The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-10-17
RECEIVER FOR
BAY STATE GAS
Rule Also Issued to Restrain Officers
From Disposing Of Properly.
SENATOR HIGGINS THE APPLICANT
William Buchanan the Complainant
is Cited to Appear in Police
Court on Monday aud Answer a
Criminal Charge Made bv Camille
Weidenfeld.

Tor higgins tnlS morning applied 10
Judge Wales to United States court for
receivers for the Bay State Gas COM
pany of this city and Boston. The
application was granted and j. Angus
tus McCauley president of the Arti-
sans Saving bank, of this city, and
Dwight Braman, of Boston. were
named as the receivers. Bonds In the
sum of $4,000 each were demanded and
will be furnished later. n rule was
issued upon the officers of the COM
pany returnable Nov. Z, restraining
them from selling or disposing of any
of the company's effects. The proca caed-
ings We're eX parte, the officers Of the
company not being represented. j. Ed
ward AddickS Is the president Of the
company.
William Buchanan. of New York, is
the complainant in the Bay State Gas
company matter. He holds 500, 900
worth of the stock. His solicitors are
..rthony Higgins. of this city. Mr.. Fos-
ter, of New York, and Frederick h.
Snow, of Boston. The receivers are
bonded in $4,000. their security being
the Fidelity Deposit company, Of Mary
land.
Late this afternoon Mr.. McCauley,
one of the temporary receivers of the
Bay State Gas company, acting upon
advice of counsel for Buchanan, made
demand at the company's Office here
for the contents of a desk there, on
the belief that certain papers would
be found. Clerk Charles II. Giaff, who
was in charge, declined to open the
desk and a locksmith was sent for and
the desk forced open. 1t is reported
that nothing was found in it.
Up to o'clock tonight notice of the
action of the court in appointing re-
ceiverS for the company had not been
served by Marshal Lannan upon J.
Edward Addicks. Mr.. Addicks is said
to be in New York. 1t Is rumored that
the interesting developments will fol-
low the application for receivers.
TROUBLE IN NE WYORK.
New York, Oct. 16.-William Buchan-
an, of New York, who petitioned today
in Delaware for a receiver for the Bay
State Gas company, was tonight cited
to appear in a police court on Monday
to answer criminal charge made
against him by Camille Weidenfield, of
the firm of Lawson & Weidenfield, of
Boston and New York. The summons
was issued by Judge Wentworth, city
magistrate, on depOsltions, which set
forth that the said Buchanan had cir
culated, contrary to the statutes Of
and intelligence in the presence of said
Weidenfield and others, concerning the
Bay State Gas company, of Delaware;
stating that 1t was insolvent and bank
rupt and that the president had dis
torted millions of dollars of its capital
stock to his own use, and the said Bu-
chanan threatened that he.would ruin
the said president if he had to spend
$l50.000 to accomplish that end; that
he had arranged to bring suit against
the company and secure receiver for
it unless he was paid $235.O00 for his
securities by 12 o'clock Friday, Oct. 16;
if this was paid to him he would with
draw his suit and stop all operations
in the matter; that unless this payment
was made the suit in Delaware would
be pushed and the whole matter would
be published in the evening papers
of the day." With the deposition was
filed an affidavit by the treasurer Of the
Bay State Gas company setting forth
under oath that the corporation was not
insolvent or bankrupt; that, on the
contrary, during the present year he
paid off all its Indebtedness, at one time
amounting to over one million dollars:
that at the present time it has only
small amount Of current debt and cash
on hand to q considerable amount.
The treasurer further alleges that the
president has not stolen any Of its cap
ital stock and so far as the new issue
is concerned he has not received or
owned q single share of 1t.
New York, Oct. 16.-The Bay State
Gas company of New Jersey for which
a receiver was appointed by the United
States court at Wilmington today. was
incorporated in 1889. principally for the
purpose of consolidating the fourteen
gas companies then supplying the city
of Boston. This company. in addition
to obtaining control of all the Boston
Gas companies. subsequently absorbed
the Brooklyn Gas company, at cost
of about $125000.
The financial statement on January
l. 1886, showed the capital stock to be
SIS. 1000, 900. and that the total stocks and
bonds issued by the company amounted
to $4,000. 900.
Dwight Bragan has been selected as
co-receiver in Boston of the Bay State
Gas company.
Wilmington, Oct. 16.-Mr. Addicks
could not be found here this evening.
but Charles II. Killinger, his private
secretary. was seen and he stated that
his belief was that the whole affair was
a conspiracy against Addicks, and that
proceedings on the charge of conspiracy
would be instituted against all con-
cerned in 1t.