Perth Amboy evening news., 1920-01-15
BUILDING LOAN
LIVELY SESSION
Stockholders Crowd Office for
Annual Election

BIZ Special Correspondent.
TOTTENVILLE, Jan. 16:--One of
the liveliest meetings of stockhold-
ers of the Richmond County Build
Ing and Loan Association since the
organization was started thirty eight
years ago was held last night for the
election of officers for 1920. Long
before the time for the meeting to
start the of1ce of the association was
crowded with stockholders who had
seen the stories in the NEWS Of the
contest on for directors. h meet
Ing of the old board was held at first.
This lasted until nearly $3.50 o'clock
and when they had finished the
stockholders crowded in the meeting
room which was not large enough
for one-quarter that had com out.
Charles A. Marshall, president OF
the association in the chair, an
nounced that the election OF officers
was in order. The question of why
proxies had not been sent out to all
of the stockholders came up n
Stuart l.. Ritz, as spokesman for q
number of stockholders, asked G. 8.
Barnes, the secretary, why proxies
had not been sent to all of h stock
holders. Mr.. Barnes answered the
question as best he could n this
was signal for arguments that began
to wax warm until tellers were
named for the election that was held.
Mr.. Barnes admitted that he had
sent out 1913 proxy notices to large
shareholders in the interest of the
associations nominees. Those of the
proxies returned to the association,
1t was learned later. had been turn
ed over to Walter D. Wood, OF
Pleasant Plains, who was elected
over James Laing, of Tottenville.
There seemed to be much dissat-
isfaction on the part of the stock
holders present in regard to this
method of conducting the election
and many were heard to express
themselves freely in the matter.
Matthew Seller at the outset of the
election made a motion to have all
of the proxy votes thrown out, which
he declared was not right as other
stockholders had not received any,
but was overruled by Mr.. Marshall,
president, who Is also one of the
counsels Of the association. In the
straight vote cast by stockholders
Mr.. Wood received but twenty-eight.
In the entire vote, including the
votes by proxy counting each share,
Mr.. Wood received 3,948 and Mr..
Laing 1888. Mr.. Woods vote in
cluded the 1900 votes turned in to
the association and which were In
turn given to his credit. In the
straight vote for president, vice
president, secretary and treasurer
1907 votes were cast.
The vote of the three directors
elected was: J. c. Davidson, 4,272;
Seym0lr Case, 1894, and Charles P.
Cole, 4,284. Stuart l.. Ritz and Ed
ward A. Taylor were the ~tellers. II
was after 1890 o'clock before the
votes were counted and the an
~nouncement made OF the result OF
the election. In the election OF
president Mr.. Marshall is now serv-
ing his fourth term. Gilbert 8.
Barnes, the secretary, was elected
for the thirty-ninth time and Charles
A. Thrall, the vice president, has
held that office for a number of
years, while Arthur Fl. Yetman, the
treasurer, vas reelected for the sec
ond term.
If Mr.. Laing had made the house
toulouse anvas that was made by
his opponent, he could have won
hands down, 1t is said. The reason
given by one Of the directors Of the
association after the election was
over why the proxy votes turned in
to the association that were given
to Mr.. Wood was for the support OF
the associations candidates.