Lum and Abner – Stockholders In The Silver Mine Are Upset With Squire. 350826.

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The rolling store has made yet another successful return with plenty of sales as Lum pulls into Dick Huttleston’s store to tell about it. Lum tells how the town of Cedar Hill doesn’t want a travelling peddler, and Dick doesn’t think they can stop the store from doing business. Actually the town is in their right, and can require a business license if they want. Besides, Lum doesn’t think his wide load of a store will fit across the bridge between the towns.

Lum and Dick comment on the absence of people in town. Where could they all be? Abner and grandpap have formed a committee of stockholders and tell the news that Squire Skimp is back from his Arizona trip. The two report on the proceedings of the meeting.

The stockholders have been upset ever since Squire had the chance to sell the mine, but didn’t. The expected dividends haven’t paid off, and there is scandal at Squire’s shady dealings. The town thinks he ruined their chances at selling the mine for a sweet deal, and his latest dealings have left all the stock worthless.

Lum had been made president in the company, but is the least informed of anyone. Squire comes to Dick’s store to talk to the guys. He gets the chance to tell what he thinks of the stockholder meeting that he was left out of as well. He makes a show of wanting to do the right thing.

Squire steps aside and leaves Lum with all his remaining shares in the mine, which also leaves Lum in full responsibility of the company and its holding.

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