St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-01
THE CHICAGO "TlMES."
Horace A. Hurlbut Appointed Receiver
Without Power to Change the
Policy or Management.
Especial Telegram to the Globe. |

CHICAGO, Nov. 29.-Judge Tuley this
morning gave his decision in -egarc. to the
motion argued before him some dSys ago
for the appointment Of receiver for the
Wilbur Z. Storey estate. In doing so be
said that the complainant, by her original
bill, and the defendants, by their cross bill.
all sought the appointment of & receiver
for the Times. On account of the
peculiar nature Of the paper, and the neces-
sity for the preservation Of its interests,
there could be no doubt of the power Of a
court of chancery 70 act in the premises.
The only question was, who should be ap-
pointed receiver, and what should be the ex-
tent Of the powers conferred upon himl
The heirs desired that the present manage
ment should be continued under receiver,
and large proportion Of the creditors de-
sired the same thing.
Objection was made by the complainant
that the present manager favored the heirs
and was sntagonistic 10 her interests, and
she charged him with mismanaging the paper
aud throwing obstacles in the way of an in
vestigation. He did not think that her evil
dence was sufficient to prove any OF these
charges, and he could understand why Judge
Knickerbocker should appoint Mr.. Patterson
conservator Of the estate, but the powers OF
a chancellor over him were absolute.
He could remove him at will aud perfectly
control his every action. No matter whethrr
the charges against Patterson were true or
not, it was evident that Mrs. Storey and her
counsel believed them 10 be true. Where
there was any feeling against person and
suggestion or representation was made that
he should not have charge over the interests
in question, it was not usual for the court to
appoint such person unless the reasons for
his appointment were so oyerpUwering as 10
demand It,
In this case, considering the power the
court had, he did not believe that this neces-
sity EXISTED. lie knew the danger OF
any change in the policy of the paper,
and any change of management whien had
been go successful, should not be permitted
HIS duty required him 10 appoint some out
side party, hut be wOuld allow
no change in the policy of
the paper and no change in the
business or editorial management he
would appoint Horace a. HurlbGt as receiver
for the T,nses and Of the rents OF the real
estate, but he should not interfere with Tie
present. management of the paper, and the
order for his appointment would be so drawn
that be would not interfere with the property
in the hands of the administrator 10 coi.er;
pending the hearing Of the appeal on that
appointment
Judge Trambuu asked the court to fix the
amount of the receivers bond. The cour
asked suggestions from counsel on the sui
ject. Judge Trum bull thought that 500, 600
would be about rigut, but, after eonsulta-
tiOn had taken place among counsel. it was
decided that the bond shoull be $500, 600.
Horace A. Hurlbut, appointed the receiver
by to-day's order Of JuGge Tuley, is an old
time Demorr.t. very well known to all old
time Chicaguans. At present he is known as
the controller aud lender OF large sums Of
money. II borr over, with good collateral.
wants 500, 900, or $500, 900, and goes to Mr..
Hurlburt with satisfactory security, he is ac-
commodated with the money. The money
is not all Mr. Hurlbut's but belongs, for the
most part, 10 New York and Massachusetts,
financial institutions, whose agent he IS
Speaking Of the action OF the court Mr.. W.
c. Goudy, Mr.. PAtterson's attorney, said
"Mr. Hurihut is an excellent receiver, and
no appointment could give Mr.. Patterson
greater satisfaction, unless perhaps he was
appointed himself. Mr.. HurIbut is
ordered TO make no removal Of Mr.. Patterson
or Mr.. bennett, except for
cause and by permission OF the
court. This, ! think, prevents .he
removal OF any editor or employc under
these gentlemen except on the same terms.
There will, therefore, be no change in the
management or policy Of the paper"