New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-14
ASK ICE TRUST PROXIES,
President SCh00nmaker Doesn't Be
HeUe Morse Is after Them.

! The report that c. W Morse, the originator and
| ex-presdent of the Ice Trust. would try to gain
control OF the company at the approaching meeting
OF the stockholders on March S. has been followed
by the appearance OF a circular letter TO all the
stockholders asking for their proxies This is
signed by John Greenough and c. I. Hudson of
Wall Street. 1t is ntimated that they acting in
/ the interests Of Mr.. Morse.
| John d. Schoonmaker the president of the COM
pany, was asked yesterday II Mr.. Greenough had
not been formerly identified with Mr. Morse IN the
| organization OF the Ice Trust. Mr.. Schoonmaker
said he did recognize the existence Of an ''Ice
| Trust" but John Greenough was certainly of
the associated with Mr.. Morse in the organiza-
/ ton OF the American Ice Company.
Il do not know that he has any connection with
| Mr.. Morse now" said Mr.. Schoonmaker, land am
inclined to believe that he is seeking control OF the
company rather in his own interests for he claims
| that the American Ice Company Is responsible for
$4,000 Of the bonds OF the Maryland Ice Company
which he represents a claim which distinctly re-
! pudiate. Mr. GreenOugh constructed the Hygeia
Ice Manufacturing plant. now known the Mary
land Ice Company. in Baltimore He operated it till
1t went into the hands OF receiver. He then be-
came in way. connected with Mr.. Morse and
this Maryland ice plant sold TO the Knicker-
booker Ice Company, OF Maine at pretty hand
some figure.
About this time Mr.. Greenough was director
in the Consolidated Ice Company which practical
ly controlled the Knickerbocker. Later on the
Knickerhocker. together with the Consolidated Ice
Company. merged into the American Ice Com
pany. and Mr. Morse elected it's president
At the time the Maryland company was sold by
Mr. Greenough TO the Knick 9rbocker or to the peo-
pie who sold 1t to the Knckerbocker. there was
bonded Indebtedness of $50 900 the plant Those
who know all about the transaction insist that at
time did the Knickerbocker the American Ice
Company guarantee these bonds. The property
taken individual might take over
a piece of real estate subject to a mortgage. with
out giving bond TO pay the mortgage. At the
time of the sale of the Maryland plant to the
knickerbocher Mr.. Greenough In such con-
troll. associated with people in such control
of the ice interests that he was practically both
the seller and the buyer of his Maryland Ice Com
pany plant. What moro need 1 say to the stock
holders whose proxies he has the assurance
to ask for?''
President schoonmaker showed copy OF cir
cular letter signed by the entire board of directors
of the company. which is being sent to stock
holders. reciting the facts regarding Mr. Green
ough's claim against the company and the latter's
reputation.
Said John A. sleicher chairman of the stock
holders committee of the company. last night:
A number OF stockholders have already written
for the annual I'm meeting Some Of them have writ
emanated from the stockhoIders' committee md
l have told them that any proxies sent TO the
seeded by later proxies that might be sent to the
arc am satisfied that the
on the company and to insist that the management
TINS year Snal conduct the companyS affairs
purely business and not Wall Street or specu-
latiVe basis.
The stockholders committee has not yet sent
out requests for proxies. the annual meeting
viii not be held for almost two months TO come.
If there is TO be fight for the control OF the
company, you depend upon 1t that We will be
there when the fight takes place. l have no
indications that C. W. Morse is seeking regain
control. and have knowledge whether or not
the Greenough syndicate represents him in the
matter l am satisfied that it does not represent
the stockholders. and. considering the claim that
GreenOugh has against the company. a claim
which | believe is justly contested and properly
repudiated think it the height of assurance for
him to ask stockholders to put him in control OF
the corporation. Some of the stockholders may
be fools part of the time. but they not all |
fools all of the time by long shot.