Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-06-19

Pursuant to determination to hasten
the judicial sale Of the trust property, the
reorganization committee summoned to
its relief an officer of the United States
court, Receiver McNulta. This official,
through his attorney, presented a petition
rehearsing his appointment to Office and
the reasons why he considered the aale not
alone iudicious, but necessary. In this
petition Reoeiver McNulta made admis-
sions contrary 70 bis previous statements
concerning the estate. He said he 10 meet
Ing with exceedingly sharp competition In
Me conduct Of the bosiness; that he be-
Neved the distillceies should be closed
from July to Oct. /; that the Csetle
Feeding contracts could not b renewed By
him to good profit; that enormous ex.
Dense for yentAls, insurance and service
would be incurred In that time and that
The properties would be injured during the
Ssfiod hsmed,
For the Central Trust company Edwin
Walker dismissed his bill for foreclosure
Of the trust property. This renewed the
original bin, amendments, demurrers. etc.,
from the ease. Mr.. Walker, though, filed
another bill praying the appointment of Q
TeceiYer, which has the came purport. It
was fled on Behalf Of Charles Lindsey.
owner Of 100 shares Of stock.
Tilt Between the Legal Lights.
After the "delay" bills were out Of the
way the petition Of the receiver Yas read.
To this Attorney Judah made vigorous
objection on behalf Of Nelson Morris. He
demanded that the receiver make de-
tailed exhibit of the assets in his posses
sion. Mr.. Walker made similar protest.
These tactics annoyed the reorganization
interests, and one Of the attorneys, with q
spectacular wave Of his arm, said to Mr.
Judah: I'VE don't care to be bothered by
such mosquitoes" Mr.. Judah retorted:
swell, the mosquitoes are very much
present, and you may be made to feel their
bills before you are through"
The answer to the petition for the ju-
dicial sale, made by Mr.. Greenhut, was
then taken up. Before considering 1t in
detail counsel for the reorganization COM
mittee gave the history Of the litigation in
which the trust has been involved since
the receivership. The point was made
that j. B. Greenhut, in his first bill for a
receiver, asked for the sale to which he is
now objecting The terms Of the proposed
sale were then discussed and the reorgan-
ization committee stated that it desired
that the property should bring the largest
price possible.
Attorney Paxton of Cincinnati, repre-
senting the Union and two other distill-
cries leased to the trust, made a state
ment Of his case to the court, and told
how his properties had been dismantled
and practically destroyed. He asserted,
however, that he earnestly desired o ju-
dicial sale, and wished to place no OBJ
stacles In the way Of such plan.
Continuing, the reorganization counsel
said: This answer to the petition for o
judicial sale Is made by a man who was
removed from the receivership because he
admitted to this court that he had sold
10000 shares Of the company's stock short
when he was conniving and preparing the
scheme for wrecking the estate. He is
today short Of the stock and this fight is q
bear move. It Is q stock -johbing
scheme, pure and simple, and has been
such from the beginning"
The conditions and benefits of the sale
were discussed at length. 1t is thought
that the decision will be reached before
July.