New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-12-29
THE TIMEs, BANKRUPTCY CASE.
Petition of j. b. HOyt-The Claim of Mrs.
Y vE..s.s-,.c,,... .,GE I.,.., Es.:nn..-

| snow cause why the marshal SnOuli not
restore to Mrs. Alice King, widow of Viii
liam H. C. King, all OF the property seized
in the Times, upon her giving bond, was
heard in the United States District Court,
sitting in chambers yesterday.
For Mrs. King-Counselor William H.
Hunt
For j. H. Mckee-Messrs. Cotton and
Levi.
Mr. Henry Green was examined on the
motion to bond.
BY Mr.. Hunt am one of the executors
of William II. G. King, deceased. and was
in possession of the Times establishment as
agent of Widow King at the sale Of the
paper, and have been in possession since
then.
The paper is required to be insured in the
name o. Mr. WeeC, transferred to Mrs.
King. and is insured to the amount OF
500, 600, and the policies had been trans
ferred before the time Of seizure.
The effect OF keeping the Times office shut
up decreases its value very much, and the
| The good will OF the newspaper Is at
tempted to be put into other channels, and
the whole is very detrimental to Mrs.
| Kings interest
BY Judge Cotton-1 have been business
manager of the Times since the act of sale.
Ny salary was paid out of the office re-
ceipts paid myself and all of the en-
plOyes.
understand that the entire establish
ment was pledged to Mrs. King for the pay
ment Of the consideration of the sale. The
nOtarial act speaks for itself. 1t sets forth
that Mr.. HOYt was the owner Of one half,
but don't remember that he ever made
his appearance in the Office and represent
ed himself as the half owner of the paper.
do not remember the day when | saw him
first in the office. Mr.. King introduced him
to me as partner, and one half owner Of
the paper. This was before his death. He
died in the summer of 1868
Question-Who is the entire owner of
that paper now Answer have looked
upon Mr.. Weed as the owner of it, but do
not know whether Mr. Hoyt is the owner Of
one half or net row, but at the date OF the
act OF pledge he was. The act represents
that he had one undivided half interest in
it, and I do not know whether he has ever
parted with the half interest or not. As
custodian of the newspaper do not know
that Mr.. Weed or Mr.. Hoyt acquainted me
with any transfer having been made Of Mr..
| HOyt's half interest. have not seen him
until within a few days, and he did not say
| that it had happened.
QuestiOn-WOuld you not have known if
! the transfer had taken place! Answer
! No, sir, they may have done it without my
| knowledge. l have never accounted to Mr..
| Hoyt for the earnings of the newspaper
| or to Mr.. Weed as his agent When he was
named as the partner of MIR King, he told
me MIR. Weed was his agent, and Mr. Weed
! has been acting as his agent in every respect
! since. Their relations have never been
| changed since the passage OF the act as /
am aware OF, and Mr.. Weed has continued
| to act.
| Question-State who, at this time, is the
| owner of the New Orleans Times newspaper!
| Answer do not know that | can answer
| that question. There is an act Of pledge,
| but | do not know whether that act 0t9
] pledge gives ownership or not.
BY the eourt--Did you keeR she boois$
| AnsWer-Yes, sir
! Question-How do gl~ affairs appear cp-
on the books! Answer-Prsvious 60 she
seizure rendered statement of. accounts
! 20 Mr.. Weed in the name of Mr.. HoYf, Or d
! statement Of whatever money Dir. Hoys
was entitled to- ON the sale Of Mr.. King
J 10 Mro Weed kept the accounts in the
name OF Mr. Weed, under Mr.. Weeds di
rections, and have6epg them il the name
], Of Mo Weed only.
Question: understand rou 20 say This.
! chat the late Mr. King introduced MTsHoyS
] 80 you as his partner in the Times and the
I owner Of one-haIf2 Answer-Yeso
Questionable Weed, as attorney ia Gaee
OF Mr.. Hoyt. represented Mo HoyS Gop-
resident! Answer-Ies.
Question-AfteT the death o. siso Ming,
/ his Widow under Proceedings, had sold 70
; Nr" Weed the remaining haiI Of the Yews-
papers and then the pape@stoOd one-halt az
Mrs llOyt's and on8rhalf as Mr.. Weeds, and
! you know OF no change having been made
since! But you were keeper Of the booksat
shat @oncern-atter Weed had purchased
the one-half of Mr. Kings estate--cbanged
! !he mode Of keeping these books and kept
! them as il She whole concern belonged 20
II he n win i'm Il
So .AnsWer-Yes, sir
BY Judge IottoD-And SiIis Ias Seea &epG
~ to This date .4nsweY-Tes, sir.
After tho change being made neye9 gave
| Nr. HoyS statement OF Che condition 81
9he business. am NOT aware chat the all
Sh0rizati0n from Mr.. HOyt to Mr.. weed was
il writing, nor had knowledge or evidence
Of the fact that Mr.. Weed was empowered
by Hoyt to mortgage his property in order
to secure the payment of the price of the
half interest pIeged to Mrs King.
When iIr. King introduced Mr.. Hoyt as
his partner Mr.. Hing stated that Mr. Weed
was the agent Of Mr.. Hoyt, but whether
there was any authorization il writing or
not there was none shown to me.
Erecting part of the act giving Mrs. King
the Ownership)s And now to these presents
the said G. A. Weed, acting in the name and
on behalf Of said j. B. Hoyt resident OF
Stanford. in the State of Connecticut, de
GIares that the said j. B. Hoyt has an inter
est in the newspaper"
Questi0n-NOw he was acting in the
name of HOyt, was that agency produced |
il writing2 Answer-No, sir not that have
seen. When AiT. King introduced Mr.. Iloyt |
do not know that saw any written agency to
Mr. Weed to manage the business for HOyt, !
and up to this date | have seen no agency
from Hoyt to Weed.
Question So Up to this date Won have
seen no written agency from, Isyt to Weed |
to manage the paper. or even to cucumber |
it for the payment Of this debt to Mrs. |
that have. no Mr., Hunt ! saw paper |
the other dav
Question-What was that paper2 An |
sweT-4 paper from Mr.. iOYt 10 a5r. Weed !
authorizing him to act as his agent. / saw !
it only few days ago.
BY the cOurt-What was the date Of it |
Answer don't know the date OF it,
BY Mr.. Hunt-State whether the hands |
OF this paper are not suffering from their |
wages being kept, and is there not q con |
siderable sum Of money in the safe which |
you intended to devote to 2 payment of |
their wages Answer-Yes, sir: there is |
some money there: not quite enough TO pay |
them thei9 W9ek e slagese b,ge there is some
money.
By Judge Clsston-Hos7 Qnuc9 .enso7o~-
One Thousand or twelve hundred o3olIars
perhaps. little more or d little less. nos
getting ready - gay Their sass0 OIL 60 tSs !
8av.
1he ssmis aei"a closes.
Mr.. 9ogt was eummon@ d. Rue coG1o1 roc
~ aR.r-oa o. < q Vrnsa ryc,o !