The Birmingham age-herald., 1910-11-17
ALL PEACEFUL NJ PROVIDENCE COMP ANY New Directors Friendly To All
 Interests
  NAME OFFICERS TODAY Regarded As Likely That W. H. Wood ward or J. V. Allen VIII Become
 President-Statement Made
 By Grove and Allen
NAME OFFICERS TODAY

Fly NrOWe and Allen
 A meeting of the stockholders of the 1 Providence oil and Gas company was l held yesterday afternoon in the Cham Der of Commerce building at which were elected four new directors, agreeable to all the partisans owning stock in the com pany. With the election of the new di- rectors 1t was announced by pr. G. B. Grove and Capt. J. V. Allen, who have been opposing each other, that the action was agreeable to them and tranquility once more reigns among the owners of | the Fayette gas fields.
 | The directors elected to i'll the places l upon the board include some of Birming- hams most prominent men. They are Emmet Collins of Collins & Co.,, Eu- gene L. Brown of Brown Bros. & Co.,, J. Frank Rushton of the Birmingham Ice factory and Harry W. Coffin The new directors will be associated with J. L. Davidson, w. F. Hanby, Jr., and Harry w Davis of Delaware in the manage ment of the affairs of the company l In addition to the election of four new 1 lutions thanking Dr. Grove for his work in the pioneer developing of the Fay cite field, authorized the directors to elect officers and also authorized the sale of certain treasury certificates at a price offered by Capt. J. V. Allen and asso- | ciates.
 The Morning Meeting l The stockholders gathered at the Cham Der of Commerce for the called meeting
 yesterday morning. However, Forney Johnston, who presided, announced that 1 the committee had not completed it's labors and an adjournment was taken until 3 o'clock. At that time the meeting was acquiesced in by Dr. Grove and Cap ston Talks were made by pr. G. B. Grove and others. It was explained by Dr. Grove that certain transactions made by him were perfectly legitimate. and they were explained minutely in crcu- lar that he issued and offered for the in- spection of all.
 Shortly after the talk of Dr. Crowe the directors were named and this action was acquiesed in by pr. Grove and Cap tain Allen. It is stated that the new of- fcers of the company will be named at a meeting to be held today at an hour not yet agreed upon. The meeting de- veeped the utmost harmony. apparently. and no criticism or harsh words were heard Tie various litgants who have stirred up considerable trouble in the af- 1 fairs of the company have. it is said agreed to modify their claims and dismiss all pending litigation.
 Captain Allen and Dr. Grove. who have been opposing each other In perfectly friendly way, both stated yesterday that they were interested in serving the Rir- mingham district and whatever action was taken by the minority owners of the company would meet their hearty ap- proval.
 The news of the election of several prominent business men to the directorate of the Providence company spread rapid ly over the city yesterday As result the shares of the company began to go upward, and when business closed yes- terday those interested said quotations on the shares had increased very ma terially since harmony once more pre- vailed in the ranks of the company
 Eugene l.. Brown, one of the new d- rectors, said last night that he did not wish to appear too optimistic but that he was convinced that harmony in the Providence was the greatest thing that has occurred in Birmingham recently, provided the company had the gas at Fayette which every one believes is there. He said those who offered to buy and who will buy the treasury stock represented millions, and that pipe line would be the next move in the affairs of the com pany.
 Probable Officers After the stockholders meeting yes terday a short meeting of the new di- Iectors was held. While no intimation has been given as to the new officers of the Providence company, it was stated that either William II. Woodward or Capt. J. V. Allen would be elected presi- dent. It was stateI that Captain Allen represented heavy owners here and else where and was in close touch with con ditions. Ii was given out by others that probably MT Woodward would head the reorganized company.
 Captain Allen Talks q have nothing to say except that am well pleased at the termination of our meeting" said Captain Allen when seen yesterday. q think the election of new blood spells great things for the con- pany. At the meeting of stockholders today I will offer on behalf of associates to buy all the treasury stock of the company. This will take it out of the bankrupt court. and will enable more work to follow l am sure everyone at the meeting today appreciates the vast work performed by Dr Grove and the district Is surely his friend The Provi- dence company will mean great things for Birmingham. l am very glad every cloud is lifting and that affairs are be- ing strengthened out
 Dr. Crowe's Statement When asked for a statement yesterday Dr. Grove said he was for anything that helped tho Birmingham district first Sec ond, he was for the small fellows who trusted him and placed their money with his enterprise. He said:
 T agreed to everything that transpired at the meeting today to protect those who trusted me and who are now my