The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1904-07-01
BEFORE o. S. JUDGE BOYD.
Bond Case Comes CD
Again-Application for Allowance
a. "a Co-Receiyer.
Especial to The Messenger.)

Greensboro, y. c., June 2s.-Before
United States Judge James E. Boyd
exceptions have been fled by the
holders OF ten matured bonds Of the
fWilkesboro county bond issue OF one
hundred thousand dollars, recently
decided valid in the United states
Supreme court in the suits rough
by Golfer and Company. Of New YORK,
1.-THE principal holders to enforce pay
lment.
The report of the standing master
in c~hancery, the exceptants claim,
not only allows exorbitant and exces-
Isive fees TO the receivers and attor-
lneys of over $4,000, but the
lapportionment OF the funds on
hand of the amount paid in by the
county of Wilkes. is such that the
holders of matured and past due
bonds. with accumulated interest.
are but a third of their principal,
land only two-thirds of their interest
by reason Of the inequitable division
lof the whole noun paid and that
the interest allowed on the bonda
now due and held by New York in
~terests, prevents the local holders Of
matured bonds from getting their
money, although wilkes county paid
S1s,O 900 for the specific purposes of
lcancelling these bonds and the inter
lest on same.
Judge Boyd continued the hearing
until July 9Th, causing notice to be
ISSUED to the master in chancery and
to all interested Parties to be present
for a ina adjustment Of the matter.
Judge Boyd also heard argument
and a~ffidavits on the application of
wv. d. Hardy, of Norfolk, for an al
lowance of one thousand dollars for
his services as co-receiver with f.
wv. Wiley, of New York, of the Dan
River Lumber and Mt. Airy Railroad
lCompany, adjunct of the Tunis Lum-
der Company. of which he was secre-
itary and treasurer. The application
was contested by the substitute re-
|ceivers, w. III. Tunis, Of Baltimore,
and John A. Mills, Raleigh. on aff1-
Idavit hat When the reorganization Of
the Dan Valley Lumber Company was
effected. Hardy agreed to act as re-
~Iceiver for the salar" paid out of he
Tunis Lumber Company, as secretary
and treasurer df has corporation.
and cited in support of this conten-
ltion the fact that Wiley, his co-receiv-
Ter. had made no charge for his SER
vices.
Judge Boyd declined to decide the
matter, ordering the issue to be made
iup for trial before a jury at the Oc-
Itober term of the Federal court.
Before a referee in bankruptcy, j.
70. Alexander's application for a dis
charge in bankruptcy of B. F. Sprin-
gle, of Reidsville, was resisted by
Icreditors on the ground that the
bankrupt in the schedule of his prop
,,erty owned, had f~raudulently failed
to report the real estate and personal
property valued at $4,000 which
was in the name of his wife, but paid
for out of his own money, subsequent
to making the debts sought to be col
ilected. Sprinkle had been a large
ldistiller, had made an assignment
three years ago, gone out of business
i'm his own name, leaving heavy liza
Utilities to brewing and whiskey firms
i'm Baltimore, Cincinnati and other
points. At the last term of the Fed
,eral court he was, with three others.
tried and convicted of conspiracy to
,defraud the government Of revenue
jim the celebrated whiskey cases, ram
flying eleven states, sentenced to the
ipenitentiary and fined heavily by
Judge Boyd, taking an appeal and
giving bond. Referee Alexander
,overruled the demurrer of Sprinkle,
land will hear evidence on the QueS-
ltion of the fraudulent concealment
of property at Rei6sville tomorrow.