The age-herald., 1901-05-03
JASPER LAND CO. HAS NJ RECEIVER Chancellor Carmichael Signs a
 Decree Last Night OFFICIALS GET LARGE FEES No Decree Entered Yet In the Corona Coal and Coke Company Receiver
 ship-ProbabIe Adjustment
 at Early Date.
OFFICIALS GET LARGE FEES

'haIieFfior Jonn V. tafmlchaei signed final decree last night in the case of Wallace & Carey against the Jasper Land Company now pending in the Chan cery Court of Walker County. which dis misses the case and discharges the re- ceivership. The decree recltes that it's terms are agreed to by all parties. and this is the first legal step towards an amicable settlement and adjustment of the long litigation involving the Jasper Land Company and the Corona Coal and Coke Company.
 The decree when signed last night was taken to Walker County by F.. " Cole man one of the attorneys. to be entered on the minutes of the court there Owing to this fact copy of the decree could not be obtained It allows. however, the coun- sel for the complainants $12,500 and the counsel for the receiver and the receiver himself about s4eOO for each.
 This litigation began by some internal dessention among the stockholders of the Corona Coal and Coke Company result ing in the filing of bill by the Jasper Town and Land Company. Limited. an English corporation, against the Corona Coal and Coke Company, asking that a receiver be appointed to take charge of and wind up it's affairs. Bartlett was ap- pointed receiver Subsequently l.. B. Mus grove representing other interests in the company. filed motion asking that this receiver be removed and another ap- pointed. This motion was granted by the the court and on December 1. 1S9S Henry B. Gray and T c. Culverhouse were ap- pointed receivers and they have since been in charge of the affairs of the com pany up to April l, when Receiver Gull verhouse resigned Since then Receiver Gray has had charge.
 The Walker County Suit.
 Subsequent to this suit Wallace and Carley, who were stockholders and credit ors of the Jasper Land Company, which owned the Corona Coal and Coke Com pany. filed suit against that company in Walker County asking that a receiver be appointed and seeking to establish their claim against the company. which amounted to over s2OOO0O. Under this suit Ross c. Smith was appointed receiver.
 Wallace and Carley having obtained judgment in this suit. then filed an inter- vention in the suit against the Corona Coal and Coke Company. of which Gray and Culverhouse were receivers, asking that their claim, which with interest amounted to s21e,0o0 be established as a valid claim against the property and as- sets of that company.
 The decree rendered by Chancellor Car michael last night dismsses the Walker County suit No decree has yet been signed in the Corona Coal and Coke Company receivership, although it is thought this case will shortly be settled of a sale had of its properties by the re- ceivers to perfect the title of its assets, the company itself having been dissolved and the title of it's assets being in the court.
 Corona Coal and Coke Company.
 The Corona Coal and Coke Company owns several thousand acres of coal lands in Walker County on which two or three openings have been made. The output of the mines is about HOO tons daily.
 It is understood that the Corona prop critics will pass into the hands of the Monongahela River Coal and Coke Com pany, which purchased the Virginia and Alabama Coal Company properties few days ago.
 John G. Greenough of New York, for merly a director in the Alabama Great Southern Railroad Company, and inter- ested In other properties in this district, has been negotiating for the Corona prop critics for several weeks and it is stated has paid all claims against the Corona Coal and Coke Company, thus coming in- to the full control of the properties.
 MT, Greenough. it is understod. has been representing the Monongahela River Coal and Coke Company in this deal, and as soon as all the legal requirements shall have been completed with the formal transfer to the Pennsylvania Company will be made.
 It is announced that w. E. Leake for merly vice president and general mana ger of the Virginia and Alabama Coal Company has been retained in the service of the Monongahela River Coal and Coke Company and will be general manager of its Alabama properties Mir Leake has been very successful in the management of the Virginia and Alabama properties and his retention in that capacity by the new company is recognition of his business capacity.
 
 Peculiar Accident