The citizen. (Honesdale, Pa.) 1908-1914, 1913-06-13
THE TRIBUNE-REPUBLICAN
TROUBLE.
w. H. Peck and j. T. Porter Appoint
ed Temporary Receivers.

eu temporary heCelVerS.
William H. Peck, president of the
Third National bank, Scranton, and
John T. Porter, president of the
Traders National bank, Scranton,
were appointed receivers of the Trib-
une Publishing company Tuesday
morning by the Hon. c. B. Wilmer,
Judge of the United States court, up
on the bill in equity filed against the
company by Edward A. Whitehouse,
of Newark, N. j., its secretary-treas-
urer. They will enter upon their du-
ties as soon as a joint bond in the
sum of $50, 900 is filed.
In making the appointment Judge
Wilmer said it was to be temporary
until next Friday morning, when a
rule will be returnable upon the
Tribune company to show cause why
the appointment should not be made
permanent.
The appointment was made orally
from the bench After George c.
Scheuer, Esq, clerk of the court,
had handed him up the papers in the
case, Judge Wilmer said: "In the
case of Edward A. Whitehouse
against the Tribune Publishing Co.,
have concluded, after giving the
matter serious consideration, to ap-
point temporary receivers, and at
the same time will grant a rule upon
the defendant company, returnable
next Friday morning at IL o'clock
to show cause why the appointments
should not be made permanent.
II am satisfied there is urgent
need of a receiver, that something
may be done to conserve the inter
ests of this property, and have de-
cided to appoint two men instead Of
three, because two can get along
much better than three. This is no
reflection at all upon Mr.. Moore, the
other gentleman suggested by the
creditors.
But Mr.. Moore does not live in
Scranton and the two men l have
named do. They are financiers of
high character, and while they may
not know great deal about the
newspaper business they will be able
to- employ men who do, and if the
men they put in charge of the actual
running of the paper do not prove
satisfactory they have the power to
remove them at any time without the
least embarrassment, and in that
way the business can be conducted by
them. Besides, two receivers are
less expensive than three. The clerk
will give notice to counsel to prepare
formal decree. If / am satisfied
that l am wrong in my conclusion I
still have the opportunity of making
an additional appointment. Let the
clerk give notice to counsel to pre-
pare a decree and the receivers be
directed to prepare and file a joint
bond in the sum of $4,000"
AS soon as the receivers file their
bond they can step in and take
charge of the paper 1t will have to
be approved by the court first, and
that will have to be done either at
Williamsport or Sunbury. Judge
Wilmer is anxious that it be at
tended to at once, so that they can
take charge not later than Thursday
morning.
1t is said the reason he did not
name Guy Moore, of the Wilkes-Bar-
re Record, was because he thought
Messrs. Peck and Porter would be
apt to defer to him, as a newspaper
man with successful experience, and
thereby subordinate their judgment
to his, but that there is nothing to
stop them from getting the benefit
of his advice and cooperation if they
think it is necessary.