New-York tribune., 1903-06-10
IRE AGAIN after COLER.
Broadside of Three Dissatisfed
Guardian Trust Co. Directors.

Inothsr attack following those that recently se-
ceiyed prominence, has been made on Bird 3. Coier
as president OF the Guardian Trust Company ~ tne
directors OF the concern who dissatisfied with
him, and who out OF total OF thirty. number three
Two Of these three directors recently failed Of re-
election as SECOND yieepresdent and general coun-
sci OF the company. In a long printed articls al
dressed to the stockholders they speak OF ugly
rumors" and reprint letter from one OF tn-r
number to Mr.. Coler saying that this eonoiuon o.
affairs Is not only improper. but scandalous
Three men, the circular says. had obtained SUB
scriptions aggregating IS per cent OF the STOCK OF
the Guardian Trust Company allotted at tns COM
pany's organization These men were z. C. Brown.
until recently second vieepresident Of the company
David Bennett King. formerly general counsel and
George r.. Morse who 'it was generally understood
was to be president" Mr.. Morse. however, declined
the place the circular thus explaining his reasons
asssrtainsd that at ,ds Mr. noFsss oT ss
at once sprung his name upon the COMMITTEES As
ststsena that 3 aSger capital vas nsede Or
large and proftabe business which Mr coisr could
made that II Mr. Coer could be Induced" TO aesept
,he presidency ne o w04d sS nIs ana pay m ar Of he
proposed Increase OF the capital stock rom $1,000
amount az provided the Original srockhod.1s would
Increase and permit him and the associates whom
he should name to have the entire amount Tns
sommttss on 6 & Sg tssss @
Mr. Coler was Immediately elected president
AT a meeting OF the board held on March u.
the circular says the decision reached 70 rs-
ducs the capital stock and surplus Of the com
pany from 100000 TO 100000, the original tas2i
and a resolution adopted appointing eomaN.
tee Of directors to consider the condition OF the
company. The circular continues:
ThereuPon NJ Brown addressed nin.s,e to n, NJ
IN the hands Of the subcommittee"
Mr. 6 f9er ssas ssg for bJ te S board sri 6f ~
: Mr.. Brown answered: That won't do Your cor
duct justffes the demand l now make on you sor
Eo1er SSIg sepiied II viii give my resignation when it
is deqsndsd BY the e1eeys .i5 ON 6s cesp. ~
now demand that you place your written ressaa sl
ton In the hands o. r. w Jones. 1r = - Hso.a ossa
on by the board OF directors OF this company at
me 9Fnea sf to the MIR BFoWS and 1
This would ruin me and blast my future Do not
Win give yeA It When the executive COMMITTEES calls
for it," Mr.. Brown replied:
patton must d BE given now tG ISs1 s pses.nsd
ing IT, MI CoIer again PLEADED NOT tS Be 6 sorcs6
Mr., -coler. can we rely upon your promiser, Mr
Exchange; Mr. Parker and Mr.. Chapman are mem
SsTs Ss Sf I Fix a4d TO and so shey night
we'll get out Of the Street My future Is here. snd
~ Ra neg 5 ruined an s5 fan r f ksS c5e nay T
in good faith your promise. and viii not ask f2r
You viii now agree in the presence Of these gentle
men. who will be witnesses to that promise thst
mand Of r ". Jones. jr.: f. G. Brown and 3 Ed.
mebeTs merd Of the or nn that has just been
appointed but individuals. write your resigna-
of that the same Be aecepted without de-
lay Will you make make this Is prGmise' .f2T
The meeting then adjourned.
On April 80 Messrs Brown and Fallows asked
Mr. Coler to place his resignation in their hands