Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1902-03-07
THE KREroL COMPANY.

Cnomlcal company are 10 iair way W
immediate and satisfactory settlement.
Mr.. Anderson stated that unless the
officers are hampered by the fling OF
additional suits. arrangements will
have been completed within the next
two or three days whereby ell creditors
will Immediately receive the settle.
ment of their accounts 10 foil and the
company will be 10 position to pro-
coed with the manufacture and sale OF
its product. 1t is said. however, that
numerous attorneys have allowed the
fact TO become known that they are
preparing papers asking for the APP
pointment OF receiver. These they
will file as soon as the present suit OF
Major Armes is disposed of.
The ill-feeling that has been growing
among some OF those interested in the
company found vent yesterday morning
10 az encounter between one OF the
stock holders of the company and Mr..
O'Meara, the manager Of the plant here.
Mr.. O'Meara is unfortunate In having
lost his right hand, but upon being
charged With classifying tho affairs OF
the company be forcibly elected the
man from the Office. The trouble lie
said to have take place at the comDany's
Office here. -.
A further suit against the Kretol
Company has been filed before Justice
10. 8. Bundy in justice Of the peace
court No. /. 1t is IN the interest OF the
Carr. Lowery Glass Company and the
sum named is $4,000.
Moi. George A. Armes, through bis
attorneys, Messrs. Rslston & Siddons,
secured the appointment ofla custodian
| for the books and papers of the COM
pany through attachment proceedings
instituted In the District of Columbia
Supreme Court yesterday afternoon,
and last night at 8 o'clock meeting oil
the stockholders was held, oil which
they agreed 10 employ counsel, and were
completely won over by Major Armes
to his proposition to start the company
anew on 40 entirely different basis The
appointment of a custodian for the
books and papers of the company was
accomplished by Attorneys Ralston q
Siddons, and Justice Bradley issued az
order appointing William B. Robson
custodian.
During the progress OF the meeting
10. w, O'Meara secured the floor and
commenced lengthy address as to the
merits OF Kretol and the certainty o.
che stock holders coming out. with flying
colors in the end. During the course
of Mr.. O'Meara's speech Msjor Armei
entered the room, and almost imme'
iiately motion to adjourn was put and
carried.
Il A crowd Of the women stockholders
headed by Mrs. Crandsll, gathered
about Msjor Armes, demanding t
know why he bad Instituted proceed
iugs against the company, and accused
him of trying to wreck the concern
When the women had quoted down
somewhat the ex-cavalry officer ex
planned that his reason for institutiDl
court proceedings was to put the con
pany on a paying basis; to eliminst'
The officers who desire to sell stock
aud secure men whU would manu-
: fscture and sell Kretol. In short
be said, be desired to pay dividend'
Oh the stock and get rid Of the
, expensive offices and sppurtensnces
1 The address of Maj. Armes completely
quieted the dissension that was mani
fest, and before he had finished speak
ing be had the support Of every WON.
an In the room, and they all apollo
gized for the attitude they had as.
sumed when he first entered.
At this juncture, Mr.. ]. A. Taylor, q
real estate agent doing business at 6ll
F stree t northwest, secured the floor,
and offered to exchange real estate for
. all Kretol stock that any person In the
building desired to get rid OF. 1t was
: noticeable that many OF the women
gathered around Mr.. Taylor and Sc
cured his address for future reference
Rollo w. Browne, the secretary oil
he company, entered the room in
medistely after the meeting, and was
surrounded by group OF sympathetic
women, who offered him their support
During the time he was 10 the room
Judge J. M. Hall, one OF the stock.
holders, read portions OF the report oil
the treasurer and Mr.. Browne, to show
that the company was far from bank
rupt and had good surplus In the
treasury, These encouraging remarks
we're greeted with applause from all
present.
Ia accordance with the courts order,
Mr.. w. B. Robinson, deputy United
States marshal, acting in a personal
capacity as custodian by order OF
Judge Bradley, took charge OF all the
books, papers and accounts Of the Kre-
toll Company yesterday afternoon. A
conference between Mr.. RslstoD, rep
resenting Mel. Armes, Deputy Robson
and the officers of the Kretol Company
was held late 10 the afternoon ct the
company's Offices, aud 1t was decided
not to take the books from the building,
but to lock them up securely In an
upper rear room.
A copy of the written report Of the
auditing committee appointed OF the
annual met ting Of the stockholders OF
the Kretol Company, held January 10
last has been secured. 10 view OF the
complicated affairs OF the company,
the report Is Of much interest at the
present time. Appended to this report
was an extract from the report of the
treasurer, Mr.. Richard Young, of the
Kretol Company, showing that the
sum of$152 ,506.72 had been received
during the year. OF this amount Sl42,-
697. OIL was derived from the sale OF
stock, leaving only sS,3l4.46 from sale
Of product, $1,073.50 from rents. and
$421.75 from professional services rem
dered clients at the New York Office.
Bills outstanding January 10, 1909.
amounted to H,5l013. Relative to
disbursements the treasurer states
The combined salaries OF all clerks and
operatives and employees at the plant 10
Alexandra, and home Office, Washing
ton, d. O., for period from March 10,
1900, TO January 10, 1902, was ST..
547, while the combined expenses of