The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-17
ALL WANT MORE TIME
Foreign Iron Hall Receivers Rep
resented Before Judge Brown.
Prayers for an Extension of the Courts
rder-Massachusetts Funds
Go to Receiver Failey.

In the matter of the New York division
Of Iron Hail funds Il. l.. Armes and G. l..
Lyon. of Binghamton, yesterday petit
toned Judge Winters to permit the mat
ter in and for the State Of New York TO
stand in statu quo for period of thirty
days, 10 the end that a petition may be
filed in the New York Supreme Court look
ing TO the adjustment of the litigation. The
petitioners held that the order could not be
procured from the Supreme Court author
iZng the receiver TO comply with the order
of the Indianapolis court until the next
sitting of the supreme body. Judge Win
ters heard the argument of the New York
representatives and took the matter under
advisement.
Stephen Baldwin, receiver of the Michigan
Iron Hall funds, came forward yesterday
with a petition asking that the order of
the court requiring a general settlement on
April Is be extended sixty days. Receiver
Baldwin shows that a considerable number
of suits were commenced in the Michigan
courts by holders of matured certificates,
in which various branches, banks and de-
poSitors were garnisheed, and that under
the laws of the State the persons so gar
nisheed were commanded TO pay over no
money TO the defendant corporation. These
suits are still pending and undetermined
The petitioner further says that Sisterhood
Branch, No. 5, has about $1,000, and by
reason of the amount being so large the
branch desired to retain the money for dis
tribution among its members. The Sister
hood Branch averred that there was no
law in Indiana authorizing the formation
of this corporation. Petitioner averred that
he filed complaint in the Supreme Court
of Michigan requiring entry of an order
declaring such parties guilty or contempt.
The Michigan court duly granted an order
to show cause, made returnable on April
earliest day he could secure for a hearing
of said order. 1t was represented TO the
court that action of other branches is con-
tingent upon the final action of the SUI
preme Court of the State of Michigan, and
that while many of the branches are anx-
toner ii is deemed by them unsafe to do
so until the final determination of the SUI
preme Court. The Michigan petitioner ear
nestly protests that he is anxious to COM
ply with the order of the Indianapolis court
in sending the funds to the general re-
ceiver but shows that he is subject to the
action of the higher court of Michigan.
Isaac Cowan, on behalf of the eighteen
hundred members of Branch No. S54, of
Cleveland, o., filed an intervening petition
yesterday, praying for a suspension and
modification of the order of the court made
in February. The Cleveland branch has
$4,000, which was ordered distributed
among the members by the Court of Com
mon Pleas. The petitioner says that the
branch desires to share in the general dis
tributon but as the order of the Ohio
court has not yet been vacated they are
unable to act at present.
The Supreme Court of Massachusetts yes
terday handed down a decision ordering
sachusetts branches of the Iron Hall be
Maid to the receiver at INDIANAPOLIS