The Portland daily press., 1893-10-03
THE PLUSH MILL.
The Hearing Adjourned until Next Mon
day.

Yesterday morning was assigned as the
time for hearing, on the petition of
certain creditors of the Push Mill to
have this company put into insolvency,
before Judge Peabody in the Insolvency
court.
There were present Governor ROBBIE, to
whom the company assigned for the bene-
fit of it's creditors, Hon. Charles E. Libby,
its attorney land W. J. Knowlton, of the
firm of II. & W. j. Knowlton, counsel
for the petitioners. Mr.. Libby presented
a letter.from the Globe Yarn Mills of Fall
River, the heaviest creditors of the con-
Germ but one, requesting that their names
be withdrawn from the petition on the
ground that it had been placed there by
misrepresentation. Two other creditors,
Randall & McAllister and J...&. E. R.
Barbour, had previously filed such re-
quest
Mr. Knowlton stated that in that case
he should request some further time for
consideration of the matter.
Judge Peabody thought that with
oAo POoioiOhS w pup CuO COllPnAy
into insolvency before the court
it was not wholly sufficient for one
of the petitioners to request that his
name be withdrawn by means of
a letter. The petitions to withdraw
should be supported by testimony.
Mr.. Libby said that the letter which
was written by the treasurer of the Globe
Mills stated that the mills had signed
the petition under misapprehension,
and he, the treasurer, was SO DESTROYS
that there should be no failure to with
draw the company's name that he, after
writing his letter, telegraphed Gov. Robe
yesterday to make sure of it. Mr.. Libby
further stated that Mr.. Ackroyd, who
was doubtless the party who was chiefly
responsible for the petitioners, had told
Governor ROBBIE that he felt the property
was going to ruin from lack of sscare, but
when he found that he was in error he
promptly requested that his name should
be withdrawn. Mr.. Libby also exhibited
circular that had been sent to all the
creditors by Governor Robiesshowing the
exact condition of affairs. Here, said
Mr.. Libby, is property in which $40 ZOO
have been invested, which was put up
at auction at an upset price of $4,000,
and that price, under the depressed con-
dition of the financial market, couldn't
be obtained. He didn't think it would
be or would have been, right to sacrifice
the property. The withdrawal of the
Globe Mills, Mr.. Ackroyd's and the other
mentioned names from the petition
would leave the amount represented by
the other creditors, in his opinion, below
the sum required to be represented by
the statute on insolvency proceedings.
Mr. Knowlton did not know whether
the withdrawal of the names mentioned
would bring the claims below the
statute figures. 1t was also possible that
other creditors might desire to come in
ON the petition. AT all events he
thought it but right to his clients that
they should have proper notification of
these proceedings 1t would require
some time as some of them resided out of
the state.
Judge Peabody considered Mr.. Knowl-
TOMS request was proper one. Some
little discussion arose as to whether the
creditors should be represented by
affidavit 'orsstheir presence to explain why
they desired to withdraw their names
from the petition, and the hearing was
then adjourned until Monday next.