The news-democrat. (Providence, R.I.) 1906-1909, 1908-01-14
PERRY DID NOT ATTEND
MEETING OF STOCKHOLDERS
AS He Owns Over Per Cent of Union Company Stock
Formal Action Could Be Taken Toward Ratyng Reoganza-
ton Plan

There was considerable comment yes
terday and today because Marsden j.
Perry, founder former president and
principal stockholder OF the Union Trust
company. did not attend the meeting OF
stockholders in the institution. called to
discuss the reorganization plan proposed
word TO indicate what position he had
taken in the matter.
The meeting could do nothing in his
absence. as there are only "a stockhold-
ers. 1t is said and Mr.. Perry's holdings
| approximate over 50 per cent, which. at
the rate the stock was quoted at when
the bank closed its doors. was worth over
100000. It's present value is problem
atical. while under liquidation. IL is as
sumed that the stock would be worth less
than it would be IL the receivers plan is
accepted and the bank is reopened.
When an effort was made to ascertain
MIR. Perry's view by a visit 10 his home
last evening. he positively refused 10 say
why he did not attend and was not repre-
sented at the stockholders meeting. or
whether he approved of the reorganiza-
stion plan.
A STOCKHOLDERS VIEW.
Discussing this phase of the matter one
OF tho stockholders said:
While Mr.. Perry was not present or
represented. and there was no expression
from him on the subject of his acceptancc
or rejection OF the proposed plan. the
thought was generally expressed that the
statement by Rathbone Gardner at the
last hearing before Judge Sweetland In
the superior court that Mr.. Perry would
not do anything 10 retard the reopening
he w txfI 20
surrender his stock would not have been
made unless Mr.. Gardner had had some
assurance that Mr. Perry would he will
Ing 10 acquiesce I'm the plan.
1T was the sense of those pregcnt
that they owed a duty TO the public.
To the depositors and to all interested
IN the bank and it's affairs. and this
was 10 do all that they possibly could
TO get the bank opened so that Il
might resume business. There are
but 81 stockholders. OF whom Marsden
j. Perry holds something over CO per
cent, and there were 10 present. repre-
senting approximately 25 of the stock
holders.
80 far as we could ascertain Mr.. Perry
was not represented at the meeting, and
he certainly had no voice I'm the vote
which those present took 10 ratify the re-
FoItMs TO GO TO PRINTER.
About all the other stockholders have
voted as individuals TO ratify the receiv-
ers plan, and this fact greatly encour-
ages the deposltors' committee. which
has been working zealously 20 get the
matter definitely before the depositors
Something definite can be reported 90 the
court when the next hearing Is held on
Saturday, Jan. %, they say.
The attorneys OF the depositors COM
mittce have made the necessary amend
ments to the forms that were agreed
upon last week, and late yesterday after
noon placed them in the hands OF the
printers. A. soon as these arc ready they
will be sent 20 the depositors. stockhold-
crs and other interested parties. with a
request OF prompt action.
As already stated. the attorneys have
drawn up nine papers. tho sfnost impor-
tant OF which is the agreement 10 be sent