The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1910-06-17

r. osition of such great magnitud,
{, Therefore, ! have selected Frank T
n Miller, Esq, who is considered a ma
We'll qualified in matters of this kline
AS to the real worth, when IL come
to assets and liabilities of a big cor
poration, ! consider my self incompe
tent to rightfully Judge shall
therefore, be governed a great dea
l. from the opinion Of my attorney, w
leave on the 1880 p. m. train, Jul,
e 8, and will probably be in your cit,
: Wednesday morning the 7th
. Thanking you for your courtesy 4,
extending an invitation to investigat,
" your company by committee com.
posed of myself and a number O.
stockholders, remain,
Yours very truly,
signed; DR.. J. II. Damon.
New York, July IL, 1909.
To the Stockholders Of the United
Wireless Telegraph Co. and the
American DeF'orest wireless Tele-
graph Co.:
In accordance with the letter of Col
c. c. Wilson, president of the United
wireless Telegraph Co, and my re-
ply thereto, copies OF which are at
tached hereto, I took my attorney. Mr..
Frank B. Miller, and went to New
York to examine into the affairs of
the United Wireless Telegraph Co,
TO satisfy myself and my friends and
clients as to the correctness Of some
OF the reports and statements that had
been and are being circulated about
that company. l took my attorney.
Mr.. Miller, instead of two stockholders
as suggested by Colonel Wilson. for
the reason that he Is a lawyer of
hlgh standing in my community and
| with large experience as an auditor
in my home city.
Upon arriving in the city of New
| York, Mr.. Miller and myself were af-
forded every opportunity by the off,
| GERS and employees of the company to
make every investigation we desired
10 make, and were given the privilege
OF not only examining the factories,
the stations the offices, etc.. but were
also given the privilege of examining
| the books of the company, government
contracts, contracts with steamship
companies and also the personal books
OF Col. G. c. Wilson, the president of
the company. The results of our in
designations can be summed up in a
few words:
F1rst-The factories and all the sta
lions in New York are doing all that
the company claims for them,
Second-The receipts and disburse.
ments Of the company for the past
twelve months speak for themselves.
Third-The company had in actual
operation doing a general business on
Jan, L, 1909, on so land stations and
equipment on lis boats; and on July
/, 1903. there were II land stations
and ITS boats, all doing an actual
commercial business.
After going over the books and all
the matters carefully, have come to
the conclusion that great Injustice
mas been done Colonel Wilson and his
present associates in the statements
that nave been made concerning the
united Wireless Telegraph Co. So
rar as the statements made are con-
cerned, they were based entirely on |
information furnished me which I he
heVed TO be correct at the time but
Whlch / am now satisfied were not |
oased upon facts. AS the result of the |
investigation made by myself and INV
attorney during the past week I feel |
1t is only fair 60 Colonel Wilson and his
associates to say that in my opinion |
the United Wireless Telegraph Co
Is On sound business basis that
IL is destined to be the wireless Tel
egraph Co. of the future and that
colonel Wilson and his associates are
giving their best efforts towards the
upbuilding Of the company, and that
Its success is absolutely assured ~
the management continue their pres
ent efforts.
AS far as any claims against the
United Wireless Telegraph Co,
by the present holders OF American
DeForest stock are concerned, INV ar
torney investigated this matter vey,y
carefully, and his conclusion is that
the American DeForest stockholders
nave absolutely no legal or equitable
claim whatsoever.
Respectfully submitted.
Signed: DIR. J. H. Damon
The following telegram was re-
ceived yesterday
Seattle, via Minneapolis. MINI.
June 16, 1910.
]. r. Blocher. 81 Huntington blk.
Fargo, N. D.
Arrest of Wilson and Bogart move
Of brokers to complete transfer ~
stock Wilson wires he win win out
with hands down. He is calling meat
Ing Of stockholders TO appoint Invest
eating committee to submit report To
congress, q TT pa-Iya.
a-44 D. m.