The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1898-12-30
Runs
at a Loss
COURT PETITIONED.


Complications in the Worcester
brewery situation still continue, and
yesterday "a petition was filed in the
superior court for authority from the
court to allow the receiver to sell the
property, as it has been a losing ven
ture
The petition was filed yesterday af-
ternoon, Albert H. Waite trustee of
the 100000 mortgages, appearing as
the petitioner, with the Worcester
Brewing Company-Leander f. Her
rick, receiver, of Worcester-Charle
Faestner Frank O. Hecht, Chicago,
Fritz Goetz, Produce Exchange Trust
Company of New York, American Coop
erage Company of Cincinnati and the
First National Bank of this city as
respondents
The petition reviews the proceedings
by which the court appointed Leander
f. Herrick as receiver to carry on the
| business until such time as it might
be deemed advisable to sell the prop
erty for the benefit of the creditors.
The petition states that Thayer &
Rugg have been retained as counsel for
the Worcester Brewery Company, and
by the petitioner has been acknoWl-
edged by them.
AT the meeting of the directors Dec.
10 it was found from an investigation
of the affairs of the concern, that there
was nothing with which to meet the
payment of the interest on the mort
cages.
Since the receiver assumed charge of
| the business, the operation of the plant
has been conducted at a loss 1t is
! imperative that the business be kept
running, owing to the nature of the
manufacturing process. and as the loss
to the creditors is getting more and
more the petitioner prays that the
! business may be sold at once.
| brief hearing was held before
Judge Gaskill, who set formal hear
ing upon the petition for this afternoon
! at 3 o'clock.
| Inc sale of the property at the hands
! of Receiver Herrick will be opposed by
| Hopkins Smith & Hopkins, who are
/ counsel for heavy New York interests
In the brewery plant, and the hearing
promises to be of interest. Frank P.
I Goulding and William c. Mellish an
pear for Albert II. Waite trustee.
Blackmer & Vaughan for Mr.. Herrick
| personally, ard counsel for Interested
creditors are Hopkins, Smith and Hop
| kins Henry f. Harris, with Thayer
| & Rugg appearing directly for the
! Brewery Company itself.
| With the petition to the courts to au-
thorize the sale of the plant cbmes a
renewal Of the talk of a probable pur-
chase by he Bowler Brothers. A call
at John Bov'lers was made last even
ing, but Mr.. Bowler was not at home
/ II has been known for some time that
Bowler Brothers were watching devel-
opnents iii the Worcester Brewery
Company, and there have been repeat
ed rulnors that this well known Wor-
cester = ewing firm We're ready to COB
Bile up the new plant at the first oppor-
tunity; first, to prevent the establish
ment of successful rival in the city,
ana secondly, to be able to dictate terms
to the brewery trust promoters, if they
continue heir efforts to include the
Worcester concerns il their member
ship.
With the Worcester brewery plant
under the operation of the trust, the
control of the local feld by Bowler
Brothers would moi be sc effective as
at the present time. and instead of die
taxing terluS to The trust, they would
have tc enter the combine at the lat
ter s own terms.
The developments of the next few
days will be watched closely. If the
court grants PERMISSION to sell the
plant, bowler Brothers will be on the
home ground.
During the checkereG career of the
Worcester Brewery Company, it has
been felt that the firm Of Bowler Broth
ers were the power behind the throne
The plan: Of the Worcester brewery
is one of the best equipped in the coun-
try. 1t has all the latest appurtenances
Of the manufacture Of liquors, and is
thoroughly modern planl in every re-
spect, 50 that it is the opinion of eX-
rerts that an erainenrly successful bus
mess can be established there.