The Brattleboro reformer. (Brattleboro, Vt.) 1907-1912, 1909-06-11
LATEST CHAPTER
IN OVERALL STORY
William H. Proctor Avails Of
Option Offered Him.
WILL DELIVER FUNDS MONDAY.
Henry R. Brown, Webster G. Mitchell,
John Knowlton, Clarke G. Fits and
j. S. Martin to Associate with Mr..
Proctor Who Holds Control.

w nau pOlJenus 10 De Ine opening Vi Ine
closing chapter in the controversy between
William II. Proctor and the Hooker, Cor
ser, Mitchell company is announced today
in an agreement reached between Mr..
Proctor and the company yesterday after
noon Just what constitutes the INTERVALS
of the agreement will remain a secret for
some time unless the principals in the
deal see fit to acquaint the public with
the situation. 1t is known, however, from
one of the parties in the new organization
of forces that William II. Proctor and his
associates decided yesterday that Mr..
Proctor would avail of the option he had
to either sell his holdings in the company
or acquire the stock of the present stock
holders Mr.. Proctor decided that he
would buy and while the price he agrees
to pay for the holdings Of the majority
stockholders is not made public in an
official statement as promised, the fact
to the Hooker Corser, Mitchell company
Monday by Mr.. Proctor gives some idea
of the probable amount paid by him to
acquire the balance of the stock.
Mr. Proctor, who will hold the balance
of power in the new company, will have
as his associates Henry r. Brown, Web
ster c. Mitchell, John Knowlton, Clarke
c. Fits and j. L. Martin, Mr.. Knowl
ton recently selling out his business in
JeItSlS Ill lIONcll, NldSS'. W DctoillC q
partner in the new management of the
overall industry in this town. Mr. Brown
will sell his livery business at Northamp-
ton the coming week and for the present
will continue to operate his livery busl-
ness in this place. Whether he will de-
vote himself to an active part in the new
company is yet to be decided
The new concern will terminate further
negotiations with the Schenectady Board
49, 'IraJa in on With tbp nrOnOSpU
locating of branch of the Hooker, Cor
ser. Mitchell company in that city.
While no authoritative statement Is
forthcoming from Messrs. Hooker, Corser
and Whitaker as to what their plans are
for the future there seems to be good
foundation for the rumors atioat this
morning that the company will start a
competing factory here in Brattleboro or
rather that portion of the stockholders
of the company propose to do so. 1t is
not known whether the agreement made
between Mr.. Proctor and the company
gives the former sole use of the name,
goodwill and all other assets of the com
pany.
There seems to be well-defned rumor
in circulation that the present managers
of the overall factory have secured an OPP
ton upon suitable location for the es-
tablishment of another plant.
from interviews with the leading stock.
holders in the Hooker, Corser, Mitchell
company was that Mr.. Proctor would not
avail of the option granted him at the re-
cent conference of attorneys at Rutland
at which time Mr.. Proctor agreed to the
dissolving of the injunction order issued
against the Hooker, Corser, Mitchell com
pany, under an agreement that both par
ties to the suit should have an opportun
ity to either buy or sell their holdings to
the other.
The Hooker Corser, Mitchell company
have a $4,000 check in escrow in Schen
ectady to be applied upon the purchase
price of the site decided upon for the new
'actory in that city. As Mr.. Proctor's |
holdings of $4,000 in the stock of the
Hooker, Corser, Mitchell company gave
lin an interest in this bit of negotiable
paper it is understood that the check will
eturn to Brattleboro to become part of
he assets of the Hooker, Corser, Mitchell
ompany in the settlement which is eX
,ected to take place Monday
The new managers-to-be are not inclined
o make any statements regarding their
oicy but the impression prevails that
eneral shakeup il not the remotest thing
hat can happen when the new regime
axes up the reins.