The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1915-06-27
YARYAN CASE
IS POSTPONED
!. UNTIL FRIDAY
JUDGE SPEER SHOWS HIS IN
TEREST IN CASE IN ORDER
HE lSSUES-FlRST COURT
HELD ON ST. SIMON.

The first session OF the ITnited
states court which is to be held from
time to time during the next ten davs
while Judge Emory Speer is soiourn-
Ing at the New ST. Simons hotel was
held today.
The pavilion used for dance DUR
poses was for the time being convert.
ed into temple of justice and a vast
concourse of visitors attended and
were interested in the proceedings.
The only matter heard was a motion
Tor the continuing hearing the motion
for final decree in the matter of the
1aryan Naval Stores company. This
motion was filed by Attorney A. H..
Heyward of Macon. of counsel for tS-c
receivers. 1t resulted that R. D. Mea-
der, special master appointed by Judge
Speer to hear and determine all claims
including fees and allowances for re-
ceivers, commissioners and others is
now in Gulfport winding up such out
standing matters; that he will return
to Brunswick where hearings will be
heard Monday and Tuesday For
these reasons the court was asked to
postpone the final motion for decree
until Friday, July 2. o.
In addition to Colonel Hayward, who
argued the motion, Receiver James
5. Bradley, Jr., made an extensive and
thoroughly-interesting statement to
the court in which the future plans
of reorganization was fully outlined
and all the details Of present condi-
tions and those indicated in the fu-
ture were covered Mr.. Bradley not
only showed his activity in the man
agement of the, property as receiver,
but made it very clear that he has
made study of the situation and is
standing on safe ground
At the conclusion of, Receiver Brai-
ley's talk Judge Speer granted the or
der in the following language, showing
the deep interest he reels and has al
ways manifested in this great Bruins
wick enterprise.
Il think you had better amend your
order and direct that the counsel fees
and fees of the officers of court should
be disposed of by separate decree.
We don't want this reorganization de-
layed by any possible difference be-
tween counsel and the master as to
the value of their services. This great
enterprise is intended to utilize all of
the refuse pine lumber in the South
ern states, and through the marvellous
skill of Mr.. Yaryan, a chemist, the
machinery was devised to take old
pine stumps throughout the fields, the
refuse timber in the woods, and every.
thlng else which would otherwise be
useless but which contains turpen-
tine, and by gigantic method of dis.
tillation, to turn this into resin and
turpentine. Well, if it succeeds, as it
did succeed for quite a while, this
project will be almost as valuable to
the pine belt of the Southern states
as the cotton crop.
In addition to that they extract the
stumps from the fields to grind them
up and distill them, and that makes
the fields better fitted for cultivation
with the plow and other instruments
or agriculture. The court is very So
licitous about it and exceedingly anx-
ious to further the reorganization as
Tar as possible. OF course the court
cannot direct or force the reorganiza-
ton, but can only encourage it. | will
give you until next Friday for your
final decree at this place"
Brunswick people will be deeply
gratified that this litigation which
means so much to them is nearing its
final stages.
The report of Special Master Meader
will be filed Friday; it is not believed
that objections to it will be filed. To-
ledo interests have all agreed to come
in and certainly no objections ought
to develop in Brunswick. II all plans
carry, Judge Speer will probably en-
ter his final order next Friday, the
property will then be advertised as
promptly as possible and it is believed
by those who ought to know that the
reorganization will be perfected by
September /, and that the plant will
be in actual operation again between
September Is and October l.
Theodore H. Hemmelmann, Jr., the
well-known st. Louis banker who is
deeply interested in the reorganization
and who has been material factor in
bringing it about was an interested
spectator at the proceedings yesterday
and like Mr.. Bradley he expresses the
belief that operations at the plant will
be resumed again by October 1, and
that conditions ought to stimulate the
naval stores market considerably in
the interim.