Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-09-21
ASKS A LEVY TO PAY
ARLINGTON HOTEL DEBTS
Receiver Would Assess Stockhold-
ers and Court Issues Rule
Against Them.
Common Stock, Supposed to Be
Bonus, Also May Be Required to
Contribute to Fund.

Justice Stafford of the District Su-
preme Court today issued rule on
the subscribers to the preferred and
common stock of the Arlington Hotel
Company to show cause October why
an assessment should not be levied on
the unpaid subscriptions sufficient to
lliquidate the Indebtedness of the COM
pany. which is in the hands of re-
ceiVers. The amount needed, accord
ing to Attorney Edward H. Thomas,
counsel for Aulick Palmer and Peyton
Gordon, the receivers, is between $780,,
900 and 100000.
\ report of Charles W. ClaSett. spe
cial auditor. who inspected the ac-
counts of the company, shows that the
debts of the Arlington Hotel Company
amount to s445.5GS.19. The special
auditor finds that the receivers have
on hand s2S,211.55; have suit 10 re-
cover $4,000 claimed as commission
on the sale of the site to tre company
and unpaid subscriptions to the pre-
ferred stock agsresatins S54i,111.55.
The total capitalization of the COM
pany consisted of s2.50".000 of pre-
ferred stock and $3,000,000 OF common
stock. The latter is said to have been
issued as a bonus
Although the common stock purports
to be fully paid, Attorney Thomas has
asked the court TO declare 1t also as
sesSable for the companys indebted
ness. When the expenses of the re-
ownership and litigation are added TO
the Indebtedness of the company, Mr..
Thomas thinks 100000 or $500, 900 ma Y
be necessary to settle in fun.
The Stockholders,
-residen. stockholders against
| whom the rules of court is issued in
| clude Charles L. Taft. Walbridge :.
| Taft. I. Coleman du Pont, Frank NJ.
| Andrews. Warren Webster Company,
NJ. F. Robertson. John Aven, jr.: Will
| liam L. Tlman, Frank $. Rutterworth,
| l. l.. Durham. W. II. Fem. l.. L. Sea-
| man. American Bridge Company. Rob-
ert Wetherill Company. Robert Weth-
| GRILL, Nelson W. Aldrich. + y du Point,
| J. Z. Gilmer. John G. Hopkins William
w La Wrencc. w. y. Lemly, estate of
J. Pierpont Morgan. Bank of Nevada
| Savings and Trust Company. executor
| of George :. Nixon. Richard WethcrilI,
| Il. F. Wolf, Elmer T.. Block. Thonpson-
! S:arrett COMPANY, Henry Il: Lornly. w.
+: Robertson ana Denton Stevens.
| Local hnaEclers who hold preferred
Or common stock include George How
ard, William d. Hoover. Frederick +;
Hibbs. James r J. ArchiLald TrtIxtun
Beale. Walker 3. Eeale. Marie E,eale
United States Trust Company. Alonzo
Bliss. Eldridge E. Jordon, j. Thomas
Nt4S, il. W llllan +. fobertS. Emil q.
Schafer, Charles Javins y Sons. John
Javins. Francis II. JavinS. Preston Glib
son. \. LisneT. James Dudley Morgan.
Myron NJ Parker. A. l.. StavcIev. Nor
man T. EnSei. William Enscl. G. Engers
Sons. p. A. Drury, John f Wilkins,
Robert C. Wilkins, Francis x. Hagner
u: j. Murphy. T. r. :. F,rnbrey, 4. D.
Blackstone. estate OF f. l.. Chase
Joseph Letter. Isadore Saks j. William
Henry. John f. Fil!ehrown Gist Blair,
LarZ Anderson, F. Ward Denvs. James
a buchanan. Minna Schafcr. ArlcIia
l. Heurich. Emma NJ Scllafer. Henry
White. Simon GugGenheim and Robert
Batcheller.