The citizen. (Honesdale, Pa.) 1908-1914, 1912-07-03
FOR YOUR PERUSAL
Concerning International Lumber
Company.


AS the result of venomous and
malicious attacks made by a news
paper last winter and other false
Tumors put in circulation by enc
mics of the company, numerous com
plants have been filed with the
Postoffice Department and an ex-
animation of the Company's affairs
followed.
This was accompanied by or sim
ultaneous with attempts in the
courts by certain attorneys in the
name of few stockholders to get
control of the business and property
of the company by enjoining the Of
ficers and directors-even the con-
tractors doing the work in Mexico
from carrying on the business of the
company, and to put it into the
hands of a receiver.
The attempt to get a temporary
Injunction and receiver pending the
litigation failed and the motion was
withdrawn on the 31st Of May,
1912, and the costs thereof taxed
to the compliments.
1t was believed by the friends of
the company that this attempt to
wreck or break it up had been
abandoned and that the business of
the company could go forward in
the regular way, but within the last
few days all the officers and direc-
tors of the company who are at
present in Philadelphia, were ar
rested and required to give bail to
appear before the court on Septem-
Der 16 next to answer the charge of
conspiracy to defraud.
These arrests were under an in
dictment by the Federal Grand Jury.
ho- hna hno two n &c
charge, the officers and directors
charged had no notice of the pro-
ceeding. The charge or Indictment
seems to be based on the state
ments of or evidence against the
company on one side only and in Sc
cret, and the first and only notice
that the accused had was when they
were arrested.
This action was a surprise to the
officers and directors as the Postof-
flee authorities had on two previous
occasions made investigation of the
business of the company and its
property in Mexico the first one be-
ing in year 1905, and apparently |
found nothing upon which to base
action of any kind.
The postal authorities are not |
now accused of having acted improp- |
erly or maliciously but it is believed /
that they were compelled to make !
investigation at a time and under |
adverse conditions created by our
enemies.
The individuals against whom this
charge is made are perfectly con-
scientious in their knowledge that !
they have done no wrong and that
not only is the charge false and un-
founded but that it cannot be sus-
tanned, while they on the other hand |
can and will affirmatively prove it
10 be false, without justification in
every particular and detail as soon
as it is possible to get a fair and |
open hearing.
This statement is not made in the
defense of the men charged with
crime. That will be taken care of
when the opportunity occurs, but it
is made in order that those interest
ed as stockholders or otherwise may
not be received by newspaper state
ments or attorneys claiming to repre-
sent stockholders, into taking action
adverse to the company or assisting
in attempts to destroy it.
These attorneys speaking through
the newspapers are assuring stock
holders that they are trying again to
have a receiver appointed and get
probably write letters to the stock
holders to the same effect and seem
TO be trying TO convey the impression
that the company has been "raided"
and its business stopped.
This is entirely incorrect. On the
contrary the officers and directors
are at their posts devoting their un-
remitting attention TO the business
of the company and striving to SO
direct and manage affairs that the
completion of the supplemental con-
tract shall be accomplished at the
earliest possible moment and desire
only to be permitted TO carry out
these plans unhampered by threat
ening yeXatiOns and destructive liti-
cation.
Notwithstanding the facts, and
though even their attorneys are
quoted as saying in the Evening
Times of June 22 taht the land of
the company is "One of the richest
sections in the Republic and can
be developed TO pay enormous re-
turn" shat this land has not only
vast timber tracts but also has rich
ore deposits and many acres of fer
tile farming country" the enemies
Of the company charge US with mon
strous frauds and say that the prop
efty OF the company IS almost value
less, hence we should be prosecuted .
and the company turned over to
strangers to be dealt with as usually
happens when a company goes into
the hands of receiver.
The officers and directors say that
they have been guilty of no fraud,
mismanagement or wrong doing;
that the company has the immensely
valuable property in Mexico in every
respect as it has been represented;
that the development Of the property
is nearing completion; that when
completed in September, 1912, as
reported by contractors April II,
1912, the earnings will be so vastly
increased that no reasonable share
holder can fail to be satisfied with