New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-25

o,,o,,,. counse; lanes f.. Howell and Lawrence
Hughes to Judge Kirkpatrick. OF NewaIA " -
Int on Thursday night who appoih'e" "eo'e
crav and Wright D. Pownali "a receivers MI
GRAY is n woll-known bank officer. ana wa ~
,,orIv State Treasurer OF Ncw-Jcrsey. Mt. rowan
has been in charge OF one OF the manufactures "
partments for several years past Upon aPP'',l.o
az the same counsel Justice Smyth In inc SuP'
Court yesterday appointed the same receNe'' ~
tho commands property In this State. and the re-
ccvers at once took possession or INC co'"pN"'
factory. store and property within TINS o'h'c -
was also learned that at midnight on THURSDAY 'he
Probate Court OF Butler County. Ohio. nj the SUIT
OF Mr. Moser appointed receiver oi 'ne ~
panys property ut Hamilton where one VI 10 49,
cIpal factories is situated. II Is UNDERSTOOD '"'' Wv
latter appointment made without ho'lc" u VIZ ~,
company and that the New-Jersey rece'N''' =,
Immediately take proceedings to have II SET aS'ue
Tho receiver appointed at Hamilton Is samuei y.
r,,ton president OF the First National BANK VI
Hamilton. .
Stephen A. jerks. president OF the comPa"y'
Yesterday made this statement: 'lhe hPpo"''
ncnt Of receivers OF the property OF the herring
uau-Mary,n Company precipitated oy 'he
action Of Nose. Moslcr. who for the last TWO ye'S
and until weeks ago has been GlreC!Or w.
and in active charge OF tho management OF US u,
busne.s and who. without glylns an! , moJ1,
on It. property to large amount The reSi tios
lions OF Mr. Mosler and his or9thcr; 10 weeks
cr, ~ r,a conpanvs asset. are intact: prefer
ences security has been gwen 70 Hr tho hands
~ rerrycrs appoluici by the United states courts
a ,ian Of r.organizatlon has been under consldera-
nm Tor ,om" line as s we'll known 70 those In,
crcstcd tn" company ana ~ h"i -" t,.orbbpn
r. ,5 nbfacrs RS Furnishing y new capital
10 an amount suiicien, 10 pay an also
making such reduction IN the capital stock as WI.
bring !, into proprr re,Suon or, Mt hat the COMPANY
H.. sustained severe losses during recent years
and ~ %1 '1 in the hands OF the present voting
trustees. The company has. however recently
aeaurea, d nr~ " r.. Kind In "xisencc and
which It holds FREQ Of mor,gage. ana as soon al
Inc company viii be IN n position to compete TO
advantage with any Of s Tvs si, no, prevcn, the
plan ron going torwaTd by II VII be complete CONF nsI
Co. ,heir approval AZ the last annual report made
i'm August the conpanys assets were reported az
81 III rs The voting trustees intend fuzzy TO pro.
The Interests Of IA: zoe h. ann nnv w" pnrson
n hey IN" are "ohRGsn, hey viii have the cooperation
OF Peer e"r %ncker attorney Tor Moses Mo;lGr SAID ,
would have done so further. but ne c2uId mol 90
IT, line !" u {"t business IS he was not rival OF the Her
ing Hall Marvin Company: Mr.; fucker said that
coI1ynr r1 in the SAFE business keen that
The company could not sell It's STOCK. Inc stock
which originally sold at near par mas ihIIeh 10
II ~ 8. ,,...., L. oA,roa y, tho
warcrooms AT No n Chnmbers-st. on the attacn-
,nent of Mr.. Mosler yesterday. but Il was expect
ID that The receivers would settle II on Monday
- t.,o-o.,,
~ the preferred stockholders. was very much sur
prised yesterday when he learned OF the appoint
ncnt ~ the receivers. lie said: 1t appears to he
~ ~srv pecul,ar affair all around. Why the voting
trustees Tsry should allow Mc.ler rival 10 have any
,hino 10 do with the management OF the affair Is
more Than I can understand Would II not be
very natural thing for Mr. Mosler TO want to swal-
low M or cripple tho concern He may not have
had TIM, notion but II ccr a!nly looks very srang"
Tor man 10 be placed In absolute control who has
a rival business and Is competitor Why did
Noslor resign two weeks ana then suddenly
brIng these proceedlngs? I hope the rcorganiza
ton will successful AZ Mr.. jerks thinks VIII;
we had the reorganization wen under way and
had time been given to perfect II all would have
been we'll II strikes me that the present move
initiates against II. However. there VIII be
meeting OF the preferred stockholders on Monday.
and some action will undoubtedly be taken to pro-
tect their interests.