The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-30
Was to Be Guaranteed Stock.

The above is a true copy of receipt
given in exchange for certificate for
5000 shares of stock in the Shoshonc
Power company. BY so doing it was
TO be guaranteed stock.
In the next exhibit of this transac-
ton was the formal receipt of the sec.
retary for the one-half of the share.
holder s stock reissued IN his name, but
TO be held by the secretary and treas
urer, and which should be of itself for
felt if the man who had paid his good
money IN full in the first place had
been relieved Of one-half of his pos
session by reversion into the treasury
and was now to forfeit the balance if
he should in any way attempt to re.
lieve himself of a bad bargain fast get.
ting worse.
The recalcitrant stockholder who re-
fused to give up his property to the
wolves who were looting the treasury
now began TO be nagged and threatened
as appears more fully as follows:
Just Wanted Everything.
sHoSHONE POWER COMPANY
John A. Bagley. vice president and gen
eral attorney; Lyman r. Martineau sec
retary and treasurer; Francis NJ. Lyman,
Jr,,. manager and engineer. Templeton
Directors-Francis M. Lyman. John A
Ragley, Albaroni II, Woolley. Ephraim
G, Gowans and Francis NJ. Lyman, Jr.
Rooms 40S and 404.
Salt Lake City, Utah, Dec is, 1905.
Dear Sir-Some time ago you were adj
vlsed that the board of directors were ar
our company. That In order to complete
these arrangements 1t was necessary for
every stockholder TO send his stock to
the secretary. one-half to be placed In the
treasury and the other half to be placed
in a pool. You have not compiled with
this request,
At a meeting OF the board Of directors
yesterday II was decided that unless this
stock is sent in before December 81 the
board Will make arrangements with those
stockholders who have sent in their stock
so their stock will be guaranteed. Your
stock" and will not draw dividends from
the earnings of the company until the
guaranteed stock has drawn the amount
of dividends for which 1t is guaranteed.
The board hereby desire TO give you no.
tice of its intended action that you may
unite with us and thereby protect your
stock We prefer not to take this step,
bus Will do so unless your stock Is In the
hands OF the secretary on December 81.
| The board must perform Its duty. work
| for the interests Of all its stockholders
! and accomplish the purposes for which
the company was formed. Ii you still
| refuse TO unite with us we will be COM
| PEELED to make proper arrangements TO
protect those who aid us In raising the
| money TO install our plant and transmits
| sion line.
Kindly see that your stock certificate
| Is in the hands of the secretary by De-
and have secured the services of able
men TO aid us, and feel that with the
united support OF you stockholders our
proposition will be a grand financial sue
FRANCIS NJ LYMAN. President.
BY this declaration. which was as
false as it was fraudulent there was
| to be a guarantee given TO the COM
PLEASANT stock at the expense of the
recalcitrant not contemplated by the ar
ticlcs Of Incorporation and clearly un-
lawful IN any case.
Shifting the odium.
The company at this time was get
| ting into bad odor among its stock
holders. To remedy. perhaps, or to
cast the odium on unpriestly shoulders,
fiscal agent was appointed. Ordi-
looking for ''fscal aeent' cast
around for some high grade man of
| known capacity Not so. The Shoshone
Power company, having for It's presi-
dent prophet, seer and revelator, the
office of fiscal agent" was filed in
Won Wiesenthal, at the time a dish
washer at the local Y. NJ. c. A. New
stationery was bought, a mimeograph,
| folders and circulars galore went out
over the signature of the fiscal
agent More suckers were drawn in
the net. Installment payments as small
as So month were offered to the easy
ones. For a while all went merrily on
toward the maintenance of a common
treasury for the Lyman family and its
| friends. But alas Baron Alfred Won
Wiescnthal disappeared from the scene
of his fiscal activities between two
days. He has NOT been seen since
Never Owned Any Land.
Investigation goes to show that the
company never owned foot Of land
| at any Of its power sites; that the COM