The age-herald., 1901-05-04
Case in Montgomery Court Was
 Dismissed. NO SENSATIONAL EVIDENCE Expected Charges Failed to
 Materialize. FURTHER FIGHT MAY BE MADE MT. cobbs Makes Statement In Which He Says He Hopes to Pay the Investors Dollar for Dollar.
FURTHER FIGHT MAY BE MADE

Age-Herald Bureau. Ciancey's Hotel. Montgomery, May 3.-(special.)-J B. Cobbs, receiver, will remain in charge of the affairs of the Continental Security Redemption Company. This was settled as fact by Judge Bruce of the United States Circuit Court here today
 The case was brought before the court through Elmo M. Massegale, ct all, who sought to have MT. Cobbs removed from the receivership, setting forth some very sensational charges. The case was brought in the Birmingham branch of the court. but Judge Bruce ordered the hear ing here today. Accordingly. the matter came before the court at noon.
 There were a number of persons inter- ested in the court room, and some sensa tional testimony was expected. but 1t did not develop.
 When the matter was called, Attorneys Thompson of Birmingham and Mertins of l Montgomery, who represented Massen- l gale, asked for dismissal of the order l for removal It was stated that the chiei attorney. MT. Harris of Atlantis. was no. present. and without his presence ths other attorneys were not advised to con. tinue the proceedings.
 The Case Dismissed. Judge Bruce very promptly dismissed the case, and issued an order giving Re- ceiver Cobbs full authority to act for the company. This order gives him the right
 
 company who are residents of the State of Georgia as well as those of Alabama. After the adjournment of the court. Re- ceiver Cobbs stated to a representative of The AgeHerald that he would continue in the capacity of receiver and wind up the affairs of the company in the best possible manner for the investors.
 .I did not seek the position of receiver. said MT. Cobbs. but 1t was given to me without my knowledge that the offer would be made. Since this trust has been reposed in me shall certainly conduct the affairs of the company as think best for the stockholders. I am not prepared to say that the company will pay it's debts dollar for dollar. but with full co-operas ton of the bondholders feel almost sure that it will I can not promise this re- suit without their full cooperation.
 As to the Charges.
 "As for the sensational charges brought against me and the officers of the com pany by the petitioners. will state that we have disproven each of them. have not before discussed these charges for the reason that I knew when the time came that they could not be proven"
 MT. Cobbs was accompanied to Mont gomery by his attorney, Col. W. H. Dem son. They returned to Birmingham to- night.
 May Fight Further.
 Some of the Montgomery bondholders are disposed to fight the case further Discussing the matter today, one of the large holders stated that he would wait few days in order to ascertain the best method in which to proceed against the receiver. He said that the first attorneys employed by the petitioners had 'Iaid down" on the bondholders and that new attorney would be employed to look after the bondholders' interests. He would either file bill asking for the removal of Receiver Cobbs or seek to have the company thrown into bankruptcy. There are many bondholders residents of Mont gomery, and meeting of them is to be called at an early date to discuss the best method of procedure.