The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-03-11
ZINC INVESTORS ALARMED.
stockholders of the International
Company Fear Losses.

NEW YORK, March u.-StockhoIders
of the International Zinc Company, which.
according to despatch from Joplin, No,
has gone into the hands of receiver, are
fearful that they viii lose the amounts
they have inves ed in the company, and
are threatening trouble for the men re-
garded by them as responsible for the
loss Charles A H. Dougherty, Of IS
Wall Street who owns $50 shares of the
company's stock, says that he has
received letters of enquiry as TO the
company's condition from fully $50 stock
holders. living principally il New Eng
land The company's capital was $1,000. 600
in 81 shares The subscription price at
the outset, MI Dougherty said, was 70
cents a share. and it had been later as
high as S1.25. He estimated that about
$65o,000 had been paid in for stock.
The Offices Of JoshuaeBrown & Co. the
local representatives of the company, at
Is Wall Street, are closed; but Mr.. Brown
is known 10 be still in the city. Mr..
DOugherty saws that the controlling in
terest in the .irm of Joshua Brown x Co
Is held BY Dr. John Grant Lyman, Of 81
Broadway, who not long ago became a
member OF the New York Stock Elk
change. There has been talk among the
stockholders OF lodging charges against
Dr. Lyman with the governing com
nittee of the New York Stock EX
change but il is learned that no such
action has yet been taken A former en-
ploye of Joshua Brown & Co. said
that DR.. Lyman had within the last
two years hoated six or seven mining
companies, among them the Foreign Syn
dicate. Limited. Of Great Winchester
Street, London
DIT. Lyman could not be found Saturday,
but he is quoted as saying that he thinks
the present president Of the international
Zinc Company is "a man named Chad
wick" & W. Johnson resigned as presi-
dent month or two ago. Several stories
about his career in Chicago were told
by stockholders Of the company.
Further light was thrown on the affairs
Of the company through the firm
Of Barrow, Wade. Guthrie < Co.
auditors and public accountants. at q
Pine Street. This firm made an examina-
ton of the books Of the several mines
which were merged into the International
Zinc Company. According 10 these books
the companies were making good earn
ings, and the firm Of accountants issued a
certificate 10 that effect. This statement
was sent to Joshua Brown & Co. who
became the fiscal agents Of the Interna-
u0naI Zinc Company. and By them was
sent broadcast throughout the country
James T AnyOn, OF Barrow. Wade
Guthrie q Co, said that his firm
found that their name was being used
apparently as that Of hackers Of the com
pany, the statement being advertised that
they had supervision Of the conapanv's
books 50 on February =, 1900. M An
you wrote to the company asking that
the use Of his firms name in the zinc
company's advertisement cease In an
swer one Periey Morse called on Mr. An
yon wrote TO the company, asking that
mans interests in Joshua Brown 4. Co
adding that Mr. A1yOn might rest assured
that all was right with the COMPANY as
DR.. Lyman would take good care thar
there should be nothing crooked Finally
after legal proceedings had been threat
ened, Mr.. AnyOn added, the use of me
name Of Barrow, Wade, Guthrie K Co
in the advertisements was discontinued
by Joshua Brown x Co