New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-10
PECEITERS FOR THE CASINO.
FABIUs NJ. CLARKE AND HENRY r CUTTER Az
POINTED YESTERDAY.

FAgIUs NJ CLARKE AND HENRY r CUTTER Az
POINTED YESTERDAY.
Judge McAdam. In the Superior Court, la'e yeste1'
day appointed Fabius VI. Clarke and Henry T. Cutter
receivers OF the New York Concert Company MI.
Clarke is lawyer. ali! Mr.. Cutter is president OF
the Hegemsn Company. ut No. 1872 Broadway. An
affidavit made by Clarke presented to Judge
Nc Adam. In which he said that he had seen number
Of bankers from whom he could get money to tide
over the affairs Of the company. II Is said that
the sum Of s25 600 be raised TO pay the
taxes on the Broadway property. II this were not
done II Wits feared that the Bxley estate, which
holds a mortgage the property. would foreclose
H. Mr. Clarke also says that he is ready personally
to take some OF receivers certificates which must
be issued
Judge McAdam directs that Joint bond Of $4,000
be furnished by the receivers, ana that all funds
received by them shall be deposited In the United
states Trust Company. ANY persons having claims
against the corporation directed TO show cause
before the court September 10 next, why tho
corporation should not be dissolved. The receivers
gre seqesrair all the property OF the corporation.
and all claimants are enioined from taking any steps
to the property without first applying to the
court for permission to do So
Rudolph Aionson yesterday made the following
in regard to the for asking for tho
appointment of a receiver: After a consultation
with Mr.. Austin COrbln some time ago II was con.
cuded that the wisest Plan would be 10 Issue $780,
600 I'm second mortgage bonds. 4 majority Of the
creditors had agreed accept these bonds security
for the amounts Of their claims. 4 circular
issued and sent TO nearly all the stockht ders and to
many personal applications made, hut with I'm.
satisfactory results. The movement however, re-
ceived the Endorsement Of such men as j. Pierp0nt
Morgan. Chauncey ". Depew. Robert b. Roosevelt,
Austin Goblin and 5. Van Rensselaer, Cruger. But Il
was necessary to have the consent Of twothirds Of
the stockholders before the bonds could he issued.
The continued attacks OF the dissat fled stockholders.
who In a minority. under the leadership OF Mr..
Lassen and his committee has injured the credit and
financial standing Of the New York Concert Company
10 such extent that II found difficult 10 ap-
pease the Creditors who continually threatening
to apply for the appointment OF a receiver. lates
consultation held al which Mr.. Austin Corbin.
the director the bCndholders. the trustees Of the
bonds and the principal creditors arrived at the
conclusion that would he best the interests Of
all parties to move for the Immediate appointment Of
a receiver. The directors and Mr. Corbn petioned
the court for the appointment OF Fabius u.
Clarke who has been assigned TO that office By the
associate judges OF the Superior Court In view a
The opposition which made by Mr.. lassen ana
the minority stockholders. the judges deemed II ad.
vable TO appoint associate receiver In the person
OF Henry T. Cutter who has received tho Endorsement
OF both factions. They will take Immediate pos
session OF the properties and business at the Casino
and the business of the theatre Will 60 on without
interruption. shall act manager for the receiver.
In all probability the creditors will receive full
amounts OF their claims, and II certain arrangements
contemplation carried out the Stockholders
viii undoubtedly profit by the change