The St. Louis Republic., 1901-03-17
ZINC STOCKHOLDERS
may RE0RGANIzE.
Committee of Three Appointed to
Consult as to the Best Steps
to Be Taken.
THREAT OF PROSECUTIONS.
Two Hundred Thousand Shares of
the Defunct international Com
pany Represented at the
Meeting.
REPrRLIC SPECIAL.

REPUBLIC SPECIAL.
New York. March 16-Dejected in mien
and sore in spirit about score Of stock
holders of the Inflated International Zinc
Company held a meeting to-day in the Of
flee of Charles a. Dougherty at No. CS Wall
street. Bitter attacks were made on per-
sons prominent in the company. and. after
q series of disputes and conflicting sugges-
tions. committee of three was appointed
TO guard the stockholders interest and de-
wise means to reorganiZe the concern.
1t was n heterogeneous crowd that filled
the two little rooms in Mr.. Dougherty's of
flee. There were present callow youths,
graybeards. Il couple of women and several
lawyers. who represented out-of-town
stockholders. William Speed OF Philadcl-
phia was introduced by the chairman. Mr..
Dougherty, as the largest stockholder in
the company.
Taking legal representatives and letters
from persons out of town." said Mr.. Dough-
erty. I'VE have present stockholders repre-
senting 2e1,op0 shares of the company. Our
first object is to devise means TO pay the
sl5OQO due on the Free Coinage fee before
March 30. to prevent foreclosure. An addi-
tional sum OF $1,000 will then have TO De
paid in ninety days.
Proposes n Reorganization.
'T have received dispatch from W.. K.
Trimble, receiver for the company, at Jop-
III,
of the Free Coinage fee at slOo.voo. AT any
rate, am convinced that the fee Is worth
S550oo, leaving US an equity OF ssS.o0 ,
1T Is evident that we cannot pay even
i per cent on the total capitalization OF
si,Cc0,0o0 of which 100000 shares have been
sold or given away. SO l propose that ma CIV we
1eorganize the company on basis OF 6p,-
OOo shares. or preferably 10000
I'VE might throw this corporation into
sSSm cts f That Would
prevent the sale of the Free Coinage fee"
Jesse Starr. who said he represented Bos-
tom ton st fsi prenosiion ta1Sea
''The receiver, - he said. has telegraphed
that the Free Coinage property Is worth
from $500 to sl,0co week If properly run;
/ hope the company will not be permitted
to 80 into ,rs bankTuP.sy Pesy robbed but not so
much at this end as at the other.
Mr. Starr here attacked four or five men
whom he blamed for the financial troubles
Mr.. Garretson. civil engineer, who said
he was familiar with the property in Jop-
There is not a mine in that district" he
said. that can make money and pay 20
per cent royalty.
Talks of Prosecutions.
Before we attempt to get hold Of any
assets" said James F. McNaboe: a lawyer
of No. So2 Broadway. we want TO know
what has become OF the money that mas
been invested. 1 think we are in fair
way TO get al the bottom of this. am not
going to tell you all the evidence we've
got. but we have made substantial progress
If anybody is guilty of wrongdoing it Is
our duty to ourselves and to the public TO
place the guilt where it belongs"
. Mr. McNaboe went on to say that II he
found grounds for prosecuting any one he
would certainly do so. The books of the
company containing the names of the
stockholders. have not yet been located.
After several offers were made to sub,
scribe sums to raise the urgently needed
sl5.0G0. Mr.. Dougherty. Mr.. McNaboe and
H 3. Schoemaker OF No. Il Broadway. who |
represents several Boston stockholders. /,
were chosen as a committee to meet on |
Monday to consult as to the best steps to I
take in the interest of the stockholders.
John Grant Lyman. the chief organizer of I
the company, was not present at the meet |
ing, but wrote to say he would be glad to |
the company's mining property in Missouri. |