The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-03-08


duct the affairs Of the KretoI Chemical
Company was agreed upon this afternoon
by the attorneys representing the vari-
Gus interests. An order has been drawn
UP and viii be presented to Judge Norton
Of the Corporation Court in Alexandra.
this afternoon or Monday. Following the
issuance Of the order by Judge Norton
similar action will be taken in the Su-
preme Court OF the District. where apoIf-
cation has also been made By Messrs.
Ralston & SiddOns. attorneys for Major
George A Armes. for the appointment OF
a receiver for the Affairs Of the eompany.
in this city
To Resume Operations.
The order. as agreed upon, provides
for the resumption OF operations az the
cOmpany's plant in Alexandria. the re-
ceiver being granted full powers For
several days Nessrs. RaIston & Siddons-
representing Major Armes. have been in
frequent consultation with Mr.. George s
Chase. representing the large stOckhoId-
ers- and Jointly with Mr. Frank D. Ander-
son. Of Alexandria, representing the Kre-
tel Company. These gentlemen. by direc-
tiOu Of the hoard Of directors Of the
company, had prepared their answer 10
the suit Of Major Armes, and were to
fight the action until the stockholders
adopted the views Of the attorneys. and
agreed that all interests would be best
conserved by the appointment Of a teu--
pOrary receiver.
Al Interests Protected.
The receiver is to be appointed CD tho
application Of Major Arnes. but all in
terests have been recognized and viii be
fully protected. A number OF names viii
be presented to Judge Norton cs. persons
Who viii be acceptable 70 the various IL
terests. bat it is Believed that Mr. SsHaeT
I. Lunt. Of Alexandra viii probably be
named. Mr. Lunt is weII-knowu and
highly esteemed gentleman. He is eu-
gagged in the real estate business in that
city. among the others who are men
toned are the superintendent Of the Rre-
-ol factory, 1Ir- O'Mesra; Captain Knox.
and 1lr- Barlow
To Call IN Dividends.
Another important action determined
upon by the interests involved is the call
ing in OF all dividends that have been de-
rlared and paid 10 stockholders. Both
cash and stock dividends viii be thus re-
called
a call viii shortly be issued for a meet
ing Of the stockholders when all matters
Df the affairs viii come up for cousidera-
ton This meeting viii not take place
until the affairs Of the company are in
.air way TO readjustment, as 1t requires al
least thirty days notice TO call a meeting
1f the company
Lawyer Goes TO Alexandra.
Immediately following the reaching Of
Ia agreement among the attorneys this
afternoon, Mr.. Frank B. Anderson hur-
-ied to Alexandra 70 secure, II possible.
the immediate issuance Of the order ap-
pointing the receiver II the court shall
have adjourned when he arrives he viii
be compelled 10 defer action until Non
day morning. The appointment OF the
receiver viii in no way affect the attach
Uents which have already been levied
upon the eompany's property, and it may
be necessary 10 give a bond TO secure
control Of the factory and resume opera
Jious. This viii be done al the earliest
possible date
The furnishings Of the Offices in this
city, which are in charge OF a deputy
United States marshal. are not receiving
the attention OF the eompany's represen-
tatives as the title to the furnishings is
said TO still rest with W B. Moses & sons.
from whom tie furniture vas bough- On
credit.
Condition OF the Treasury.
According TO the latest report Of Secre-
.ary Browne there remains in the treas
lry of the company but S50. 900 worth Of
stock out Of the total capital OF SI.0O0.-
itC- Since the date Of incorporation OF
The company stock Of the face value OF
,4O0 900 has been sold. yielding. after pay
ng costs and commissions, about $40
boo in cash The face value Of the yari-
Jus stock and cash dividends during the
-hree reorgauizations q the company Is