The San Francisco call., 1906-04-15

Opposition in Directorate
of Bay Shore Company in
Oakland Scores a Coup
and Sells Out Yard Stock
BUSINESS IS CLOSED
OUT IN A BIG DEAL
Concern of Which San. Fran
ciscan Was the Dominant
Factor Suddenly Vanishes
From the Field of Trade

OAKLAND, April 14-By one of those
clever, strategic moves which give zest TO
the game of modern business, the locai IN
terests in the Bay Shore Lumber COM
pany have unloaded their stock IN trace
and have outwitted the millionaire lum-
herman A. B. Hammond of San francis-
co, head of the Hammond LUMBER CON-
pany and other allied corporations IN SNIP
ping and numbering
There was completed today the sale OIL
100000 feet of lumber In the Oakland
yards of the Bay Shore Lumber Company
to James Tyson, the Alameda capitalist,
who is representing others IN the transac-
ton. This sale represents the Tangible as
sets of the company, worth $Ifo,uoo re
naming unsod was 100000 worth of book
accounts and the corporation stock
The sale was the result of warm con-
test in the Bay Shore directorate. ON one
side was A B. Hammond, who owns OF
controls one-half of the stock. On the op-
posing end was the one-half interest rep
resented by the Wall family of Alameda
and Arthur p. Holland of this city. When
the corporation was formed 1T was agreed
that each side should have two directors,
the fifth to be neutral.
HAMMOND DOMINATES.
Hammonds men were his nephew. +. N.
Fenwfck. who was made president, ana
c. V. Hooper. The local men were X. p.
Mott, representing the Wall interests, ana
A. P Holland. The fifth man was Cap
tain Richard Bradley, master mariner On
the narrow gauge line OF the Southern
Pacific Company. Bradley is brother-in-
law of E. NJ. Wall. who was elected sec
retary of the Bay Shore Company.
The Bay Shores business progressed Ia
vorably and large trade was developed.
AS time went on the company's yards
were filled with lumber bought from the
Hammond Lumber Company until tnat
corporation's s, bill had reached nearly $lov,-
600. This was made possible by the action
of Fenwick, Hooper and Bradley, the neu-
trail director, who for year ana a nan
cast his vote with the Hammond inter-
ests
The time came when the Wall and the
Holland side decided that S,0OO,OOO feet OIL
lumber was too much to carry on the lin
tied capital with which the Bay Shore
Company was operating. 1t was resolved
that sound business policy forbade them
going further. especially as the Hammond
company controlled and could, II IL de-
sired. load them down with lumber. IL
was a case of minority votes against ma
iority votes in the board of directors, al
though the stock was equally divlded.
BRADLEY SHIFTS HIS VOTE.
The local men made a coup day Defore
Yesterday and won Bradley over to their
way of thinking A special meeting OF the
board was called, and in a few minutes
the votes of Holland, Mott and Bradley
determined that the Bay Shore Lumber
Company should liquidate. The sale OF the
lumber on hand in the yards was ordered
and the business wound up.
No sooner was this done than the liam
mond Lumber Company put on its attach
ments for lumber furnished the Bay Shore
Company These attachments cover the
amount due on the lumber account, which
will be paid Monday and the attachments
released. 1t is said that there will be at
least 100000 to divide as profits OF the
Bay Shore Companys operations.
When requested to make statement
concerning the trouble Arthur 2. Holland
said today:
.The Bay Shore Lumber Company has
disposed of it's tangible assets-that is 10
say. its large stock of lumber at its Ad-
ans wharf yards. The corporation STOCK
and its book accounts have not been SOLD
The attachments which followedatn the decl-
sion of the board of directors TO sell VIII
be released Monday, and the entire matter
NAV be considered as closed