Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1902-03-10
MIXED UP AFFAIR.
Iron City Oil and Gas Company
Racket Thickens.


Racket Thickens.
Large Bunch of New. stock Knocks out
Plan to Gobble the Concerto Charges
by Conflicting Interests Merry time
Ahead.
The Iron City Oil and Gas compa-
NY held a meeting ON Saturday af-
ternoon and there are two stories as
to what occurred during the meet
ing. At present is hard to see just
what the outcome of the scrap will
be but the company is still doing
business at the old stand and those
on the inside say that they will
not be gobbled. Those on the out
side say that they have control Just
as soon as they can get hold of
things.
One hundred and seventy eight
shares of stock issued on February
goth played smash with the plans of
Col. Frazer and his party who owned
lao shares of the 172 which had con-
stituted the capital stock of the
company up to that time This gave
the old stockholders the majority
when joined to the 80 shares which
they retained.
At two o'clock on Saturday the
meeting was called together by Pres
ident David S. Brewer. The subse-
quent proceedings are given in state
ments made by Van A. Barrickman
and Col J. G. Frazer. Mr.. Barrick-
man said that when the meeting was
called to order Mr. w. K. Given was
named as permanent chairman by
the Frazer party and Mr.. Brewer by
the old stockholders.
A vote of the stock was called for
and the Frazer people put in III
votes while their opponents placed
in 204. H. w Fleming was then
elected secretary without opposition.
A resolution was next introduced by
DR.. Milton Rinehart to the effect
that the stockholders assem- bled rat
flied all of the acts of the board of
directors up to March s, 1902 This
was carried without vote against
it Adjournment of the stockholders
was then moved and carried.
President Brewer called directors
meeting within Is minutes ana it
met then Considerable business
was transacted. Not all of this will
be given out said Mr. Barrlckman
but it was determined to drill anoth-
er well and contracts were made for
the purchase of new piping and a
new eight inch main will be laid in
to Morgantown. The old town will
be enteredby the company.
They will ask that the injunction
issued by Judge Mason restraining
them from issuing any more stock
be dissolved. This will be done at
once. The company expects to hold
the fort and it will not be gobbled
by +. nj. Grant nor any other man.
Col. Frazer was seen by this paper
and had his side of the case to pre-
sent He stated that the sLockhold-
ers owning 1873 shares of the stock
met on Saturday afternoon and that
the other fellows presented 210 of
which IT'S was bogus having been
issued without directors meeting
and in defiance of the injunction is
sued by Judge Mason on February
oath. Ali OF it was dated on Feb
ruary Doth and it plainly showed
that 1t was fraudulent on the face of
it.
The owners of the 1873 shares held
stockholders meeting without the
ow ners of the rest of the stock all of
whom owning good stock were invited
ed permanent chairman and Bryan
Gordon, secretary.
A motion removing the ole board Of
directors was made and carried. A
new board was chosen as follows:
w. X. Given, Bryan Gordon, Will
liam B Gordon. William Hall, r. E.
Guy, j. G. Frazer and L. j. Frazer
The stockholders then adjourned and
the directors held meeting
They elected j. G. Frazer President,
William Hall Vice President and
Bryan Gordon Secretary and Treasur-
er. They then adjourned.
Col. Frazer stated that the courts
would be called upon to give himself
and his associates the rights which
were theirs under the law. He said
that no meeting of the old directors
had authorized the issue of any stock
and that the whole thing was fraud
on its face. The men who are respon-
sible will be severely dealt with.