The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-07-27

The re1i estate aad personal property %
tfse Seattle Coal ard Iron Company. tz-
guther wssn itz lea3ehoi3R and bankers IN
this city. werss sold YESTERDAY ~ Eeessver
Bryant 80 public sale 20 the Seattle Coal
Company. Of this city.
tbs properly waR Did III for the par
eisasars NY NF. Don worth. Of tie iaw arra
OF Dsnworth 4 Howe. Notice wac ztesEl
By the attorneys tar the receiver Stfsye.
AlIen. Hughes 81 ArMscksB. that a salt
had been hlei by 81. nondholaeFn q saa
company acting Individually. aud thai tie
sale vouId be Esthjec' 20 tBa rights cz these
parties AZ established in cessrs.
Ii Is evident thas another long legal tat
liz ever the property Of the seaftis Coal
and Iron Company il aEsEst % begin. The
salt filed yesterday was neyiIu on behalf
of the bontnoidsrs. ali except two or
whgm ffyo In she East. Tisc plaintiffs
claim an Interest In tho property OF the
eonsrany and ASK the court 80 Gecsee an
equstabs~ distribution CT the assets
The complaint reeises tins proceedings
heretofore tad In the eAize. Of the fore
closure Of tire mortgage made 20 the Man
haitian Trust Company 20 securc the sssae
az bonds. ~ tire intervention by tho guse-
ctsrsssS efelsfofs. aud of tie Adjudication Of
thas '-tsir7s 10 the sspsriar and supreme
courts. II was further recsfSd tNae tho
t.nsxpx Of certain Ok tnr@e errsitcrs had
fttf4 Ac5sYtd prior Ia that OF the mort
elge isofss.aoIstsrs. ant tina. the order set
ser yesterday aaa made unsser ard in pur-
epancs os the deerss of tho superior cysars
entered June 4
After setting forth sne@o facts. tise cons-
rtait. alleges that shn plaintiffs purchased
tsse bonds Of the company In tiss open mar
Ast ~ a legitimate iafestuasui. sa wing
stieh therefor. II liz asd 40 that they were
nos parties 10 any Of the acts Through
which ihr first mortgage was held 10 sse
invalid; that fbsy arr entiiiesi in eas.lsy
10 participation Ia the silsst r.hation OF the
assets; that their elaine were not tres-
srntsd 81 the former hearing sf the matter
snd that they bad not beea given oppor-
fsinity to present their rights 10 the court
Finally tbs plaintiffs asksa mat the
cossrs issBa n temporary order restraining
the saia of the property by the receiver
his complaint Was fsted early ia the cay
= vac brought 10 the attention Of Judge
Apafe III chambers Ds John H. Aliea. No
order roaspaniug the eaie was entered aaa
wssen AF Dvnwerh appeared IA TIE hid
der h. WAS given notice os the Ming OF the
stsif.
The property was kneckevf down 70 Mr.
pstwsrsh at the igure named by the court
as taa lowsat that wan.G hc accepted Wig,
useVei, A csstifisd check Tor sen0 waa
:sasttsrd tho receiver. the balance to he
t.rFts sstttfs tt=F HAGsf Esft<iAI& the sale
Within twenty days after approval By the
rsceissr.
To Foss-Inte;lGseneer representative
MI. Howe Aaid yesterday THAI the Seattle
Gcai Company WAS organized few DAYS
isxa by the creditors whose liens had been
established superior 10 THAI OF the fiv.<
mortgage. There eTefitors wars The go<s-
ton National bank. xchwahaeher gsca.
the SsawalacAer Hardware Company.
Murphy. Grant & co. and nit3cnhoefsr
Iass co. Herman Chaplin Is precedent
ana E, G. Scilfelisr secretary TT tae rev
company II IN the igltsitflon ~ company
10 operate hnd improve tie property
III" public IL familiar with the long ltt.-
EssssoIs growing esss - the FORECLOSURES az
inc uaoftaIge on tho assas:te Coaf and iron
company Il taa heen tNses to the ea,-
pfsine court ard very likely will ftsss ia
MAJ there again. The property was sold
UNDER the foreci1sure praesssiiara several
MoisistH ago. hut ;be sale vas act aside. la
pursuance Of the ,alprssna courts decision