New-York tribune., 1911-03-03
HALT IN LEATHER FIGHT
Courts Delay Forces Another
''' 'postponement Of Meeting.
QUESTIONS STILL At ISSUE
u;ror,tv willing to Let Divi-
sards Go for a Time, but In
.,sts on Publicity for Reports.

another bioodiess encounter
lh .rA MANAGEMENT and the minority
oe',,so1ssre OF the Centrol Leather Com
stocA.-.'tr .rs ofsces OF the Corporation Trust
pam ~o. IS Exchange Place, Jersey
CoNAF .-..tsrdav. where the postponed an
u's' ..+irc Of the company was TO take
nus Tbs reason that hotn sides escaped
-.s,,t a scratch In what Henry "oliinan' az,
',oI ,or the minority interests. cans 'ile
..neuinary battle ever wageo oetWeen
uos.,.4oritv and minority stocknoiders OF
t"' ,-oration was that Nice-Chsnceilor
- ., New jersey. failed to hano
e0~ decision in the Injunction SUIT
COW ~ ! S. Bache & Co, who repre-
.,,. r,inority stockholders, last week.
s" ~. the meeting could rot take place.
-,aet,nr was postponed from noon'
s,n- originally set, until o'clock IN
u' ho,s that the Vice-Chancellor woulo
N ,,s decision by that time but WORD
'el'-0 ~ received that he had not been
.o-,nlete,v TO review all the evidence
r,se and a further adjournment was
-, pntil 70 O'Clock tomorrow mornlng'
~ssn the opposing factions VIII asaih i'ls
= ,or the encounter
rNns waiting 70 hear from the VICE
>.-r.llor REPRESENTATIVES Of the manage
-. and the minority interests held
-s.-,,ca behind locked doors. The meet
ab,.h was brought about by a large
-.s.tboldsr who has not given his proxy
.;,Ss- faction, was without result Il
.siS There was a report that COM
-.-,iss had been reached, but this was
I.s,,,,slv denied BY Henry Wollrnan, Uho
.r,s one o. those present ut the conference.
~. ss,d that there had not been and would
-o- ne any settlement OF Che hght-
y-,cs.Chancellor Howell is expected TO
,,-s Down his decision q the Bache IN
,r,c.,on suit to-day. Among the questions
,,velyed are the right of the central
TAsfns~ management 10 vote 5000 shares
:. borrowed stock and the appointment OF
master in chancery 70 preside at the
....,,e The reason that the minority in
..-.s,s want an oficer OF the court TO take
.h,-ua Of the meeting, according 20 MT.
yvour1sn. Is that the management has ap-
,,oi,ts5 as inspectors OF election three en-
,,,vss n the leather company, and in the
,,-c,,r,stances they fear that the decision
n these inspectors in regard TO the validity
~ r-oxies. from which there Is practically
N sppesl. might not be impartial. The in
spectors named by the management, It be-
came known Yesterday are H. W. HILL
assistant treasurer; Edward L. Stabler' as
sistapt secretary. and William H. Hum
psrsv. purchasing agent Of the company.
II < understood that the minority stock
holders are willing 20 waive the question
- dividends on the common stock for the
uressnt. or until il can be chown 20 their
satisfaction that the company IS not IN a
posltion 70 make any payment on this
issue. but that they will insist on detailed
quarterly statements. such a. are made BY
the United States steel Corporation, for
Instance; q full annual report instead OF
ne neagre statement which has been
issued in the past representation on the
board and certain economies in the man
agerent IN this connection they want to
know whether IL IS true, as reported, that
certain msUters % the executive commit
ZEE no. officers Of the company, receive
Soeo8 each 2 year Tor their services.