Republican farmer., 1918-04-19
BEDDING
Special to The Times.l

pany to the amount of several thou sand dollars as shareholders were well represented at the meeting held Tn NeWtown on Monday for the pur- pose of considering the state of the cornpanys finances. Among all the shareholders and milk suppliers anx- 1ety had been caused by the recent arrest of Manager Coburn on the charge of embezzling the company's funds. Statements made at Mondays meeting were to the effect that ex- perts engaged in examining the com pany's books reported a shortage of $4,8O0 which sum might be somewhat
 increased by further disclosures. It was further stated that while the company remained solvent the loss of funds by wrongful diversion of funds l shaTpened it's need for additional
 working capital a need which had been a hampering influence ever since
 business was started. This lack of an
 adequate cash reserve had been given
 as explanatory of the company's delay 1 in sending pay checks to the supply
 ing dairyrnen. Although supposed to
 be sent every two weeks the payment
 intervals generally extended to g.
 month or more and one of the local
 creditors had received nothing for
 nine weeks. Another local dairyman
 was a creditor for more than S1,OOO
 One gratifying incident of Mondays
 proceedings was the action of the
 company's officials in settling all out
 standing milk accounts up to March g..
 The sentiment of the shareholders
 in attendance was that they could not
 afford to permit the company to go to the wall for lack of the money needed to keep it a going concern, because, if it went out of business, they would again be at the mercy of the private
 wholesalers who previously constitut-
 ed a. monopoly and fixed prices to suit themselves. Consequently the call for additional subscriptions to the stock resulted in the pledging of between S, 900 and $4,OOO before the meeting adjourned Considerable additions to
 this sum are expected. Those who
 sought information regarding the al- leged en1bezzlement were informed that Manager Coburn had drawn
 money by check from the company
 funds and failed to account for It. lie
 was prominently identified with the
 Bridgeport Dairy Co.,, compan! formed for the retail distribution ot
 milk, and the supposition IS that the
 missing money went towards tnls companys financing. His trial on the pending charge is yet to be held ana meanwhile he is out pn bond.
 Not much progress was made wltf lthe local Liberty Loan campaign las' week owing to the bad weather. Red- ding's quota is only S1O,50O instead of s25,OOO as was at first supposed
 In the present drive this town IS ln' cluded in the Bethel district, as eacf l district must have within 1t at leas
 one bank, but all subscriptions o1 1 residents of this town will go to Red ding's credit if made through the Bethel bank or any member of the 7 local committee. This committee IS , composed of H. s. Barnes, Rev. Ray , mond Cunningham, Michael Connery , MT. and Mrs Randolph Bradley, C : O, Perry, w. c. Sanford, J. B. San , Iford, L. w. Warner, Rev. W. s. Wool , worth, w. H. Hill, Charles H. Ward - A. G. Barnett, MT. and Mrs. E. , Sanford, Miss Myrtle Beck, MT. ant
 Mrs Frank Meehan, pr. w. c. Dem ing, Henry Hawthorne, John Muen mich and MT. and Mrs. George Pat tison. Members of this committe' will gladly wait upon anyone express ing a desire to subscribe.
 Eight citizens attended the specia = town meeting last Saturday afternoon 3 and after slight discussion voted = regular tax rate of twelve mills. ThL ] Twill raise about 1000 while the es 2 timated expenditures are approH s mately about $1,000 more. However
 the s5,SO0 raised by the special mil ! tax to be collected in June will yielt V a, slight surplus besides meeting it e particular requirement, thereby les , sening by so much the current defici
 ency. It was figured that S2,0O0 call f ed for by the next job of State roat building would not be called for un
 til next year. The sum of $50 wa
 appropriated for war expenses an'
 the seIectmen were voted discretion
 ary power to provide service flags fo . the Ridge and the Center.
 Responses received by the commit : tee who are arranging for the foo
 exhibition to be held at the Mar e Twain library on Wednesday after T noon of next week indicate a wide e spread interest and disposition to co h operate among the ladies of the towr d It is assured that the contribution - of war time cookery will be many an e varied and cannot fail to provid
 much useful information. An instruc
 tive lecture will be delivered at g.: 3 ! by Miss Merritt of Hartford and a 4:3O coffee and sandwiches will b q served. The premiums awarded t the more successful exhibitors wi
 consist of war and thrift stamps.
 At the Center Congregations t church last Saturday afternoon an again on Sunday evening before n congregation gathered for a unio n service. Miss Law, for IS years
 missionary in Syria, made an appes e for the suffering Syrians and Armer o ians. An accompaniment of the ad . dresses was the appearance of chi d dren of the Sunday school attired i
 the costumes of these Eastern race e The collections realized about S5 d Some 40 years ago Miss Laws fathe s was pastor of the Center church an l. subsequently, he was chaplain in tn y Tombs prison, New York.
 n What the project attributed to n club of New York college women fc 5. reason of active farming work i e this town is reality and not merely
 beautiful dream was proven by tn
 appearance of an advance guard (
 the devoted band last Monday morr
 ing at the Methodist Deaconnes E Home about a mile above West Rec
 ding station. A tract had been plov
 ed in preparation for their comin :, and this they set to work upon wit ei rakes, hoes and other planting in al 1,1a,aar+s If +boir couraga ard e,