The Providence news. (Providence [R.I.]) 1891-1906, 1903-11-20
SUBSCRIBERS
WANT A
CHANGE
Holders Of U. S. Realty & Con.
StructiOn Co. Stock DIssatis.
fled with Management.

New York. Nov. 20.--The dissatisfaction
which has existed for long time among
the more conservative interests connect
cd with the United States Realty and Con-
struction company on account OF the man
agement OF it's construction department.
the Fuller company. eliminated yesterday
In an appeal TO all stockholders 10 CO.
operate with these interests to ef-
feet an entire change in the man
agement. The apparent friendship of
the management OF the Fuller company
toward Sam Parks, the convicted walk
ing delegate. as brought out In Parks
trial, was particularly distasteful 10 a
number or directors and led largely to
the present action.
James T.. Hyde A. d. Julliard. IT, p,
Olcott James Speyer and James Still
man, the most prominent interests in the
Realty company. have issued as a stock
brokers' committee circular to all
stockholders, asking them TO cooperate
In making radical changes in admins
tration Of the company and especially in
its construction department" by deposit
ing certificates OF stock with the Eauita-
bic Trust company of rs Nassau street
on or before Dec. Is.
AIMED AT MCCONNELL.
When James III. Hyde and Charles III.
Tweed OF Speyer & Co became members
corporation. some months ago II was ex-
pected I'm Wall street that changes in the
company's policy would result.
The relations I'm the Parks trial which,
apparently. brough out the fact that
Parks frequented the office OF Judge S.
r. Mcconnell. the President OF the Full
Ter company, ard that that company had
cashed one OF the checks ordered by
Parks through alleged extortion stirred
the wrath OF the prominent hnanciers
connected with the Realty company. IL
is an open secret that the part OF the
radical changes I'm the administration.
especially I'm the construction department"
the Fuller company is directed at
Judge Mcconnell and Harry 3. Black.
originally OF the Fuller company and now
chairman OF the board
The Widespread comment on the evil
dence adduced at the trial OF Parks Is
undoubtedly referred to by the committee
when II speaks I'm the circular OF securing
FOR the company 'the confidence OF the |
communities I'm which It's business Is to
be transacted"
FAILED TO MARKET STOCKS.
Other causes OF dissa satisfaction lie In the |
market the company's stocks proftably. |
much OF the stock and very little cash |
,eing returned 10 the syndicate members, /
mo ma the passing Of the last dividend on !
Both stocks were strong yesterday. ap- |
Darently in anticipation of the good re- |
suits TO follow the action OF the com
nittee.
II was recalled yesterday that the Full |
er company. I'm addition TO its troubles |
With the labor unions here. one OF which. |
he strike OF the brfcklayers. has at last /
,een settled. is engaged In litigation over
Is claims for work done. There is a |
llspute over the Macy building. by which |
5000 or so is held up. and similar dis
nd he tr.to
ees OF the Union club building. In the |
rick case. which has been In the courts |
or moro than "A year, building worth |
s.S00,Ow was put up for Mr.. Frick In /
Mr.. Frick disputes claim |
or more than 100000, asserting that the
york is not according to the contract. lie |
olds that 1921 is a proper sum The
ispute about the Union club building Is
ver an outstanding claim OF $4,000
The Fuller company has engaged large
Z In speculative building for years. one
Z the largest OF the buildings erected for
he company being the t1atiron building.
there the company occupies a floor as
fftccs