New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-20
a COMPLETE REPUTATION.

wish at this time to state that in no instance
was anything done by in my capacity as
president of the Trust Company of the Repub-
lie which will not bear the fullest investigation
The statements which appeared in the papers
that decamped and have been hiding are alb
solutely untrue, and my presence in the city at
the present time is a complete refutation of
those charges. The allegation that my liabili-
ties are larger than stated at the time of
my assignment is untrue. l also state that
neither my sister. Mrs. John Nicholas Brown,
my brother-in-law, George Vanderbilt are
in any manner directly or indirectly; concernea
in my transactions with the Trust Company OF
the Republic or the United States Shipbulldlng
Company. This has been frequently stated be-
fore, and / wish to emphasize 1t now. The
statement made that the directors of the Trust
Company of the Republic had requested me to
attend their meeting to-day is without founda-
ton. I conferred with some of them on this
subject and informed that my presence was
not required at that meeting. l have assured
them. that if, at any time, they wish any in
formation from me concerning my adm1nlstra-
ton of the affairs OF that company, Will, at all
times. be at their disposal. At the proper time
I shall be ready to answer any and all criticisms
that have been made of my actions as president
Of the Trust Company of the Republic and VIII
also make public my entire connection with the
United States Shipbuilding Company NY OBJ
iect has been and still is, to have the affairs Of
nv firm adjusted. upon the completion of which
I will be in position to deal with the other mat
DANIEL LEROY DRESSER.
TRUST COMPANY STOCKHOLDERS ACT.
At the meeting of the stockholders of the
Trust Company of the Republic yesterday after
noon about 1900 shares were represented OF
these George c. Boldt represented 5000 for the
stockholders committee. Two steps were taken
at this meeting. both of which had been fore
shadowed First il was voted to reduce the di
rectors from twenty-six TO thirteen; second, 1t
was agreed to leave to the executive committee.
with power to act. the disposition Of the Sc
curities CT the United States Shipbuilding Com
pany held by the trust company. The members
Of the executive committee made a report with
reference to these securities. which known
to amount to about So 10000 in which they
declared that they did not favor the proposition
to ask for g receiver for the shipbuilding COM
pany, and did not regard this step as likely to be
wise one for the business Of the shipouilding
company, and therefore not for their interests.
The board Of directors OF the trust company
is made up at present follows: George c.
Boldt, Thomas Crimmins, Stuyvesant Fish, 7. F.
Goodrich j. NJ. Parker, H S. Mckee. F. Y. Rob
ertson. T H. Harris William z. Scarritt, James
B Dill, Archer Brown. Alvah Trowbridge and
L. P. Allen.
A meeting will be held on June 27 at which
the proposition to reduce the capital Of the Trust
Company of the Republic from S1000000 to
S500,000 will be considered. financial state
Inent will be issued al that time.
At the meeting yesterday no reference was
made TO Mr.. Dresser. and it was not until after
the meeting adjourned that Mr.. Dresser COM
municated his desire to meet the Investigating
committee which consists of George c. Boldt,
Stuyvesant Fish and James 3. Dill. 1t was
lOOnu 1hat SuCn a meeting cOuId nor De NelU
yesterday owing to the fact that two of the
committee were leaving he city. It will proba-
bly, take place in a day two Winthrop E.
Scarritt. the president Of the company, said
after the meeting:
The trust company holds cert9in securities of
the sripbuilding company which claimed by
various parties. and concerning the ownership
Of which there is q dispute. and il desires to
have the Sheldon syndicate take over these
securities. and take with the securities
the claims which exist against them
The action of the trust company was be-
lieved by many yesterday to foreshadow a vic
tory for the interests in the shipbuilding COM
pany opposed to the application for a receiver
that is the Sheldon committee. Quite the op-
poste opinion voiced by Samuel Inter
1nyer, who is counsel for the security holders,
who have applied for a recetvership for the
shipbuIlding company.
There can't be a reorganization, and there
must be a receiver. long as one shareholder
desires that said Mr.. Untermyer We want
a receiver and l sure are going to have
one The seizure by the Sheriff of the cruiser
CHATTANOOGA over in the Crescent Works, shows
lust what is to be expected in all the yards, II
the receiver proposition does not go through
Argument on the application for the appoint
rnenf of a receiver is to be held on Monday at
Trenton.