New-York daily tribune., 1858-11-17

Irrr.ss......................... <b,ci %
IT, the Sn,.r.mc Court at Boston Yesterday, before
.Jadaes Shaw, Me,caH aid BiEelow, Mssr-. W. IT, +.
Wsstburu and Ctares g. GO- Inch appeared Oh be-
half Of tie Receiver Of the Bay STATE Nils to Ak
the Cour 10 authorize the proposed plan Of hqaldsng
the debts Of the Company. by tTan.i-r ami oy the
formation Of new corporation. W. copy the e>sen-
tial poytion Of tie report from The Bosom Trreer'
Mr.. Crownir.bield ore of the Receivers, made
s,ste .rt bs, property in Mn York hac been -u1 To
the amount Of $525 coo, which had pa--ed into the
hands Of the as-igiee there. The Receiver here hal
money. b4Ik debts, notes, &c., some $b""v OF
sec lG0 Then there remained tie mills propery,
&C. al Lawrence which the creditors and others De-
heved il sod al auction, you'd he sif Mt -sc hc"'
The Rec. iverr tberefte, willing 20 have new
company take the ms at an greed price, a. some of
the reotors ished to do So and tarn e debt into
loan to the pany, which SHOULD be o Torn
pr, able at five years. There was some creditors VINO
we're siinated tina, they could not Hgree to tli-
satisfactory dividend tU them might be- made III some
wsy from the person"l property. Tie Receivers,
therefore, songit such power in the matter as Inc
Court thought fl to give them.
Mr. Bike stated that last Nav the proposed sub-
scription Of creditors to an association hr new 60 IL
par to take the property and work il, was besln.
NineteIihs Of the creditors lad into this, bot
there were some who could not legally, and so the
subscription had expired by special limitation.
There we're two classes-oDe class To take the new
stock for their debts the other to turn their Claims
into loan To the stock company. By the credi-
tors sun rad been subscribed for ney stock 70 the
amount Of 81 800 GO Those VINO felt uUa,,uol'zAd
to cone H. we've creditors TO the amount If $6J, coo;
leaving $500 eco worth Of claims which held aoOf to
zee ow alters pIogressed.
Mr. L"riDg corroboraed the statement Of the last
speaker, aud said that the bank and other creditors
Who felt themselves unauthorized 10 act would no
doubt cone 10 to tie plan if power grated,
80 as TO secure an assent Of 5000, 600 out of the
S24nl go of claims. These would be cut tied to fve
sixth Of the assets at and those who refnsed To
come in would have sne-siIth, and get it. The
assentrrs woud also be- entitled to fve-sixths Of the
property, and be- able at fair appraisal, To pay oil
The onesiah claim to the property Of the nom
assfIiers 10 the plan.
Mir. Preston, on the part Of some Of the non-assen
ters pIese nted their clauis aud wlshes for ime-
dietc actual ssle Of the property 70. cash, and n
thorough dividend throughout
Mr.. Blake said he was personal creditor Tor Tor
slC2,O0n and repretented something ike SlooOU
more He had heard that n 'orImr sale the property
at LrwTence wonld not bring $iOO,OO0 He thonght
himself il might bring Sj50,t0
Mr.. Goodrich made reply to the remarks Of Mr..
Preston. He also wen. on il eXplana ion Of certain
cte6 matters in reference to the order which had
been prepared for the signature Of the co4rt
At This point the Ietiiior Of Mr. ChaIer Bncking-
ham Of ew-Yoik, the holder Of g. 900 acceptance
0! the Bay State Mills was read, stating that he with
others that city, held paper Of 9 at character to the
amount Of 81 900 GEO. for the payment of which pro-
periy in The hands Of ". G. Lambert Of New York Of
The value of SiC0 COO had been assigned. They d.
sired that the lien Of this property should not be preu
diced by the present act oil cf the court.
Aftr some discussion it settled that i; the funds
in the hands Of Mr.. Lambert should be paid to
the receiver, clam should be pre- diicei eby.
Under this arrangement the creditors will sign all the
PAPER.
The court then announced that a decision woud DO
given in the matter Oh Tuesday.
Messrs. Roswell C. Peck and Samuel Waggoner,
tried charge of conspiracy to defraud 10 the man
agomert Of the Voluntosn Bauk Of Connecticut,
before the Wiudbam Superior Court, have been ac-
quilted.
The following are the Currency, Land Waraut AID
Specie quotations for the week, corrected from the
rates current at the Banking Office of Messrs. Thomp
son Br, thcrs: