The Portland daily press., 1900-05-29
GEO. W. BROWN DROPPED
Gut Of Directorate Elec-
trical Cos.
Meeting Of Cumberland Illuminating
Company.
j. r. Libby Chosen
President.
Means Mr.. Browns Retirement
From Allied Corporations.

A meeting Of the stockholders OF the
Cumberland Illuminating company was
held at the law offices of Libby, Robin
son & Turner, in the First National
Bank building last evening. Great inter
est had been manifested in this meeting
for several days, and although no vote
was taken Of the representation last even
ing 1t is very probable that nearly all of
the stock was present. The meeting was
called for 7.30 o'clock, but IL was an
hour after that time before It got down to
business. In the meantime conference
and consultation |. were held by almost
the dozen for the purpose Of effecting a
compromise which would be satisfactory
to majority, II not to all, Of the stock
holders of the company. The stockholders
who were in attendance or their
proxies well filed the room, but every
body waited in patience until the word
was given that all was in readiness.
At O'Clock Mr.. George W. Brown who
has been the president of the corporation
since he bought its charter about two
years ago from Hon. George p. Wescott,
Hon Henry b. Cleaves, Hon. Seth l.
Larrabee and others, appeared and called
the meeting to order. But even at this
hour all of the minor details were not in
readiness to be presented. Accordingly
another half hour was taken. Then
President Brown once more appeared and
stated that the meeting had been called
for the purpose of electing board OF
officers. There had been meeting OF
the company on Saturday evening and
referring to this, Mr.. Brown said: You
know that at that meeting a committee
was chosen to nominate board Of direc-
tors. 1t seems TO me at this time that we
should reconsider this vote and elect at
this meeting board of directors which
would be satisfactory to all. In this con-
nection would say that my name was
not to have been on the board Of directors
which was to have been nominated at the
Saturday night meeting"
1.-THE report of that committee would
not be binding ON this meeting" re-
marked Hon. Charles f. Libby.
II have consulted about this thing,
exclaimed Mr. Brown, land have agreed
upon ticket which would be satisfactory
to ALL
Both reports lie on the table, +" said
Mr.. Levi Turner, Jr, the clerk of the
corporation.
That's a good place to put them,
stated Mr.. Libby.
Mr.. Libby then read the list of the
board of directors which had been agreed
upon for the ensuing year. 1t is as fol-
lows: j. r. Libby, W. II. Thaxter, NJ.
II. Kelly, E. II Mather, S. W. Thaxter,
H. l.. Jones, II. Nj. Jones. This board
is one that will command confidence"
stated Mr.. Libby, ''and ask that the
secretary be authorized to cast the vote
for their election. As clerk we present
the name of Lew Turner, Jr., and under
the same vote move that his name be
added to the list. The treasurer elected
by the stockholders is NJ. II. Kelly, the
present Incumbent"
This was agreeable all around and Mr.. |
Turner as requested, cast the vote for
the election of the gentlemen named and |
was himself sworn in as clerk by Mr.. |
Libby.
ut is always a pleasure, said Mr.. |
Libby, THAT instead of a fight we should |
come together amicably. l have been |
counsel for these four companies and
you will know the trouble that we had to |
get competing company in this city. |
We had TO do this according to law. The |
Portland Electric Light company, the
Deering Electric Light company, the |
Cumberland Illuminating company and |
the Sebago Water company are all tied |
together and have to be operated to- |
gether am always glad that business |
men do their business in way to protect |
their interests. This is business board |
and will carry on its business in a bust |
ness way"
1T is very gratifying to me to arrange |
these things tonight" said Mr.. Brown.
There has been more or less hard feel |
ing and certain things have happened |
which have not been very pleasant. But |
have agreed to let bygones be bygones |
forever. 1 thank you and the citizens in
general. 1t is just on account of matters
over which had no control that have |
though it best for me to get out. |
concluded some time ago that IL / could |
sell out my interests to II L. Jones,
George A. Fernald and NJ. II. Kelly |
would do so. This have done. could |
have made more money to have sold out |
to somebody else, and it is at sacrifice
of $40, 900 or $50, 900 that sell out in the
way that have. So you see that have
not disposed of my interests in any mean
manner. would rather have Mr.. Fer
nald and others take the company than |
parties who are not very friendly to me.
1 have yielded up my own ideas in
order to please the citizens Of Portland
and have done this for the interests of |
peace and for the good Of the COM
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