The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-07-21
PHILLIPS ISSUES
CARD TO PUBLIC
SAYS HE HAD INTEREST IN "RAB-
BIT FOOT" SALOON, AND DID
NOT RECEIVE PROFITS ON THE
1.iIUNDS ALLEGED.


| Mayor Ward having charged me with
receiving profits from business in which
l had no interest, namely. the rabbit
Foot" saloon, for police protection to
same, and after demanding of him an in
vestigation in legal tribunal which has
Jurisdiction and his failure to start such
proceedings as would be necessary to, in
vestigate same, l therefore, in order for
the people to be advised of the facts, state
that did have an interest in the rabbit
Foot saloon. as is shown from the follow
Ing contract, drawn by Messrs Weatherly
& Stokeley, in February, 1915, which con-
tract relative to my interests therein is
as follows:
| State of Alabama. Jefferson County.
Articles of co-partnership this day of
February, 1906. between A. o. Lidden, G.
l.. Wade and G. G.. Phillips, all of Bir-
mingham. state and county aforesaid;
"Witnesseth:
II. The said parties above named have
agreed to become partners in business,
and by these presents do agree to be CO.
partners together under the firm name
OF Lidden & Co., in the saloon business at
the northwest corner Morris avenue and
| Twenty fourth street, in the city Of Bir-
mingham state and county aforesaid; said
this instrument and to continue for a
period of five years unless sooner dis
solved.
so. To that end and purpose the said A.
o. Lidden and q. l.. Wade have Dor
rowed the sum Of $1,000 from the Chatta-
nooga Brewing company. evidenced by ten
promssory notes for he principal sum
of 500 each. dated Fee uary %, 1906 and
payable at the Peoples Savings Bank and
Trust company, the first of said notes on
the LIST day of April 1905. and one on tho
| first day of each succeeding month there
! after until all Of said notes are paid:
which said sum of $1,000 has been contribu-
ted by the said A. o. Lidden and G. L.
Wade. acting for and on behalf of Lidder
& Co., for the purpose of purchasing the
necessary stock of wines, liquors. beers,
| cigars. ETC. etc. for the opening of saiG
saloon business and the endorsement of
said notes by said A. o. Lidden on behalf
of Lidden g. Co.. is hereby ratified and
confirmed and it is agreed that said notes
| shall be paid out of said business.
"Fourth-Said parties shall have an
equal voice in the management of said
! business and the said A. o. Lidden and
/ G. l.. Wade shall receive from said bus
mess as salary, the sum of s25 per month,
| payable on the last day of each month,
| and the said G. G. Phillips shall receive
| the sum of $50, payable on the last day of
each month. All expenses Of operation
shall be paid out of said business, but
with the exception of the salaries to be
| paid as herein specified. and the other
necessary expenses of operation. the said
parties shall draw no funds from said
| business until net profits have accrued
to the amount of $500, which shall be
| applied to the purchase of wines. liquors,
beers, cigars, tobaccos and other neces-
sary stock, and thereafter there shall
always remain In said business accrued
net profits in the sum of $500. The net
profits over and above said amount of
$500 shall be divided among said part
ners at the end of each calendar quarter
in the following proportion: A. o. Lidden
to receive 371a per cent. G. L. Wade to
receive 371s per cent and G. G. Phillips
to receive % per cent. All losses happen
ing to said firm. whether from bad debts,
depreciation of goods, or any other cause,
| and all expenses of the business, If it
shall become necessary to put In any
amount above the $1,000 already contrib
| uted. shall be borne by said parties in the
same proportion as provided for the dis
tribution of said partnership, the stock
and other funds then on hand shall be
divided among the partners in the same
proportion as provided for the distribution
of profits"
drawn. signed by A. o. Linden, G. L.
Wade and G. G. Phillips. BY the second
clause of same 1t will be seen that there
were no funds placed in said business
except that borrowed of the Chattanooga
Brewing company. which amount l Sc
cured in this contract along with Linden
and Wade and the Chattanooga Brewing
company have copy of this contract
and hold me responsible for the payment
OF the notes These notes by provision
of the contract were to be paid out of
the profits of the business, and have been
and are being paid out of same. and
hence the part of the profits I was to
receive helped as much to pay same
as any other profits and made me as
much interested materially therein as any
one else. My business was located near
the saloon. l had the house and because
| | rented the same to the company at the
| low figure of $40 per month and because
closed the business at night. l received
salary of $50 as against s25 to the other
partners.
| have realized that Mayor Ward was
preferring these charges to do me a
financial injury and as there were other
people interested in the Rabbit Foot
saloon besides myself, and as I did not
desire to see any one else hurt financial
ly because of a personal attack on me
for personal reasons, l. on last Saturday.
july Is. accented the proposition OF Wade