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

X Mcclure. 2'issing that they. as IL
rectors, authorized the assignment cf he
oompany's interest in TIE $4,000 policy on
the Nevada held by the F.remer's Fund
Insurance Company to VI. J. McGuire, tae
wife of II. p. Mcguire. for the purpose
CT delaying and hinderng the creditors
Of the company in the cole, .on CT their
debts.
Mrs Hawthorne also Sues the Paciac &
Alaska Transportation Company On Il
promissory note alleged 10 have been
made in favor Of George Forster Eek,
THE purser on the Nevada. who was IN
terested In the concern as a stakeholder.
Mrs. Hawthorn, alleges that she Is the
holder of the note. having purchased L
-the sale-of th1 assets Of the Beck es-
tate
Judge Moore yesterday signed tempo
r3ry restraining order restraining the le-
PENDANTS from collecting The Insurance IN
the veSse, until the matter could be heard
IN court. Judge Stratton. counsel f3r the
compiainants. Ola not press the appoint
ment OF "a receiver.
The history OF the formation Of the Con-
pany - contained in the biz filed by Mrs.
Haw tlocne. asking Cor the appointment OF
"A receiver. 1t IS stated in the complaint
that the company was organized in 1877
with capital Of sio0000, held principally
Il.
his brother Subsequently,. IL Is alleged.
George Forster Reck became the owner OF
81. 90 face value OF tire stock Later an
equal amount OF stock was placed Ia the
name o. H. +. Mcclure as trustee for the
Joint benefit OF himself, his brother. w.
W Mcclure. and Mr.. Beck. This stock
was later divided equally among the three.
Mr. Beeks interest then hecomlng sse,too.
II IS alleged that the principal asset OF
the Germany was the steamer Hassler.
which was purchased by Mr.. Mcclure FOR
sl5.-eo and sold To the corporation for tbs
nominal sum of soa eco Thus The stock
of the company was fully paid M. The
plant then reCites the sailing OK TIE
Nevaaa from Seattle on her initial vcy-
aee - SkagwAy. and her loss on the re-
turn trip III LyEu canal. win ali on board.
including Beck. ;he purser.
II IS next related that the stock OF Beck
was sold Is his Wife as administrators
OF his estate. and purchased by the plant
IN II Is stated that the policy az insar-
ance fer S2oooo less On unpaid premium =
81 Sga. and the moneys received fer pass
age ana freight 20 Alaska constitute the
chief assets az tie corporation TIE money
80 received is given "a s7.5o0 IL is also
stated that taa expense - fitting MP tie
Nevada for her firsI trip Is 10 be deducted
from IN. money reCeved OF her first vcy-
age. amounting 70 3Il.5ao. Less $3.50 whi \
has been paid ~ ne company.
II Is charged by the pla,ntin tia: late
In February tie Nctsure brothers. and
one other trustee. a, d regular meeting Il
tho board - directors. passed z resulu
tson authorizing tSe assignment or tae
car1panV's interest IA the insurance ro,-
isy TO NJ J. Mcclure as payment FOR
noe e SIS eso xhich II IS alleged was a
sued without consideration 10 Ms Nc
CURE bv the company. II is charged that
the passage OF The resolution by the hCari
was procured by Mcclure for the purpose
~ PLACING the assets ~ the company be-
vonsi the rsSch - Ire creditors
In paragraph l. Il Is charged -6at Jhe
Nctfuf~e brothers claim that the company
bAs purchased ;he BARK Oakland Ger s. 20.
e. tAs purpose o. further prosecuting is
business ard tAas IN reality the prize
pala for the Oakland was oaiy $i-0A
wa.ch. 81 - alleged $ 81 the s5ip : worth.
TVS Transaction = alleged 20 be fraudu-
lex cue.
E!r&Is. i, il alleged ia, both :hs Nc
Cys.-es are tnso.Nent. The prayer OF the
p9sii.eG = that receiver % appointed -
talo ~aasasgsca &C tse assets CT the ccTl-
pa.y. - tie sri taS. all me Interests
81 tl.s CREDITORS nay DC protected
N~e Hawthorne s.so brought sa!,
aS&jnss he rae:Se i; Alaska TTans2orss-
t.oa Cc1,psay. claiming tu6snen; on
p-saa.ssers Asts made oy So corporation
a 1ASf o. G.s2xs Fs-s.sE 2ss.s or ts,soa