Daily press. [volume] (Newport News, Va.) 1896-current, 1907-12-05
THREE RECEIVERS MAY
Be NAMED BY COURT
Judge Waddl| Grants Petition in
sul's Against Exposition
TUCKER AND MARTIN IN CHARGE HOW
Until Permanent Receivers Are Ap-
pointed, the presiden, and Director
General are Authorized to Manage
AhaIru of the Tereertsnnlal Com.
pany-mllI'0n offered for Grounds.

Application for tho appointment of
receiver for the JAMESTOWN Expo.
sition Company was granted BY Judge
Edmund WaIdill in tho United States
District Court At Norfolk, yesterday
The Judge stated that, az this matter
was ono Of great Importance and
worthy OF tho most careful! consl era.
ZION he would not name a receiver.
or receivers. for several days. The
court intlmatcd that he would APP
point three men to handle the al
fairs OF the Exposition. and II is re-
ncrted that one receiver will rcprc-
sent the interests c,f the stockhold-
ers. another viii be- named for the
londholders and the government,
AMI a third for tho general creditors.
Tending further action. Judge Mad
dill designated President Harry ST.
George Tucker and Director General
Alvah II. Martin. of tho Exposition
Company. 10 take charge of the a.
fairs OF the company and act as tenn
porary receivers.
A General Creditors suit.
Tho application for receiver was
made in tho suits OF John Monk, who
holds mechanics lien for $4,000.
and the Con Z. Curran Printing Com
pany OF st. Louis, which has claims
aggrcgating about $4,000 against
tho company These quits We're con-
solidatcd and heard IA ono. and oil
other general creditora may como into
the suit by filing prayer with tho
court.
Judge Waddill maue a special trip
from Richmond to Norfolk to hear
the case. Messrs. Jeffrles, Walcott
& Walcott OF Norfolk. appeared as
counsel for Monk; Judge T. II. VIII
coz appeared for the Curran com.
pany and Messrs. O.. D. Bachelor
OF this city. and T. j. Wool OF Ports-
mouth. general counsel for the Er-
position. wore present for thu DE-
PENDANT.
Effect Of Action.
.Tke action OF tho court puts an
end 10 the troubles Of the Exposition
officials; the officers are relieved or
their duties and tho property OF the
K company cannot he touched, except
through tho court. In the decree IN
Injunction Is granted. restraining ali
parties from bringing suits in other
courts. Suits now pending may he
prosecuted TO Judgment. and tho
Judgments may be- brought into court
for settlement. The government loan
ranks simply az an unsecured open nc
count.
The Reopenino Plan.
Mr.. Datchelor Was asked By n
Daily Press representative last nig..t
what affect mo appointment OF n
receiver would nave upon The plan
fer reopcning t4e Exposition lIo
replied that the receivership would
make tho reopenng possible: that II
made IL feasible 10 lease tho
property 10 any inLlvidual or ina..
yiduals who may desire 70 operate
tho show next summer. without moles
tation from the creditors OF the old
company.
Offer For Property.
IL Is reliably stated that IN oacr
of something liltc. a million dollars
In money has been made for tho Fix
roaI;ion property BY substantial par
tics. 1t IS not Mt all likely that this
offcr VIII he accepted. 10 IL Ii tho
general opinion that the property
should bring not less than two nil
lion.
Mr.. ". 4. cottrell, who was gov.
error Of works FOR the Exposition
ard who. working against al kinds
of handlraps, made tie Exposition
tho thing Of beauty IL Is. told a Daily
Press reporter last night THAT he was
confident THAI the grounds tgould
bring two million or two million ana
a half IL the situation Is properly
handled.
Concur T.. Petition.
Counsel for tho Exposition fled an
answer to the Monk aud Currah snit
bills concurrIng in the petition for
the appointment of receiver. prac-
tically the only argument heard by
the court Was from Attorney E. II,
B9iri, Jr, representing various me-
r. ~