The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-11-07
Salt Palace Affairs Placed In Hands
S. j. Lynn.
JUDGE CHERRY APPOINTS
LIEN HOLDERS AND DIRECTORS
CONSENT TO ACTION.
All Mechanics Liens Will Be Fore
closed at Once-Debts Aggregate
Over $50, O0O-Property Will Be
Cared For and Danger of Forfeit
ure of Lease Averted.

| by common understanding between
all the parties interested, Sylvester j.
Lynn was yesterday appointed by
Judge Cherry receiver OF the property
and effects of the Salt Palace. The re-
ownership was ordered on petition of
the Salt Lake Hardware company and
the written consent of the Salt Palace
association and the lien holders who
have claims against the amusement IN
stitution. Mr.. Lynn's' bond was fixed
at $1,000. which will be filed today
| The complaint of the Salt Lake Hard
ware company is made against the
Utah Salt Palace association and the
| following lien holders, as party defend
ants: Salt Lake Building & Manufac-'
! turing company, Elias Morris & Sons
company, Salt Lake Electric Supply
company, F. E. Schoppe & Co., Utah
! Lumber company, Taylor, Romney,
Armstrong company, George NJ. Scott
Strevell Hardware company, Patton &
Reese. Inland Crystal Salt company.
Richard KIetting, Parker Lumber COM
pany, Pacific Lumber company, Morri-
son, Merrill & Co., George F. Felt &
Co., Silver Bros Iron Works company,
Sierra Nevada Lumber company, Nell
den-Judson Drug company and Sears
Glass & Paint company.
+ Debts of Over $4,000.
In support of the petition for appoint
ment of a receiver, it is alleged that
plaintiff. after deducting its stock sub
scription of $3.50, has a mechanics lien
in the sum of $S72.92 against the Salt
Palace for materials furnished in the
erection of the building and improve
ment of the grounds, but that the de-
PENDANT association is without the
means to pay this or other lien claims,
which mr. RI a S30 000 iS
also set up that there is an aggregate
floating Indebtedness of over $4,000
against the palace, rendering the aSso-
citation hopelessly insolvent. The pre-
miums for the fire insurance policies
upon the buildings have not been paid,
ard, it is alleged, there is danger of
the policies being Cancelled.
To Prevent Total Loss.
a further reason in support of the
application for appointment of re-
ceiver is alleged to be that the sole
value of the Salt Palace franchise is in
lease held upon the grounds until
May 1, 1902. and that at the expiration
of the lease all the buildings and i'm
provements will become the property of
the lessons, ]. r. Walker and Freder-
lex Heath. 1t is maintained. however,
that the property upon which the liens
attach can be made to pay all the cred
itors and to prevent forfeiture of the
lease and the fire insurance policies if
a proper person manages and cares for
the property with respect to the rights
and interests of all the creditors.
AS petitioned for. the order appoint
ing S. ]. Lynn receiver of the Salt Pal |
ace property directs the claims of all |
lien holders to be ascertained for adj /
Indication. and that during the pen |
dency ofSthe action the receiver man. /
age the property under the direction of |
the court.
A supplemental order was made di-
recting that all lien holders present |
proofs to the court in support of their |
claims on Dec ..
Dey, Street & Bramel are attorneys |
for the Salt Lake Hardware company, !
and Stephens & Smith and ]. NJ. Bow
man represent the lien holders and the |
Salt Palace association respectively.
Foreclosure of Lines.
Mr.. Lynn, in speaking last evening
of the policy which will be followed in
the affairs of the palace, said
that the mechanics liens will be fore
closed at once, and that If it is estab-
lished that the creditors have a right to
the property it will be sold to satisfy
their claims.
THE policy will be one of economy"
said he. THE first thing that will be
done will be to stop all unnecessary ex-
pense. The palace will be rented for
entertainments, and will. if such a
thing is possible, be made to pay for
itself. No bicycle races will be given
and prizes promised when there is no
money forthcoming with which to pay
these prizes
President Nelden Talks.
President Nelden of the Salt Palace
association said last night that the ap-
pointment of receiver was a surprise
TO him. and that he had heard nothing
about the action of Judge Cherry until
he had seen it in an afternoon news
paper.
There is nothing that 1 can say
about it," said he, for I haven't had
time to consider the matter There has
been no consultation with me. and so
far as 1 know there was no understand
ng with the board of directors. / don't
snow yet whether or not l shall call
meeting of the board of directors to
consider the situation"
Both directors, Jacob Moritz and ].
?. Gardner. said that the action was
aiken by the lien holders and without
with the Salt Palace direc-
.ors.
It's probably the best thing that
,ould be DONE" said Director Gardner.
Since some of the creditors refused to
ign the agreement which was offered
hem no other action was possible"
Il have advocated this from the
start" said Director Moritz Mr.. |
Walker suggested a receivership some
lime ago, and I favored his idea, but
he others did not"
TrI1 CT Thoca Uha