The times. [volume] (Washington [D.C.]) 1897-1901, 1901-03-11
ZINC INVESTORS ALARMED.
Stockholders of the international
Campnny Fear Losses.

| NEW YORK. March 10.-Stockholder:
| of the International Zinc Company, which
according to a despatch from Joplin, Mo.
has gone into the hands of a receiver art
fearful that they will lose the amount:
! they have invested in the company, anC
are threatening trouble for the men re
i garded by them as responsible for the
| loss. Charles A. II. Dougherty, of 6
| Wall Street. who owns $50 shares of the
| company's stock, said yesterday that he
| had received letters Of enquiry as to the
| company's condition from fully $50 stock
holders. living principally in New Eng
| land. The companys capital was N,Oe,oO.
| in 81 shares. The subscription price at
the outset, Mr.. Dougherty said. was 10
| cents a.share, and it had been later as
| high as S1.25. He estimated that about
| 100000 had been paid in for stock
The offices of Joshua Brown & Co, the
local representatives of the company. at
IS Wall Street are closed; but Mr.. Brown
is known to be still in the city. Mr..
Dougherty says that the controlling In
terest in the firm Of Joshua Brown & Co.
is held by Dr. John Grant Lyman, of 81
Broadway, who not long ago became a
member of the New York Stock EX-
change. There has been talk among the
stockholders of lodging charges against
DR.. Lyman with the governing com
mittee of the New York Stock Ex-
change. but it is learned that no such
action has yet been taken. A former en-
ploye of Joshua Brown & Co said yes
terday that DR. Lyman had within the
last two years fioated six or seven mining
companies, among them the Foreign Syn
dicate, Limited, of Great Winchester
Street, London.
DR. Lyman could not be found yesterday.
but he is quoted as saying that he thinks
the present president OF the International
Zinc Company is "a man named Chad
wick" c. W. johnson resigned as presi-
dent month or two ago. Several stories
about his career in Chicago were told
by stockholders of the company yester-
day.
Further light was thrown on the affairs
of the company yesterday through the
firm of Barrow, Wade Guthrie q Co,
auditors and public accountants. at p
Pine Street. This firm made an examina
tion of the books of the several mines
which were merged into the International
Zinc Company. According to these books
the companies were making good earn
ings. and the firm of accountants issued a
certificate to that effect. This statement
was sent to Joshua Brown & Co, who
became the fiscal agents of the lnterna-
tional Zinc Company, and by them was
sent broadcast throughout the country.
James T. Anyon. of Barrow. Wade,
Guthrie 81 Co. said yesterday that his firm
found that their name was being used
apparently that OF hackers of the com
pany the statement being advertised that
they had supervision of the company's
books. SO on February p. l90a. MIR. An
you wrote to the company. asking that
the use of his firms name in the zinc
n
swer one Perley Morse called on Mr.. An
yon wrote to the company. asking that
mans interests in Joshua Brown * Co,
that all was right with the company, as
DR. Lyman would take good care that
there should be nothing crooked. Finally,
after legal proceedings had been threat
ened. Mr. Anyon added. the use OF the
name Of Barrow. Wade. Guthrie & Co
in the advertisements was discontinued
by Joshua Brown & Co.