New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-06

Iunru, matter Tor week II Is reo.ted th"t b .
Alrxan preferred receiver by the persons Te,r
anad by Sir rwell ". Cary Su td ap "ar~i ior i''n
tiiis, aud Henry q. Murphy ior tl1 C'""r.ny
COMPLICATED BUSHES, TRANSACTIONS.
MOTT ~ FOR RrC liver Against I'll RUSSELL
AyD ERWIN MANUFACTURING co iPASY AID
UTnE T.
A motion for receiver in The suit OF X. L.
Drun igi. The ituSsei " Erwin Mandiaotunny Conn
p,ny and Others yesterday argued before Judge Law"
renee, In Supreme Court. Chsnbos According u brnHs
story he wis the New York ri agent OF tue Russo"
* ERWIN Manufacturing Company from 1864 10 1874
Tat Company AZ nts 10 soil on commission Sood'
from two establishments Of r. L. Amcs, sold ~ good,
~ the Douglass Manufacturing Company III
1872 Thomas Douglass arranged to buy oIt
Amcs's worNs for 81 5000. myn; one third In c'sh
oncthirl by note ia tors ID by ToIn son j D. Fdn ana
onctird BY two other notes which plaintiff mooTsod for
the Russell ~ Er vim Company To socurc these notes
the property conveyed To tbs plInln IA trustee w
carry tho business and, aior paying expenses. I" pay
the notes There sin othr property conveyed by
Ames for S1OOOOO paid by note. Endorsed by anlin Tor
thu Company. but Brur says thor, property In the
pns.esson OF the Company to m>et that In
carrying on the business Brud was forced to
borrow money. AMI gave for 1t notes of the
DuulaSs MAMMA oiuring Company Endorsed by the Rus
stI n Erwin Manufacturing Company. Ho claims That
a. this done for the mlorcs OF tho laitcr Company
AMI. he supposed within hi. powers and was known
y,n rally the Company HO thon charges that on May
H. wa tn Company, prorojnt Ia BIZ Ignorant "i The
matter b! tbrcas Of arrcstns him drove n to assign
stock III the Company held by him. and AFTER inluiring
nfo nj tie facts slr oath or July, got hun Ia assign
over the property. undertaking 10 assume ali The
debts which he had incurred and tho money
he had advanced In It's management, bat tiat
four days later they formed Douglass
Manufacturing Company In Connecticut. and
tie inventory valuation was S+27 .0O0-anl sine. then
,hc, have lrf,ined iecgnise his d b.s that at tc
tim oi his TRANSFER thr-~' oos ii not exceed Sl0OOoO
m tue me rnaIdse they had ~ htnl Vas wnrth
aside that the Def nlintS he compelled 10 pay tie
debts incurred by im III The matter. a1d th.t receiver
be appointed
Tao ,io ouLtnss tell hg rent story. They that It
was u seit, rIie with their Com .ny to issue any
lhper, ANA phh'i 'i ID riE 70 nllrSr lay paper Tor
them except what was received In payment from Their
customers that they knew nothing Of his transactions
wnn Ames ia ia tho SpfinH OF ~ they hoard ti'I
yrcr paper on the strort and were sb the same time
i ina, Bruif denied tho making Of the uo;c.
ill they en ned 1t concusvey from other ronrc~. and
ia: desire TO protect tie onpany assigned his stock
security that they then made carfni exanin 'tion
ing Of all interested was had In whch It was tounI
That :" "na ny s tTus, u proGsr t Toud Come DC
Il cndant in this action. Erur claimed that he had ad
ydnc.d $lbO00-wnich the Company now say IN
truelid Douglass ). O0o. Ou this basi. tho Com
piuy organized. Tue Company charge tnat before
the trust drt-i nm offered asnm the debts and
Mr. Flint swcas that after no advanced his mon'y nc
int trusted the deed BraE To record, snd BTh Taed
10 record It for nearly two years, In fact not
IN HI, transact ms became Inc snpioct Of inquiry
TBe deondins further sas thai negotiations wiz Biud
were continued down IN last April. Bri string bus
large portion OF the stock OF the Dogass Company ana
rolic,c with Flint the Rlssso Erwin Company OF al
liability. asainS that debts DO STAYED nH thas IL was
til his fuai breaking III that negotiation that
they set to work In earnest To study thrir liabn
ties; that they have s1isfactor'ly arranged one
debt 10 Ames for $4,000. and secured another
claim for $4,000 for sCeci wuch the Company context
the ground tdat steel fnrpsod n.erIor and
thong not, they beivr Liable, tiny prepared "a
IA all proper CLAIMS craving Umt of thU Trust
actions On accounts aud tIat tho dNohjants
not claimed iO bs bIe ueot all ssibe laOili-
In matter, the defen iants Insist trr IA
b. uJ urOus. rhc Court reserved its ooisVn Nj. Owen
appeared ur plaintiff L. q. Asaicy and LutDer Marsh
Tor defendants.