Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-04-11
ASKS REMOVAL
Of Receivers Of The New
ENGLAND Investment Go,
Manchester, n. H., FlnancleF
Defends His Company.
De champlain Lays He Sought to
De champlain Lays He Sought to
Aid French People.

! Bingham Of this city and Burns +.
| Hodgman of Concord We're made re-
| ceiyers last Thursday, says the plain
tiffS stole a march on him in the Unit
| ed States circuit court While ne was
| absent on a business trip. He declares
| the company was not represented IN
| court at the hearing. as he was not
! aware of the action.
| Mr.. de Champlain added that his
counsel will ask for the discharge OF
| the receivers. He made detailed
statement Saturday in reply TO what
| he said were Interpretations and mis-
representations that had secured wide
| publicity.
1.-The allegation" he said, that l
have personally profted at the ex-
pense of the company or its stockhold-
| ers is most unjust. When money was
| short ! mortgaged my home and put
| the money into the company, as well as.
all my earnings, l have not enough
| money left to pay my personal debts.
/ was sued Friday for bill and must
| borrow money to settle it.
"A few weeks ago a grumbling stock
| holder intmated to me that 1 might
| turn my stock into money and get out,
| leaving the shareholders in the lurch.
| I asked that a committee be appoint
ed to take my stock and hold it where
| they would know / could not dispose of
it, They did so and have here the re-
| caipt of T. Gabriault of Salem, Mass,
who is the custodian Of the stock
| Regarding the origin Of the company
| he said the charter was that of a con-
| Germ that had failed in attempting to
| ~. Obi la
| tires Under the new name the COM
| pany was authorized to deal in real es-
tate and other properties under the gen
| eral law.
His program, he added was laid before
French people. whom he urged to follow
| other natonalities in supporting business
| projects instead of spending their money
| on amusements, if they cared to advance
| The Italians, he says, came later than
| the French and are now ahead of them
| largely through their business enterprise.
Il did not guarantee 10 per cent. divi-
| dends. I told them that | could not
| promise what we would have tomorrow
| but ] pointed out where the corporations
of other nationalities had paid 40, 20 and
80 per cent. dividends and asked why we
| could not do as well.
| LAS to the charge that we nersuaded
laborers to put in all their wages. we
never forced anyone to pay They invest
ed such sums as thew chose We never
asked am investor to sign any paner or
assume any obligation which would
| force him to pay longer than he desired
| TO pay
| "The fact that $500 70, q, u,ae ,eo.i,,o,,
| from the sale Of etocl, doae not noou
that there was AM ova,issua rruoh ~
| this stock sofia az. bi,h ~. 60 ~, to,o
| or at 200 nor ca,,t II, ", III a,,
was from the nran,i,,,s ~ stoa,- IA
| above mar thar tha a,,,o,,,, .aoo;,,,, ,,,aa
| 81 larna
AS . m,ttnr ~ ra, az ooo
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nation thai diviaonas woro nai,1 fnar,,
| new subscrintion. i. r,I.o An A.;
dends mid wore n,i1 frn,,, oroft, ,,,,Io
| in orr businees
| ..It is urtu,o tot NO ,oo, ,,.-.
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Belknan Mills Cornoratio,, ,,,a p.. '.,,
| 1ullichino 70
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| nonies
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| 49, To0'oo iiSi'
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az ~ VI ~ N'''oe Will Si'oo4'-
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| "V 1.'i'N' 70" ichi'i's ~ AZ rro-
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