The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-04-17
ENCLISHMEN FAIL.
Bought the Hills Brewery
in Newark and Now
Want a Receiver.
MEYER ABLE TO MAKE IT PAY
Liabilities Over $500, 900 :
Mr.. McCarter's Modest
Request Of the Court.
MEYER ABLE TO MAKE IT PAY


Former Judge Thomas N. McCarter, Jr.,
of Newark, applied to Vice Chancellor
Stevens this morning for the appointment
Of a receiver for the Hills Brewing Com
pany of Newark. This is the first Ameri-
can brewery bought by an English syn
dictate and is owned by the A~nglo-Ameri-
can Debenture Company of London.
Hamilton Kean, of Elizabeth, brother of
United States Senate John Kean, is the
agent of the company and has a power of
attorney to act for it under all circum-
stances. The bill in the case is filed by
John Amin, of London, who says he is a
director of the Anglo-American Debenture
Company OF London, which holds $3.50, 600
worth of the first and second mortgage
bonds and other obligations of the COM
pany.
Mr.. Anan says the company is insolvent
and its business SO demoralized it is inn
possible to continue long proftably. The
company, according to the bill, is a Brit
ish corporation, with offices in London,
but all it's property is in the State of
New Jersey, and that it owns and OPP
crates a large and valuable brewery at
Springfield and Morris venues Newark.
A1o al AoSaC0 cAA PSA NSAAN %AAS~
mortgage bonds to the amount of $780,
900, all of which are held by the company.
These bonds are still outstanding and the
company has defaulted the interest. The
business of the company was unsuccess-
full from the first and in August, 1893.
$50, 600 worth of second mortgage bonds
were issued. The company also defaulted
on the payment of the interest on these
bonds. 1t is alleged that during the past
two years the company has been obliged
to issue notes to the amount of $22, 900 to
pay its current expenses. A part of the
c~ompany's ill success is attributed to the
hard times and to the extra revenue tax
of 81 a barrel imposed upon beer. This
the bill says a completely demoralized
the beer business, and the Hills Company
has been a heavy sufferer thereby. The
company owns valuable property and ma
chinery, which, If sold and the proceeds
applied to the payment of its indebted
ness, will to an extent assist its creditors;
but if the company continues in bust
ness the creditors will lose everything.
Last week Vice Chancellor Emery grant
ed a rule to show cause why a receiver
should not be appointed, which was re-
turnable today. When the case came up
this morning, Counsellor Taylor of New
ark said that he represented the com
pany and had filed an answer in which
the company agreed to the granting of
the receiver.
rs it signed by the treasurer asked
the Vice Chancellor.
mo, SIR replied Mr.. Taylor, but it
is signed by Mr.. Hamilton Kean, the at
torney of the company in this country"
The Court doubted whether he had n
jurisdiction, but finally made up his mind
that he a and said the question was
hi kline of an order he should make.
He would require a few days to consider
that question.
Mr.. McCarter modestly suggested to the
Court that all parties interested in the
suit desired that he, Mr.. McCarter, be APP
pointed receiver.
81 will consider that also," said the
Vice Chancellor with a bland smile as he
gathered up the papers.