Omaha daily bee., 1909-01-07
STOCKHOLDERS WOULD Know
Press Question on Railway Promoters,
Who Got the $54,0o0p
QUITE A LIVELY MEETING HE'LL
Omaha 4 entraI Nebraska Railway
Company Elects New Directors,
Supposed to BE n Com
promise Board.

"what became OF the $4,000"
This Is the slogan Of the annual meet
ing OF the stockholders of the Omaha g.
Nebraska Central Railway company, a con-
Germ organized a couple Of years ago to
build an electric line between Omaha and
Hastings. The meeting is being held in
parlor A at the Merchants hotel. Its first
session Tuesday adjourned until evening so
a decision could be had from Judge Kennedy
OF the district court as to whether the pres
ent directors could vote $4,000 worth Of
promotion stock voted to each of them.
Judge Kennedy ruled that they could vote
the stock at this time, but also stated that
when the trial of the case was held on
its merits the entire proceedings would be
declared void. The case was on applica-
ton OF Frank wunderlick of Holdrege to
prevent Anthony Texther, George A. Barr
and Charles II. Deter from voting the
stock.
Nearly 100 stockholders Of the concern,
most OF them Nebraska farmers met at
the Merchants to try to solve the tangle
Of the affairs OF the company and Incl
dentally- to try to find out what
had become OF the $4,000 which is missing.
II developed that $4,000 was collected by
selling stock and only 5000 OF this amount
accounted for.
y iC III NlOublb VI AAC h'S'hhS
when c. ]. Helm of South Omaha wanted
a rerort on what had become of the $4,000,
and wanted to have the matter investi-
gated. A committee consisting of c. j..
kinsler and c. II. Deter of Omaha and F.
e. Schaaf Of Lincoln was selected on Gre
Dental to determine who should be per-
mitted to vote at the meeting.
Contest over Baker Voting.
A contest developed over whether c..
J. Baker should be permitted to vote 500
shares of stock which the directors. Emil
GAM, c. II. Deter. Anthony Texther and
II. NJ. NJ. Barr, had declared forfeited last
September. the action being taken to settle
an alleged shortage of $1,000. Baker settled
that dispute by Withdrawing the voting
privilege of the stock.
An attempt was then made to have a
committee OF five, other than the present
board OF directors, audit the books of the
company. but this question was side
stepped and tabled.
]. w. Eye and his associates, who have
asked for q receiver of the company, said
that IL an impartial board of directors
could be selected and the affairs of the
company handled in a business like way
the receiver suit would be held in allegiance.
It developed in the meeting that the &A.-
900 had been spent in salaries for officers
and in expenses on different trips TO
Boston in the promotion of the company.
At the meeting Wednesday morning a
new board of directors was selected and 1t
is thought the new board will be a COM
promise between the different factions and
that the matters of the company can be
Strengthened out. Henry G. Meyers is at
torney for the receivers.
The new board consists OF F. F.. Brady
of Omaha, William Wunderlich of Holdrege.
Henry Long of Boston. c. II. Fricke of
Osceola, DR.. Barns of Burt county, Frank
Lyons of Holdrege and c. II. Deter of
Omaha.
These new officials were elected yester'
day:
President. H. G. Long; vice president ano
general manager. DR.. s. c. Barnes; secre'
fary. c. II. Deeter of Omaha; treasurer
Henry Fricke, Bruno.