The Washington times., 1914-05-21
AMBROSE DID NOT
SUE ON WRIGHT NOTE
Gives Details of Receivership
and Connections With De-
funct Concerns.

Further details of his connection will
tie First Cooperative Building Asso
alton of Georgetown and tie defunc
saled Package Ice Company are eX
pected when Attorney William E. Am,
r rose resumes the stand this afternoon
before the House subcommittee investI'
ting the Wright Impeachment charges
Mr.. Ambrose was appointed receiver OF
tie Georgetown concern by Justice
Wright, and he represented James L.
Csrrick when the latter bought in the
assets of the ice concern.
Among the so-called assets OF the ice
rumpany, according to testimony ad-
cnoed yesterday, was stock sUbscrip-
ton note for 81 900 signed by Justice
1aniel 7. Wright. Mr.. Ambrose said
that this note was uncollected, and had
ever been sued upon, but he explained
that there were numerous other notes
outstanding against various stock Sub
Fcribers, and that efforts have not been
made to collect them.
Was Losing Venture.
The attorney said that the ice COM
pany was a losing venture, no dividends
sTere ever paid, and Mr.. Carrick took
the view that he had enough litigation
Blready" without suing on these stock
In touching on the assets and Iiabili-
les Of the Georgetown building associR-
tion, Mr.. Ambrose said he had collected
81. 900 and had paid out 1900, leaving
5000. He said the liabilities amounted
10 s225 200.
Fnips involved in the charges. Chair.
man Mccoy Quizzed the witness on the
matter of his connection as receiver OF
l ne First Cooperative Building Asso-
cation Of Georgetown.
When did you first hear OF your ap-
pointment as receiver
On the day the court appointed me -
You went over to Justice Wright's
Yes. verified IT. I asked Mr.. Smith.
see Justice Wright"
Why wright?''
I went to thank him for the -p-
poIntment."
I expressed my qualification for the
appointment, and asked him IL he had
snything to suggest. 1 wanted to know
II ] was empowered to employ counsel,
been appointed a receiver before"
Previous Receivers.
Did Justice Wright tell you that
previously there had been receivers ap-
pointed?'
I believe he did"
Did you ever talk with the previous
receivers?''
Yes, Mr.. Lambert came to me, and
" as very friendly about It. He warted
Eonnething with reference to refunds on
some matters, costs. 1 believes"
Did you ever talk with NJ. LESTER"
NO. sir"
Did you talk with Mr.. Reeside about
Yes, later on"
GouId's order appointing these three re-
Ceivers did not stand?"
Yes. i understood there was some
thing improper about 1t. Something
about It being done in varation or
something like that
What did you understand about JUS
sh!psT"
Il understood that the order of Jus
ice Could was not improperly made.
about it,
what time of day did YOU near
about your appointment
I think 1t was in the morning"
How early did you see Justice
During the recess time"
When did you first see the order
appointing you?"
Drew the Order.
Il believe drew that order myself
after heard the court had passed an
ORDER
!t?'
Il believe it was"
Can't you say more positively than.
YOU believe it was?"
Il think of two things l wrote the
order and gave the bond in the same
date"
is that bond in effect now"
Yes, sir
Have you paid any dividend"
No, sir. rot yet"
Have you collected any assets"
Yes, Sir"
''Bow much remain"
About S34. 0c0'''
ed7a ' '' '0'ie''
About s41.oOG."
What were the liabilities"
The stock liabilities were $2OOOoO and
the Indebtedness outside Of the stock
stands about S35, 010"
What was the nature OF the indebt-
9dness outside of stock?''
There Is a note for $4,000. believe,
from the Farmers and Mechanics Ma
uonal Bank and Building Association,
and another note OF $1,000 that some
of the directors took up"
You say you collected 81 101o?"
Yes. and the expenses have been
about 5000, leaving a balance OF s34, 90"
What were the expenses. counsel
fees?'
Counsel fees. auditors fees, adver-
tiEing. etc"
You recently signed a statement in
which you made one statement that
differs from what You have testified
this afternoon. What about that?"
When made that statement 10 Mr..
Hudson il was done hurriedIy, and II
must have been erroneous What I