New-York tribune., 1901-03-17
ANGRY STOCKHOLDERS MEET.
COMMITTEE APPOINTED TO PRESENT PLAN
FOR FEoRGANIzINC INTERNATIoN-
Al ZINC COMPANY

score Or more angry stockholders who had
suffered in the collapse the International Zi7c
company met yesterday afternoon I'm the office OF
c II A. Dougherty. No. 6s Wall-st The crowd. IN
which We're several men with v hite boards md o7e
AGED woman. and some who seemed hardly, NOV.
than youths filed 20 sufocation the inner Office
anu cNtrh'"ed lnto the aute-room- Among them
was William Speed Of Phiadephia. man well
in the sixties, who introduced as the largest
stockholder in the zinc concern Dr. John Grant
Lyman sent letter Of regret As q res,II, ~ tb.
meeting committee Of three. with power to add
10 thelr number. was appointed 10 take charge Of
the interests ~ the stockholders and r,raear,
feaslble plan OF reorganization The committee fs
composed Of C. II. A. Dougherty. who has neon
leader in the movement Of which the meeting was
an outcome; James McNaboe. 4 LAWYER Of No 900
Broadway. VINO is the counsel Of the dissatisfied
stockholders. and II 3 Shoemaker LAWYER of
No. Il Broadway.
The first concern Of the committee viii h. .,
institute plan by which 10 foresta foreclosure
proceedings az present threatening the Free Coin
age Mine. the most valuable property OF the COM
pahy IN the Joplin district Of Missouri The mort
gage on this property amounts 10 81, 01O and nm
less injunction can he obtained from tba courts
70 defer the sale. the stockholders to retain the
property, must raise $1,000 before March 50 and the
remainder in ninety days. The value Of the Free
Coinage mine is estimated at $4,000 and it appears
that an effort will be made TO save it, even If This
viii involve the freezing of some Of the share
holders and the acquisition OF the properly by
others; who are willing and able 10 contribute
toward the fund for raising the mortgage
Mr.. Dougherty. who has led in this movement
presided at the meeting. He read letter from
!lr Lyman, in which the latter sent his sympathy
lie said he in the position : they We're
having lost heavily in investments in the Interna-
tional Zinc Company. He concluded by saving that
he would acquiesce in any action the meeting
would take, and that his interests were identical
with those OF the stockholders
Mr. McNaboe. who followed with statement of
the affairs Of the company. said he would start
the presumption that DR.. Lymans assertion that
the failure Of Joshua Brown S. Co. was due 10 in
vestment in zinc true We here 10 make
any charges" he said, but If there has been a
Swinde from the start, has been charged Won
stockholders want 10 know II, and YOU owe ir 70
yourselves well the community 10 see
that justice is meted out He said he was de-
termined sift the matter the bottom and
that he had already made some progress in his in
VeStiGation
Besides the Free Coinage property. the zinc COM
pany owns the Blue Wing mine and the Mavne
mine. both the Joplin district. Missouri The
latter. is conceded. is of practical value hut
the Blue Wing property. il said would pay
Grated the audit OF Barrow Wade & Guthrie
had the books Of the concern from anv com
plicity in the scheme which led 10 the collapse
Jesse W. Starr. who represented the New-Eng-
land contingent % stockholders said that the Blue
Wing property paying one and that he him
self would be willing take IL from the company
and pay yearly royalty on il of from sI2 900 10
$1,000.
The reorganization committee will begin work at
once and will probably communicate its plans early
this week to the stockholders II reach