did not like
| Al a.. ~ sk. tafkar hatnn road Ihare
was long discu ssion over this letter II
Being feared that the validity Of the Crys-
tai Water company bonds might be
brought into question. Mr.. Woodbury.
was then told TO read the letter, which
gave some history of the troubles Of the
water company. The letter did not seem
TO amount to very much after all.
Mr. Woodbury. was now asked to read
| a letter he had written to Mr.. Under
wood. The letter inolosod three hundred
coupons Crystal Water company bonds to
be presented and protected II necessary.
1t WAS suggested that when properties
have been [toreclcsed heretofore IL has
not been customary to prevent the
coupons at the same time. The letter
seemed to indicate that Woodbury. and
Moulton we're about to foreclose mort
gage on the Crystal Water company
property. The date Of this letter was
October 20. A letter from Mr.. Underwood
to Mr.. Woodbury. said that the Crystal
Water company management had said
they wished to keep the firm OF Woodbury.
and Moultsn In q hole. The coupons were
presented and protested for non-psyment
and asserting to the latter seemed to
have caused some little fury among the
Crystal Water company people. The date
| Of this letter was October 2sth.
Another letter dated October 20 from
Mr.. Underwood said that "in event Of
any trou bic coming to Mr.. Woodbury.. or
the firm OF Woodbury. and MoultoD, be
did I OF desire 10 be mixed mp in 1t, and
20 did TO. wish TO act directly for the firm
OF Woodbury. and Noulton in a mattaE
pertaining TO the Crystal Water company.
TIE date OF this last letter was October
2nd. Aro.ner letter fIom Mr.. Under
wood 10 Mr.. Woodbury. dated OCT ober
soth. said that Taylor said the Crystal
company should be rsorgsnizsd. Under.
| wood said he should tell Taylor that Mr..
Woodbury. did no.krow anything stout
any trouble or feeling In the company.
In ar o.hsr place the letter said that Tsy-
Tor had threatened to procsed against the
former officers of the Crystal Water COM
pany under the penal code IL the fo's-
closure proceedings which were threat
ened were commenced.
At this point the hearing was ad journed
| until ten o'c'o,k SATURDAY morning when
the exam, inat.on OF MIR, Woodbury. will
be continued by MIR. Freeman. This after
nooa the hearing on the claim OF the
Municipal Security company will be con-
tinued and MIR. York viii be examined In
relation to this company by Mr.. Free
man.