Show 10 MORE E LIGHT ON THEMAY THEMAY THE THEMAY MAY DAY D Y TR TROUBLE UBLE Harry Joseph is today gathering the the particulars rel relating t g to the May ay Day affa affair af- af fa fair air r for the purpose of presenting them themo to o the County Attorney providing the stock exchange does not not- take tak ac action n or orthe orthe the he May Day directors relieve the company company com corn pany of the responsibility f for r the payment payment payment pay pay- ment of the dividends Mr Joseph has found by examination of the books that on June 20 1901 the he directors declared a dividend that hat the company had In the bank Against this checks check for dividends divi- divi lends amounting to were drawn leaving an overdraft of and when the dividends were paid on July ruly 1st the overdraft was over over 2800 2500 When the last dividend was declared dEclared for the company had in bank to meet it i If I the acton action Is punishable the directors directors di- di rectors cannot evade prosecution by by releasing releasing re- re leasing easing the company from responsibility ity ty as suggested by Mr r Joseph Josep It I was suggested this morning that the he board of governors ought to suspend suspend sus- sus pend end the call cal on May Day pending an ana but such a step will not note n wil pe be e taken f is stated by some that the he exchange no way responsible responsible responsible sible for the tue the May Day ay mismanagement mismanage mismanage- ment will riot not remove remove it from the board list 1st t s h a an action Uon would be unfair the to- to je the Innocent stockholders Innocent stockholders who may desire to b sell sel the stock The feeling Is str strong ng in certain quarters and it will be Insisted that th the board oard shall do something to discourage mining companies from misleading stockholders by the declaration of false dividends although it i is admitted and cases ore are re cited where such practice has hasU U 1 been worked in the pest past past |