Bisbee daily review., 1907-09-07
COMPROMISE CANNOT
 BE REACHED
Continued from First Page.)

 entailing endless delays, if some equitable agreement could be arrived
 at, whereby one of the present as
 signes, Mir. Wood, who MT. Morrison
 stated, was ready and willing to re-
 sign, would step out, and allow the
 creditors to petition the district court
 to appoint Q man selected hy the creditors to take his place. This
 suggestion met with the general ap-
 proval of the creditors present, and a
 motion to the effect that this should
 be the course pursued was made and
 seconded. The motion was open to
 discussion, and at this juncture the
 wrangle began, owing to the fact that
 Messrs. Duey, Morrison and Wood,
 were not willing to allow the credi-
 tors to select wbpm they pleased
 to present to the district court as the
 man to protect their interests.
 MT. Morrison was asked if he would
 consent not to fight the appointment Of a gentleman selected by the credi-
 tors, at least four different times. and on each OccasOin he consented,
 but reserved the condition that his
 hsspciate sh9uld not be connected
 with any firm which had been competitor of the firm oI Duey & Overlook.
 No names were mentioned through out the discussion. which at times be- came heated. but a majority of those preSenUEnew that he gentleman whom i the creditors had in mind was F. R. ! Harrington. a stOckhOlder in the firm l of J. \. Hoover & Co.,, who is known l throughout the district as being of Ithe highest ability as a business man and well fitted for the task of taking over the business of the firm which 1 has failed. and working it out to the ! best intersts Of all concerned. l Those who took the leading part in 1 tic discussion on the part Oi the cred 1 itOrs held that as long as they were not consulted by Ducy ill the selection { of the assignees to take charge of the i affairs of the firm, neither he nor his 1 representatives should have power to dictate whose name the creditors i should present to the court in their be- 1 halt
 This seemed reasonable to everyone present with the exception of Messrs. i Duey, Morrison and Wood. who it seems. held out 10 the end for the con- ditiou which would practically make i .hon the Gictators of who would sue | ceed Wood as assignee.
 What to the creditors seemed to be | a most unreasonable stand on the | part of those who at present repre- | sent the defunct firm. angered the creditors. and at several different june i lures motions to dispense with all ne | gOtiatiOns, and fight the matter out
 in the courts were Imminent, but on | each occasions Duey. Morrison and
 Wood were offered a chance to Tecede 1 from the position which they had | taken. On each and every one of these | occasions Morrison, in replying to the 1 offer. made statements which only
 ciouded the issue. and this was the
 rock on which the meeting came to grief.
 After having conceded everything
 which they thought was in anyway | reasonable the creditors finally be
 came tired of the Fabian tactics of the 1 firms representatives, ap1 declared
 all negotiations off. at which time ! Messrs. Duey Morrison and Wood left the room. and the meeting proceeded
 4 motion was made, seconded and CdLlttt lO CdIA OI lIlS IlsSlI SlAOlIE | the fines agreed upon at the previous meeting of the creditors, as it was .l found impossible to arrive at any req
 sonable compromise with the repre-
 sentatiyes of the defHnct firm.
 On motion made seconded and car , ried it was then agreed to form a per
 manent organization, composed of the
 firms creditors.
 q CtripklpT uhn selected at the previous meeting to Tepresen the creditors, was endorsed, and or |; motion it was determined to retain the firm of Herrin, Sorin & EllinwooC
 to act as associate counsel with tht , firm of Sutter & Strickler.
 The next question was to determine
 on some one whom the district cOur would be asked to appoint as receive in the event that the present asignee' . are busted from their positions, wheI 5 the hearing on the restraining orde , is had al Tombstone on -SeDtembe
 Ill. In view of the fact that it Wal l well known around whose selection 2 the fight had been waged during tn l. controversy early in the evening s F. R. Harrington was selected with l out dissenting voice.
 il Because of the stand taken by Duey l Morrison and Wood last evening, con l. siderable bitterness has been injecteD 2 into the fight, and there remains n s doubt that the creditors will fight t Di the last ditch for the appointment 0 J- someone to take charge of their iI
 terests.
 $ The rumor has been current on tn l. streets that the firm of Logan & Brya f of Boston were given an opportunit {. to escape without any loss when tn e firm knew it was insolvent, and thi Y fact has also added considerably d the bitterness felt by the local al
 thorities.