The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-10-30
HENRY HOLMES ASSAILED
Vice Chancellor However Up
holds Him as a Proper
Receiver.

Henry .Hoimes. the conlrac-
tor Of this city, received a vindica1lon
this morning in the Court OF Cnancery'
Last week Mr.. Holmes was appointed re-
ceiver for the Sheridan-Shea Company,
contractors. which was declared TO pc IN
/ solvenf The creditors were ordered to
appear in court this morning and stare
any objections they might have to the
apnointment. The liabilities of the con-
| Germ were placed at $4,000. while no
| definite amount of assets was given the
principal asset is a sub-contract on the
new Notifications which the Government
is having constructed at Key West. This
is apparently an unknown quantity and
it's profits were placed at about 5000
Mr.. M. i. Rosenberg, for one of the
creditors, objected to Mr.. Holmes APP
| polntnent on the ground that he thought
a lawyer Should be appointed as there
was peculiar legal features OF the case
which ehould be carefully Investigated.
| Mrs. A. S. Sheridan, the wife OF the
president Of the company, had TRANSFERRED
to her in June, 1888, all the property 81
the company, to a a debt OF SpsV9'
while she now appears as creditor OF tne
| company for $4,000. This Mr.. Rosenberg
| thought that that phase of the case snoula
be thoroughly investigated. Now MI.
Holmes, Mr.. Rosenberg said, was friendly
to Mr.. Klink, who is treasurer OF the
company, and who appeared in court as
| counsel for the company. Mr.. Holmes ana
Mr.. Klink belonged to same pelticat
club and party and were very friendly 70
| each other. Mr.. Rosenberg did not know
| whether that fact would influence Mr..
Holmes in the discharge of his duties, but
he merely threw out the suggestion 10
| the Court.
Mr.. Klink said that Vice Chancellor
| Emery had six names suggested to aim
! last week when application was made for
( the receiver. He took them home with
| him and after a careful investigation he
| appointed Mr.. Holmes. He declared that
| Mr.. Holmes friendship for him could not
| interfere with the faithful discharge OF
| his duties as receiver.
Representatives Of several of the credi-
! tors of the S~heridan-Shea Company said
| that their clients had had healings with
Mr.. Holmes and were satisfied that he
was the proper person to be receiver
They stated tha the only apparent valu-
able asset was the Key West contract,
and that it needed a practical contractor
to properly develop it. They also spoke
highly of Mr.. Holmes.
Mr.. Rosenberg insinuatingly asked one
of the counsel who was eulogizing Mr..
| Holmes, if his client had busines rela-
| lions with Mr.. Holmes too, and the eoun-
| sci replied that he had not.
Mr.. James Fielder also objected to Mr..
Holmes on the same ground that Mr..
| Rosenberg did. He said it was a danger
Gus thing to appoint as receiver a man
who was friendly to the complainant. Mr..
! Fielde did not consider the Key West
contract of any value and said the only
| thing to be Investigated was the transfer
to Mrs. Sheridan.
Mr.. Klink denied that Mr.. Holmes was
| even acquainted with Mrs. Sheridan, the
complainant
The Court said that no tenable object
ton to Mr.. Holmes had been shown and
that he would continue him as receiver.
He also appointed Charles L. Carrick
counsel to investigate the transfer to
Mrs Sheridan