Pine Bluff daily graphic., 1907-09-05
John E. Rutherford and Captain J. B. York Will Dispose of the Bluff City Lumber Company's Busi- ness and Share Alike.
NO BONDS REQUIRED
Chancellor Elliott Brings About an Amicable Agreement Between the Warning Factions-Hugged Him For His Fairness.

John F. Rutherford and Captain J. B. York were this morning appointed co-receivers of the various plants of the Bluff City Lumber Company and other holdings, valued at nearly $2,- 100000 and will dispose of them for the benefit of themselves and the oth- CT stockholders. This practically set ties the legal fight, which has been on for more than a year between the Yorks, who own 54 per cent of the stock, controlling interest, and the Rutherfords, who own 46 per cent of the stock of the mammoth concern. It is the final decision of Chancellor John M. Elliott of the Jefferson chan cery court, before whom the differ ences have been aired rather fully in the past two weeks.
 z In appointing Captain York, who is president of the company, and MT. Rutherford, former general manager and now only one of the directors of the company in name, receivers, Chan cellor Elliott orders them to take charge of all of the assets of the com pany, operate the mills, dispose of the assets, pay all bills, collect all debts and distribute all the assets, share and share alike, according to the respective holdings of the few stockholders. The surplus of the con- pany, after the business is disposed of, shall be distributed in like man. ner among the stockholders.
 Both of the interested parties, Cap- tain York and Mr. Rutherford, to whom the matter was left by Chancel- Tor Elliott several days ago after hear ing the case, consented to the ruling this morning, although they had been unable to come to an agreement.
 The Bluff City Lumber Company and it's officers are enjoined from fur ther prosecuting suits, which were filed against the Citizens Light and Transit Company and the Union Fur niture Company, some weeks ago, until the further orders of the court. Neither Captain York nor MT. Ruther- ford were required to give bond. They have already entered upon their du- ties.
 Chancellor Elliott's rulings in the Rutherford-York case have been the subject of much favorable comment in this city and elsewhere. in view of the fact that the prominence and wealth of the plaintiffs and defendants in the legal proceedings, the largest ever recorded in this county, had no influence with the jurist at any time. He was firm and just in all of his rul- ings and has received many f1attering compliments from the members of the Pine Bluff bar and the public gener- ally for the excellent manner in which he has handled the case.
 It is almost certain that the man. moth business of the Bluff City Lum- Der Company will be thing of the past within a few months.
 When Captain York and Mir. Ruther- ford and their attorneys went into the chancery court room this morning, having been given until 10:30 o'clock by Chancellor Elliott to settle their differences, they announced that they had reached no agreement. They were conferring together ever since Chancellor Elliott ordered them to get together and patch up the matter last Saturday. They agreed on cer- tain things, but there were some things which both refused to agree to.
 Chancellor Elliott took the matter into his own hands then. He told them that they would be appointed co-receivers without bond; that they should dispose of the entire business and divide the moneys according to the respective holdings of the stock