Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-11
CLAIMS INCREASE
Against Boston Stock
brokers Haight & Freese.
Petitions by Anxious Creditors
Wanting Hand in Action
For Receiver Most Of the BEdrch offices
Were Closed, "Wednesday.

Boston. Nay 10.--No app!ication Tor
the cameo ilaricn Of the rocei"ership Oh
Iapht & Freese Co. the brokerage con
"crn, Was made at tn. opening, To-Day
Of the United States circuit court. Sach
procedure was looked for, To-Day, OH
lo"ouiit II the announ, 'rElent. EtSt'r-
lay. by Vim. Lillis. one nf the primo ilEii
officials Of the company. that TIL" coaft
would be asked to :lulilfy its act 81
|uanlirg receiver. tn two offlrla'S L"
the company in this city we're conduct
ed under the supervision of Receiver
James d. Colt. today. and all business
vas transacted either directly with him
or his agents.
Information received at the local Of
fee Of the company was that the L. or
move branch Offices throughout New
England did rot open tbr business, "
day. and Wo,:d not 10 50 until u'''
bending litigation was settled.
I'm connection with the receiversh'p.
tWo intervening petitions were llieo III
the circuit court during the day by ere I
|itors asking that They BE- made parry
plaIrtiffS in the case. The petitioners
were John p. Moore of l.ynniieid' VINO
presents a claim for $1O32 ana hush -
plothcn Of Boston, who alleges that ne
romuany owes him 5000.
Judge Lowell will Civ n hearing iator
uunn these matters. I. 3. Clark. counsel
for the Eaiont < FrccSo Co. refused
,h;s forenoon. to make any statement
Is to what policy would he pursued by
The. concern. At the main Boston office
of the company about 80 employees have
positions result OF Inp
recei,crship. 1t is likely, however. that
some Of these will be needed later to as
sist :he receiver in arranging the firms
affairs. Later a third intervening Pc
ti;iou was filed in the case. The appii-
.ant was Albert f. I3onney of Canaan.
Y. H.. who, basing his petition upon an
ALLEGED claim for $500 against the firm.
asks Cor the rights of & party plaintiff.
Later in the day Lawyer Clark. in
statement characterized the granting "
the rocevership application of Mrs. An
ma H. r. Weiss, administrators of tn"
estate Of her husband rs IAN unusual
proceeding" He said:
Mr.. Weiss did business with Haight
& Freeso from 1902. up to the time of
his death and never during all Of that
reriOd did he make the least complaint
as to his treatment. When he dicd ms
widow was appointed Administrative
..nd she called at the office of Haight &,
Freese to see how her husbands ac-
count stood. She was shown the books
and did not appear at all dissatisfied
md asked that the money which was
due her be paid. This was done ana
she signed Il release which was Wit
messed by Il man named Schmidt.
Now, if the courts can appoint re-
ceiver in the face of such action i do
not understand that a release or a re-
ceipt amounts to anything. We will
apply for the cancellation Of the order
appointing a receiver. as soon as we
can today. and we will base our apl-
cation on the fact that we have this
release signed by Ms. Weiss"
Later a third intervening petition
was fled in the case. The applicant
was Albert f. Bonney of Canaan, \.
H.. who. pasing his petition upon an
alleged claim for $500 against the firm.
asks for the rights of a party plain
tiff.