The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1898-10-27
DISAGREE.
The Brewery
Creditors
REJECT TWO OFFE RS
Bowler's Hand Said to Be
Plainly Visible.

The meeting of the creditors of the
Worcester Brewing Company held yes
terday in the directors room at the
Board of Trade, resulted in deadlock
and the representatives of the firms
the company owes, separated without
being able to come to any arrangement
satisfactory to all parties
The, meeting was held behind closed
doors, and lasted from o'clock in the
afternoon until after 10 o'clock last
night with only brief recess for sup
per. When the meeting was at last
over, the creditors were very reticent
in most cases as to what had oc-
Cured. 1t was given out that three
propositions had been made to the
creditors by the firm. These were, first,
an extension of three years on the pa
per of the firm now out; second, a set
Element at 20 cents on the dollar, and,
third, "a reorganization on basis of
preferred stock for the present credi-
tors.
It~was said by Henry F. Harris, who
represents $500 credit here. and who
did all the talking for the creditors
present that the first two Of these
propositions had been rejected finally
but that the latter one had been under
consideration until the moment of ad-
journment and had not been agreed
upon one way or the other.
The meeting, so Mr.. Harris said, had
been adjourned without date, and it
was not known when the next meeting
would be held, if there should be an
other When asked If this meant that
the creditors had been unable to agree
and there would be summary action
!
Mr.. Harris refused to talk, and said
that people must draw their own infer
ences from the result of the meeting.
That the result of the meeting was
a deadlock on the proposition to reor>
ganize is evident 1t was learned yes
terday that the New York Electrical
Equipment Company of New York city
is the principal one of the creditors
that objects to such a settlement of the
matter. Their representative became
disguised during the progress Of the
meeting and left it. He instructed
the counsel of his firm in the case,
lockwood Hoar. to have an attachment
placed on the Brewing company's prop
erty in order to secure their claim, and
in the course of the afternoon, Deputy
Sheriff w. w. Scott attached the firms
property in the sum of $1,000
This action, together with the objec-
ton of others among the creditors to a
reorganization, brought all negotiations
to a standstill and rendered it extreme
ly probable that the brewing company
will not continue in Worcester under
any conditions. The attitude and APP
pearance of the creditors at the con-
clusion of the meeting indicated that
there had been a hot struggle, and it
looks as though they had decided to
wind up the affairs of the firm on a
catch as catch can basis
One thing that is significant in the
matter came out in conversation last
night with parties who are on the in
side of the brewing company's troubles
1t was learned from them that the firm
OF Bowler Bros. has actually been Of
fered 81 100000 for their plant in this
city by the Springfield brewing syn
dictate, despite the air of bland sur
prise with which the representative of
the firm denied all knowledge of the
story when consulted about it by The
Spy man a few days ago.
The same gentlemen who confirm this
report say that the condition of the Of
fer is that the firm of Bowler Bros shall
not conduct any other brewing business
in Worcester. In addition to this, there
are rumors afioat which have been
traced to authentic sources, to the eff
feet that Bowler Bros have been the
leading influence in making the credit
ors agree to disagree. The alleged OBJ
ject of such action on their part is to
GUST the new brewing company from
the field altogether, and thus be in a
fair way to secure a better offer from
the syndicate which is VIGOROUSLY
anxious to secure their plant If they
hold out for more and the affairs of the
new company are settled so that it can
do business, the syndicate might make
the latter an offer which they would no
doubt accept. and then the Bowlers|
would be obliged to fight the combine.
The result of yesterdays meeting
looks like decided victory for Bowler,
and it will probably result, if the opin-
ion of parties who are unwilling to be
quoted, but who know the facts, is to
be taken as worth anything, in the
leaving of clear field for the SPRING
field syndicate.