Arizona weekly citizen., 1884-06-07
THAT STATEMENT.
I. l.. stilss. the Receiver of Hudson S Co
 Makes Few Remarks.


 Hudson X Co. by the Tombstone gen tlemsn,' sad he. "They had tuiI acsess to ever. thing ia the shape of n docu- meut winch ha- come to my possession or knowledge. They made their owu examination, asking few questions, ar6 they have perfect right to th,ir | o2lnlon. Neither have I anything 10 say Tn regard to the conduct of tie affairs of Hudson x Co by them, pre- vlous to o'c! ck of May 9th: after that time freely take al responsibility for ever' thing tbat has been done " me or with my knowledge or consent.
 Bu.. m iustiee to the creditors who are prim r.ly interested in this estate. cannot let 20 uncAallenSei some of the s'a,emt nts oi fact which are made by tue committee us reported in the Star, for they are to mo the most in- compreheusible of statements, and can have no other effect than to scare eredulous people into an unnecessary sacrifice of their claims against inc estate. There must be ap error in the print making the total labi.lties S2J6,2OGOl; the comm:tts meant assets Co that amount, and they pIscs the total liabilities at s396.3kl7I, ahow- ing an eX.e-s of H. bllIt es over assets II Sl4B, I2l ,IL. Now T. must be remem. beied that ,he comm tee are suppo.eI to Dc eIyIDg bottom figures to ths Iomb- s'one creditors, ou tucson assets. and taI, appears pie,ty clearly wlen vuu note tna; out Of S93,UUU, face yaiue of lie lOmvstCno assets tLey have mt down SiO,CUU as good, and that oaL of sJJu,UUU, iacs value of Tucson assets they had but SloG, ,30i32 good, the per ceutdgs m tLe OLe Case Uelng 15, and in tAe ner 5. IL will Ue srea th.t they hav5 been very severe m their scaling of these assets, When reference is made t. the Teal estate, winch Was assessed for taxation n tn county last year at up- war1 of Ss11, ,UUU. k put down by the m mIttee at bat S23. .lUO. 1t Is simply nJnsrAse to put su:A a cut-throat vaiua- uoG on propeIty here, aud If the OtLe- valuations are equally llliberal and uu- !u~t, certainly tre report ~il be found d very unsafe reliance. That none Of tnt m are 60, tnlhk Is clear.
 la tGe statement the Ii st thing I note IS Furniture, etc, S2,OOO." The fact k that two members of the committee have offered me S3,JcO for the fixtures at Tombstone, n claIas.
 The bank balances m favor of the es- tale are all wIoug. Inc committee themselves saw some of the statements 1 have received, ani the figures winch give arc there m black and Nhite. The Daiance at the American Exchange bank, as per ststrmrns May r. b, Is SI,515 91, instead of S2,oOS 40: tt Mas saonus, tis National bank, S1, ,U=2 j2, Der statement May 2o;h. insto ad Uf SJl6 S3; at Merchants Loan and Tru-t Cpm Iauy Sl,oJl, instead If S5C6 o3; at Cen lrhl Dana ot Philadelphia LOt less than SiU,UOU; at SeIIg nsn X Co.'S there Is g Daiauce in favor Of Si,oJ2 @, Der state meut on May l9tu, in-ie al Q; SlJ,634 s aguBst a mistake of SlS,zS6 94 b. tie committee. Iu es;:ma'iIg "cash" the committee put valuation of but S3.lUU ou huisOu's real estate; as l. that, all l can sat IS that 1t w-s assessed last year i.t Sl4 oO0.
 lLey throv out the Pima county bonds. which are held as security for advances to the Port Lohos company, to tue ex;e4t of over S-0.U0J, Instead of SI5,S2i I6 as absolutely worthless. 1 an sorry 1 haven't a list of the notes witch the committee sets down a. quesIouEb e a d worthless to ih- amount of s5l 5yO Jo; lt ~unli make veiy I1, 1,errstiLg TvaUng IT IUcsun, and p-JDably iu Tombstone as well.
 The Ly!d d NllIicms notes, the com mittse could have Iearaed, are secured by the notes of other people who are : Del eyed t0 be faIily goDd.
 All of Mr. b .yIu,' indebtedness, they : might also have known, | secured by a quantity of iEe stock of the neH Gun sIShI company.
 The gentleman who holds the Iuily, ] Ouhoa q Co. first mortgage miEht have ! Tuld the committee that his mOrtgace ! Was actually ioreclosed, and that in the operation l got lot l3, ia block lSi; lot ] 6 aud half ol lot :, m block 2j3, and Eii of blocks I22 aud I3l, In thus city, free and clear, without any expel-e what ever.
 The commit e's estimate of the value ! of the o,erdIlftS, hOwrv, 2. IS the wcrs. of all. IUere uie two Overdrafts n 1 Tombstone, alone, tuat are perfectly good, aud wbicn amount to full S25,OOO.
 The Southern belle Is pretty well ! known here and to put It down Tn the way the committee do, as worthless, IS very uuiast.
 How the committee g | he indebted ness of the Guneight company up to ! S34. .64S Is Is aeyOBd my compTehen'iOn- The whole of the Gun-Icht accuunt Was ! put into judynent iasI summer m the case of Ste nield VT. the Oun-lSht CJ ! and from the return of Sheriff Paul on . tbe execution, July 2l>t, 1885, l get thv : balance then tue 10 be SlU,32432. Since then there las been paid fer taxes, wstchmen. etc, S4O6S.12; SO that the actral amount seems to be Sl4.JS3.O4 . ami tue interest. Edward nudson's overdraft Is to te | part:aliy covered b. conveyance Of bls homesteand; lot l, in block l9l, m thls city. ,,-.,,. may simply gay that the committee l sion!d Lot complain that men clve such security as they have for tbeir md. Dteu ness; and that efore tley put slnr on the Elect ic LIGht Il, ok, they should ascertain whether the asst s-ment men toned affects the stock hold. , As to the note of Hudson Tor SIu,CUu. l | will say tlui II Md- A . ut tStNN all. in the sense inrinuated. It Is and
 was in my schedu' L, and the 9mmlttee saw if there asked me why l valued 1t tt nothing. ItIs not and never was en- dorsed by JoLn Nasson. lhe name or \. P. K. $ ,fTorl, a> payee, as well KS en- dorscr. tho committee know ls erased. and ey fully relieve that tue ensure WAS made over two years ago, an1 Tor full consideration. IL IS worthless De cause 1t k the note of Hudson d Iooie onIv. and is not likely to Le coilsctable. IT. seems to me that the committee have cbnrred the estate with the Inability to Eil.ott. treasurer, anl have not giy- en 1t credit for the securities m ms Lands-a difference o! SS6,OOo, in favor of inc estate. Substantially my only objection 10 tue report. aside from the no doubt. unintent:onal mistakes m the figures of the mmittee, IS the siashing way in which they treat ever!thlhg ln ',,oda no nronni,es in regard tO this es-