The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1919-01-28
Annual Meeting of Valley
Fair Association i'm
Progress
REORGANIZATION
PLAN PROPOSED
President Oscar z. Benson Declines to
Serve in That Capacity Longsr-In-
debtedness of $1,000 Now About
Equal to Assets.

About 80 persons representing 60
shares of stock of the Valley Fair asso-
citation gathered in the Brooks Houss
this afternoon to transact the business
Of the annual meeting The most impor-
tant feature Of the gathering was the
expected action relative TO the future of
the association. finances having reached
a condition where reorganization IS nee
cssary 10 ensure the holding Of future
fairs.
The meeting was called to order By
President Q. +. Benson and began with
the usual formalities including the read
lns OF The call by the secretary, the roll
call Of stockholders and the annual
financial report Of the treasurer
| AT the close Of the treasurers report,
| IN which he stated that the overhead ex-
P2nse of the association. was from 81 500
+ o $l,s00 annually whether or not a fair
was held, President Benson spoke briefly.
aying That a much as he wanted TO see
Tue Valley fair continue it would be am
possible for him to serve longer as presi-
Gent. His remarks were followed bv n
general discussion.
invitation yesterday To attend a maetinp
in the board of trade rooms last evening
70 discuss the Valley fair and its indebt-
edness Of Sll.l00.
President Oscar F. Benson was chair
man and made opening remarks in which
he stated that the meeting was called To
see whether some plan of financing the
ifair could be worked ollt Ia be presented
Int the annual meeting this afternoon
In his remarks President Benson re
viewed the conditions which led ND TO the
present situation and asserted that the
officers had given their best services.
despitc some msnuations to the contrary.
lie stated that he would not le a candi-
tdate for reelection and would not serve
longer as president, although he should
continue 10 take 4 deep interest in the
fair and would give his support to what
ever board OF officers might be elected.
Each person present was called on for
his opinion, and the sentiment was unani-
NOUS that the fair ought not to be given
up, as il had too great an advert ising
value for Brattleboro 10 be allowed TO
, lapse.
il was brought ont that the indebted
ness practically equalled the value Of the
associations property and that not only
/ did the persons whose signatures are on
the note securing the debt. wish 10 be
j, relieved of the obligation. but also that
!, he bank would not care to carry larger
. note covering the associations liabilities.
Those present, following the discussion,
5 voted 10 have the president appoint a
j committee of three 60 draw mp resolu-
! tion or plan OF reorganization 10 be pre-
:, sented at the annual meeting, unless some
4
n new association should be formed 10
take over the staak 20 pay up the debt
!, and start new. The chairman appointed
: Frank Z. Barber Glenham Jones and
Frank d. Stowe
f 1t was believed that If this plan was
r carried out and guaranty fund be cs
# tablished The fair would be able TO 90 OF
It without further difficulty. although some
10 suggestions were made as 20 where sav
N ing might be made in the outlay foi
Il premiums.