The daily journal. (Salem, Or.) 1899-1903, 1901-05-18
Mr.. Ford Believes They Had Abundant
Assets and That All Will be paid.

Judge R. P. Poise, Of Department No.
2, Of the State Circuit Court for Marion
county, has appointed Claud Catch as
receiver in the case Of Tilmon Ford, a.
executor Of the last will and testament
and estate Of william Cosrer, deceased,
plaintiff, against the Gilbert Bros., and
their wives, defendants.
Mr.. Catch as receiver, is not, during
the pehdency in the United States Dis
trict Court Of the suit commenced by
Emma Johnson against the Gilbert
Brothers, Tilmon Ford, etal., 10 in any
manner molest or disturb the possess.
ion Of the receiver appointed by Judge
Bellinger Of the Federal Court; that
case being now before Judge Bellinger
upon the question as 10 whether or not
the Federal Court has jurisdiction 10
try the merits Of the suit therein pend
inz; but in case Judge Belinger should
decide that the Federal Court is without
jurisdiction, and should dismiss the
bill Of Emma johnson, then Mr.. Catch
is authorized as receiver Of the State
Circuit Court, to receive all Of the pro-
perty then held by the receiver Of the
United States District Court, and receipt
70 him for the same.
This appointment lie said 10 have for
its object keeping the property in the
custody Of the law in case Judge Bel
linger should sustain the demurrers
to the bill in the case before him in the
Federal Court.
II is understood that Judge Bellinger
was consulted, and consented that Judge
Boise might appoint receiver; but IL
Judge Bellinger should finally decide
that the Federal Court has jurisdition,
Of course the recaivership in Judge
Boise's court will be held for naught
but in case the bill il dismissed, Mr..
Catch proceeds as receiver and thus
prevent the possibility Of attachment
suits being commenced, which would
incur costs and expenses against the
assets Of the Gilbert Brothers. Mr..
Catch has filed his bond, with Hon.
A. Bush as bondsmsn, and the under
taking has been approved by Judge
Boise.
Mr. Catch 10 the Well.known cashier
Of the Ladd & Bush bank, and is ca.
pable gentleman in every respect. He
has had experience with receivership,
having been receiver Of the Fred A. Legg
drug business q few years ago. There
was objection TO Mr.. Catch as receiver
when the matter was first before Judge
Bellinger, but il came from source
that gives promise that the legal ad.
wiser employed will not ioment litiga-
tion.
Mr.. Thielsen, the temporary receiver
was seen and said be would 20 on with
his work Of taking inventory until de-
cision wac rendered in the federal court
on the question Of Jurisdiction.
Mr.. Ford, the executor of the Cosper
estate when seen said, as his firm had |
about $4,000 deposits in the bank,
on individual accounts none
1f them could act as attorney
or the new receiver II he is permitted
% take charge. When asked as 10 his
aith in the securities meeting the de.
nands OF the creditors, Mr.. Ford said he
vas personally interested in the bank
'aying out in full. IL would depend on
,ood management, he said. With good
luysing OF the assets, avoidance Of piling
Up costs and expenses, the bank would
'Ay out. Asked as 10 what would be the
hances OF the pHblio school savings de-
'osits paying out, he laughed aud said
hat he Was in favor OF suing the bonds.
nen for that. Mr.. Ford further said
hat Mr.. Slater and MeNary and a clerk
Iad made an inventory OF the Williams
! England bank in five days, and the
eceiver OF the Gilbert Bros. bank |
'ould not need TO give il his entire time
nd attention.
To Eusn.s . CT.