The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-01-27
NO TANGIBLE RESULTS ARE YET
IN SIGHT IN The LEGAL
FIGHT.
MANY FACTIONS FIGHTING
Petitions of Receivers for Sale of the
Plant to Be Opposed BY Toledo
Committee at Hearing in Macon.
Little Headway Made.

Chairman f.. d. Aiken and Albert
Fendig, CT the creditors committee of
the Yaryan Naval Stores company, to-
gether with H. f. Dunwody, of coun-
sci fCr the conn ittee, returned yester-
day from Toledo. II will be recalled
that the local creditors committee was
invited a week or ten days ago, 10
send representatives to Toledo for
the purpose of a general conference
with interests in that city ON matters
now pending III litigation in two
branches Of the Unit d States courts
in as many states. The local commit
tee finally appointed the above named
delegation to make the trip.
representative of The News yes
terday sought Chairman Aiken for in
formation as to the result of-the Ohio
mission, but very little was said by
him on the subject He was pleased,
he said, with the cordiality with which
the local delegation were received by
the Toledoites, but as to tangible re-
suits, Mr.. Aiken was discretely silent.
The News has it, however, from an
ot1er source, that very little, if any,
headway was made by the Brunswick
viz itors.
The stockholders and the directors
OF the company in Toledo are torn
with internal strife and in addition
to that situation they are divided into
at least three factions, each pulling
against the other and all Of them putt
ing against former president and pres
ent receiver, }. S. Bradley. They in
sist on the bankruptcy proceedings iti-
stituted before Judge killets in To-
ledo, and that they will bitterly re-
sist the application for sale recently
illed In the United States court fo;.
the Southern district of Georgia, AMI
which Will be argued before Judge
Shepard in Macon on Thursday Feb i.
1t can also be stated that there IS
t%slction on the board Of receivers
insomuch as Receiver H. 7. Yaryan
creditors who favor bankruptcy, while
Messrs Stetson and Bradley are oppos-
ed to the bankruptcy proceedings and
are applying to the United States court
in Georgia for permission to sell the
plants of the company located in CUR
port Miss, and in this city. This
is the crux Of situation which does
not seem to clarity and in which
RrII QuipL 10 itaI inf
A creditors committee meeting was
held In the office Of Messrs. Albert
Fendig & Co. at II O'Clock yesterday
morning, when Chairman Aiken SUD-
mitted report Of the Toledo trip.
The situation was gone into thorough
ly, but after all, under present CIR
cumstances there is very little that
could be evolved out OF the present
status Of affairs. Another meeting Of
the committee is to be held at il
O'Clock this morning.
Chairman Aiken in further talking
Of the situation expressed himself IS
being pleased with the fact that the
naval stores market seems to be raj
lying again and he thinks this will ala
the company in finally getting IT'S af-
fairs in shape. He thinks the Toledo
trip, while not as fruitful as he woull
have wished for, will in the end bring
about some good results.
Means Fight
While the local creditors committee
is working very hard to conciliate
matters, it does not seem to be max
ing very strong headway and those in
position to know are predicting that
1t means strong legal fight in the
United States courts Of Georgia and
Ohio. Both sides to the litigation are
preparing Tor stubborn legal battle
before Judge Shepard, in Macon, on
Feb. 4, and upon that ruling viii de-
pend the future plans Of both parties.
WARMER IN ROME.