New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-09-23
nnlEcrlNG 10 MIR Mnrr As RECEIvER.

DIRECTING TO MIR MOTT As RECEIVER
n,Nhrns A~p NrncuhNrs rrLrGRuu coHrNN =
MrAIus WANING r. s.. NrwcoNnE Ar-
rotNrrp.
Objections were made Yesterday before
Justice pouohur IN tho Supreme count Chambers to tlr
appointment or Unip.tt n Mott nttorot,otol the HWh
,s and htrr,hputt t'reuuh towpiut anal ihr u1Wo oi
ui,buul NrVtomno vpt atr' .i'd iu'lrnd Nj N"t'
unmr tra prosecuted 70, creditor of uo Telegraph conn
mu, ou FRIDAY n.t and 0,tur,,wvh} uo company
Nhoso iuutrilt ,c.lrduy vro represented hN !. N
uluet and uronr rulum smith Mr. Mott
hu4 been uc president eft the uompp .n'o
The trtI.mtuu uf 4 ~ lHmurt Ait1
mrm va. uulo yesterday on m orlor obtained N
Nc-.i. simpson Werner the couuscl of lhr Merchants
Telegraph Construction Company on Friday directing
all ui-ou4 Interested in the scuuo-tmuou 4ui begun W
huatiuu Day to show cnu4o why the motion tnr 10 to.
,,,rr should not hc tcar'd and why somc ono not iu
lcr.cd IN the telegraph company should not b" selected
ns receiver The petition eft the construction company
4ca forth that nd tan Mr. Dlmock president aud Nh
Mott ~, iunnacr of the telegraph company. aolciiod
the construction company to build for 1t LOCO mile" Of
lime AT 800 - milc payment to hc mndr Ia MORTGAGE
hnndt of the tccftnuh company, guaranteed o nrU nt
not lees than No. the construction company DE
Ing given the right To- receive 500 mllo
IN advance Ia exchange for $40 In honda
The telegraph company, II n uH7uicd through MI
Mott drew up part Of the ngrormout making a0 rtm
ciml the Empire Construction Company, " dummy con
marathon and adjunct ct thc telegraph corporations pre-
sided over 10y Gcorgc Putnam smith, ia" counsel ct A.
" Dlmock later his assignee, aud until recently u iii
rector la the telegraph company John H. Vale dllcc
tor the telegraph company II set down 49, Doing the
,ocrcar, aud treasurer Of the Empire Construction Com
pauy The construction proceeded under the instrument
prepared by MI Mott When the Merchant, ConStuc-
ton Company cu,caNorcd to sell Chicago capitalist
5000 900 OF the bond, had received under the contract
Mr. Dmuck 1t is alleged, offered to sell him the same
amount of bonds at less than ~ thcreupon tho capt
ta-t stopped all negotiations ON the plea
that the telegraph company was acting In bad fah he
fore It's officers learned Of Mr. Dmocks action 200
miles uf line had been built 10y the construction company
After Mr. Dimock, failure In May last II was learned
stock from $500 600 S3OOO,0OO, and the Increased
stock, though sold, was not accounted tor so Is rs
serted, to the company Inc mann me- ptdVt.aS llI
only one was mOrtug'd Tor TJOO,Ooo, ana
~ 300 900 in bonds. which were only to be used III pay
ing for work had been issued when the construction
company applied to Mcssrs. Mott and smith for inorm
ton regarding the lith OF the p9uS on ulc nlc pu
was learned for the rSt tlnc That me me was ptlhK
constructed under arrangement with the American
n~ncr Of the line instead of the Bankers and Merchants
Telegraph Company. II was also ascerlancd that the
bonds we're not first lien on the line, but postponed
chnttc mort on the general assets OF the telegraph
company Mr. Mott II Is also alleged, has acted only ~
and under his direction The issue Of
bonds under Mr. Motifs administration Is
600 without any apparent equivalent for the company
while tho stock has deprecated to 80 The company
borrowed pay the July coupons and dividend OF per
cent The Indebtedness OF tho company In the three
months of Mr. Motifs presidency Is said To have Dcch
Increased by S7,OOoO0O The debt TO tho
construction company gwen as S20iOOO Ia view 0i
the improper and unlawful Increase OF the telegraph
company's debt and the " reckless imprOyidcnt and
lavish distribution Of securities among the friend, and
associates OF DmOck aud Mott and the company fall
| from prosperity to ruin during the so-called
presidency Of Mott" and the fact that he Is u
mere ngure-head for DmOok the construction compa,
thinks that other receiver than Mr. Mott should
be appointed Tho andavit Of Andrew j. Baldwin, tho
presiIput VI tia i-yus LIN pnIDi@nT "h"r~@> That ~