, 1874-01-06
4 Haayv Lumber Contract-Home
Insurance Company.
o.n,orahIe Position, Of O Hotel
Keeper.
Bankruptcy 1tems.-:Ncw snits--,An-
uourcements.

.,ca COMPANY who objected 10 the ALLOWANCE oI
- r,sns Of tho National Loan d Trust Com
.anr to open tho proofs already taken
!. .ha case. so as 10 allow the erl~
,.n,, of Lorenzo Eu4 and Willinm
. wood to be introduced. Wood, in an aftida-
:, 6led dcroses that he resides in Ealmazoo !;
r,a Director Of tie State Insurance Company
INN 1868 to 1871, ard also member Of the Ex-
t.r,;ye Committee, and IL familiar with the az
,.;r1 Of the Company. He is acquainted ~ith
coon,e C. Smith, the former Treasurer, and in
We Litter rart Of 1871. or tho first part Of 1872
,.d conversation with him, when
W {gnrth) stated that tho officers
II tie comra.y were buying up
..irs either for the benefit Of the Company OF
;or ihe stockholders. for the purpose OF protect
;ng tbcm from liability.
Il fIorepzo Bull, also Director, stated in his
.fi1sr.t that after the fire lie called on Horaco
/. Hu1Ibu:, the President, ri ea le was told
fhst .he Company WAS insolyeat, bat ho had
taseu legal advice, a1d thought the stockholders
we're not liable fox any assessments to meet
lo5ses. except, possibly upon policies out
t:.uaing at the time OF the reorCanlza-
ion Of the Company III Jauu3ry, ls7l,
in view. however. OF that possible liability,
coIcies ~ early as possible, or we're engaget ia
zeltl1us the losses secured by such policies. Mr.
c.,4f wisuad to take the depositioas imme-
3a.ely, but the Court, on 3lr. Goudy's ob1ett-
NJ 10 t4e STEP refused to permit them, unless
lie notice hal Leen given. SO a. to allow tie
13nos;ie sdt to cross-exauine.
Yesterday was also the return day for the rule
rsde ato 1t three wccks ago, for the Stockholders
to show cause why All Assessment should DOT be
us.e On thr stick to pay up tie various delts::
Alaree number OF attorneys we're present. AID
i was expected that thers would bo a
I'm f1n Il
Lclie1s asked for dclay. They alleged
uN gone Of the stock WIS mot na5le to any
assessment, beit:g rad mp in tuli, aud that the
1emalrder WIS liable in varying amounts, there
b.siug been paid 5 per cent OIL part. and "a per
cep, IN auv.ler portion. They therefore wished
ub.t each stocabolder was liable to pay.
III. George c. Campoall, for the Assigned,
eonleuaed that this could be done after
Ha.cs; that too much tmo had already
gone ly, ard many would become irresponsible
i u,ey were not held ut once.
Judge Bod:ett, however, said he did not think
It necessary to discuss the point at longrh- A
little time now would expedite matters Ill the
cud and be thought from the Suggestions that
had lecn naae, it was emlnently proper 10 grant
myre time lie accordingly extended the tine
of the rule to shaw cause for sixty days longer.
4 HEAVY LUMBER CONTRACT.
se1tus n. Wilcox and Lester G. Morgan filed
d bill yesterday in t!e Superior Court which w.N
fu7nhh at least thiee hours reading to tno luc1-
!ess ae1enaants'H taont.etoy, anoTas 10 o.
faontlefog, and the Ae,caanss easinss. Loan ,so
~ an1 t,'a a. Gti ~ 1s7s Se1tns n Wilcox
maie a contract with F.uutleroy / Co., he rep
1ss!ertins, ls own one-h9i interest osan aud
soea soe 0ne,na on the sef0Ie Ios ~ eoiug % to and
referred to as the Knox i G.tbs' job, and said
Lester q. Morgan the one-half OF certain otner
in3a $yyr vk,in1S ! Urn f1Hf n
parties ABOVE mentioned should form JOINT
Aayentuie Company. ana whereas M1leoI co naa,
Ko1ne an INC Nh!te NlVet, Mlcn., rom ',oyo.ooo ~
,oouooo 'es' ol pans na"rl NJ W 1s
,graad ~ -nr1 nvar tta fTst cnt ~ certa;n !ards
;ec1nd,no alM nm fa.t frnr, Sac u ~ How,
lnud's lob rae LOGS we're to be mostly vLita
plue. Of good quality, and their plice to
sarr according to the size, lie also arreed
to rut tia logs ip White River iu trim for the
s'orive" Of lS73. rrd tue Company agreed to
eaw al the logs into lumber and 18th. The lum-
bes WIS to bs measured BY q scaler" by Sarib-
ner's rule, vAere it was Sawed, then t, be
ehipped to Chicago auu sold for t,e benefit OF
the Comrany, aud the profits to be divided
equally between the first aud second parties.
Tie Faun.ieroy's we're to give their yard at ac-
tual cost. to take care OF the lumber IN its ar
rival, and aid in selling it. bur were net 70 f.
ceiye any salary. They we're also to use their
eutjre capltaI which was MT tn ha lnsa t}.an
s3oL01 and Obtain har, cra,,It for so) nm
mrs - noss,I1a ooa -, W.. ~ ~, 80
smoaot the toos cost ~ aA T,s, =. 4p,ose;}a p The
oa.tss.. 49,. r. 49,. ,ot,e H..
tol1lac1 was 10 close a?rll l, 1874 anu tne re-
nal1l1e lumber 10 be 6uI1 then at the best price
il u0n]d h1nv an ona,nni m In tstan ami the
49,. :. y. ~ .,'1 ~ III
p4oA1s " De uN!ocu. IL al} aiAeielces hl1oula
GlSa. theT Werb to be- submitted to Il. +. QueaI
and Andrew Moody, with the addition Of third