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

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 II. Waite, trustee of
the 100000 mortgages, appearing as
the petitioner, with the Worcester
Brewing Company-Leander f. Her
rick, receiver, of Worcester-C Charles
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.
Inc petition reviews the proceedings
ny WhlSh the court appointed Leander
+. Herrick as receiver 10 carry on the
business until such time as it might
be deemed advisable to sell the prop
erty for the benefit of the creditors.
Inc petition states that Thayer &
Rugg have been retained as counsel for
the Worcester Brewery Company, and
mat the validity Of the mortgages held
by the petitioner has been acknowl-
edged by them.
AT the meeting of the directors Dec.
10 1t 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
mas 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
10 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 o'clock W NUN
Inc sale of the property at the hands
or Receiver Herrick will be opposed bv
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
Goulding and William c. Mellish an
pear for Albert H. Waite. trustee.
Blackmer & Vaughan for Mr.. Herrick
personally and counsel for interested
creditors arc Hopkins, Smith and Hon
klns, Henry F. Harris, with Thayer
q Rugg appearing directly for the
Brewery Company itself
With the petition to the courts to au-
thortze the sale of the plant cbmes
renewal of the talk of a probable Dur-
chase by he Bowler Brothers. A call
at John BovAer's was made last even
ing, but Mr.. Bowler was nos at home.
IL has been known for some time that
Bowler l3rotherS were watching deVel-
opments iii the Worcester Brewery
Company, and there have been repeat
ed rulnors that this we'll known Wor-
cester F7ewing firm We're ready to COB
pie 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
10 the brewery trust promoters, if they
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 field by Bowler
Brothers would moi be SC effective as
at the present time. and instead of die
taxing te1os TO the trust, they would
have tC enter the com bine al 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
ars were the power behind the throne
The plan: of the Worcester brewery
S one Of the best equipped in the coun-
-ry. 1t has all the latest appurtenances
T the manufacture of liquors and is a
thoroughly modern plane in every re-
'pect, 50 tina. it is the opinion of ex-
serts that an erainenLly successful bus
nnss Gan ha eta hlichnd thern