New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-09
NEW.JERSEY NEWS.
IN 4 RECEITER'S HANDS.
THE TRENTON RUBBER COMPANY HAS
MANY SUITS AGAINST 1T.
EXMAYOR MAGowAN's OTHER INST1rrr TON, THE
EASTERN RUBBER COMPANY. IT Is RUMoREp'
WILL ALSO HAvB RECEIVER AT
POINTED TO LOOK AFTER
ITS AFFAIRS.

ITS AFFAIRS.
7ren,on Anril 6 (SpeciaD. The Trenton Rubber
Conorany one Of ex-Mayor Frank \. Ma2oWah :
h,e ins,,,u,ions has gone into the hands Of a ro-
ceive- The Eastern Rubber Company another
If tho concerns controlled by the former ex-Mayor.
is expected TO be under the direction Of inc court
within foriy-eight hours. Nice-Chancelo' "ee"
signed the order appointing former \ice-' hahce'io'
John r Bird receiver Of the Trenton Runner Noih-
Many and II was fled to-day The creditors and
stockholders are cited 10 appear April % ana sho"
cause why the receiver should not he continued
Tho applica,ion for the receiver was made ny MIS-
Sarah J. Mcgowan stepmother OF the eA-MaFoi'
who alleges that the Trenton Rubber company i
Indebted 10 her in the sum OF S@i."o cash au-
ysnced besides which Mrs Mcgowan has lent
and delivered 10 the company or Tor It's use ana
benefit large number OF shares Of stock Of ITen'
,on Rubber Company. Trenton Oilcloth Company
and Tifln Potter Company, which has been pledged
bv the company for its Indebtedness TO other
parties Mrs Mcgowan says in her bill on NE IN the
Court of Chancery that she is Informed ana ne
lieves that Susan b. Hussey. Of Philadelphia. has
begun suit in the New-Jersey Supr ene Court
against the Trenton Rubber Company for sS5l 56.
upon a promissory note dated June IT, 1926 payable
four months after date at the Mechanics National
Bank
Other companies that have begun suits the
Bradstreet COMPANY for $3.50: Morris d Co. for
SSH 49, Weston, DOdson Co. S,5S 6S; Ida :. Al
Sl63 30.
Among the judgments recorded are the following:
Hudson Betting Company. ss21 81 with costs; Pc
quannock National Bank. Bridgeport Conn. S.
$50 81 and costs: William Mex. Morris and Edwin
T. Morris. $3.50 o. and costs: James NJ. Constable,
Frederick A. Constable and Hicks Arnold Arnold,
Constable g. CO... $50 II. and costs; Bayonne Chem
ical Works. sos % and costs
Applca ton shows that the liabilities Of the COM
pany. exclusive OF its capital amounts to upward Of
$4,000. OF which upward OF $4,000 is represented
by promis.o-y notes made by, the company some
OF which are past due and others falling due daily.
Something like $4,000 is represented by book ac,
counts large amount uni o. which is payable va ana
sources is set only $4,000. or thereabouis and it
10000 at private sale. and at forced sale would
bered by a mortgage dated November 2l 1887 made
10 John Moses q trustee. TO secure payment for
note of $1,000 This also covers machinery fixtures,
etc.
The rumored probability of an application for
receiver of the Eastern Rubber Company is
stitution as well grounded When ex-Alayor Ma
gowan went on his wedding tour last September
business manager, winding up in Oklahoma, where
both were divorced. receiver was appointed for
the Eastern Rubber Company. After a tour OF the
West which was followed by many contradictions
Of the marriage of Mr.. Mcgowan and Mrs. Barnes
Mr.. Mcgowan finally reached Trenton and arranged
affairs in such way to induce the Court to dis
charge the receiver for his companies. He again
assumed control and for time all went well.
The Eastern Rubber Company is controlled by
the ex-Mayor, his relatives and his warmest per-
sonal friends. who have stuck to him throughout
his difficulties financial and domestic. but they de-
clare now that the assumption or control after his
return from Oklahoma, was upon his express prom
Use that he would abandon Mrs Barnes and get
down TO real business.
In addition TO this. they say. the eX-Mayor con-
fesscd his foolishness and expressed desire 10
return his wife and family. These promises were
kept in so far that he announced that Mrs. Barnes
and he never were married, which announcement
was promptly contradicted by the minister who
performed the ceremony. The next public state
ment that Mrs. Barnes had returned to her
Canadian home, and Mr.. Mcgowan returned TO his
wife and family.
After a few months Of quiet life. the former
Mayor suddenly turned up with Mrs. Barnes, in
Phade phia. This move resulted in estrange-
ment between Mcgowan. his relatives and his
friends and they say now that the appointment Of
the receiver means that the affairs of the Rubber
Company will be adjusted and the management
placed In safe hands The management of the
Eastern Rubber Company has for some time been
practically In the control Of the stockholders the
Board of Directors having placed another over Ma
gowans head the real manager OF the institu-
ton, Mcgowan simply retaining the presidency at
salary of $1,000 The presidency Of the Trenton
Rubber Company was also worth $4,000 year.
Mr. Mcgowan expressed great surprise AT the
action Of his stepmother, and will in all probability
fight the TcceiVerShip