The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1881-01-20
rrAr AssrdNmENr.

In yesterdays ARGUS Was Q copious
abstract of the details of the assignment
Of the property of the Keokuk & Northern
Line packet company made in st. Louis
last Saturday evening by the Hunkins
factions, and fled in Davenport for record.
We notice that the Davidsons appeared
in Judge Lindley's court 10 st. Louis yes
terday to protest against the assignment.
MIR, Glover stated to the court that
the board of directors of the Ksokuk
Northern Line Packet company ate npted
last Saturday evening to take the pro
perty of the company out of the hands Of
the court BY making an assignment Of the
property to Mr.. Charles Green.
The court ask if the assignment includ
ed the property which the receiver Lad
been ordered to sell, and Mr.. Glover an
answered in the affirmative
The court asked whsD the sale was to
take place, and MIR. Glover replied that he
was not on that subject just then.
Mr. Pattison, representing the rccelTef.
said that no das had been sat as Yet for
the sale, There naust be sale, however
| TO continue the business OF the company.
and the court. having possession of the
property could mako an order tor tho sale
at any time Money was needed to meet
the expenses Of the company, and It could
core only from sale.
MIR. Glover said that he Was prepared
| TO argue that Ii after OF the sale. tut he
,hous ht that the argument should be post
poped until be could submit an application
70 the court for an order restraining
Charles Green, Thos. b. Hill and others
from executing a deed OF trust on the
property in the hands OF the receiver.
| The petition of Mr.. Davidson would bring
up all the affairs OF the assignment. 1t
would show how the order tor the assigu~
meut passed the board OF directors. The
| resolution came iuto the board already
prepared, and was pushed through with
out consideration. Dolly the Jour direct.
ors who voted for it knew OF 1t before hand I,
aud the deed was consumased, he undei-
| stood, late Saturday afternoon, after all
the courts had Adjourned 1t was an
attcupt to take the property out Of the
hands Of the court aud hS wished 10 have
The directors brought before the court for
con:cmpt. No notice had been given oi
the ip,roductiou of this resolution. and no
time grained !ot lis constellation Mes-fs
Gray, Ward, Hill, AID Griffith voted Tor
the resolution, aud Powell, johnson ana
| Lsurie voted against ii, having frst pro
tested against its adoption US illegal AS
soon as the resolution vas passed, the
| form of a deed already prepared was
brought out, and President Hunkins
sigued it and made his acknowledgment
before a notary, all in the space Of few
minutes 1t was attempted to defeat the
will of the Stockholders, to ipjure the
creditors, and 10 throw q cloud over
the title to the coinpany's property The
board did it, knowing that the property
was in the hands of receiver and that
the president of the company did not have
power to dispose of it, or any part of il,
without au order from the court. The
deed of conveyance was illegal and void.
The petitioner, W. s. Davidson. asked
that these directors be required to appear
10 court and show why the property should
Dot be reoonveyed to the company, and
why they should not be punished for their
action in making an assignment of their
property TO q receiver, and also asked for
any further order which the court might
deem proper and right to make in the
matter.
The matter was finally laid over for fur.
ther consideration next Friday morning,
when the receiver il to furnish the court
| with list of the property which he pro.
poses to SELL The Davidson party will
| then be given an opportunity to object &c
| the sale of the whole or any portion OF the
property so reported. aud further argu.
ments will be heard by the court.
Meanwhile the court holds the matter o:
punishment OF the Hunkins party for con-
tempt for making the assignment in the
face of the appointment of a receiver,
under advisemsnt.