The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-06-09
CASINOS TANGLED FINANCES.
JUDGE MADAM WILL APPOINT
RECEITER 7O-DhE

| The Application In Behnif or the Arou so,,
| Favored by the Other Factions Except 4,
Regard TO the Person or the Receiver
The application for q voluntary dissolution
| Of the New York Concert Com pany and for tn,
| appointment OF Lawyer Fabius NJ. Clarke AZ
receiver. which was intended to be ex parte.
was made before Judge McAdam OF the Supe.
| rior Court yesterday.
| David Leventritt appeared early and handed
| up bunch OF papers to tho Judge without re-
mark. IL the proceeding had not been antici-
| pated the Judge would In tho usual way have
| signed tho order. and Mr.. Clarke would have
been made receiver.
As It was the mont OF Mr. Lsventritt
| acting also with W. II. Arnoux In behalf OF the
bondholders. was observed by several lawyers
who had como unbidden to the court and sew
eral rose to speak Mt once. not against tho pro-
ceodinCs for dissolution. except in the case
OF one. but against the selection OF any man
put forward by any faction.
There ore nine directors OF tho company
The petition was signed by Rudolph Aronson,
II. s. Mendelson. Francis NJ. Kimball. Albert
Aronson. H. L. Kingsbury. and William J.
Finch. Jr The other directors nre: Thomas
J. Hamilton. II. T. Cutter. and Alexander c.
Lassen. The six directors say in their petition
that tho business has been constant loss TO
tho company. until at this time tho aggregate
Q0DtS largely oNC0eQ Jno prObhDlo prOC00Q6 OF
all It's assets at forced sale.
The petition says that tho Casino building 10
on leased ground. under lease which has
nino years 10 run. At tho end of that period
tho owners OF the land may have the building
for $4,000. The ground rent 10 $4,000
year. 1t Is provided that II tho rent lie not paid
when due. or tho taxes get In arrears. O for
feiture Of the lease is worked. The rent 10 In
arrears, and taxes to the amount Of S25. All
N m I'm nnnf M fnd nh IN pA aa In
at S2O2. 400. There 10 bonded Indebtedness
OF sSs,Qoo. secured by first MORTGAGE bonds.
s' ABOUT nestes: @ The company
has given thirteen checks aggregating s877a.
by which Dixey receives ten per cent Of the
Services and Tor turnishing sceners cost4mes
and music. The Casino pays the salaries Of
Ths Casino s GSomRsny h.. made "a sontzsc.
aeceve % rsoeps
and under ~ coo; and 80 per cent. OF the re-
Of sSs pnSs
Of his receipts on refreshments In addition to
Nine 'IfS'Aillemand. soprano: Charles Rem
Leon Espinosa. dsn Gil m aster: Jennie cath:
others. have actions pending against the com-
743, and S3s.632 has since been spent upon it,
lease is set at $4,000. The costumes ard
valued at $4,000 and the scenery and prop,
that here bas
amount OF capital stock issued Is S169, $50.
i, Charles Henry Phelps. representine. the
Court should select some one else than Mr.,
Clarke. 1t would be the duty Of the. roeeiveE
gested the name OF Mr.. Clarke.
Lawyer Gibson Putzel declared that the
Aronsons had wrecked the company and de-
frauded the stockholders.
Judge McAdam said he would give counsel
until to-day to file papers as to whom he should
appoint referee. The Judge said he would
consult with his COLLEAGUES: Judges Glider
Austin Corbin has agreed. so one Of the
counsel said. to pay the rent and taxes II Mr..
ment Is asked FOR BY q majority Of the stoct-
holders. bondholders, and creditors.
Judge MeAdam will probably appoint Mr..
noon to-day.