The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-03-29
STOCKHOLDERS OF
fcontinued From First Page).

hartman. He did full credit to his
osition by extreme calmness, when
nv excitement was shown. Never
nee did he depart from the most
|gid parlimentary rules His answers
excfted queries were made In meas
red tones. Indeed, he proved him
blf Al much of lawyer in ms
hethods of handling the situation "a
3 has reputation as q physician
A rather full resolution was offered.
hitch II was announced was drawn up
M submitted by MFR. Skipwith. OF the
fgfnal committee. who could not De
resent. This resolution covered every
etail pertaining to the appointment
= committee to take action In De-
ali Of the stockholders.
Purport Of Resolutions.
n was acted on in paragraphs
nerded In some particulars, the re-
ait being as follows:
That q committee of FIVE be appoint
N which DR.. E. c, l. Miller Is the
hartman, the chair TO name the otner
bur members of this committee
That this committee be fully en-
ow~red 10 act for those stockholders
no subscribe TO the action OF the
Dck holders meeting held last night
settle. either through compromise
through a fight in the courts, the
Outstanding and uncoliected subscrio-
stock of the respective stock
elders.
Thaf the stockholders subscribing
this resolution agree 10 pay ten per
ent Of the amount the receivers OF
he Union Stores. Inc, claim is stun
~ ON their respective stock, such
ma TO be used In defending the rights
4 the subscribing STOCKHOLDERS
= ,.anart from this comm liIs&
made through the press OF Rich
bond.
That treasurer be appointef Icy
he committee. who shall give bono
or the faithful performance Oh ms
uties
That any amount collected under
MIS- resolution which is not used 10
lefray legal expense. the payment
lust obligations OF the stockholders
sueh or expenses incurred IN ule
ettIement of unpaid stock be re-
rrnea To the subscribers, pro-rata.
That the committee be empowered
VIth the right TO decide as to the
tnae limit In which those who are
tockhoisiers shall be allowed to sub
crfbe themselves with the stockhild-
10 acting herein.
That the committee be known as
uAN- Stockholders Protective Com
htxtee.'' ~ ~,
That the committee has authority
B employ counsel to defend any ac-
Ton on the part OF those subscrib-
mr. to this resolution
Hope For Peaceful Settlement.
II was then announced by Profess
or Locker that he had talked with
omc OF the receivers of the defunct
|snton Stores, Inc. and that these
rentlemen had intlmated that un-
- a compromise was soon made
Was likely that suit would be start
"A 1t once against either the whole
Il part of the subscribers to stock
rho have not paid their subscriptions.
DR.. Miller stated that he hoped
hat settlement OF unpaid stock
nfeht be made without any legal ac-
Ion.
Professor Locker said that an in
function restraining immediate ac-
Hon could be easily obtained. but that
& was bsst to act at once In answer
y any legal action by the receivers.
u motion to adjourn was made and
|he chair asked that all present walt
NV minutes as he desired to read
statement from Mr.. w. c. Schmidt.
StrUutor of the Union Stores. Inc, and
~ owner Of the store which was for
nor1y occupied by the company on
hitch rent aggregating $4,000 is due.
or. Miller, as chairman. asked that
formal adjournment take place. the
|tatomAnt. 10 be read afterwards In
6oparate meeting of stockholders pres
~ without reference to the business
1T had taken place. This was done
IAA that statement of Mr., Schmidt was
eead by the chairman. as appended be-
~.
Mr.. Morris In Reply.
Re px, Morris followed
|ho statement of Mr.. Schmidt with the
Gngesstton that that gentleman coop
hate with the committee of fve APP
S0fnfed by the stockholders and that
III Schmidt prove the sincerity OF his
kAtements by reducing his claim for
6Ant. which Mr.. Morris thought entire
u too much.
The chair stated that he doubted the
1ndom OF injecting Mr., Schmidt's
kfntNmant into the meeting. but that
y had obligated himself to do so and
va fulfilled his promise. Further DR..
1ftIiAr declared that argument and
knreh words were useless and sug-
oafed m ending to the meeting. Some
80 moved to adjourn. The motion
~ quickly seconded and adjourn
5nt vas unanimously voted on.
The statement of Mr.. Schmidt IN as
eDalQas;
n Statement BY w. c. Schmidt.
About q year ago articles appeared
y the daily papers containing state
sSfsfa which purported to have been
2sedo ~ dissatisfied stockholders of
&SS Union Stores Inc. demanding
~ Niud-up OF the business. and at
Snkine the integrity and character OF
~ directors, as well as the manage
1emf ~ the Union Stores. In sub
duent articles the newspapers at