| Show U Watered Stock A sensation was created at the Statehouse State-house Boston the other day when Hon Charles S Lilley of Lowell in the cburse of an argument in opposition to the American Am-erican Bell Telephone companys petition for an increase of capital stock told the committee that the company is worth nearer 40000000 than 12000000 as stated in its report Mr Lilley averred that the item for patents Ins been transferred from the list of assets i as-sets to that of liabilities and that this change which he claimed could not be I satisfactorily explained would account for 14000000 of the discrepancy between the nominal and the real wealth of the company He insisted that the public should not be compelled t pay dividends on watered stock and said the influence of these speculative telephone enterprises have been parallel to that of the company presided over by Mr Montague Tigg and immortalized by Dickens Counsel for the Bell company said that the bookkeeping a correct and invited the committee to visit the office and inspect in-spect the books The offer was accepted and a subcommittee was appointed to investigate in-vestigate and report |
