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Topic: Keely Chronology Stack
Section: The Keely Motor Company
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THE KEELY MOTOR COMPANY.
STOCKHOLDERS HARDLY KNOW WHAT TO DO NOW THAT KEELY IS DEAD
PHILADELPHIA, Dec. 20, 1898. - The first meeting of the stockholders of the Keely Motor Company since the death of John W. Keely, the inventor, was held in this city to-day. Charles S. Hill attorney for the inventor's widow, stated that Keely's secret did not exist in manuscript, but that Keely had made a suggestion before his death that T. B. Kinraid of Boston was the one man who could sucessfully carry out his idea. A long and spirited discussion ensued as to what course should be pursued. It was finally agreed to leave the entire matter in the hands of the Board of Directors.
After Mr. Hill had made his statement he announced that he had a secret which he would impart to one man. This communication, he said, was of a nature to encourage the stockholders and to induce them to leave everything in Kinraid's hands for one year. John J. Smith, one of the Directors of the company, was appointed to confer with the lawyer. Meantime the stockholders elected the following Directors: B. L. Ackerman, George H. Hastings, John J. Smith, A.M. Clomney of New York, and Lancaster Thomas, Sylvester Snyder, and John Marston of this city.
To-night Mr. Smith reported that he was not yet throughly satisfied as to what would be most desirable, but that the secret imparted to him by Mr. Hill offered great encouragement to the stockholders. Mr. Smith could not be induced to divulge any of the information given him.