New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-09-10
RICHTER APPOINTED
Com plants Say PcrfeId Practically
O7rns IN PetitiOning Companies.

Judge Holt IN the United states District Court
YESTERDAY. appointed the Continental Trust COM
pany. If this city. receiver Of the BROOKLYN Brick
end Sewer Pipe Company. the STANDARD Fireproo--
ing cou7snv the Great Eastern Cav Msnufactur-
ing Company. the Standard Titrihed Conduit Com
psry. the National CLAW Manufacturing COMPANY
and tho Manhattan Brick and Terra Gotta Com
panv. The bond ~ the receiver was fixed AZ SEQ"
for each COMPANY and the receiver AUTHORIZED 10
continue the business for sixty DAYS.
The appointment was made on the application
~ the isw firm Of Rowland. Murray q frehlce.
IS attorneys ~ the six plaintiffs The first appli-
cation was made by the Standard Fireproohng
coronsnv as plaintiff against the BROOKLYN Brick
snd Sewer Pipe Company. End RAYMOND g Pen
Asld. defendants the plaintiff declaring that the
company owed Z, $4,000 on note II was ais"
alleged that with the exception cf fe" shsres
owned h,- directors qualify them. the entrs
osrita1 stock If tho defendant corporation vas
owned =, PenfeId and that he had without au-
fho-itv used the property and assets ~ We o.
ferdant company 20 further other and OUTSIDE IN
tereete aud mad issued commercial paper TO the
amount % about go o. the major portion of which
was held by innocent purchasers. and for which thH
Brooklyn Brick and Sewer Pipe COMPANY We're
liable a. The signers If The collateral
r vas f1rther' alleged that Penheid. VINO mao
entire control Of the finances 81 the SIX
~ornoratfors he'd practically abandoned then'
making no provision for tho payment Of the OUT
standing notes issued bv him. - alleged. 10 tuI-
tber outside interests. The total amount OF 'he
or5tsts nding paper issued I'm the name 81 we -
oor,psrios the complaint estimated ~ about 81
30 eo The insolvency Of the defendant companies
!, Vas stated was due the issuance If the out
standing rsper and that otherwise the companies
were doing more or iess profitable business
The second petition made by the same pam
til the Standard Fireproofrg COMPANY, sea aIs.
she Macmillan Brick and Terra Gotta COMPANY
and po--ei5 An inds bredness ~ s9'9'9 was Al
legged Fenfeld vas again cited as the pracucs'
owner r. the defendant connpsnys S@H''' capl'ai'
and the amount n us outstanding paper hNel Al
S75ela .-,
conduit, COMPANY. against the Great Eastern Clay
Manufacturing Company. and the plaintih GAINED
an Indebtedness duo from the Defendant OF $50
Perfeld was alleged 10 he the owner OF ''ie "e
fs,,l,rt co-npauv's q 10000 capital stock and
s.oo 100 as the amount used Of its assets ny rem
Geld FOR his own benefit
The STANDARD Fire PROBING Company appeared
ss the plaintiff in the fourth petition made against
,ba Standard Vitrihed Conduit COMPANY and rem
ee,5 v-as again cited as co-deferdant An lndeot-
- - % on Was alleged and Penfeld claimed
q, t,a the whole owner Of the defendant company
s75 oa ~apital stock with the exception Of the teW
qualifying shares held by directors. ABOUT SSo''"
is cited as the amount Of the outstanding paper
issued by Penheld in the name q the DEFENDANT
company.
Tn. aftb neti+soner is the Standard Nitrihed Con-
duit COMPANY against the National Clay Manufact-
urirg Company and Penheld. note Of $4,000 Is
claimed due the plaintiff from the defendant ana
Toerfeld given as the owner Of the defendants
s. 90 GO capital and S25o6O the amount Of paper
issued by Penneld.
The last petition was made by the New-N ork
Blower Company against the Standard Fire Proof
ing Company and Penheld. The indebtedness Of the
defendant to the plaintiff cited as s23.SS9 The
csritsl stock Of sg0ooo is again alleged TO he the
property n Peufeld and the amount % paper Is
sued not stated but declared 10 he of large
amount.
Attache1 70 the six petitions are six afhdavits
signed by J. A Green. treasurer Of the Eastern
clay Manufacturing Company and the National
CLAW Nanufsct curing Company. who declares Pen
field 10 the owner Of the American Ciayworking
Machinery Company. Bucyrus and WilloughbY.
Ohio. worth 5000 and likewise the owner NJ the
Nevy-York Blower Company. an ohio corporation.
with q E5NaO plant. Mr. Green declares Penfeld
be the owner az the Standard Flreprcofng COM
psnv. Of New-Nork which corporation Is the
stock II the Manhattan Brick and Terra Cote
Company and also tho capital stock If the Brook
lvn Brick and Sewer Pipe Company. al Of which
have vslua bic assets Penfeld Is the on ner. the
af7davit states Of the Mexican Clay Nanufactur-
INK Company. ~ the tity ~ Mexico with plant
worth $4,000 nov In the hands Of the Cleveland
WORKING Machine COMPANY. owned By Penfeld.
IS said by the aflant 20 own half Of the stock of
the Great Eastern Clay ManufaCt turing Company.
If Perth An1hov. worth Sy-i00o. and also 10
haif the capital stock n the National Clay Manu-
featuring |ompsnv. Of South River. y. J. worth
ssoe0 The latter corporation in turn the afidavit
r.Ted Conduit Company. ~ New York. worth So
n1n II allowed fall into the hands IF creditors
the valuable assets viii he lost and for that reason
The receivers are asked. The receivers bonds will
proha bly be flnf TO-DAY
Mr.. Penfeld was not ~ his office. No 40 rort-
lan1f ST yesterday