The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-07-15
CAN'T GET INTO THE SAFE
Receiver Rowland Hunting for the Florida
Construction Comrany's Assets.

Construction Company's Assets.
James II. YOUNG and Alfred Bishop Mason.
on behalf OF themselves and tho American
Construction Company. an Illinois corporation
OF which they nre stockholders. filed petition
in the United States Circuit Court on July 8
for the arpointmen t OF q receiver Of the Florida
Construction Company. and for an Injunction
restraining the officers Of that company from
removing any OF its books. papers. or assets
from tho jurisdiction OF tho court. The Jack
sonville. Tampa and Key West Railway Com
pany were named with tho Florida Construo-
ton Company as defendants
1t appeared from the bill Of complaint that
Young and Mann each owned one share OF the
capital stock Of tho Florida Construction Com
pany. and that the American Construction
Company owns 1897 shares. The directors
OF the Florida Construction Company are
Hugh NJ. Maxwell and Robert Fl. Coleman Of
Pennsylvania. Charles c. Deming and Archi-
bald Rogers Of New York. and L. s. Deming OF
Massachusetts,. Tho first four named. with
two others. are the directors Of the Jackson
vile. Tampa and Key West Railway Com pany.
Coleman Is President OF both companies.
Charles @ Deming ia tho Secretary and Treas
urer o. the construction company and Vice;
is a director OF the construction company and
Treasurer Of the railway.
TIE Jesksonyi!lC, TAMPA and Key West
Der Of little Florida roads. On the con+olida-
ton the Florida Construction Company be-
S2.715.3OO Of the capital stock Of the rail way
company which is u large majority OF the
The petition sets forth that all the availab BILE
assets Of the Florida Construction Company.
by fh sst by
and deSensu re Of tie q and G'S Rs Snd
that the 9th er assets on the balance sheet are
that the bal ance sheet dated Oct. ]. 1885,
Feb ~ 1871 showed that the eo smaG,
!isn 0w'a thi rf balance 'Gd% aE!sd
. Swsa b Ssp So sSSxia a.;
ss21 ;043.33. The petition then states, that
tors OF both companies. and that toms in the
accounts Of one are wronGiully charged TO tho
are SO mingled and confused. that It is impos-
81 Assn
ton for receiver for the railway company is
W Rsnafs I'm piS.sa lawyer Of Paterson
counsel for the American Construction Com
psny: made ai,!da .i. tnat he had tried FOR
Of ths ba"Hs but se S'SHF
large discrepancies which were caused by
shifting accounts from the books OF ono con-
| Germ to those of tho other
The petition concludes by saying that tho
petitioners do not distinctly charge fraud.
because i is impossible to tell whsther the
shifting Of the accounts was due to deliberate
fraud or to mere negligence and errols."
| Judge lacombe. to whom tho petition was
presented. appointed Henry T. Rowland re-
ceiver, and granted the Temporary INJUNCTION
Ills bond for $4,000. At the same time he
secured from Judge Brown an order permit
ting him to employ some competent person to
| open the sale Of the Florida CONSTRUCTION Com
pany. which Is in the office at ~ Wall street.
Company to give him full ecccss to the hox in
its vaults occupied by thn Florida ConstructiGon
affidavit that he went to the compsny's office
and made application for the possession OF tho
office only MIR. futile. secretary for Charles
{. Deming. who Is il Jacksonville. None Of
Mr. Tnttle said he had not the combination Of
| the safe. Mr.: Rowland telegraphed to Mr..
Deming on Wednesday. but received no an
|