The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-01-19
HI. p. KEENAN,

- ~ lllt - lllplll LaIlS
Independent. wishes to state to the
public that he being The minority
Of the directors although holding
land controlling the majority OF
the stock. has been powcrless to
get consideration before the board
,iot directors and desires to be cx7
Generated from any blame MS to the
present management Of the pa
per and, its actions, and sets forth
the following "Dutics OF Dircc-
tors that those acting may real
ize their position.
Duties Of Directors.
Directors by assuming office,
agree to give as much Of their
time and attention to the duties
assumed us the proper care OF the
interest intr1stcd to them may re-
1nirc, Ifthcy are inactive to their
duties, il they neglect to. attend
nncctlngs OF the board. il they turn
over the management Of the bust
tncss of the company to the cXclu-
Isivc control OF other agents, thus
Eabdicating their control, then
they are guilty Of gross neglect
with respect TO their ministerial
duties, and il loss results to the
rcnrporation by breach Of trust O.,
acts Of ncgligcucc committed by
these left in control, which by due
care and attention oil the part OF
1.-THE directors: could have been
avoided, they arc responsible Il
the corporation.
The diligence required from
them has Teen defined as that cH-
.ercised by prudent men nbou.
their own affairs. being that dc.
gree nf diligence characterized rs
ordinary. The suiaricd agents
Of the corporation, though usually
selected by the directors. arc MOI
the agents Of the directors. but
1.-THE agents CT the corporatlcn. and
the Gutics.of the director with re-
s7cct to such is to supervise, di.
i. rect anu control.
It is a Violation If his duty To-,
any trustee OF director, acting il
his .fldllclh.y capacity, tc enter
Unto any contract with himself
connected with the trust or it.
management. Such Il contract is
voidahle and must be- set aside al
the slit OF the beneficiary. This
T-'1fc has been recognized and en-
forced IN e great nllMbrr OF eases
The underlying thought is. thu;
an agent or other Judiciary shoult
hot unite his personal and his
representative character in the
same transaction and equity will
not permit him to hr brought info
Il situation where his own per-
s1nal interests conflict with the
interests nr his prin pal, and with
the duties tic ow"s to Ills principal.
George Washington in early Iif..
was a poor Sreller. and spelled
hat '.l,-a.doub1c-t," anil Il rcam
Of paper he spelled "rl,cam.;' but
he knew enough to spell out the
Independence OF this country from
foreign oppression.
Envy dwc!ls more on small de-
fcnts Of character than on great
lnrccs: makes mere OF the Tact
That addison drank too much
than Of The fact that he was thu,
%clitor Of the Spectator" more
Of a mans piccndillocs than of his
mighty energies: more OF his de
leafs than Of Ills victories.
The fact that Christ Himself
took the vinegar makes Him able
To s.ympathizc to-day and forever
with those who's" cup is filled with.
sharp acids Of this life. The
ticncllcry Of Judas hurt Christ's
feelings more than all the friend
ship of His disciples did Tim good.
AS We SOM. SO shall VIC REAl..
Mr.. j. Riley Fleming is indis.
posed at his home on Quincy
street. " With Z n uor,a,ta