Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1910-04-14

National. q French daily newspaper in
Manchester. was elected vice president
of the New England Investment com
pany August 26. by virtue Of en- In
vestmcnt OF a certain sum of money,
md by the same token, Victor Roy. q
Manchester undertaken and milk
dealer, was made secretary. and A. l..
Gadbois, treasurer. on October 81.
"rhis is tho first large money re-
ccived By the company" says Ne. la
Paine, who adds TINT because Of this
Investment. he and Bcrgeron withdrew
from office temporarily. but continued
on the board of directors
START ICE AND COAL COMPANY.
At that time it was voted 10 place
10000 additional shares on the market.
and November c. 1896. the ice business of
j. H. Butterfeld, Manchester, was pur-
chased for 5000, ,hc Manchester Coal &;
Ice company resulting, Victor Roy, gen
era manager.
on the Bird OF that month Champlafn.
rs president and general manager Of the
company requested the resignation Of
air. Paine. and succeeded him as general
agent of tho company, thus paying to
himself the % per cent. commission for
the sale of stock.
According TO the minutes. there were
many changes In tho management of
the ice company. and also the record that
n, Januorv s 1907 the last note with
interest OF the Indebtedness to Cham
,lain TO- the 1,,.mpn land was paid This
payment amounted to SSH
ctr.<c,-c ~ D1prCvrO-,v
mere were "a''E ch"'se' N tne oi-
Df the from time
''.,o ,,5 ar"ord,nr, - ths r,i ,,
these directors and general managers of
the various properties held by the COM
pany, resigned from the company after
more or less short terms OF Office.
on December 30. 1907, semi-annual
dividend Of 10 per cent. was declared
and the shares increased from 81 to
81. Because Of reaorted disaatisfac-
ton. February e. the directors voted
10 buy back any shares offered. but
on March 3 mt A restriction on this,
declaring ,that shareholders must have
held theirs six months before they
would be bought hv the company IT
IS said tba, SOS ooa was nnfd ont for
these shares
Another dividend was declared July
a. 1903. this time five pcr cent. semi
annual and the shares wore Increased
IN 800
October I the companv purchased
from =. n. Cossette of Lowell. Joseph
Ia R,ne of Nashua and other share
holders. the Dunstablo Granite com
ranv for 500 mn in shares If tho New
England Investment COMPANY and in
.bs Same month the 18TH. bought CON
troll Of the American Picking company
Of Providence. a 100000 corporation.
c,,,crD NEUTRALITY-SUSPICIOUS.
N'-Ai'''h'i' vi ''-'' ''''
For $40 shares OF TINS pickle com
pany, par value SloV' the Ne" Eng
lana company paio "-''ooo' anu '"
para az the rate OF -" snare l"t 'n'
remaining S'o.N' az ps
counanv THIS now companv wa:
purchased from Stanislaus Fourier
who was made n director in the hold
ing company. In the meantime, Roy
and Bernier and Gadbois had resigned
charging the company with misman
agement. and Bergeron had been re
placed as treasurer
Rerner, as proprietor O. hii newspaper
had not been sparing of the New Eng
land company and its business methods
and Champain had entered the news
paper field to take exceptions to the state
ments made by Bernier and at the sam'
time restore possible lost confidence II
the Champain properties
November II, 1905 the New England IN
vestment company bought the ReVei
Publishing company. the concern operat
ing this Champaign newspaper ana ON
ers, the Manchester paper n'clns lie re
veil. The company also owned l. Elolle
Lowell DAILY, ana lie courier OIL La"
renee.
121-2 per cent dividend was declared
January b, 1879. and the directors voted 'e
increase the shares TO ~ e@ch' AT th'
same time voting to carry no insurance
,,-., ,, -
!,
Then' according TO 'he minutes, 'n'
h"idlnS company pousht from d. l.
MORN d 60. Manchester hosiery mills
and from Mr.. Marshall OF l'aconii
tho properties OF tina Belkap MIL
company, forming from both acquisi
tons TN" Belknap Mills corporation