Phoenix weekly herald., 1897-12-23
RECEIVER APPOINTED.
For the Arizona Canal and I'm
 prOYement Company.
C. J Hall, Cashier of the Phoenix Ma tiOnal Bank, the Successful
 Party.

The announcement that Chief Jus tice Street would appoint receiver fo5 5he Arizona Canal ClmpeDy and tb, Arizona Improvement Company this morning wes sufficient to attract 6 lsfgs crowd to the court room. They were not disappointed for ss soon ss court wss opeued Judge Street medissely commenced tbe reading Of Bn sxbsrs sive document. The application of the Glendale Fruit Cofnpsry and tbe appii- cstion of the Merchants Loan and Trust Company for the sppointuen of 8 reoeiver wefe reviewed.
 The court stated thas the application of the Giendsle Fsuit Conpsuy, repre- sentiDg the nejority Of tbe water cor sumsrs, was in itself sufficient 70 have [ receiver appointed, but that their ap plicstiop wGs elso bsoked by the Mer- chants Loan ard Trust Company, tFus several conferercss had been held be- twsen the court and ths representatives of the psrtiesEjutsr es to the s. lection of party for receiver ss would be acceptable to all concerned. No agreement could be reached, although he names of many persons who would be acceptable were presented. The Glendale Fruit Company also presented several names, any one of which, it " ae asserted, would have been acceptable. I5 was much discussed question as to whether 8 separsts receiver for the canal company and one for the Im- provement Company. or one j 1int re csiver be selected for both companies.
 Oae name, said ahe court, bad been proposed by the boudholdeFs, ss the one that should be appointed, but the court could not see its way clear to make tbe desired appointment. on account Of the psrty's connection with the affairs of both corporations
 It was the inbention of the court to appoint B man that would bs just snd fair, both to the bondholders snd to the consumers and who would eubseEve the interests of all The failure of the court and the representatives of the ln- terested parties to ngree upon the ee- lection of 8 receiver, the court was con- strained to use its pFeFce stive and ID ske the appointment. In doing so party would be appoir ted who wac Well known and influential end who was not inter- eeted either sa stookbolder or water consumer in the corporations.
 He then named c. J. Hall, cashier of she Phoenix National Bank. to be the joint receiver of the canal compsny and the Ariz1ne Improvement Company. He citsd the nprointee'e mary qualitics- biops for the pos. tion, end concluded by saying that in tLe appointment of Nr. Hall, the court thought it was su bserv- ing the best interests of all those inter ested.
 The announcement that MT. Hell was appointed wse a surprise to all, for among great many persons named for the position, he was not among the number. There were many rumors on the streets this morning, bus now all doubts are set at rest.
 John R. Armstrong Jr, of the law fl m of H milton X Armstrong;, who re- presented the Gist dale farmers in ths action brought foe tha appointment Of @ receiver, said that the appoirtment was in every way satisfactory to the Glendale people. When we, on the part os our clients presented 10 Judge Street. said Mir AfmstroaR, "the names of six persons any one of whom would have been satisfactory, we made the statement thst if "A selection eou d pot be mads from the list any other honees men who hsd no connection with the sTs.rs Of either corporation, would De socePtsbie II thiBk,' con tinued Mir. Acm~troag, "thss the sp- pointment of MT. Hall wlli be aocept- able to the stockholders. although be was not their choice. I lock fer better times now and the ferners under the canal will not regret the eppoirtmsnt Of Mr Hall"
 Aiuszorth and Bennett Who repre- seut the bondholdsrs, were not pcspsr- ed ty ssate as tn WhetheFthe apQ3lat- meus of Mir Hall was secsplable to the ss they ave not ss yst heard from the eastern attorneys. they 1 do not what further action, if any. will | be taken by the boadholders. ss thay 1 are but acting under instructions in the 1 matter.