James H. and Richard D. Opp retire from Elmira Aluminum firm
THURSDAY, APRIL 21, 1921. a Opps Retire As Officials Of Elmira Aluminum Firm; Successors Are Selected James H. Opp and Richard D.Opp, Executives of Local Concern, Have Been Replaced and It Is Announced They Will Leave City Mystery Behind Recent Activities of Stockholders Remains Unsolved, Unsolved, as Those in Authority Refuse To Divulge Facts. James H. Opp. president and director, director, and Richard D. Opp, secretary and treasurer of the Aluminum Ware Manufacturing Company of this city for several year?, jro no longer affiliated affiliated In any capacity with ttat company. company. The Messrs, Opp have retired and successors have been named by the stockholders. Announcement of the change wis made today by E. P. Badger, new president president and general manager of the company, company, who was sent to this city by the stockholders to take charge of affairs. President Badger has just returned from New York City, where a meeting of the stockholders was held. James H. Opp is not to be the east ern saies agent or tne Aluminum Wara Manufacturing Company, as previous ly had been announced, but will en rage in other business. He will move his family from Elmira, probably lo New York City. Richard D. Opp will also leave this city, it is said. The financial affairs of the Alum!-num Alum!-num Alum!-num Ware Manufacturing Company are sound, according to an interview given by President Badger today. The company owns the extensive plant, machinery and oltlce building on East Clinton street, free of all incumbrances, incumbrances, except such obligations as are made by a growing business the size of the Aluminum Company, officers of the company declare. It is said there are but few financial obligations against the company in this vicinity and all will' be met at once. When President Badger was asked why the stockholders deemed It best to replace James H. Opp and Richard I). Opp as officers of the company, he said It was a matter which was considered carefully and the decision made for the best interest interest ot all concerned. President Badger said: "The affairs affairs of the Aluminum Ware Manufac turing Company are entirely sound. 'I he company will continue its business without Interruption. The plant and assets are unencumbered and It has sufficient assets to meet all Its obllga-tionc. obllga-tionc. obllga-tionc. Additional capital will be supplied supplied as necessary, and the Industry will continue to grow and carry on its ljuptr.cts as planned. The stock of the company is owned by representative representative business men of means, who have faith in the business. The change of local management .consists of myself i as president and 'general manager; j John Keynolds or tne r . w. wool-worth wool-worth wool-worth Company of New York City, vice-president vice-president vice-president and director; Judge B. F. Junes of Newark, N. .!., remains general counsel and director- director- H. H. Pearl remains as superintendent and Is now a director. "J. H. Opp will remove to New York City and Richard D. Opp haa resigned resigned as secretary. These changes have been made with the entire cooperation cooperation of all the stockholders." On the face of It, there seems more behind the changes announced than appears on the surface. Who is im plicated and how is a matter those in authority prefer to leave to conjecture. conjecture. An Klmiran, Informed! on the affairs of the company, has de clared that no one has been Injured in Elmira. Then, he asks, why should unpleasant matters be aired In public, when they effect only the stockholders? stockholders? If they are satisfied with the arrangements made to continue the business, wouldn't It seem that I all that ! necessary? Naturally the refusal of the company company officials to speak frankly, regarding regarding recent developments, brings a wealth of questions from a suspicious suspicious public. These, It seems, must remain unanswered for the present, at least. There are no indications now that the business secrets undisclosed undisclosed will become a matter of record and therefore public property. Whatever there is behind the company's company's reorganization of Its executive force, satisfactory arrangements apparently apparently have been made insofar as those financially Interested In the lo-'cnl lo-'cnl lo-'cnl factory are concerned.