Arizona republican., 1906-10-09

sefll-annually a complete sworn finan- cial statement Eighth: That any. candidate for of- II fee in the Appropriators' canal shall II pledge himself to support the foregoing policies
 Ninth. No person who is a stock holder in the ApprOpriators' canal shall Il act as zanjero on the Appropriators' canal
 Tenth. That the directors elected II at this meeting are instructed to or Il ganize the administration of the com II pany on the same basis as that of the | Tempe Canal company. where the di- Il rectOrs are paid per diem for the time ' served, and the only salaried officers ! shall be a secretary. a Superintendent | and the zanjeros-
 'Eleventh- That copy of these res olutions be offered to the annual meet I ! ing of stockholders on October $ for | adoption After the adoption of the resolutions. | | further unanimous consent was grant | ed for a reading of the report of the ! committee appointed last May to ex- !. | pert the books of the company This l report was read by the chairman. b. ! | H. A. Hughes. and was in substance. ! 1 the same matter incorporated in the !. ! report Of President Fowler. read on J Saturday. except that the latter had some additional facts of later occur l renee In a discussion of this report. J. ?. ! Ivy gave the history of the commit l tees work as he understood it. He said that the original committee con sisted of pr Hughes. Col F. F. Dravo and P T. Mckinney; that Col Dravo left the valley without performing the duties assigned to him and that he Mir Ivy. was appointed to i'll the va cancy; that the committee had never had meeting except once, when two 1 members got together. that it never exported the books. but employed a "jackleg" boOkkeeper; that nobody knew what the company's money had been spent for, as the bills had not been inspected and proved by inquiry of those who presented them. and no engineer had ever measured up the , work done on the canal or inspected it for the committee; and, finally that n ? for one would not sign the report and he did not believe anybody else would
 Grlggs Carr got the floor to say that , many people there were anxious to at tend to other duties. that the principal question Of concern was the vote for st directorate. and he moved 1t be pre- . ceeded with, and all other business tabled
 Before action was taken. Dwight Heard begged for and secured pernis- sion tQ.ask concerning the bills payable of the company. which amount to over S30.00O. What he wanted to know was how this indebtedness was secured ! The president made a reply showing that S20.O00 of the debt was acquired by the notes of individual stockholders. 6 given to creditors. backed by the com 4 pany notes to the individuals. and that srr rru r-I q notes of the company secured by a 1, mortgage on the property, had been given to the individuals An additional S14,0OO of the debt was composed of notes given by individuals and not % taken up through the refuuding process Q and not secured by mortgage.
 7. F. L. Shaw arose to inquire about a certain item of S4S-5O that did not ap- |, pear in the report IT was explained to him. and the secretary read a resOlu- > tion authorizing a credit of this amount i to the treasurer for services and to square the account. MT. Shaw said it , ! was a peculiar proceeding. which led if him to infer that had the amount been s S4S0O it would have been disposed ot ,- the same way
 Dr. Hughes turn came next He said he did not want tor insult anybody or hurt anyone's feelings. but it ap-  no opportunity to throw innuendos and ., cast reflections carrying the idea that "a somebody was a grand rascal or cut . throat etc. His explanation of tho n S4S.5O difference was that the presi- dent and secretary felt sure they had . paid this amount to the treasurer The n latter. MT. Goldman. insisted that Inc knew nothing about it, nor did hi: = bookkeeper. and he was confident h'
 had not received it. The resolution
 was made to square the books. ana
 was so worded that this money should
 be charged Co the treasurer to be cred ited again by the same amount. in liel
 of services. as he received no salary
 The doctor thought this was snal
 enough compensation for the haudlinl
 of $100.0OO worth of business Later
 Mir. Goldman had learned that thu
 bOokkeener he then had was unre'i
 able. and he might or might not hav'
 received the money. Referring to thu
 suggestion that it would have been thu
 same were s4SO0 involved. the dOcto
 said it was unbecoming a gentleman
 and he believed it would be so regard
 ed by the meeting In reply to MT. Ivyi
 comments or the report of the exam
 ming committee, pr. Hughes state that the records would show its dut'
 was to examine the books only, ana
 no one expected the committee 10 Cd
 the work personally, as the member
 had neither the time nor ability. 1t be
 ing out of their line of work Tn
 statement that the man employed C
 do t was a -jackleg'' boOlkeeper Wal
 islander. as the man in question |
 one of the best accountants in tn
 county and is so acknowledged by thos
 who know him and his work and h.
 was employed for that reason H
 said. further, that when the report Wa
 drawn he believed MT. Ivy had had |
 at his house over night. but at any rat
 he had had a chance to see it. MT w
 interrupted to say that he had not na'
 it over night nor had he had gco'
 look at it at any time The doctor sai'
 he was willing to subscribe to it, ant
 he believed MT Mckinney would, a
 he had had it over one night for eN
 animation. The doctor said in closing