Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-05-31
OWNER.
FACES BANKRUPTCY.
E. A. Whitehouse, of Newark,
Put Money in Scranton
DaiIies.
[From a stnn corre.popaent.l

TRENTON. y. J.. MAY 31.--As a
result Of his backing three Scranton
newspapers to the extent of $4,000.
Edward A. whitehouse. president of
the E. A. Whitehouse Manufacturing
Company, of Newark, now faces
bankruptcy proceedings.
A petition seeking TO have him add
Indicated a bankrupt was filed in the
United States Court. Trenton, today
by Attorney Frederic ]. Faulka. of
Lindabury, Depue & Faulks, on be-
half of three bank creditors Of the
Scranton dailies.
The banks causing .he petition to
be filed are interested as follows:
Lackawanna Trust Company, s25, 600;
Anthracite Trust Company. 100000,
and the Peoples National Bank, 49,,
900, all of Scranton.
Charging mismanagement on the
part of Robert D. Towne, formerly
of this city, now president and man
aging editor of the Tribune Publish
ing Company, of Scranton, Edward
A. Whitehouse, a manufacturer of
this city. and secretary and treas
urer and financial hacker Of the pub
fishing company, has applied for the
appointment of a receiver to pre-
vent dissipation of the profits"
The bill in equity praying for the
appointment of a receiver for the
publishing company was filed yester-
day in the United States Court in
Scranton by Roswell H. Patterson
and e. r. Searle, counsel for Mr..
Whitehouse.
Attorney Searle found Samuel j.
Hofford, deputy clerk of the court, In
the office and filed the bill with him.
The attorney denied that the filing
was done on a holiday to effect Sc
crecy. He said the filing of the bill
on holiday was made necessary be-
cause he had Information that several
of the bank creditors intended to file
a petition in the federal court to have
Whitehouse adjucated a bankrupt.
1t is claimed that the application
for a receiver Is not a bankruptcy
petition, but is brought in the fed
eral court because the parties inter
ested live in different States.
The Tribune Publishing Company is
publisher of the Tribune Republican.
morning, and the Truth, evening,
papers. Towne, backed by White
house, several years ago took con-
troll of the three papers at different
times and effected a consolidation.
On February "a Mr.. Whitehouse
turned over his equity in the property
at "A Elm street, the site of the E.
A. Whitehouse Manufacturing Com
pany, to the National State Bank
to secure their claims" In addi-
ton to this, 1t is understood, that he
owns property on Broad street
The house in which he lives at SS9
South Fifteenth street is in his wife
name.
The Endorsements made by White
house for the benefit of the papers, il
is claimed, amount to upwards OF
$4,000
| In the bill filed by him he claims
| that the company has assets of $780,
600 with liabilities of $3.50, 900. He also
declares that he controls 2S6 shares OF
the stock, Mr. Towne 100, r. M
Scranton 100 and Mrs. Helen NJ
Scranton 240.
In the bill Mr.. Whitehouse alleges
that the annual income of the papers
is upward of $4,000, but it is being
"dissipated by the management.
Editor Towne has been making an
effort recently to interest several Of
the leaders of the Progressive party
in the papers, and Thomas Robbins,
of Philadelphia, it is said, has spent
considera BILE time there lately.