Daily press. [volume] (Newport News, Va.) 1896-current, 1907-12-04
TO HEAR ] NEST(DItIHIHH
RECEIVERSHIP GASES
Judge WatdlII sumnlRs III Part,
les Interested TO a HelrIag IN
Norfolk al Noon Today.
Jlaa monk is TAKING A HIND
Man Who Has MeehanIes' Lisnp and
who Has Sued the Company Also
Wants Receiver Namca--Trus.
tees of the Second h,ortuaussFile
an Answer to Petition.
tSpeclnl to tho Daily press.)

Especial to tho Daily prcHs.)
NORFOLK, Dec. 3--Judgo Wnddill
OF the United states district court forf
the Eastern district OF virginia today
hNcd the hearing OF motion .or a
receiver fer the Jaint stown Exposlgion
COMPANY for tomorrow ut ~ oclpck.
III the Federal court NJ Norfolk.
A decree signed by Judge Wadd.ii
Was entered 10 Norfolk this morning
summonlns ali rersons In Interest 10
appear before him Mt that time to
near the application for 10 receiver. /.
made BY the Con p. Curran Printing
Company o: St Louis, judgement
creditor FOR s2l,273.5i, 81
Thomas j. Jeirrcss OF Norfolk. 10.
day appeared before Judge Wnddiil
and asked for recciycrsAip In the
name OF John Monk, a foreigner. who
holds mechanics lien agalnst the
company OF $4,000 Mir. Jeifresa
Stated Tint the attorneys for The
jemestowa Exposition had. filed mn
answer TO the motion for a receiver
md that there would be ilttle dslsy
In Tho hearing tomorrow. a
In asking n recelvership IL lis um.S
derstood that the two pe,aoas above
named are not doing 40 merely from
personal standpoint, but In the In
terests of all creditors of the r,xpo. (
sition Company. the receiver an
pointed VIII take charge and manage
tho affairs OF the company for tho
preservation OF tho valuable assets
as . whole.
May Issue Certificates.
In the decree the court ls petition
ed to provide mems for lie rails
Ing OF funds necessary Tor the con.
duct OF the receiyership. The issu.
ancc of certificates, is suggested In IN
answer 10 tho petition fled by Expo-
s!tlbn officials In connection With me
Monk case.
This answer Ia fled By o. d. BatoA-
elder and j. j Wool, trustees under
the ssecond mortgage given for tho
pro rata, beniit Of all creators whose
claims follow those of the original
100000 frat mortgage bond issue.
Trustees Ba;chcidcr and Wool AJAX
that their answer he trsated us d
cross bin and suggest the irnportanco
! of recelvership under present con-6
ditions
The Exposition Company answer
ing the Monk suit, asks ,lism.ssal of
tho same, but petitions me court to-
so modify the optional contracts for
the sites OF state bindings. ecc.. re.
curing t.hat the same must be AIKEN
up within 90 days after the close or
the Exposition, so that those holding
| ccatracts for said sites Will net he
requlted to act until they are offered
good and certain deeds given under
the direction of the court.
Contracts Not Properly Recorded.
The Crrian suit. citing the fact
that many of the building sites upon
which State buiidingg and others
stand. given in the form of onuohat
contracts. were rot properly recorded
until after the 100000 !list mortgage
and the second mortgage for the ben.
GIFT of all creditors, as we'll MS many
Judgements md mechanic liens wera
placed OH record calls attention tos
the ali Importance of the consol.da,
ton OF the entire litigation in one
general cause so that matters OF ey-
cry kind can DO dealt with an dis-
posed of with equity to all.
/ Tho suit calls for close collection
of all delinquint Exposition stock sub
scriptions for the benefit OF the gen
cral creditors.
a