New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-04
DENIED BY MARC0Nt CO.
officials Reply to Allegations Of
Henri Gardner.

At his country place. Head o the Ponds.
Water Mill. Long Island, yesterday. John Bot
tomley. secretary and treasurer OF the Maroon
Wireless Telegraph Co, of America, speaking
If the suit brought by Henry Gardner 10 de-
clare the Marconi Company insolvent, and ask
ing FOR the appointment of receiver said:
The allegations u insolvency contained in the
ferrous on the face Of them. The Marconi Wire!css
Ielegraph O. OF Amerle3. owes no G'n I 80 eIIr
Plus in bank. Its aggregate debts are or an m
franklin Bien attorney for Gardner in the action
egun saturiay in speakng Of his client, sal ' h,t
whoever or whatever he may be. he is not man
OF sufficient importance TO have come 70 the notlce
Of officers or directors OF the Marcon company
Taking up the allegations of the complaint IN
detail. Mr.. Bottomley continued:
have not seen the complaint and director
ur officer OF the company has. t0 my knowledge
seen ii. for it was filed last Saturday, when an
the companys officers were out of the city con-
seGuent upon the holidays
The purchase of the patents, goodwin, ex-
perimental stations. etc. was MADE oy the COIL
pany after due consideration. Nothing was
hastily done by the directors. The rights pur-
chased by the company included all OF Marcohls
inventions contributary TO the art OF wireless
telegraphy inclusive OF all patents for improve
ments now issued and hereafter to be issued 10
him by the United States government IN ad-
dition to these patents those OF Thomas A. E1l-
and Michael /. PGpin were purchased ana
by virtue OF that contract OF purchase D0th E.ui-
became
con sulting engineers OF the company. Inc IteIm
In the balance sheet ascTibed to patent. goodwill
and contracts includes not only the above enum-
Grated items. hut also the results or three
years Of valuable experiments which brought the
company its present very efficient state. ana
also the rights of a very valuable going concern
working on a commercial basis, with substantial
revenues In seeking for the motive behind this
action have not far 10 go
have been with the company ever since 1t
was formed and say absolutely. without fear
Of contradiction. that no one as director or
officer Of this company has ever used or at
tempted TO use. or Is to-day using or attempt
ing 10 use or has access To any OF the resources
Of the company. for his own benefit. notWith-
standing Mr. Gardeners allegations to that ef-
feet. I can testify that. the contrary. the
mana cement OF the company IL and always has
been most conservative and careful No action
has ever been taken witt nut due and careful
consideration. No shares Of this company have
ever been given to any director hy this COM
pany nor has there been waste or mismanage-
ment. On the contrary economy and conserVa-
tism have been and the rule. This man
Gardner has never come to me, the treasurer OF
the companv TO make any inquiry whatsoever
as 10 the disnosition OF the cauital of the COM
pany The statement reported to he contained
I'm that document. 10 the effect that salaries to
the amount OF $4,000 paid. is an absolute
lie. The total actual salaries amount 10 less
than one-siXth OF that sum.
At his country place at Southampton Long
Island, yesterday George II. Munroe. of the firm
Of Muuroe & Munroe. managers of the Narconi
underwriters also denied oil the allegations IN
the Gardner suit and added: THE whole mat
ter will como out at the proper tire and place
and the Marconi company VIII need 20 Offer no
apologies 10 the public"
Asked about the suit Of the De Forest COM
pany against the AIarconi company for alleged
libel, Mr. Munroe said: This is the second libel
suit instituted by the De Forest interests against
the Marconi company. The first was brought
v hen the MarConi company instituted its suit
against the De Forest company for alleged in
fringement OF the MarConi patents The in
fringement case has recently been on trial. The
libel action has not yet advanced to that stage"
W. H Bentley, director of the Marconi COM
pany, said: The allegations contained I'm the
complaint are too ridiculous 10 warrant serious
consideration"