Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1910-11-08

To protest against the allowance
of any exhorbitant or excessive fees
to the receiver of the former Middle
Eek County, Bank of this city, the
Board of Aldermen last night adopt
ed resolution instructing the city
attorney to appear before Vice
Chancellor Howell at Newark on
November Is, at which time the
report of Receiver Halsey M. Bar
rett will be heard. The aldermen
feel that the receiver and his coun-
sci had very little part in the set
tlement of the banks affairs, mas
much as the city disposed of its in
terest in the "Wet Dock" property
with but little, IL any, assistance
from them and by the action made
1t possible for the receiver Of the
Perth Amboy Shipbuilding & Engi-
neering Company to pay to Mr.. Bar
rett about 1000.
Prior to July 8, 1902, Edward s..
Campbell and his counsel were al
lowed $4,000 and $4,000, respec-
lively, for services, the former, now
dead, having been receiver of the
defunct bank at that time. Since
affairs of the bank have laid DOR
mant and therefore are not willing
that Mr.. Barrett or his counsel
should be given large fees for SER
vices which have not been rendered.
1t is to protest against such ac-
tion that Mr.. Hommann will attend
the hearing. Alderman-at-Large
Voorhees, says that in his opinion
two Or three thousand dollars ought
to be ample compensation for the re-
ceyer. According to the receivers re-
pc another twenty per cent. will
be ,aid the creditors of the former
bank shortly out Of the money now
On hand, making total of about
sixty per cent. of their claims, other
dividends having been made in the
past few years. Mr. Voorhees, says
that according to the report there
will be about $4,000 balance, for
which, it is believed, the receiver
intends to claim for fees for himself
and counsel
Resolution Relative to Bank.
The resolution in full follows:
Whereas, The receiver of the
Middlesex County Bank has filed in
the Court of Chancery a report and
statement covering the period of
July g, 1902. to october 27, 1910,
said report showing that the former
receiver, Edward S. Campbell, now
deceased, together with his counsel,
were allowed the sum of $40, 900
and $4,000, respectively, for services
prior to July 8, 1902, and also ask
ing for further allowance for Estate
of E. S. Campbell and his counsel,
Messrs. Lindabury, Depue C Faulks;
and
Whereas, The affairs of said
bank have laid dormant since July
8, 1902, until without any effort
upon the part of the above named
parties, the action of this city in
disposing of whatever interest it
may have had in the "Wet Dock
property, made 1t possible for the
receiver of the Perth Amboy Ship
building & Engineering Company to
dispose of said property and pay to
the receiver of said bank Its claim
in full, amounting TO about $87, 900;
therefore, be 1t
Resolved, That the city attorney
be and he is hereby instructed to ap-
pear before the chancellor at the
hearing ON Tuesday, November is,
and recite the factsJ as above and
protest against the allowance of any
exhorbitant fees in the final wind
ing up OF the affairs of the said Mid
dlesex County Bank.
CIV. D. VOORHEES,"
Bids For Sewer.
Bids were received for the con-
struction of a sewer in Johnstone
street but after short recess it was
decided to lay them over until next
Monday night, at which time the
Skating and Basketball tonight at
Auditorium. q