The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-27

". MCGUIRE, alleging that they, as c.
rectors. authorized the assignment CT he
companys interest IN the $4,000 policy on
the Nevada held by tho Firsmaa'3 Fund
Insurance Company to NJ. ]. Mcclure. the
wife OF II. p Mcclure. for tha purpose
Of delaying and hinderlng the creditors
OF the company in the COLES ION Of iheir
debts.
Mrs. Hawthorne also sues the Pacifi, &
Alaska Transportation Company On j
proTnissory note alleged TO have been
made In favor of George Forster Eek.
the purser on the Nevada, who was IN
:erested in the concern as n stoekholder.
Mrs Hawthorne alleges that she Is the
holder of the note. having purchased =
ar the sale OF the assets II the Beck es-
tate.
Judge Moore yesterday signed a tempo
rary restraining order, restraining the 3e-
PENDANTS from collecting .he Insurance On
the vessel until the matter could be heard
IN court. Judge Stratton. counsel fo~ the
compliments Gid not press the appoint
ment OF "A receiver.
The history of the formation OF the COM
pany Is contained In the bill fled By Mrs.
Hawthorne. asking for the appointment OF
a receiver. IL IS stated in the complain.
that the company was organized In 1897
With capital 81 Seas held principally
ny IL T. Mcclure and W. w. Mcclure,
his brother. Subsequently. II is alleged.
t;eorzeo Forster Beck became tho owner OF
81 Geo face value Of the stock. Later an
equal amount OF stock was placed IN the
name OF II. Z. Mcclure as trustee for the
ioint beuef; OF himself. his brother. w.
W. Mcclure. and Mr.. Beck. This stock
was later divided equally among the three.
Mr.. Beck's interest then becoming So go.
Il Is alleged That the principal asset Of
the c0muany was the steamer Hassler.
which was purchased by Mr.. Mcguire FOR
s,51ep. and sold 10 tho corporation for the
nominal sum Of $1,000. Thus the stock
az the company was fully paid IN. The
complaint then recites the sailing Of Tire
Nevada from Seattle on her Initial voy-
age 20 Skagway. and her loss on the re-
tura trip in IsYan canal, with all on board.
including Seek. the purser
II is next related that the stock OF Beck
was sold ty his wife as aarinistratriX
Of his estate and purchased by the plaint-
III. II IS stated that the policy az insur-
aace fer So GEO iess an unpaid premium of
81 So. and the moneys received for pass
aga and freight 10 Alaska, constitute the
chief assets OF the corporation The money
so received Is given "a $3.50. IL is also
stated that the expense OF fitting up tAe
Nevada Cor her first trip IS 10 re dsducted
from the r}onzy received on her first voy-
ase. amounting 20 81. sao less $500 va. h
has been paid BY The company.
II IS charged by TIE plaintiff that late
IN February tse MCGUIRE brothers. and
one other trustee. At regular meeting CT
the board OF directors. passed a rcsoIu-
ton authorizing tSe assignment os the
caInpany's interest IN the insurance POI
lev to ~ J. Mcguire a. payment Tor A
note OF SO 40 which /, - alleged was s.
sued without consideration 20 Mrs. Me-
CURE by tho company. Il IS charged that
the pasSare OF the resolution hy The hoard
was procured by Mcclure for the uarpose
of v.ar:ng The assets Cf the company be-
vont. the reach % the creditors.
In paragraph l. & IS charged thar the
Mcclure brothers claim that the company
has purchased TIRE bark Oakland fer s. 90.
FOR the purpose q further prose cutiag It's
business ard that 81 reality the price
paiG Tor the Oakland Vas cny sl.15l.
which. il IS alleged. IS al the snip worth.
This transaction IS alleged 10 be a fraudg-
lent one.
Finally. s, : alleged ina: both thu Nc
GulreS are sase.vent. The PRAYER Of the
v~-!sion = that q receiver Dc appointed %
take possession % the assets - the corn-
PAM. 81. IN. eaa that ali the interests
81 sAc creditors may b. protected
Hirs hawthorne aiso brought suit
axaln>s :he rzciii, < Alaska Trans porta-
ten Company. claiming tu6Smsn. on a
prornlSsery note made by the corporation
In s&eor u George Fors;e. Beck for S,seH