New Britain herald., 1924-03-24
MARINE LAMP BOARD
 ISSUES STATEMENT.
Slap at Stern and KleinberSer in Report on Finances
QUARANTINE BREAKER FINED
Father of Eamil, in Which There l. Diphtlicria Assessed Sl00 - John Coughlin Transferred to Important Insurance Post in Hartford.

A statement ut the condition oi the National Marine Lamp company l. shown ill q letter ariH out 10 the sluct holders today aby the tub board or GIuctois. with the eA-rpi or of kdtoiph Stern, John t lelr."-.ger and M. N. kotzcn, n" last namrd tIro bein,: opposition to ,hc adGi:'.ts'IallJr Of 'trrS,drnt WIl| tr r. Caldvr. l., letter rolIo",.
 'ro the stockholders Of the Ma tioual Marine Lamp company;
 About March list. in compliance with instructions from the Board ot D.I doctors, the slock kholders of the Ma tloEal Marine Lamp company were advised by letter. 10 which Waa at tachud d financial statement as uf December 3l. lY25. as to the linancIai condition ol the company. All state ncnts made lu that letter were eX- .,tiiy in accordance with facts.
 since that ume il probuGc that soL have Uc"a m rcCelpt ui three ict- tcrs tpom Mossrs. l;udolpn S;ern, John k.clubvl ger and C. Nj, l:igelow. The statumcnls made in these cont municatious arc misicading and in nearIs all instances are not in accor- 4ance with facts. When the present management came into control of the company strps were taken immcdi- a.lcly to place the business ot tle com plny on an intellig. nt manuIactur-
 ng basis replacing the proceeding ulsystcmatic and unbusinessIike m, thods.
 That there may be no doubt in your mind as to tin" competency of those aciiNciy in charge or produc- ton al the present time you are in- formed that the gentleman in charge of production has been actively en- gagged in the marnr lamp business for over thirty years and that the ac- tive manager has had an uninterrupt- cd experience of seventeen years in thn manufacture and sale Of marine lamp produces.
 "i'or the siN months ending be- cember Sl, la23, during which the present management had been in con- irol, tho net profits amount to sl7,- So9.l7. Tn" net profits from the busi- ncas tor tn" month ot January were tiob2.hi nhd for tho month oi Fcb- ruary. s$.561.05. Husinrss is bcing done on profitable basis.
 "Thn only' object the undersigned directors supporting tb" prcsrnt man agenlcn has in mind is to restore the coinpans to q position where it ul- iimat"ly and within as short a time as possible will pay dividends 10 it's stockholders. This. in justice 10 the stockholders. should br done even if il has required a severance from the payroll Of McSsrs. stern and Klein berger, who in the Judgment Of the directors were not necessary 10 the success Of the company.
 ''rhe undersigned arc pleased 10 rc- port that inc financial and business prospects Of the company at the present tim" give every promise of the year le2i showing q good profit.
 we arc enclosing herewith another pro"y with Il return envelope. II you haze moi already sent in your proxy in support of the present manage ment. we would appreciate your sign ing the proXy and returning it 10 us as early as convenient in the enclosed enN vlopc.
 William r. Calder. IT, Garuldson. Alexander Harper. William X. Hayes. Irving l. lngra ham. William ]. Ma lone. Arthur \. Manross. Philip C. Ripley. l;cins all the directors cN- rpri Mrysrs. ItmIolpI Stern and John kleinbcrgrr and also NJ. NJ. kotzcn who was not present at the meeting.