The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-06-14
OF PREMIER PLANT
COURT ORDERS 1T TURNED OVER TO
w. J.. CARLIN, OF PITTsBURG.
MIL Will BE started Tn Agafn-Can BE
Ready I'm Thirty
Days.

Judge Allen, of the Circuit Court. yester-
day approved the sale of the Premier Steel
Company's plant TO w. J. Carlin. of Pitts
burg, for s125, 100. Mr.. Carlin. with others.
bid ON the plant last Saturday, but the mat
ter was held in allegiance until yesterday, the
court and receiver believing that more
money could be realized for the property.
Yesterday, however, the conclusion was
reached that nothing could be gained by
holding out longer and the property was
knocked off to the Pittsburg bidder.
The claims against the property aggregate
about $4,000 but the purchaser assumes
none OF this indebtedness. In addition to
securing the Premier Steel Company's prop
erty, he into possession of three-ffths
of the stock of the Indiana Steel Company.
This company's mill is situated on the same
grounds with the other plant and was form
erly a part of the Premier works. 1t was
practically controlled by the Premier people.
Jacob Christopher, of St. Louis, is presi-
dent of the Indiana Steel Company. When
the Premie company went in the hands OF
a receiver the other concern was forced to
stop. Ii manufactured structural iron from
material furnished by the Premier works.
The Premier company was put in the hands
of a receiver on May s. 1896. on the applica-
ton of c. w. De PAW, its president. John
E. McGettigan was appointed receiver and
has continued to administer the trust. He
was yesterday instructed by the court to
turn the property over to the purchaser and
prepare a final report as receiver. This will
be done in a few days.
Mr.. Carlin bought the plant for the Arm
of W.. J. Carlin & Son, Of Pittsburg. Of
which he is a member. He says the mills
will remain here and will be put in opera
ton as soon as possible. Receiver McGetu-
gan says the plant can be started inside of
thirty days. The machinery is in good con-
dition and the buildings have been kept up.
1t is stated that the mill of the Indiana
Steel Company will probably be put in OPP
Grafton as well as those Of the Premier
plant. When running full handed between
five and six hundred men are employed in
all the mills. The plant Of the Premier
blooming mill, an o~pen-hearth mill and
what is known as a puddle MILL" which
Receiver McGettigan says can be easily
and open-hearth mills may be used either
for making ingots to be rolled into shapes
for for the structural mill or oillets for use in
mill mas a capacity sufficient to roll into
shapes or billets the full product of the
Bessemer and open-hearth mills.
Mr.. Carlin left the city yesterday shortly
after completing his purchase. 1t is under
stood that he went to Alexandria. where the
is to be sold to-day by the court. This
plant is also In the hands Of a receiver. The
plant Is expected to bring between $500, 900
and 5000 and ii is said the firm Of Carlin
& Son will try to purchase it.
Premier Steel Company is H. E southweIl.
pany 1900. taking 500 & COO oSt Of bonds ine as sV se-
curity Tor the loan. These bonds were is
sued by the Premier company. Mr.. South
well was one OF the bidders for the plant.
Special Contract Case Argument.
| Judge Leathers, of the Superior Court.
yesterday heard argument in the suit of
Robert Lowry against the State Life Insur-
ance Company. The action was brought on
Monday and Is based on the recent ruling
Of the attorney general hat the defendant
company is violating the law in writing
| special contract Insurance. The attorneys
for the company filed an answer to the
plaintiffs complaint, and yesterday the
| plaintiff demurred to the answer Argu-
ment was heard on this demurrer.
The plaintiffs attorney in his contention
that special contracts are illegal said that
the company would in effect make this
kline of a statement to the banker. mer-
munity: See here, WE want You interested
in our company. Your influence will be of
value to US in your community We will
| make you a vice counselor. You will have
so-called duties to perform and you may
have 10 answer half a dozen letters In a
year. You will draw salary as a vice coun-
your Insurance will practically cost you
| nothing" The plaintiffs attorney held that
this was unfair to other policy holders who
| nothing They must pay for all they get.
Discrimination. the attorney held. destroys
ors could not be considered agents of the
company as commonly understood.
The attorney for the compay. held that
there is no such thing as special contracts
| in Insurance. He said there was nothing in
counselor must be a policy holder. In re-
and to the section Of the company's by
laws that provides for vice counselors, the
| company's attorney declared thai no one
| who has had tw~enty-four hours experience
| in administrative insurance work would in
dulge in such dreams as 10 the meaning OF
this section set I as the at faaiSsr genera bss ru hs5 on
| the demurrer the case will be appealed to
| the Supreme Court and 1t Is hoped to get
| an early decision in that court.
Dispute Over ~Gatknecht Estate.
Exceptions to the final report in the estate
| of Lena Gutknecht have been filed in the
| probate department Of the Circuit Court.
The decedent left her estate to her parents
| and brothers and sisters. The administrato
| of the estate. in his final report. recon-
| mended that certain funds be paid over to
| Anna Gutknecht. a sister Of the testatrix.
| Probate Commissioner Walker yesterday
heard the evidence of those who oppose this
| action. 1t developed that the mother of the
| testatrix Is also named Anna Gutknecht. Ii
is claimed that the daughter of the same
| name went about among the different heirs
| and induced them to assign their rights to a
share in the estate to Anna Gutknecht.'
The heirs. thinking this meant the mother
| OF the testatrix. consented to the arrange
| ment. They afterward learned that the
daughter had herself Ia mind when she used
the name of Anna Gutknecht." The latter
says that she explained TO the heirs that she
was having the estate assigned to herself so
| that IL could be uset for the benefit Of her
| mother, who was in need Of funds.
Indictment Against Mrs. Fitzgerald.
A motion to dismiss the case against Mrs.
| Anna Fitzgerald, charged with perjury,
| has been filed in the Criminal Court. Mrs.
Fitzgerald was indicted with Dennis Beach,