The times., 1901-03-11
ZINC INVESTORS ALARMED.
Stockholders of the international
Company Fear Losses.

| NEW YORK, March 10.-Stockholders
| of the International Zinc Company, which
according to a despatch from Joplin, Mo,
| has gone into the hands Of a receiver, are
fearful that they viii lose the amounts
! they have invested in the company, and
are threatening trouble for the men re-
! garded by them as responsible for the
| loss Charles A II. Dougherty, of IS
Wall Street. who owns 250 shares of the
companys stock, said yesterday that he
| had received letters Of enquiry as to the
companys condition from fully l5o stock
holders living principally in New Eng
| land. The Companys capital was Si'V"VVO
| in 81 shares. The subscription price at
the outset Mr.. Dougherty said, was 20
cents a.share, and it had been later as
high as s1.25 He estimated that ABOUT
600 had been paid in for stock
The Offices of Joshua Brown d 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
member of the New York Stock EX-
change. There has been talk among the
stockholders Of lodging charges against
Or. Lyman with the governing ccn-
mittee of the New York Stock tN-
change but it is learned that no such
action has yet been taken. 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" G. W. Johnson resigned as presl-
dent a 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 & Co,
auditors and public accountants, at p
! Pine Street This firm made an eXamina-
| ton 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
certificate to that effect This statement
was sent 10 Joshua Brown ~ Co, VINO
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 s, Co. said Yesterday 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 company
books. So on February p l9J' Mr. 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 Perley Morse called on Mr.. An
mans interests in Joshua Brown d Co.
adding that Mr.. Any0n might rest assured
that All was right with the company, as
there should be nothing crooked. Finally
after legal proceedings had been threat
ened. MIR Anyon added the use OF the
name Of Barrow Wade. Guthrie & Co
in the advertisements was discontinued
by Joshua Brown q Co.