The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1913-10-09
TO TERMINATE
WIRELESS FIRM
Old United That Succeeded The
DeForest May Be Wound
Up Nov. II.
TO DISTRIBUTE MAROON
Plan Calls For Two Shares OF
This With Some Cash For
Five OF Old Concern.

The vicissitudes Of the stockholders
of the American DeForest Wireless
company and the United Wireless com
pany. which succeeded it, are nearing
an end. Two years ago the United
Wireless company was thrown into
bankruptcy and trustees were appoint
ed. Some of the stockholders got to-
gether and formed a reorganization
committee, which raised sufficient
money to pay the debts of the com
pany. SO that it was taken out OF the
Bankruptcy court Mr.. Hughey of
Portland, Ne, master in liquidation
by order, of the United States court,
has completed the valuation of the
shares of the United Wireless COM
pany. which will be entitled to a small
dividend in the hands of the trus-
tees.
A large proportion of the former
stockholders in the United Wireless
company exchanged their shares for
shares in the Wireless Liquidating
company, by paying assessment
which raised sufficient money to moES
than pay the debt of the proved cred
itors. These stockholders of the
Wireless Liquidating company thereby
obtained their right to a pro rata
| interest in the 10000 shares Of the
American Marconi company, which
was paid to the trustees for the soklysi-
cal assets of the United Wireless COM
pany, and these passed into ownership
Of the American Marconi company,
July 1, 1912
After many annoying and vexatious
experiences, the directors of the Wire
less Iiquidating company have sent
out circulars to all stockholders to at
tend a meeting in New York city, No
vember II, 1918, in order to vote up
on a, proposition to dissolve the cor
i poration and distribute the shares of
the American Marconi in its possession,
according to the respective holdings
of it's stockholders.
The American Marconi company paid
| a. dividend of 2 per cent. on its stock
| August l., and it is expected that an
/ other dividend of 2 per cent. will be
declared or about December 81,
! 1913, SO that the annual dividend is
now per cent, and it is expected that
| with the steady growth of business of
the company in the next few years,
| the dividend will be increased.
The directors announce in this cir
| cular that they hope that each hold
err of five shares of Wireless Liquidat-
| ing stock will receive at least two
| shares of Marconi stock with addi-
tionaI small cash dividend. They also
| say that in the event of successful
termination of suits against the heirs
/ of Christopher C. Wilson. the former
president of the United Wireless, who
was convicted in the United States
| courts and died in the federal prison
| at Atlanta, they may be able to dis
| tribute one share of Marconf stock for
two shares of the Liquidating stock
| without any cash dividend.
1t may be remembered that ten years
! ago the American De Forest Co. sold
considerable stock in Connecticut and
| maintained an Office in New Haven for
a year two, when it went into
| bankruptcy. Since its reorganization
the committee of stockholders attempt
ed to save something from the wreck,
and it's Affairs have been conducted
| solely for the interests of the stock
holders, rnany of whom held less than
| 20 shares of stock
The expenses of the liquidation of
| but the committee announces that the
| bulk of these expenses have been paid
| out OF a contribution OF $50. 900 worth