Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-01-31
RECEIVER Appointed
FOR THg sPAULDING IRON WORKS AT
BRILLIANT 0.
Alleged Mismaragsmsni, XlsapplicatiOn Of Funds
and Other OrOoksdnsss Charged
Receiver Appointed by Judge
Hanoe.
So,ciai 7s,eoram to ne R,gh.a.

Special telegram 10 ne Ktgh.f'
SrEUBgNvILLE, S4nuary 30.--The peo-
pie of S.eubenvile we're startled to-day by
the inetitntion of a suit against the Spauld-
ing Iron Works Company, Of Brilliant,
and tine announcement that Receiver had
been appointed in ths person OF John
McFeely, of this city. The Receiver was
appointed by Judge Hance at Oadiz last
Tuesday, but the matter was kept so
quiet that nothing was known Of it until
TO day. The suit ia at the instance oi
Thomas B. Taylor holding IL shares OF
stock, Elward Dunn 10 shares, James
Marion, SIah Marion, Rachael MsrioD'
John Yesger, Wm. c. Bracken, Susan Coil
execu.tix, , shares es"h. The defendants
are David Spaulding; Chas. H. SoauldiDg
and Thomas A. Hammond, Trustees,
AID the Spsuldings, D. W. MatlacS,
Harry Wallace, Lwis Sattsrfiald ana
John Nicholson as Directors oi
OF the Spaulding Irou Works. The petition
contains many sensational averments, be-
ing thai Spaulding hasiog majority CT the
stock between them, David Spauldipg as
President and Charles II. Spsuldirg as
Secretary a3d General Manager had foil
control, and that from the organization in
1882 until September, 1888, Chsrles Fl.
SpsuldIrg
KEPT NO BOOKS.
contrary TO promise. He represented that
he bsd in slip,, memoranda and bills foD
which be could open eud enter upon DooSs
all the business Of tts corporation; that
during the fl lod of February. 1884, thee
papers, which were kept in a safe, became
come e hst wet, although Charles II.
Spauldiag had time enough to re-
move them, but tha. instead
cf doing 90 ne allowed them to
remain where they were, snd then made
the excote that the papers were so badly
defaced tina. ii wonld he m9ossble 10
;rarsoriSe them. The petition further say Z
that charter was obtained uader the laws
of West Virginia, and the capital stock
uXeQ NJ c0uu,NuO, vi WHICH iHT DpaNiuiheu
suhscribei Sl55 600, $4,000 in cash and
SIS, 900 in lands which they owed 81
Brilliant, being % acres Of surfsca ard 500
acres Of coal The petition further AYERS
that the Spluldipgs did not psy in all OF
this amount, although they claimed to
have done 30, aud further that the actual
cos: of the works was $780, 900, bat that
Charles II. spquldirg claimed that the
cast was $240, GOO, but always failed to
'urn;sh an i,emiz'd account, and on ac-
count Of the
GROSS MIsMAEAGRMEeT
| of the Spauliilgi the wOrks have been los
ing money, auG that 10 continue it under
their management would be fatal 10 The
interests of tie company.
The Receiver qualified in the sum Of
$40. GOO to-day before The clerk Of court OF
this comfy, and this afternoon, &c
compsried by ThoTss b. Taylor and
James 3ariou, went 90 Brilliant sud took
POSSESSION OF paper, money, &c, in the
offics Of the compan;. Gnd also assumed
control of the work, .hch hs will run
the balance of this week, when they will
shut down mill the eff ,irs Of the compGny
csn b. pat into pFopsr shapa to enable then
10 rfsnne Opera'i0ns