The Providence news. (Providence [R.I.]) 1891-1906, 1902-11-01
ARTICLES or
incorporation
New B. \. GIaddlng Company
Obtains Its Charter.
CAPITAL STOCK $4,000
william Armour, James Cannsll and George
Miller Of Durshsstsr Nam,d as tho
lncorroratuS
CAPITAL STOCK $4,000

Following the sale OF the stock of the
B. H. Gladding Company yesterday af-
ternoon to John NJ. Rosevear OF New
York, who IL Is said bought the store for
william Armour articles OF incorpora-
ton were taken out at the seeEetary-o
states office later in the afternoon. The
articles read as follows:
That we, William Armour OF the city
and county OF Providence. I'm the state
OF Rhode Island George Milne OF Dor
chester, In the county Of Suffolk. In the
state of Massachusetts, and James Can
nell OF said Providence, all OF lawful age,
hereby associate ourselves by these writ
ten articles, entered into this 3lst day OF
October, A. ID. 1902. and agree TO consti-
tute an ordinary business corporation
under the general laws OF the state OF
Rhode Island.
The name by which said corporation
shall be known shall be B. II. Gladding
Dry Goods company.
said corporation is constituted for the
purpose OF manufacturing. buying. sell
Ing and otherwise disposing OF dry goods
and other kinds OF merchandise. and for
the purpose OF transacting any and all
business connected Herewith or incident
al thereto.
LOCATION IN PROVIDENCE.
said corporation Is to be located in the
city of Providence. in the state of Rhode
Island
THE capital stock OF said corporation
shall be one hundred and thirty thousand
dollars Cs130.0O0). divided into thirteen
hundred d300) shares OF one hundred dol
lars (s1o0) each. all OF which shall be
common stock
said corporation shall have the right.
In case OF sale OF stock at any time by
any stockholder. to purchase said stock
at the lowest price at which said stock
holder Is willing TO sell, before the same
shall be sold by said stockholder to any
other party; and said corporation shall
have ten Q0) days after receiving notice
in writing from stockholder OF his inten-
tion to sell and the lowest price at which
ne IL willing 10 sell within which to ex-
ercise its right to purchase such stock.
The document Is signed by William Ar
mour OF Providence. George Milne OF Dor
chester. Mass. and James Cannen OF
Providence.
AT the creditors meeting last Tuesday.
Mr. Armour made bid OF s105,oo0.
which the creditors refused. IL was said
at that time by Mr.. Spring that II was a
serious mistake not TO accept the bid,
and the price for which the business was
sold yesterday showed the gentleman to
be right.
OLD CLERKS DESIRED.
Mr. William Armour who is the chief
mover in the new corporation after the
result of the bidding had been announced
addressed the large number OF clerks OF
the store who were present and told
them all TO stay with the company and
go to work.
IL is stated that Mr.. Armour will be the
manager OF the new company. Yesterday
he announced that the store would prob
ably open about the middle OF next
week. He spread good news among the
clerks OF the store that all who wished 10
return to work could take their former
positions.
Mr.. Armour wanted all the old help.
who were present to remain and 60 to
work as he wished TO get the store I'm
condition for business as soon as possi-
ble and stated that he hoped all the old
force would return TO work at once.
He said that he would announce the
day OF the re-opening OF the store within
a day or two, and that the store would be
running the same as usual within a
week.