The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-03-26
BEET GROWERS SUGAR -
COMPANY RESENTS CHARGE

The Beet Growers Sugar company
of Rigbu-lTave had their books audit
ed in response to the charge by Ez-
ra A. Kicks that the company was In
bad financial straits, and that stock
holders had no means of knowing
its status. The auditors report
showed it in good condition, with
abundance of assets to meet its OBJ
legations as they become due, and are
prepared to defend in court legal &C
ton looking to the appointment of a
receiver.
They charge that Ezra e. Kicks
of Pocatello is not acting in good
faith in bringing suit against the
tlgby institution. They point to the
fact that he bought small block of
stock, and as soon as he got his GER
tificate issued, and without making
any request or demand upon the COM
pany for the privilege of examining
the books, he filed the complaint
stating that stockholders had no OPP
portunity, etc.
The report states that Ezra E.
Kicks is brother-in-law of Mr..
Wooley of the Utah-ldaho Sug-
ar company and nephew of C. w.
Nibley, general manager of that COM
pany, and that he brought this suit
at time when the Utah-Idaho Sug-
ar company was very active in it's eff
fort to minimize the prospects of
profits in the sugar industry. They
say that Mr.. Kicks does not act con-
sistently when he goes out and makes
an investment in the stock of the CO.
operative company at Rigby if it is,
as he says, grossly mismanaged, and
its resources and money being vast
ed. If he knew these things to be
true, he, as disinterested person,
could not consistently go out and in
vest in that stock and then bring suit
to obtain relief. They claim that
his complaint is false and mislead-
ing and not brought in good faith,
but for some Interior purpose. They
say that of the $500 stockholders
who actually own stock and were
the owners of it before this question
was raised, none but Mr.. Kicks has
expressed any such uneasiness, and
they further state that stockholders
have at various times been told that
the books were open to all stock
holders who might wish ito make ex-
of any or all parts of the
records. Mr.. Kicks was in their Of
flee when he received his certificate
and had ample opportunity to state
his grievance if he had any, and to
ask to see the books and records,
and he did not do so.
The officers of the Rigby insti-
ution ask that the press shall hear
heir statements and give the infor-
nation to the people so the public
nay consider whether or not they
ire being treated fairly.
This person reiterates what it said
wo weeks ago, that no person or
irm can afford to do anything un-
air or underhanded in this beet con-
roversy, for if it does it will come
tut sooner or later and stand against
he character of such person or firm
lime and study will disclose the dis
lonor if there is any, or will recon-
lie the differences
Il have been greatly interested all
inter in watching the developments
etween the beet growers of the west
nd the sugar manufacturers. They
re doing just what I wanted to see
hem do fourteen years ago and the
rowers are apparently putting up
heir fight in just about the same
pirit that l would have put up a
ght at that time if l had been able
have induced the growers to have
acked me up.
Il am glad to see you giving them
list the same advice that l would
ant to give advice that I would
lere and working with them.
IF both sides could only accept
lie motto of our Canadian organiza-
on, Equity and keep that thought
ways before them, they would soon
cooperating in the place of fight
g.
II was greatly in hopes that when ,