The Detroit times., 1910-11-22
CURR|E CREDITORS
TO GET s3s0,0OO
Stocks Given Firm For Safe-keeping
OF Transfer To Be Paid in Full,
Judge Mandell Rules.

An argument on the proposed ue-
cree to be made by Judge Mandel III
the case OF the creditors OF Cameron
CurrIe & Co., against Hayden. stone
& Co, brought into court, Monday,
more than so lawyers and occupied
The attention OF the judge nearly all
lay. Judge Mandell remarked, m
presenting the decree. that he reared
il would please no one, and when me
attorneys were given chance to OK
press their approval or disapproval. a
dozen men we're on their feet to ad-
dress the court.
A feature of the session was the
petition of Attorney b. b. Selling Tor
permission to intervene on behalf ot
creditors OF Cameron Currie, person
,llv, his clients holding claims which
aggregated $4,000. These creditors
are Trueman II. Newberry, Stratheain
Hendrie. and Mrs. Alice Ducharmc.
Mr.. Selling argued that up to this
zinc, the personal creditors had never
had an opportunity OF presenting their
claims. and he held that IL his petition
were denied. his clients would maze
20 more remedy than II the CLAIMS
never existed.
Mr.. Selling claimed that the stock
exchange seats OF Mr.. Currie. wh'ch
were his own personal property
should 20 toward the liquidation OF his
personal debts, and he asked that q
special receiver be appointed to look
after this matter. He claimed that
Mr.. Austin, in his capacity as re-
ceiver for the Arm. could not at the
same tine protect the interests oil the
rersuuai creditors, as their interests
were opposed.
Attorney Herbert Boynton. who mas
acted az solicitor for the receiver
through the two years OF litigation
construed some OF Mr.. Settings re-
marks as personal. charge against
Mr.. Austin, and in an impassioned az
dress in which he was moved almost
20 tears and could scarcely control MS
voice he claimed that Mr.. Austin had
acted throughout as promptly and as
honestly az Il was possible Tor any
mar to do Mr.. Selling repied the,
he never for an instant questioned MI
Auetins honesty.
Mr.. Settings petition aroused a
storm OF protest a. the delay II would
cause.
why do you come in at this elev'
enth hour and present such peu'
ton ," Judge Mandel: asked.
we Lad a right 10 presume ina,
the referee in bankruptcy vas look-
ing after the interests OF the indiv'd'
nal creditors" Mr.. Selling replied.
A number OF leading attorneys pres
ent. opposed his petition, and IL was
dismissed.
TIE decree as presented by Judge
NardelI. leaves in the possession or
HAYDEN, Stone e. Co, stocks valued az
S4.aII.1SG. Leo NJ. Butzel. represent
ing the Boston firm, sought to have IN
serted In the decree a clause releasing
them from any further liability occa-
stoned by the crash OF Cameron Cur
lie IL Co, but Judge Mandell refused
Under the decree, $4,000 will be Ill
yidod among the creditors OF the de-
fun,t firm. Those stocks placed IN
tho frm's hands for safekeeping or
for transfer. will be paid for In fusl.
Marginal dealers will get nothing. the
other classifications OF creditors, OF
which there are more than score.
viii receive only small percentages
or nothing.
n is admitted that Judge Mandeil's
decree will not settle the matter,
which will probably be carried
through the different courts to the
United States supreme court before y
a finally adjusted.