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Show TELL OF SUGAR FACTORY DEAL Former and Present President Issue Statements on Sale Of Cache Plant Attitude of John A. Hendrickson. former president' of the West Cache Sugar company, towards the recent transfer of the company's assets to the! Amalgamated Sugar company was shown In a statement Issued yesterday i by liini The statement of Mr. Hen- drlcknon was later answered by David 1 A West, president of the West Cache compuny. Mr. Hendrickson, hi his Itatemeni 'explained that before the meeting at which the transfer was made, was' held, a previous meeting had been held! I In the morning at which officers of the company resigned as follows: Er-I j nest R. Woolley, as president; William! Sprj as vice president, and It. C Rich la secretary. Joseph Feat herstone. whose name appealed as a director, .had resigned some months before. VI. W ol i n ERS "The new officers chosen at thei same meeting we : David A. West, (president; W. T. Fox, secretary, and' Abe Tvson, director, in the place ofi Mr Featherstone. Tbe newly elected officers went to Logan where their! oaths of Office were filed at 8:80 'o'clock. Mr. West called the stock-I holders' meeting to order and explain-1 led that he was president of the West Cat h tnpany The other new offl- Icers likewise explained their positions. Some of the stockholders were not satisfied sat-isfied and demanded further evidence, i which was procured from iho county i klerk wllh whom the oaths of office I had been filed. The' sale of the 9tock to the Amal-j run. iied Sugar companj was then di9- loussed, the stockholders maintaining thai it was unfair anil unbusinesslike j to sell at $100 a share when theyi could o'duln virtually $1 10 In the very near future. It wa9 then explained by the officers that on uccount of the low j prlCfl ut which sugar had been sold the company bad not made any money and that they Were Indebted to the Amalgamated Sugar lompanv. whieh had loaned the West Cache over a mil-1 lion dollars "Not one present voted in favor ofi thp sale, except the three men repre-1 settling the previous officer, who! claimed they were made officers at1 tho morning meeting of the directors at Salt Lake. The present minority stockholders numbering about mo. are extrehaelj dissatisfied and will undouhtedly look: Into the sale, believing that It was not genuine." l STS ST ITEMEN I in reply to Mi Hendrickson, David A. West, president of the West Cacht:, said: "1 was elected president of the com-1 pany on September 30, at which time' all the stock owned by Krneat H. j Woolley and his associates was sold to the DhVld EecleS company of ugden. This completely severad all connection of Mr Woolley with the West ache companv. The following day the new I board of directors met and sold to the Amalgamated Sugar company all of Its' assets in accordance with and subject 1 to the resolution approved and ratified without a dissenting vote by the stockholders' stock-holders' meet Ins at Lo?an. The consideration con-sideration was $1,000,000 wllh the ro-qulrement ro-qulrement that the Amalgamated assume as-sume Ihe outstanding obligations of the West Cache corporation In resard to the assertion made by Mr llen-di llen-di ! lison that an offer of $1 10 a share had l.eeu made tentativrlv or In unv other way. this feature was not discussed dis-cussed or mentioned at the meeting." oo |