Omaha daily bee., 1918-10-16
LIONS HEADS
ARE TURNED TO
LIONS TAILS
c. W. Shaffer Says He is Still
with Company and LUX
hart Says He is
Not.

In the current issue of the Ma
tional Underwater, an insurance
publication, printed at Chicago, is
an item to the effect that c. w.
Shaffer, vice president OF the Lion
Bonding company, OF Omaha. and
manager of the northwestern Office
of the company, with headquarters
at Minneapolis, had resigned.
Mr.. Shaffer, who was formerly
secretary of the company. and who
was promoted some time ago, with
salary of $4,000 per year. is now in
the city. To a Bee reporter he
stated he was still vice president of
the company and manager of the
northwestern branch md that he
had not resigned. He would give
no. further information.
Z. H. Luikhart. vice president Of
the company. in an interview to.
day stated Mr.. Shaffer was no
longer connected with the COM
pa1y.
Did he tender a formal resigna-
ton" was the question put by the
reporter.
"All l have to say" responded Mr..
Luikhart, is that he is no longer
with the company
Difference Of Opinion.
There seems to be a contention
between the two men, Shaffer in
sisting he is still an officer of the
company, and Luikhart insisting he
is out.
If Mr.. Luikhart is right, the Or
ganization once known as the
Lions Heads" and which has since
evoluted into a body known as the
Lions Tails" has new recruit
About January II, Of the presen,
year, it is alleged, Fred Volpp,
banker at Scribner, Phil Kohl and
Z. H. Luikhart purchased enough
stock i'll the Lion Bonding company
to acquire the controlling interest
At the time they took the COM
pany over the capital stock of the
concern was about $4,000. Henry
Haubens was president of the COM
pany at the time and one of the
large stockholders. 1t is said that
the new triumvirate at the time no
titled Haubens they had the con-
trolling interest and would take
over the management.
Haubens rebelled against the ar
rangement and refused to exercise
the power vested in him as presi
dent to call meeting of the direc
tors or stockholders OF the organ
ization until the three men pur
chased his stock, which they fin.
ally agreed to do. and he was paid
at the rate of $40 per share for his
holdings.
Increased Capital Stock.
With Haubens out of the way the
new officers at once increased the
capital stock of the company to
81 100000, which was put on the
market and sold on the basis of
5000 per share. About $350,000 was
disposed of i'll the selling campaign
that followed.
c. G. Brown was brought here
from the Pacific coast and was made
superintendent of agencies; Charles
W. Shatfer, vice president and man
ager of thte northwestern office at
Minneapolis, and Messrs. William E.
Taylor, Sam Kirk, Conger and Ed
Nicholas given important places in
the stock-selling organization that
was subsequently formed.
Brown organized these men into
what was known as the Lions
Heads" and because of their ex-
pert knowledge and experience the
suborganization was virtually to
manage the business.
One by one, the men claimed,
they were handed their "resigna-
tons" and incontinently fired. They
then organized informally the
Lions Tails" and the similarity
of Shaffer's standing with the COM
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