New-York tribune., 1906-12-25
SAY HOTEL is BANKRUPT
Petitions Filed against old EUerett
HOaSe-SOId the Same Ddy.

Two involuntary petitions in bankruptcy were
fled yesterday against the Everett House Com
pany. which since Nav has been running the his
toric Everett House. az No. 81 East nth street
the north side of Union Square Judge Holt in the
United States Circuit Court appointed as receiver
Lindsay Russell, Of the law firm Of Mclaughlin
RUSSELL Coe & Sprague of No 70 Liberty street
He gave bond OF $5oo0. It is said that the liahii
ties are more than s30o00 while the assets said
n be less than $4,000 The petitioners are men 70
whom money is owed for supplies furnished.
William IT. Parke. manager Of the Everett House
said last night that the hotel had been doing
good business. but the trouble had been caused
by eEtravagances. He said he understood that
money spent in some outside ventures had been
charged u? 70 the company For several months
he said. number Of mining engineers had been
frequenting the house and much mining machinery
had been shipped down to gold mine in Santo
Domingo.
J. n. Siebert Mr Parke said had been the
active man in the Everatt House Company He
had been stsyinE At the hotel but yesterday
morning soon after transferring the property
P. J. FTanuery won't downtown and had not re-
tutnfd up 70 late hour last night. Mr. Parke
said he mad received a telephone message from
Mr.. Stebert saying he thought he would go 10
BuHalo last night to attend 10 real estate deal.
NJ. Parke said he understood the property had
been sold 10 Mr.. Fla merry through a foreclosure
on a mortgage for $4,000. which he took on De
cember :. The petitions in bankruptcy stated that
a mortgage on the as-ets Of the hotel exc
cuted 10 Lazarus .iOSep1 December : The
creditors allege that this is null and void
A man. who said he represented P. !. Fiannery.
who runs the hotel at Sixth avenue and SSt1 street
said last night that Mr.. Flannery was sick in bed
and had rot bought the Everett House any
other hotel
When Mr.. Russell the receiver. went TO take pos
session Of the Everett House yesterday afternoon.
he discovered that it had been sold P J. Flan-
merry and turned him $50 o'clock in the
morning As the petitions in bankruptcy had not
ed rtp-I aF FtaTr that fir,1p -a old 10
had no right to take possession. He contended.
however that this sale not legal For
than an hour counsel for Mr.. Russell for MI FIan-
merry and for Mr. Sebert were in conference and an
amicable arrangement made pending further
action Of the court II was agreed that the recejv
er should have a man IN the hotel to see that the
receipts We're not diverted and that none of the
have representative at the hotel IL
was agreed that money should be paid except
for the daily operating expenses and that whatever
money received over ana above the expenses
SIouId be deposited 10 the Joint account Of MI
RusseII, as receiver, and Air Flannery as owner,
II was distinctly stipulated however. that rights
OF possession We're surrendered 10 Mr. Russell
W lulaIL II. Parke -OrmeTIy manager of the
Chelsea, in West I'D street. vino came TO the
Charge. in May. will remain as manager.
- ne mouse mas Peen profitable ne said last
away ahead Of our expenses. The company made
improvements amounting TO $1,000. S9e9 OF which
has been paid off Il IS nor true that the troubles
OF @ the house are due 10 loss of patronage to the
There was no excitement here today Every
ulluS is running along smoothly. and with careful
handling the house will be put its feet again.
When the transfer was made 70 Mr.. Flannery
to-day provision was made for the payment of the
salaries or the employees of the house. There
ABOUT S4OO due from outstanding bills, which Is
10 be devoted 10 that purpose.
Established more than half century ago. the
Everett House for many years one OF the
most popular and prosperous hostleres in the city
It favOrIte place for persons from New
England, ana in years gone by many famous men
made IL their headquarters Following the civil
War Il OF the popular uptown
The first home Of the Union League stood in the
same block.
town, Shs Everett House still maintained pOpu-
Bates, who conducted IL successfully until last
May, when he sold his interest 10 the Everett
House Company and took up the management Of
the Hotel Belmont.
The Everett House Company incorporated
with a capital OF 10000, the following being named
directors: +. E Waters, !. Dugan. f. B. Mac
Carthy and Walter E Preble The latter was
named es president and Nj. MacCarthy became
treasurer.
J. H Siebert it IS said however has been the
he made officer OF the company recently.
The first OF the petitions in involuntary
bankruptcy filed against the Everett House Com
pany was that Of Edward Davis q butcher. whose
claim IS SL053. The second petition named three
petitioners, as follows: Acker. Msrral & Coudit,
with claim OF S2.32J the Hunter * Tremain Com
pany, S66J. and Daniel A. Skinnel $40. Both petit
tons declared that preferential payments had been
made by the alleged nankrupts. The petitions give
the assets, including the lease, furnishings, sup
plies. etc. at about 81 800
Sieherr president OF the Household Ledger
Publishin~ Company, against which petition
bankruptcy filed on Nav Is 1874 He for
merly in the real estate business.