Evening journal., 1903-07-21
BOARD OF TRADE
GIVES COMPANY
ITS SYMPATHY
Continued from First Page9

be suggested to remove any danger of
this large plant going out of operation
to the consequent injury of our city.
You are respectfully requested to at
tend.
President Lawton stated that at the
request of several persons interested, ne
called the meeting. He said;
I'VE all know that the Harlan and Hol-
lingsworth Company IS large concern
and at the present time pays out nearly
$4,000 monthly in wages II the local
creditors would stop the proceedings in
bankruptcy, the concern may continue
with the hopes Of paying Off the debts.
I'VE are here to see if anything can be
suggested in the matter. / think at any
rate 81 Is our duty 20 be here and show
our sympathy for the concern IN dts
trorbles"
Continuing, Mr.. Lawton said: There
viii DE no statement of the affairs OF the
company tonight l am sorry to say they
are In a bad condition. II local creditors
can prevent bankruptcy proceedings
think more can be paid on the dollar
II the bankruptcy proceedings cannot be
stopped the plant may have to close"
George W. Todd. of the Diamond state
steel Company was called on for his ex-
presslons on the subject. Mr.. Todd said:
~ am not thoroughly familiar with the
affairs. We are creditors to some extent.
! do not think any creditors should force
claims ITO such an extent ns TO compel
bankruptcy proceedings, / think It wise
for us to express our sympathy and hopes
that satisfactory arrangements win be
made at the meeting on Wednesday"
E Tatnall Warner said that he was not
I'm sympathy with the call of the meeting.
In his opinion he said there is not a
creditor who would not give the company
as much time as possible. In concluding
his remarks Mr.. Warner said: 1T seems
We are meddling with other peoples busl-
ness and It Is for this reason that I am
not in sympathy with It."
Bishop Coleman who came into the
room about this time, was asked by Presi-
dent Lawton for his views on the subject
The bishop said that everything that
concerns the business interests Of VIII
mingtcn Is near his heart. He Thought
every business man OF THE city should
be n member of the Board Of Trade. lie
expressed desire that the concern might
be kept in operation and said he thought
that the board could take some action
that would not be embarrassing TO tn,
firm. The board he Thought should not lei
anything slip by If there is a chance t,
keep the concern here. The bishoI
thought the board should express al
sympathy and this idea met with the ap
provn of all present.
President Lawton suggested that tn
board appoint a committee TO confer witt
officials OF the company.
Mr.. Warner, at this point, said:
'I understand the attorneys for tn
company and receivers have a plan Z
offer which they think II accepted. vii
Keep the concern IN operation. That !
why 1 do not think a wise to take an
action except TO express our sympathy.
President Lawton said that one OF tn
attorneys had suggested the meeting o
the Bonrd of Trade and Mr. Warner re
piled that the attorney then should hav
submitted statement so that the boar
could act intelligenIy.
As the plan to adopt resolutions OF re
gret and sympathy met with the approve
of ALL the chair appointed Bishop Cole
man. Il. r. Warner and George w. Tod
the committee and the above resolution
were offered and accepted.
! President Lawton named Howard T
, Wallace William w. Lobdell and Georg
/, s. Capele the committee of the board I
confer with the officials of the Harla
q and liollingsworth Company.