The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-12-19
MYSTERY SURROUNDS
TELEPHONE MEMS VISIT
CONTINENTAL TELEPHONE
RECEIVER IN THE CITY
In Company With His Attorney
Bumps Into Broker Hall.
Of pttSburg.
Important Matters Discussed Nv
the Local Telephone
Stockholders

Two mysterious visits % persons
largely interested IN independent tei.
ephore properties IN this rtd ofh-r
cities were mad. 90 Wheeling fcsfcr.
tay. iudependcnt of each otlcr ans
apparently for widely dlTerenf rra.
sons though memhe-s o. both parties
Were reiicent az Co the oblect ~ their
coming
Probably fhe most importance rlay
be attached 20 the visit o. Attorus, =
Prank p Mcpermott and Merritt
Lane. o. Jersey Cify. - p fHr r.
cciVers of the Continental Telephone
ard Telegraph company. The object
OF their visit to the c!,y Was rot d-
vulged. but from reliable source 10
is learned that their coming had fu
DO largely With tho hearing Cu neat
Friday before judge iindiey 81 Car
riyon. % the chancery court ~ Nv
jersey. on the question o. " neither or
not the Continental Telephone rrm-
pany. or U8 receivers. shall sell the
81. 100000 worth o. common stock %
the National Telephone corporation
held by them.
The hearing on Friday 10 only 70
continuation a. q hearing which aas
opened before Judge MeDermou on
December : on an order 90 show
cause and supplementary petition
a. 90 the deposition % large mum
ber ~ matters in connection With the
recelverShI and certain mortgages
ou Continental and National eecuri.
ties owned ty the Continental com
pany ~ The previous hearing the
priority of claims VAS also estab
Ushcd on Friday the percentage 90
be paid 90 prior creditors Vlll likely
De determined The real question
however. O. on the sale 81 the ga
tioual common stock held by the Con
tinental. which. which % declared r.
legal issues makes the Continental
company the owners ~ tho National
Telephone corporation 90 West VII.
g.nia
That the visit Of Nicssrs McDer-
mott and Lane has a large bearing
on the negotiations with the English
syndicate. which has been attempfing
20 purchase the properties ~ the Ma
tiona Telephone corporation and its
allied companies. f. not disputed. 10 D.
understood though Mr.. Lane refused
% answer n point blank question To-
the effect that ~ receivers VIII con
test any negotiations for the Fale %
the National corporation. unlcs the
holdings Of the Continental company
charged hy some 90 b. Illegally ifsued
securities. are fully protected What
steps. however. are 10 be taken cannot
be- determined until the outcome of the
hearing on Friday is learned
Mr. Hail In the City.
The second mysterious visitor in
the city vas Mr % C. Hail. q Pi.ts-
burgh broker. rcputcd 10 be several
times n millionaire. Who e. very large.
ly Interested iu both tho Safionat and
the Continental companies and his 90.
torney. Mr lee Mr Halls coming
10 the citv was a. much q surpiso 20
Messrs McDerm0tf and Lane. a. was
the visit % Messrs McDerm1ft and
Lane 20 the majority of the stock.
holders of tho Continental in Wheel
Lure Hotel lobby az ok o'clock
purely By accident. o. is faid.
O'Clock. purely by accident. it 70 said.
and on Invitation 20 dinner with Sir
Hall was refused by the other gentle.
men They met again. however. ON
fne baltimore q Ohio rain for Pi;ts
burgh. which left the cifv A. GU
O'Clock in the evening and Travelled to
that clty together. according 90 ar
rfrEemenfa
u if known. however. that while a
heavy holder iG tho securities % fho
Continental co Mr Hall is alec
heavily Interested Dol the Sauona.
company. ana o. such is urging the
sale of the underlying company 20 the
English Fyndicafe. BE- vas very active
in the meeting ~ The National stock
holders held ~ The Board of Trade ir
this city several weeks go when fha
English plan Cf purchase aas erpain
cd 20 them. fe also Uent on record
ns fav0ring the deal
This being fhe care. 10 lf t0 be rur
missed that bic visif .n fhis city va.
af cross purpose with char cf Nessra
Mcuormoff and Lane and that matters
under discussion he'd arrrly fo da
9th fha proposed .afr