El Paso daily herald. (El Paso, Tex.) 1881-1901, 1901-01-21

|
best papers in the east and would not
Intentionally misrepresent any one in
terest but the Herald got the facts
badly mixed in this case.
Briefly" said Mr. Flower, 1.-The facts
pertaining to the Arizona and Eastern
Montana company are these:
After the Arizona and Eeastern
Mantana company was organized and
three-fifths of the stock disposed of.
the remaining two-fifths of the stock
was brought to the house of r. G..
Flower & Co., by the directors to sell.
| Our house made a contract with the
Arizona and Eastern Montana COM
pany to act as their fiscal agents and
! sell their stock on commission. The
larger proportion of the stock we sold
from 50 to So per share. Neither my
self or the house of r. G. Flower &
Co.. was ever on the directory nor
ever held any office in the company.
From memory l would say that
we sold a little less than $500. 900 of
stock. For this we received our COM
mission and not another dollar. Mel
Their the house of r. c. Flower & Co..
or myself has ever owed the Arizona &
Eastern Montana company one dollar;
on the other hand the books show
that they are largely indebted to the
house of r. c. Flower & Co. 1 have
always had great faith in the value of
the mines of this company and I be-
lieve today that the Lone Pine mine is
one of the richest and most valuable
mines in Arizona and that of all the
great mines in central Arizona it is
second to the United Verde.
Our house was one of the largest
buyers Of the stock and bought it long
fn
idends. We have our friends in the
company and have done all in our
power to protect the interests of all
alike and shall continupe to do so.
The difficulty has been that a few of
the stockholders have insisted that
they be especially taken care of to the
detriment of the other stockholders
interests OF course these PROPOSE
lions were rejected. for we have insis-
ted that all stockholders should be
treatel alike. If cool judgment pre-
walls. the Arizona & Eastern Montana
company can be quickly reOrganized. |
and soon be in a better condition than |
before. l see it stated in the Herald |
that the company paid only three |
monthly dividends of two per cent
This is an error: | know they paid five |
Or six dividends If not more.
How about Messrs. Logan. Demond |
and Harby's claim for s22 900 against
the company?" asged the reporter
This claim said Mr. Fowler. sis a
claim for professional services. 1t was
disputed by the directors of the COM
oany On the ground that it was too :,
arge for the services rendered. But
f the reorganization is effected all
claims will be equitably settled"
do you know the law firm of Lo-
gan. Demond & Harby?''
Mr.. Fowler laughted and said that
lie ought to. they had been mis- attor-
levs for several years.
"All there is about the turquoise
said the doctor in reply to |
n inquiry concerning the acquisition
# that property by his son, lis this:
The company paid a total sum of S.
90 cash and 81 900 shares of stock for
he property. They were about to sell
t for 10000 shares of stock. consider :
ng it good sale. when A. ID. Flower
ffered for his representatives 40 900
hares of Arizona e Eastern Montana
ompanv stock and got the property.
he A. r G NJ Co.. never spent dol
lr on the property and never paid any
~ ention to it
that Won left the Waldorf Astoria |
everal months ago and could not be
Dcatod. Is this correct?''
THAT statement" renlied the doc
lr. was for sensational PURPOSES on
:. have sene hundreds of the stock J
olders in the last month. did not
ave the Waldorf-Astoria until the
LIST of last month. at the end of nv
ear. I had bene there for nearly
1ree wears and we all felt that we
'antnd change" Z
What do you think are the proba-
ilities of a sncreSSfnl reorganization
this comnanv?" asked the reporter.
Il understand that a majority of the
-ockholders favor it. If this orga-