The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-11-02

information about It's AFFAIRS, Justice
Clabaugh. Of the District Supreme
''The courts will NOT tolerate such
dealings In corporations. ] do not be-
lieve a word that bqApeen said, and 1
am prompted 10 se.L on To jail for a
long term HOWeve = will give you
week In which 10 p zee the books OF
the National LumbeI Anpany."
This remarkable ID ors memoran-
dunn, Mr., Partridge in his answer
20 Rev. Hannans peTrr-Sn, went To the
directors OF the Southern Consolidated
Milling Company only.
One of the Directors.
ar. Smith, a member of the House
of Representatives. is one of these di-
rectoTs, and consequently was probably
the recipient Of document, saying. in
part:
I'VE have no debts
"The Southern Consolidated Milling
Company is not a sUOckholder ia the
National Lumber Company or the Han
THE Southern Consolidated Milling
Company Is 20 work"
Then followed q list Of stockholders
and others against whom the directors
were warned. inasmUCh as il was said
they would probably seek Information.
Continuing, the directors memorandum
said:
Give no information to any one
except stated above.
Say you have forgotten, IF you have
/ that's aili If they want papers, they
must be lost"
I'm mentioning the people who prob
ably annoy directors for definite in
formation, the following Illuminating
paragraph occurs regarding two Of
| them:
Got Stock Cheap.
cot these above named parties, only
| two of them. Hannah and French, paid
or bought any treasury stock. All the
| rest traded cats and dogs for theirs
through a third party"
II should be borne I'm mind that Rep
reseutative Samuel W. Smith, holder
OF free stock, and also holder Of a pO-
sition of trust from the people Of the
Sixth Michigan district, was one OF
the directors for whom Mr. Partridge
promoter says this memorandum,
marked private" was made.
What It Means.
That is. if the priest who was trying
TO recover $4,000 he thought was honest
ly invested, lie should be told by Rep
resentaIIve Samuel W. Smith. a nation
al lawmakeT and chairman OF the House
/ Committee on the District Of Columbia,
that he had forgotten" or that "the
books must be lost"
sued 10 the voters OF his district last
week. cries despairingly that the cor
porate interests" through The Washing
ton Times, are trying 70 encompass his
defeat
Significant iu the whole extraordinary
transaction is the showing that MI.
Smiths example iu accepting the GIT
stock was not followed by other public
men. Certificates were issued 10 two
Senator'S. one distinguished prelate, and
one Judge of the Supreme Court OF the
District none of whom saw tit TO re-
tain it, Mr. Smith did retain his, and
is found so late as the past summer
actively engaged ~ an attempted com
promise of the affairs OF the company
whose promoter is now under indict-
ment and heavy bond.
One Returns Stock.
Another holder Of free stock. rendered
him for services which he supposed he
would be asked TO render, sixteen
months ago. returned II because he
found that as treasurer he had no du-
ties TO perform. Says this man, then a
1 felIow-dirCCtor with Mr.. Smith. IN his
letter Of 'gEatiOu.
Il have hal no duties to perform since
becoming treasurer and there seems 70
be no reason why tie duties Of the treas
UreT cannot be performed by the sec
rotary.
''InasmuCh as the stock which I now
hold was EiIen 10 me with the uuueI-
standing mat il was to be for services
performed. and as I have performed n
| services. do not think il would be right
to continue holding the stock. so sur
render il and inclose 81 herewith, namely,
sixty shares OF preferred and COO shares
of common.
THOMAS 5. HOPKINS"
Publishes Report.
The Times published yesterday a copy
Of the annual report Of the National
Lumber Company. filed with the Record
| ct Of Deeds OF the District, january Is.