The Savannah morning news., 1902-11-11
MANY MILL MATTERS
WILL DE TAKEN UP BY JUDGE
SPEER WHEN
U. S. COURTS CONVENE TO-DAY
CHARGE WILL BE DELIVERED TO
GRAND JURY AT 10 O'CLOCK.

Sale of TenniIIe and MiIIen Mills
VIII Be Acted On-LittIe Doubt
That Bids for the Latter Property
VIII BE ApprOved-Receiver In
able to Get the Price Set by the
Court for the TenniIIe MiIIs-Re-
ceiNer of BarnesviIIe Enterprise
Will Move the Court to Accept
Settlement Made-Mnny Bankrupt
cy Matters to Occupy the Attention
of the COurt-SessiOn Will BE
short.
The United States Circuit and Dis
trict Courts for the Eastern Division
of the Southern District of Georgia
will be convened this morning at 10
o'clock While the session of the court
Will not be a long one, there are many
matters of Importance to occupy it,
numerous matters of a criminal nature
will be investigated by the grand
jury. and all matter ready for trial will
be taken up by the court.
This morning. directly after court is
convened, Judge Speer will deliver his
charge to the grand jury. and doubt
less a large assemblage Of the members
of the bar will be in attendance to
hear his always able effort. number
of the members of the bar from the
several cities in the Southern division
of the court arrived last night to be
present at the opening of the court.
Many Mill Matters.
A gree many of these lawyers are
here in the interests of the bondhold-
ers and receivers of the several cotton
mills which have heretofore been plac-
ed in the hands of receivers. These
matters will probably come up this
morning, after the charge to the grand
jury has been made, when motions
from the gentlemen of the bar are in
order.
The receivers of the MiIlen Cotton
Mills, Messrs. John r. l.. Smith and
Tracey r. Hickman, will ask the
court to approve the sale of the mills,
made yesterday to Mr.. j. r. Lamar,
trustee. The price paid for the mills
was 100000, which was the upset price
named by Judge Speer at the February
term of court, and there is little doubt
that the bid will be approved.
At the last term of court Judge
Speer sustained the objection of the
Southern Cotton Mill and Commission
Company to the proposal of $4,000,
and ordered that the mills be not sold
for less than 100000, which amount the
DIRECTORS named as the value of the
enterprise. The former bid was made
by Mr.. ]. r. Lamar, as trustee for
bondholders, as was the bid yesterday.
The TenniIIe Mills.
The court will be asked to approve
the bid of S400 900 for the Tennille Mills,
x.-n4 1k Of I,r sNfg ,..t he 10
clined to accept The receiver,
Mr.. NJ. B. Corbin, was ordered 10
offer the property again. either at
public or private sale, in order that
a larger sum might be realized. This
has been done, but a higher bid than
$4,000 has not been received. The bid
was made by the bondholders, who
represent $4,000. When Judge Speer
declined to accept the bid, he named
an upset price of $4,000. Mr.. NJ. B.
Corbin, the receiver, is represented by
Messrs. Erwin G. Galloway. The bond
holders are represented by Mr.. NAL
colin Jones.
Mr. Galloway, representing the re-
ceiver, will ask the court to assign a
day for hearing the Hansen Crawley
Company matter. The Hansen Craw-
ley Company is a part of the Barnes
Vile Manufacturing Company both
of which concerns went into the hands
of the receiver about six months ago.
A settlement of the case of the latter
concern was heretofore sanctioned by
the court, and the receiver dismissed
A settlement has also been effected,
and this the court will be asked to
sanction.
ReOrganized by Stockholders.
The two properties represented near
ly S250000 of capital, and their failure
vic NJ II
AS the outcome of the failure, too Mr.
w. S. Witham. president of the mills,
has been indicted by the grand jury
and is now on trial at Zebulon The
stockholders reorganized and the set
tlement was made Since the settle
nent GAINESVILLE has taken on new
life.
There will be many other motions in
readiness; forty bankrupts are await
ing discharge, and, altogether, there
will be plenty of business for the court
Judge Speer said last night that he did
not know how long he would remain