Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1884-08-14
q. Hitchcock Retained as
Receiver.

cheek by jowl with Gen. Noble.
8hs TEARING lasted from l0:45 A. NJ. TO
6:45 4. Il, with brief recess for lunch.
MI. 70. z. Allen opened the argument
BY sho1inx reasons why MIR. Hitch
cock should he continued us receiver.
Hafead y letter from r. NJ. Olipisaut,
aeeertiDg Mr.. Observation-Disclosures
~ practical business man, based on
Esub-letting contracts for steel rails
htch he could MT make at Il profit in
he Vulcan mill, aud on his largely in-
Efeaslrg ti,e company's revenue from
l4he works ut Pilot Knob. He read III
70 letter from J. c. Simpson. i'm charge
of the Pilot Knob works, showing that,
whereas the ore IN sight in June, 1882,
did not exceed zoe. 600 tons, it exceeded
1000 600 tons i'm 1884; that the cost per
sfOn had been reduced i'm that time from
e Ito 81 IS, while the daily output
had been increased from 1877 TONS to
ne4x1y 600 t0ns-a result not sur
by more than two mines In the
cOuutry. Mr.. Allen reviewed the vari
Ons rail ore and coal contracts sought
f0sbe Rfotected by receivership, and
sNl4nd The man who made them, and
Who was most familiar with them,
coQld realize the best result for all con-
oexned BY carrying them out.
REVIEWING .HITCHCoCK's STEWARD
SHIP.
Ger. Noble followed with figures
allowing that he represented $40 bonds
of the Vulcan Iron-works, $500 shares
of the stock of the st. Louis Ore and
Steel Company. and some SIS 900 of un-
secured debts. His first and his last
and every word between was directed
In opposition to Mr.. Ethen A. Hitch
cock as receiver. He claimed that the
bonds he represented were really
general debt, because their payment
hed been assumed by the consolidated
.cQmpany. Next he declared gross in
Justice had been done when the Direc-
tors of the consolidated company bor-
rowed money on second mortgage in
stead of issuing some of the 1,500, 900
shares of stock not issued when the
Vulcan and Pilot Knob Companies
were amalgamated. He criticised Sc
vereIy all the acts by which the stock
of the Grand Tower and Carbondale
Railroad became the property of the
Ore and Steel Company, and quoted
!. from the case of the Pullman Palace
Ear Company vs. the Missouri Pacific
10 show that receivership of stock did
mot necessarily carry with it control of
sdhe corporation issuing the same. He
ealuded to the membership of the Vul-
asa in the Bessenler Steel Company, of
I ss..;,:.nsylvania, by which 1t happened
lat the Vulcan when idle received it's
* psrata share of the profits CT the 9TH
.nHls in that association that kept on
ssunning, and charged that this money,
essict had been designed to apply to
.cial uses. had formed part of the
general fund of tile Ore and Steel Com
pany under the Hitchcock manage
9 nprn
cdmipg downs to- the notes Of the
Grand TowerA End Carhondale Railroad,
Iahich were negaf1ated with bonds of
II .;ompany aaf6lIa teral, the inter
the bonds being guaranteed by
elsci,tgage on certain coal and min
coun, nds belonging 10 tbHQOre and
..arompany,h e said, in<astct, that
menfeess so!lsseral noh nd ther gre ne
were o4Dhe xol bffrS.f, and ea Steel
vice kn5w,fAeh politician Arsn-
sorted to to make converts apssJsJre
them to the polls. In consequencesi
is fair to say that not a score Of Demo
crat. in that county RETAINED ffsn ea
crcising freemans privileges and exc
cutting freenan's will last Saturday
The following is thssatiekstchose
Representative, J. GsireA M srif
Henry spiva; DIE BUsrc
; nan; prosecutb tcee ace q the aea ea tha
: wards; treasws bus;ns ~ .s the fol.
SCISSOR, R. lying statef the follow.
Downs; puifs11s hss.e y Iooas a' -
Downs; county 1Sas. yao ssea , Iaav. In
Joseph Schultz. 8h sf.ake. SS21,-