OCR Text |
Show WHERE'S JOHN W The ISomls Disposed of and the money 3Iissing'. President Holbrook Cites Another Chapter Chap-ter in the History of John "W. Young:. The annual meeting of the stockholders stockhold-ers of the Provo Street Railroad company com-pany was held in the U. S. Marshal's office in the Courthouse last night, for the election of a board of directors and the transaction of other business. The secretary submitted the following follow-ing report: resouuces. Road Bed .$32.085. Ti Rolling Stock 12,008.51 Real Estate 7 127933 Miscellaneous Property '"55.46 Repair Shops 16 19 Accounts Due.... L)ss and Gain to bal 2,806.74 Total, $5o,8o5.0o Liabilities. Stock account $16,700.18 Am't overdrawn on Treasury, 1.381.91 Bills Payable 15.095.56 Accounts Payable 21,677.00 Total. $55.855.Uo The report was accepted. President Holbrook stated that a short time ago at a meeting of the directors di-rectors it had been decided to place bonds on the market for the purpose of raising money, and that 200 bonds of t?o00 each had been placed in the hands of John W. Young, who was authorized author-ized to sell them. Mr. Young had gone to New York for that purpose and had only succeeded in getting $9000 advanced ad-vanced on them. Of that amount 14000 had been paid to tin banks, and $1000 for labor expenses, the ualance had been paid on the new motor. As to w hat had become of the rest of the bonds no one "was quite certain, as John W. had gone to Europ and he had not been heard from. Word was expected every day. The Lake Resort tne oniy means et getting any revenue, had been a dead letter as far as monev was concerned, w ile the freight cars had been tied up eo that they could not be used for hauling purposes; but there were hopes of them bein- freed, and then they would be able to do something for the city. The election of directors then took place, when the following named gentlemen gen-tlemen were elected: L. Holbrook, R. H. Dodd. J. F. Gates, Wm. Probert, S. S. Jones, Peter Stubbs and R. A. Barney. The voting was done bv shares. Some discussion arose "as to whether the secretary and treasurer should bo elected by the stock-holders or appointed ap-pointed by the Board of Directors, and it was finally decided that the stockholders stock-holders should elect them. Moroni Snow was elected secretary and George A. Dusenberry treasurer. |