Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1895-05-02
wILMINGroN DENTAL co.

settlement of the Suit on Saturday in
the United States Court by DIR. j. Y.
Frantz Paying Over n Check for
al,620.2i.
The suit of the receiver of the Whining
ton Dental Manufacturing Co. which is
the Girard Trust Go. of Philadelphia, rep
resented by vice President Henry Tatnali,
against DR.. j. +. Frantz and the George
Ii. Whiteley Go. for the possession OF GER
tain books, accounts, papers, &c, was
terminated Saturday afternoon by Dr:
Frantz drawing a check for the sum OF
81 620.24 the amount due by the George
II. Whiteley Co to the Wilmington Dental
Manufacturing Co. and handing 1t into
court.
Judge Wales then ordered the petition
dismissed giving instructions that each
litigant pay its own expenses in the suit,
Statements made by DIR. Frantz after the
case had closed go to show that the y. ii.
Whitley Co. figuring in the case, is an
organization established in 1855 by DIR.
Frnntz and Get,rge II. Whiteley. Itseems
according to the doctors statements, tnat
the Wilmington Dental Manufacturing
Co. has been waging war against his COM
panv with the object of compelling
merging of it into the Dental Co. He goes
ON 10 detail how under his presidency OF
the latter company, which position he has
held from 1882, the corporation continued
to grow and prosper until it reached the
second place in the country as a tooth
manufacturing concern, and at the time of
the appointment OF the receiver us re-
sources aggregated 100000. The relation
goes on 10 state how under internal dissen-
sious among the officials simultaneously
with the financial misfortnnes OF May,
1888. the Wilmington Dental Manufactur-
ing Co. got into the hands OF the receiver.
Stansbury ]. Wiley was appointed to
chief the management and DIR. Frantz was
relegated to obscurity This the latter
SAYS was done in the face of the fact Of his
being the largest stakeholder large
creditor, ana the endorser on nearly all OF
the corporations paper.
Or. Frantz severed his relations with the
Wilmington Dental Manufacturing Co,
April 18th last. He has identified himself
with the Consolidated Dental Manufacture
ing Co. of New York City, with George H.
Whitelev as local superintendent.
Dr.. Frantz stated: THE cause of Satur
DAYS action OH the part of the receiver
was the simple fact that q. IL. WHITLEY 4
Co., when they severed their relations witt
the receiver took with them their OWL
property in tine books and accounts of theil
firm. The decree of the court dismissed
the petition, and the check given by mt
represented the amount which they owet
the receiver, according to the books, TO
goods. -
that my efforts in connection with the las
reorganization plan caused me to believ
that it was practically accomplished. !
contemplated the placing of the busines
of the company in the custody OF Tn
SECURITY Trust Co. of this city as trustee
a general mortgage was to be given l.
them. on which were TO be issued q pc
cent interest trust certificates, the cuisines
being conducted by the trustee until til
entire Indebtedness was disposed Of, an
then the property was to revert TO tn
stockholders.
.'Ihe creditors were practically all sati
fled with the proposed scheme, and th
final arrangements were about to be cor
summated when paralyzing blow was II
flicted in the presentation OF additions
bills on account Of the receiver agSregatli
over S3U,00O, and all negotiations on I'll
part Of our home company were termi'
aJcd.h