The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-10-25
PRovIDENT AID SOCIETY.
Judge strout Appoints Joseph L. Moore
Receiver.

Before Judge Strout in chambers,
yesterday afternoon application was made
of the Provident Aid Society whose mem
bers have been reinsured in the Bay
State. The Proyident Aid Society has
not failed, but on the contrary is in good
financial condition. Owing to the Ill
health of the secretary and treasurer, MIR.
Everett Smith, and other reasons the
company deemed it best to go out OF
business and the receiver was asked fol
in conformity with the statutes
Insurance Commissioner Carr was
present at the hearing, and Mr.. Leslie
Cornish of Augusta, Mr.. Joeph e. Moore
of Thomaston and MIR. r l. Thompson
| of Union, attorney for the company.
Mr.. Cornish said to Judge Strout that
the company appeared formally by Mr.
Thompson its attorney. He then pre-
sented the bill, and the newspapers con-
tanning the printed articles showing thai
| the legal preliminaries had all been at
tended to.
Mr.. Thompson said the bill called for
the appointment of a receiver, the con-
tinuing of the temporary lnJunctlon or
the establishment of a permanent IN
junction, and the appointment OF
master.
| Judge Strout said he could not make
the Injunction perpetual. The receiver
would be called upon to take charge of
the assets and asked in what shape they
were.
Mr.. Moore said they were mostly in
money
MIR. Carr said he should desire the ap-
piontment of both re ceiver and master.
The company asked for this simply to
close its affairs by distributing the assets
legally. 1t is perfectly solvent.
Mr.. Thompson said he was entirely
familiar with the affairs of the company.
They had been managed economically.
There are two suits pending against the
company, one of $4,000 in Boston, and one
of $4,000 IN Connecticut. II both should
have to be paid in full there would still
be a surplus.
1t was suggested to the judge that the
appointment of Mr.. j. E. Moore for re-
ceiyer and Mr.. Robert T. Whitehouse of
Portland for master would be agreeable,
inasmuch as Mr.. Moore was perfectly
familiar with the company's affairs and
MIR. Whitehouse resided here and was a
most capable person
Mr. Thompson said tho company had
sl1, 900 or between $4,000 and $1,000 in
+l,o 4 of mi inl, xua a n
Boston and the remainder deposited in
the banks in Portland. The Bay State
company might possibly claim that this
money should belong to them, but that
would be for the court to decide.
Judge Strouu after deliberation rendered
this decree.
STATE OF MAINE
Cumberland, IS. Il
Supreme Judicial Court. In Equity.
October "a. 1895.
Stephen W. Carr, Insurance Commits
sioner. VS.. Proyident Aid Society.
This cause came on to be heard this
day and proof of notice having been
made, as ordered, after full hearing of
| the defendant corporation and upon con-
and decree as follows:
| 1.-That the temporary injunction here
| tOfOre decreed be made and hereby is con-
tinued until further order of court.
2-That Joseph E. Moore of Thomas
ton, in the County of Knox, be and here
| by is appointed receiver to receive the
| assets of said corporation, to collect and
receive the outstanding debts and money,
! if any, due to or OH account of said eorpo-
ration, to receive and take possession of
ali the effects and property of every kfnu
or nature of or belonging to said corpora
tion upon his filing bond with the clerk
of this court in the sum of fifteen
| thousand dollars with sufficient sureties,
| to be approved by this court conditioned
upon the faithful performance of his
duties as such receiver: And that the
defendant corporation deliver over to such
receiver all its effects and property afore
said in it's possession and subject to its
control, and also all money, notes,
seouli tiles, drafts, bills Of exchange,
checks or other evidences of indebtedness
due to said corporation, together with all
| books of account, accounts, receipts,
vouchers and papers of every nature be-
| longing to or pertaining to said corpora
| tion's business. That said receiver be
and hereby is authorized to receive and
receipt, and the treasurer of the State Vi
Maine is hereby authorized to pay over to
said receiver Tie amount or tho reserve
mortuary fund in the custody of said
state treasurer belonging to said
Provident Aid Society, and hold the same,
subject to the further order of court
3.-That Robert L. Whitehouse of Port
land. in the County of Cumberland. be
and hereby is appointed master to receive
hear and determine all claims against
said defendant corporation, and for that
purpose to designate certain times and
places for receiving the same, giving
notice thereof by publication once a week
for three successive weeks in the Portland
Daily PRESS and Daily Eastern Argus !;
the last publication to be at least seven
days prior to the date of the first hearing
| thereof.
4.-That said receiver from time to
time make report to the court of all his
do ngs in this behalf, and that either Of
the parties to this cause, or said receiver
shall be at liberty to apply to the court
from time to time for such further orders
or DEGREES as may be necessary.
SUPREME JUDICIAL COURT