New-York tribune., 1905-05-10
RECEIVERS HERE ALSO.
Local Banks and Trust Com panies
Restrained from PQying.

Judge Lacomhe in the United States Circuit
Court yesterday afternoon signed order ap-
pointing J. D. Colt. Of Boston. and Walter d. Ed
munds. OF No. 81 Nassau-st, this city. ancillary
receivers of the Haght & Freese Company, fixing
| their bond at 10000 The court also granted an
order restraining New-York banks and trust COM
panies from paying out any money deposited in the
name of the alleged bankrupts. that of William
II Lls. George @. Turner. Harry Watson, Charles
B. Poor jr, William G. Copklin. - Beardesey.
John Doe and Richard Roe.
The appointment OF the receivers was secured
by Roger Foster OF No. Is Broad-st who filed with
the court three affidavits. which contain charges
against the company. One made by Ridgeway
Bowker. of Camden. N J., states that he deposited
$500 with the concerns Philadelphia Offices and
alleges he was induced by George w. Turner to
permit man named Daniels 10 manipulate his ac-
count, He further alleges that on January H. 1903.
his account was without warning closed out Bow
ker swears that the concern bought and sold no
stocks whatsoever and made up fictitious accounts
Of alleged stock transactions which were given to
the affidavit declares had more than FIVE thousand
customers, whose claims amounted to more than
An AFFIDAVIT made by Arthur NJ. Johnson of No.
by tho company In various capacities and in a
number in OF the 0fces Johnson also swore that no
toners and explained at great length the method
fictitious sales accounts that each customer
would be loser A similar affidavit, made by
the on Soth RoRRSer and
Johnson as 10 the methods employed by the con-
Receiver Edmunds late in the afternoon took pos
and Exchange Place Mr. Foster. who is counsel
for the receiver said later that the appointment OF
the Haight & Freese COMPANY was insoivent and on
Mr. Foster that the
brokerage business OF Haight & Freese entirely
stocks for customers and never executed these
eted. Fraud customers and abstraction OF assets
by Officers are charged. Every customer who ever
gave an order to this firm can be creditor of the
Some assets naSs been found the seaO9sr
win not meet the debts M B9wker | pnderstand,
the concern. but that does affect the issue in
The oflces of the haight & Freese Company
| were crowded all the morning. but toward noon.
when news Of the Boston court proceedings be
draw their accounts Haryey Watson, Watson the local
were being taken 70 get the Boston receivership
vacated:
was brought added MI Watson. at is evidently
matter OF spite Mrs. Weiss formerly for had aS
her somo time ago and she signed a release: No
| what she wants our counsel in Boston tells us
thar the court must have been imposed on IN get
everywhere else we are paying ali claims made ie
| upon us Some OF our customers here. when they
heard about the trouble in Boston came 20 us for
| their money. and we have paid them promptly.
t.v Of them aTe hays talked R Us the @
| We have been here fifteen years. and have al
main SFs5E Ece in Boston making
The Haight q Freese Company has been well
known for years as broker n stocks Ga and grain on
brangc nd sseorrespondents throughout th
country. IL was formerly member or the Consoli-
/ dated Exchange. but now has no local exchange
The most recent number OF The Corporation Di-
William 3. sommerviie. George G. Turner. and
John NJ. Campbell who are named rSspeCn,gs I ,t, as
given ss soo.oea