The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-25
rDIRT IN THE HOUSE BUILDS THE HIGH
WAY TO BEGGARY." BE WISE IN TIME AND USE
SAPOL %

head boolkeeper, and a number Of citi-
zeas of Topeka not actively connected
with the publication of the paper.
Certain mortgages were placed upon
the plant, which, though somewhat re-
duced by subsequent payments, are
still in existance and now amount to
S41, 900. All of these mortgages are now
owned by John r. Mulvane with the ex-
ception of one for $500. which is known
as the Merriam mortgage. Mulvane's
bank had $4,000 in these mortgages
originally and by purchase Mr.. Null
vane has since come into possession of
the c. c. Baker mortgage for $4,000
and the P. B. Plumb mortgage for S.
600. A few months ago he took posses
sion of the Capital plant as mortgage
and has since been running the news
paper pending a decree of foreclosure
in Judge Williams court.
Before the organization of the Capt.
tai company, Major Hudson, who
thought he was rich, took out $4,000 in
life insurance, and for the first years
premium gave a note which is now in
judgment in the sum Of $500. This
note is held by a st. Louis man by the
name Of Baker, who, through his at
torneys here, Quinton & Quinton, went
before Judge Williams and asked for
the appointment of a receiver for the
Capital plant, alleging that Major Hud-
son was inSolvent at the time he organ
lied the Capital company and that the
transfer Of that property TO the COM
pany defrauded his personal creditors
Of an opportunity 10 collect their dues.
In granting the appointment Of re-
ceiver, Judge Williams held that the
transfer Of the Capital plant 20 the
stock company was Illegal. Virtually
this decision wipes out whatever inter
est the stockholders had in the prop
erty, and turns IL back again into the
possession of Major Hudson, subject, Of
course, to the mortgages which were
upon il al uhe time the deal was made.
All the mortgages named above Were
then upon the property with the excep-
ton of one for s.. 900 given by the com
pany at later date to Mulvane's bank,
and which is counted in the s36.5Oo
which Mulvan now holds.
AT St. Louis. the Mulvane interest
asked Judge Williams for a decree of
foreclosure, but he said he could not
grant il until he was within the Kansas
juridiction, 50 that avenue OF shutting
off the receiver is closed. Judge Will
Jams said he wanted all parties con-
cerned TO agree upon man for receiv-
er and for that purpose he delayed the
appointment for a few days.
In the matter OF a receiver for ior
HudsOn's state printer business. Judge
Williams said. virtually. that while he
would like to reach that with receiver
he could not do il under the law.
II is believed here that Mr.. Mulvane
would pay Of the Baker note, which is
making him 50 much trouble. but Tor
the fact that Such compromise would
not release the Capital from similar
private creditors.
Several persons have been mentioned
IN connection with the receivsrship- It
was reported TIA; the Qulntoas would
recommend D. o. McCray for ;he place,
but he would be fought 70 the last d!tca
by the Hudson-Nulvane interests Il
IS also reported that Mulvane intends
% take the case up % Circuit Judge
Caldwell On appeal
As the case stands now. Major Eu6-
son has not been hurt in the least. per
sonally. He had already surrendered
the Capital - its creditors and given
UP al hope OF saving anything for him
self However. he feels keenly the fat
that the decision 4 Judge Williams has
virtually saddlei his private de5t upon
ne stockholders who went into the Cap
i;al company with him II good fsith; OF.
20 put Il palmer, has rendered Z in
possible for tae-n 70 save anything out
OF the wreck
When Major Hudson became state
printer. hs organized q. printing OH
pany and contracted Ef5h u % % the
state 7-o-k- lie Tss % receive a salary
OF sl.0Qo Per Eu-o7th from tass company.
and Z vas 20 s.ske charge o. The Funds
ar-s-og under tlis contract that Re-
celve- vas asked FOR. as vel as FOR TIE
CAPITAL p!so& As related a. TIE o-scset.
t1ls vas reS1iasd ADD fke Is75[5r SKI has
control Z f,ze proceeds q his Official !
p1s.:ian.
10 RE 4 CoE-D ~ oSE DAY
Take laxative B-C-no Canine Tablets. Az