Henry Caspar Pirrung malfeasance

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Henry Caspar Pirrung malfeasance - BIG DIVIDENDS Drawn Fromj Capital City Dairy...
BIG DIVIDENDS Drawn Fromj Capital City Dairy Company, Government Claim. srsruL dispitc to th Kioriaaa. Columbus, Ohio, July l. Aa one of the laat steps before closing Its case early to-morrow to-morrow to-morrow morning the Government ln the prosecution of Dennla Kelly, W. H. Kelly, M. Leo Corbet and W. H. Eherat, on trial for alleged oieo fraud. Introduced Introduced much teatlmony about the proms the men took from the Capital City Daliy Company. Dennl Kelly and tha late Henry C- C- Fining Fining were the largest (harera ln what the Government contenda were ill-gotten ill-gotten ill-gotten gain. In 1U12 th Government claimed from the private ledger that Kelly and Pirrung got 1100.780 each, while 1,1 per cent aa much went to Corbet, Ebersi and Corneliua A. Hayea. Hayes I dead. In 1013 the dividends paid were: Dennis Kelly, S!UIH 83, and H. C. Pirrung, IIOu.MIO 84. In this year Edmund P. Kelly, son of Dennis Kelly, appears ss a stockholder, receiving II, OW In dividends. The amount paid the two Kellys equals that paid to Pirrung. Before the declaring of thU dividend, November 12, 1UI2, at a special meeting of the Dlrectora held after the death of 11. C. Pirrung. It was decreed that Eberat, Hayes and Corbet ahould share equally In a twenty-flve-per-cent twenty-flve-per-cent twenty-flve-per-cent twenty-flve-per-cent twenty-flve-per-cent twenty-flve-per-cent twenty-flve-per-cent premium dividend dividend to be deducted from the dM lends of the Kelly and Pirrung. The aam arrangement arrangement for the paying of dividends to Eberst, Hayes and Corbet out of the dividends dividends of the Kellys and Pirrung was made for 1014. " The dividend declared July 20, 11)14. only a few day before the elture of the plant by the Government, amounted to ti.VU and wa prorated aa follows: Donni Kelly, U1.(I74: Pirrung, S1IK.4M1, and Edmund Edmund P. Kelly, $1,821. According to th dividend arrangement for Eberat, Hayes and Corbet, they would have shared equally in more than $.V.O0ll. It wt declared the 1IH4 dividend never waa paid. It was not du until January, 1111.1, and In the meantime the plant had been aelxed by the Government.

Clipped from
  1. The Cincinnati Enquirer,
  2. 02 Jul 1915, Fri,
  3. Page 7

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