Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-10-28
C. O. P. Candidate Did
Not Display Business
Capacity in Handling
Trunk Sewer Work.
$50 LABORERS STILL
WAITING FOR WAGES
Contractors Unable to Obtain
Payments-Receiver Plunged
Firms Into More Debt-In-
competency Of Methods Is
Charged CheckbOok as Prin-
cipal Record of Bookkeeping.

clpal Record OF bookkeeping.
Considerable doubt regarding the
business ability of Thomas L. Ray
mond. the Republican candidate for
mayor, exists in the minds of large
number of persons hereabouts. This
condition. which amounts to posi-
tive belief in numerous cases, has
been brought about by the failure of
Mr.. Raymond to successfully handle
the affairs of two firms of which he
Is the receiver. The firms failed to
carry out construction contracts on
local sections of the big Passaic val
ley trunk sewer.
Mr.. Raymond's lack of success in
handling the receiverships has cast
.,anubt on his ability to handle such
Kil important financial and business
: d ganization as is condu ] by the
city OF Newark The receiverships
have proved absolute failures as far
as Mr. Raymond goes. No one better
appreciates this fact than the work
men who are still waiting for their
wages after a lapse of months.
The failure in the receivership mat
Ter stands out when 1t can be stated
that Mr.. Raymond, who Is a lawyer,
abandoned the work assigned to him
bv the courts early in the present
YEAR. He plunged into debt TO the
oxtent of ss5. .00o There are no assets
left. There is a chain Of creditors, the
list including contractors and labor
ers. who are despairing of ever OBJ
taining payment IN fdii.
Hope for 1'srt Paynle,si-
Suits against Mr.. Raymond Tor a
settlement of the claims in the re-
ceivership matter are pending in the
Court of Chancery. They have been
postponed twice, and now while the
litigation is dragging along about 100
Iaborers and whose claims are for
work they actually did with their
own hands, are daily endeavoring to
see Mr.. Raymond with a view to get
ting at least d Bdil PeAJ AaiNafS-
Mr.. Raymond explains his failure
as having been due to his inability
10 borrow $4,000 This amount he
was authorized by the courts to bor-
row. He could borrow only half that
amount. it is stated. Some OF the
creditors charge the failure OF the
receivership to neglect, carelessness
and incompetency. 1t is claimed that
when Mr.. Raymond found he could
not borrow the necessary amount or
money his duty was to quit the work
at once, instead of going along as he
did and plunging others into debt.
when the firm of McCauley -Manton
Company, contractors, found they
counld not carry through their con-
tract with the Passaic Valley Sewer
age Commission, to build part of the
! big drain, Mr.. Raymond was appoint
ed receiver by the Court of Chancery.
Later when the Healey Contracting
s Company, which also had portion
Il of the trunk sewer to build. went
E wrong. Mr. Raymond was appointed
receiver for that company as well.
Under the receiverships not much
progress was made in completing the
contracts of the two firms. Mr.. Ray
xnond finally went into the Court of
fyhancery and announced he could no
longer continue the work. Then it
Avas found that he had rgone in a
hole" to the extent Of over $s5,0oo.
Since then contractors and laborers,
Come of whom are really in financial
fifjcuIties, have been unable to col
lect any of the legitimate claims due
them.
No Excuse, He Says.
81 One man, speaking of the manner
'Afn which Mr. Raymond conducted
{Hhe receivership. said today:
# ''Perhaps there is an excuse for a
man in business who makes mis-
rake. thereby costing some persons
considerable money, But ip this in
stance there can positively be no ex-
cuse.
"Mr Raymond is incompetent TO
conduct any business. That was
never better illustrated than when
She attempted to continue the work
Egof the two companies that failed to
carry out their contracts with the
Passaic Valley Sewerage Commission
He apparently has absolutely no
g idea of how a business organization
& should be conducted. He exhibited
II extreme carelessness and a lack of
of the fundamental prin-
H ciples of business. MIR. Raymond
kept no records, save a check book.
&sNhen a creditor made known his
# claim, Mr.. Raymond wrote him out
q q. check. Mr.. Raymond would sign
6 orders for materials without keeping
b any record of the order. He kept
g no books and never knew where he
was at.
- '.Think of itl'' the speaker con-
X tinued. HE never knew whether
khs was making or losing money