The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-07-30
PEOPLE IN STATE
STUNG BY CURRIE
SEEK REDRESS


stock in January. 1908. but UP to the
time of the smash Ii had never reach
ed him. and he fears that II has gone
the way of several thousand dollars
worth OF stock owned by other people.
Statement to Creditors Soon.
A statement will be made to the
creditors Of Cameron Currie 4 Co.
Saturday or Monday by the committee
appointed to look after their affairs.
This committee met Wednesday after
noon to discuss the reply Of the re-
ceiver to their Inquiries In regard TO
the state OF the firms accounts. Re-
ceiver Fred G. Austin had not been
able to give all the data required ow-
ing to the necessity of making q state
ment to the court and the committee
meeting. therefore. was not final.
Another committee meeting will be
held Thursday or Friday afternoon.
after which statement will be given
out. The committee has not learned
SO far Of any conditions in regard to
preferences which would necessitate
bankruptcy proceedings.
Neither Receiver Austin nor the
creditors committee will interfere In
the advertised sale OF securities held
by the National Bank OF Commerce,
Old Detroit National and Security
Trust Co. Individual creditors who
may discover that their stocks are In
the list OF securities pledged have the
right to intervene. however. and ask
the court to except their property
from the sale.
Friday morning Attorney Boynton,
for the receiver. will appear In court
to consent to the claims of some cred
itors whose stocks are In the hands of
the receiver and who want them back.
There are four OF these proved claims
where there was no lien against the
securities.
Case 10 Optimistic.
Louis II. Case. Cameron Currie's
partner. Is confident that the wreck
will not be so bad as II has seemed.
II think the receiver will realize a
great deal that we could not" says
Mr.. Case Parsons who bought from
us on margin are liable to the full
amount OF the purchase and this can
be recovered from them by law, IL
they have anything.
Il have wanted to come out and
deny some OF the statements that have
been made regarding the transactions
Of the hrm." said Mr.. Case. "but IL has
seemed better to say nothing just at
this time while the receiver Is getting
things In order. Later, perhaps, may
say something.
II am giving all my time that IL OF
use to help the receiver I'm going over
the books"
stock Posted For Sale.
There will be scramble by per-
sons who claim stocks bought but
never delivered by Cameron Currie &
Co. to definitely locate their securities.
Sales have been advertised for Aug.
10 by the Old Detroit National bank.
the Security Trust Co. and the Nation
al Bank OF Commerce OF the securi-
ties pledged with them.
The last named holds o note for
$4,000 given May 20. 1908, on which
there is balance Of $500 due. The
Old Detroit National claims a balance
OF $500 on note for $4,000 given
last year The Security Trust Co.
claims $4,000 balance on $4,000
note.
New petitions In the circuit court In
the case of Receiver Austin against
the firm OF Hayden, stone & Co. are
by Hugh Turner. who claims that he
paid $2.275 for 20 shares OF Union Pa
cific and did not get them; d. w. Ma
son claiming $3.50 worth Of mining
stocks; Chas. A. Lundgren claiming
10 shares OF Wabash and 10 OF Inter
borough
Louis II. Case. one OF the members
OF the firm OF Cameron Currte & Co.
Is assisting Receiver Austin In
STRENGTHENING out the books