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Quarreling Ove Cement Co.

Quarreling Ove Cement Co. image
Parent Issue
Day
18
Month
September
Year
1903
Copyright
Public Domain
OCR Text

QUARRELING OVER CEMENT CO.

Officers of the Company at Four-Mile Lake

ARE AT LOGGERHEADS

Case Now in Circuit Court Which May In the End Wind Up Company

Homer C. Millen and the others who were sued by the West German Portland Cement Co., of Chelsea, as conspiring against the company, have filed their answer in which they deny that any capital stock was ever sold by the company or that it has any real estate or money except the land at Four Mlle lake worth, they claim, $3,000 instead of $25,000 as asserted by the complainants. They deny that any $750,000 of capital stock was paid in; they deny that W. C. McMillan is now president of the company, but say that he had resigned and all his stock had been returned to the company and Homer C. Millen was the acting president. They claim that the judgments against the company obtained in justice court at Chelsea were bona fide judgments. Millen claims to have paid out $3,000 of his own money in an unsuccessful effort to sell stock and asserts that Lerch, who is the complaining witness and secretary and treasurer of the company, is financially irresponsible and that a petition is now being heard to declare him a bankrupt; that Lerch had stated when Philip H. McMillen had presented a note for $5,000 against the company that it had no money and charge that Lerch himself had been bleeding the company for the past two years.