Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-05-18


$4,000 They were confident $4,000 |
would he conservative estimate.
The Supreme Lodge also has a per-
mancnt investment fund of $4,000. |
One Of the gentlemen thought IL was in
vested by Nlr. Wiley under the super
vision of the board of trustees. lie
hardly thought it was invested here,
because il bears interest at the rate Of
per cent, but he admitted there was a
possibility Of it being invested in this
city. Ills companion was OF the opinion
that Mr.. Robinson had invested this
fund for Mr.. Wiley. Both Of the parties
interviewed felt assured that the knights
Of Pythias are amply protected.
One Of the gentlemen remarked that
lie had seen Mr.. Wiley, but through
dclicacy had not mentioned the qucs-
tiun Of the finances of the Supreme
Lodge. His companion expressed sorrow
for the mayor, but said he believed in
protecting the order. If he was
supreme representative from Delaware,
he declared with much feeling. lie
would know the condition Of the
Supreme Lodges finances.
The reports Of TIE supreme body are
issued quarterly and annually. One Of
the gentlemen said he had NOT received
report for six months and he had had
no conversation with Mr. Wiley rG-
SpeCting finances for u year. His COM
panion said ite lad received copy Of
the last quarterly report and looked for
it last evening, but could not lind it.
The publication Of the last annual re-
port mas not been completed.
WHAT MAKES THE PYrnIAEs ANXIOUS.
While the belief is general that the
security Of the X. OF +. funds involved
III the Robinson failure may be ample,
some members OF the order are natur-
ally apprehcnsiye that some trouble
may result. IL will, it is urged take some
| time to convert the securities into
money, and this may tend to make it
| impossible to enjoy the immediate use
Of such money as may be needed FOR
current drafts upon the orders funds.
| Apprehension is also fclt lest the trans
Ter OF the Bccson farm to Mr.. Wiley,
! ftr the security of the X. of P. funds,
1 may be resisted by other creditors, In
which event costly litigation, delay,
| and certain loss, to what extent cannot
now be estimated, might result
pEHAvEN & rowNsENp's MOVE.
DelIaven g. Townsend OF Phiiadel.
| phia, on Friday, through their coun.
1 sell Levi e. Bird, brought suit against
Henry G. Robinson of the firm Of r. X.
Robinson " Co., at the prothonctary's
office at the court house. A summons
was issued and placed in the hands of
Sheriff Gould, and was served on the
head of the broken banking firm that
afternoon. Mr.. Robinson was sum
moned to appear Monday.
There are quite a number Of minor
creditors Of the defunct banking firm Of
II. r. Robinson s. Company who de.
nounce in angry terms thealleged selfish
action of the bigger creditors Ill their
unseemly rush to capture for their own
special benefit all Of the assets Of the
iirn, to the total exclusion of everyone
else.
The contention is made that the bank
ing firms assignment of assets may not
stand in law, as the failure was common
rumor in Philadelphia Saturday week
and was common rllnor here on Mon
day, and the assignment of preference
judgments was made subsequent to this,
namely, on the following Thursday.
The question is stoutly contested as to
the right Of the local counsel of the in
solvent banking firm to select ut his
fancy, or upon auyonc's suggestion,
who shall specially have any ad-
vantage above the other creditors.
The obiectors to this assumed dis
tribulion Of assets 50 still further
and assert with equal insistence that
the alleged transfer OF the Becson prop
erty by Mr.. Robinson to Mayor Wiley
is, under the circumstances illegal, and
the transfer Of the iO-acre estate, said to
be valued at $4,000, would not hold
water in contest before the courts. 1t
also was made several days, SO it is
alleged, after the general public knowl-
edge of the firms insolvent condition.
1t is asserted SO in the face OF the fact,
as alleged, that Mr. Wiley already holds
the property deeds.
In fine the whole contest is embraced
in the assertion that the insolvency
existed previous TO any assignment ot
property or the giving of preference
Judgments, and that now all the assets
must 20 into the common Pot for the
common and equal pro rata advantage
of each and every creditor dl II. t.
Robinson u Company alike.
RAISED oS THE HELMRATH CASE.
There is II large number Of these
minor creditors throughout the city
whose claims compared with the big
Philadelphia creditors alc small, but u
themselves arc very great, being in some
instances all the savings they have.
Tie contests Of the minor creditors il
largely based on Il recent decision in
the local courts Of an exactly similar oI
parallel case when Judge Cullen iasi
November handed down his opinion III