New-York tribune., 1901-08-29
HOT WORDS OVER COLD AIR
SPECIAL, MEETING OF TRTPLER CON-
pANY DIRECTORS CALLED TO con-
SInER CHARGES OF BAD FAITH.

SLIDER CHARGES OF BAD FAITH.
Informal charges and countercharges marked
yesterdays development in the Tripler Liquid AIT
C,ornpany controversy. St Charles B. Gwynn, OF
Sheldon a Gwynn, No a Wall-st. counsel for the
company. asserted that Samuel NJ Geroenhire' VINO
represents directors and stockhoioeEs' hAn
made certain misstatements. MI. Garoenhire spoke
in the same vein concerning Mr.. Gwynn. J. Iolo-
berg the stockholder who started the disturbance,
was completely lost sight Of M Goldberg alleged
that he received return from his investment
with the Tripler Liquid Air Company. and that
there had been some frregularity on the part OF
The companys officers in issuing the stock
Mr. Gwynn said that the affair had become so
serious that a special meeting OF the board OF d.
rectors would be held to-day TO determine II there
was any basis for Godberg's allegations MI
Goldberg promises that he VIII bring no action
against the company II II quickly. II guilt is
found. the concern viii bring criminal suit
sRsinst those who guilty.
CAUSE OF I'LL FEELING
The thorn which has aroused some feeling be-
tween the attorneys seems TO come from the fol-
lowing assertion which Mr.. Gardenhre admits that
ne IN substance made: Il was sent for by Shell
don & Gwynn. counsel for the company, and was
told that if ] did not produce ;ny clients and have
Them put up more money there would be an eN-
posure that would ruin them"
AIR. Gardenhire's clients United States Sen
stor John j. Jones. Of Nevada, and ex-senator
stephen ". Dorsey. Mr Gwynn said that Garden
hires assertion contrary fact. He said that
no member OF the directory threatened to ruin
either Mr.. Dorsey OF. Mr. Jones. Mr.. Gardenhire
reasserted that ms clients being bounded for
their share Of money received by the sale Of their
stock the concern. simply because they
Were public men. Said Mr.. Gardenhire:
Three months ago Mr.. Dorsey engaged me as
personal counsel for himself and senator Jones; At
that time / was attorney FOR the General Liquid Air
ana Refrgeratins Company a rlval concern OF
the Irlpler company i learned mat me irlpleF
company had disposed OF some S2oO.Vg OF its Sc
curites, the injury OF investors through the
certain members OF the company 10 throw all the
J learned. too. that trouble had existed between
The directors Of the concern for about three
months and that the effort was being made 10
is y; -s,,so3tota 20 H.. conanany The concern
was Incorporated under the laws Of New-Jersey in
February. 1860 for the purpose OF taking over the
numerous inventions OF Professor Charles E. Trip
100000 in shares OF $40 each Mr.. TriIler was made
president, J. b. NJ. Grosvenor, a wealthy man; now
In Europe. vice-president: Henry A hlrkhahl
treasurer and j. b LanGheld secretary Inc pres pres
ont directors are Mr- IripeT, MI GrosNelor; sen
ator Jones' ex-senator stephen w Dorsey. Frank
e,yed 81 O G OF stock for his patents and s. 600
given to the directors, and they received S0o-
900 besides sell for their own benefit. The rest
was treasury stock to be sold.
MR.. TRIPLER's SALARY.
Mr. Jones disposed Of 10 per cent Of his stock
Mr. Dorsey placed the proceeds OF the sale li of MS
TripleT received salary Of Sl2ee2 year He and
teed to pay 5000 month into the treasury. We're
the only ones who made any money Last Janu-
and the concern soon got into. bad way. The
agents out glowing advertisements, which
captured many investors. / admit that my clients
were partially responsible for what the agents did
hut say my clients not guilty Of any moral or
legal improperly. On the other hany. they have
press would be used TO club them. The company
Mr. Dorsey $4,000 for loans, and Senator
Jones has claim against # for 5000
rs it true" Mr.. Gardenhire asked that be-
you interested in rival concern you
oriticise the actions and methods OF the Tripler
company
Not ar ALL" was the reply. II have feeling
against the company. However never really
friendly with il after II the general COM
pany certain patent suits which brought against
il in 1900"
Mr.. Gardenhire said that both Mr.. Dorsey and
Senator Jones were at Los Angeles, the home OF
tho latter. He said they would be glad TO help Mr..
Goldberg find out what had become of his money.
He addec that the company had never received a
stock About four thousand people IL Is said, have
listened TO the pleadings Of the circulars sent out
which promised 400 per cent profit.
The offices Of the company were practically de-
serted yesterday. They were large and well fitted,
were in evidence, but they unstamped.
On the other hand, Mr.. Gwynn, counsel for the
company, said that the Tripler company IN
sound financial condition
1t has little cash hand from the securities we
NlsPostu o. ne SVIAlAGeu Dut ile" anu hleeCid4
machinery VIII arrive IN a month. ano soon there
will how steady income into the treasury. Repu-
table men are behind the company. The project is
a good one Many time l have heard Mr.. Gar
denhire say H Is interested in rival concern.
That is why he rsps the Tripler company. We have
been the New-York attorneys for the company for
six months. / assure you that the standing and
credit Of the concern beyond question. The di-
rectors viii soon find out IL there has been any
irreeularitv in the sale Of stock II is absolutely
untrue that any demand for money has ever been
made on either Mr. Dorsey or Senator Jones"