The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1913-10-24

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the Citizens Telephone Company in
session assembled at the court house
in Columbia, Oct, %, That the board
OF directors to be elected at this
meeting, be, and is hereby, instruct
ed to entertain no proposition to sell
. or lease to or in any way become en-
tangled with the Cumberland Tele-
phone & Telegraph Co."
The above resolution was unani-
mously adopted by the stockholders
OF the Citizens Telephone Co at the
court house Tuesday afternoon, after
some thirty minutes of discussion
that babe fair to lead into an almost
indefinite session, and almost immedi-
ately all matters of difference were
bruised away.
/ In fact there were no differences
excepting the question of disposing
of the stock to the Cumberland Tele-
phone & Telegraph Company, and
there were apparently very few if any
of the advocates of sale at the
meeting. After the adoption of this
resolution those who were most be-
ligerent figuratively speaking, were
perfectly satisfied and were willing
to do anything that the majority
Nth
mality of discussion.
! All the morning the possibility and
land Co had been discussed in its
various forms until many who enter
matter had become rank partisans,
and when the meeting was called to-
gether by Chairman Hutton the court
house was crowded to the point of
standing room, and when Attorney
Hatcher, who was regarded as the
leader of the opposition to the sale,
appeared with a volume OF "Thomp-
sons Commentaries on Corporations"
under his arm, it was the signal for
applause. The crowd was bit i'm
patient. The anti-sale element scent
ed victory in the air and were anxious
to get to battle, if battle it was to be,
and while this did not occur there
was at one time, during the meeting
a possible disposition not only to dis
rupt the sale plans, il there were any
but to unhorse those who were In au-
thority in the company, and who at
that time We're thought to be respon-
sible for what was interpreted to be
an attempt to sell out to an enemy.
The reading of the minutes was
followed by the matter of voting on
the election of the board of directors
for which primarily the meeting was
called. and the question of voting by
proxy got into the discussion, as there
we're many present with bullying peck
cts of these papers. Attorney Hatch
rectOrs, stated that there was no pro-
vision for a proxy vote as there was
nothing in the bylaws to that ef-
feet This position was assaulted by
Attorney Fleming who cited the acts
of Tennessee which made provision
for proxy votes in corporation, and it
looked that there would be going
into the tedious detail of stock and
proxy voting, James A. Smiser having
arisen TO nominate another ticket for
directors Dr. Porter made a short
talk in which he stated that he had
been criticised for some things that
he was not guilty of and stated that
first ticket nominated was thrust
at him and called on his friends to
support the Smser ticket. Here it
was that Mora B. Fariss poured oil
upon the waters that were beginning
TO boil by introducing the resolution.
which after an amendment by p. s.
Chandler, is printed above
Immediately there was a change of
front on the part of those present,
and a motion was made to name a
compromise board of directors, DR..
Porter's salary was raised and the
meeting broke up in love feast.
The board of directors as named by
the nominating committee and adopt.
ed unanimously by the stockholders
was composed of DR.. r. S. Perry, F. !
n. Woolard. E. l.. Armstrong, DR..
Robert Pillow, P. S. Chandler, JOS |
l.. Hutton, o. ]. Porter, ]. c. SowelI |