The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1916-01-08
LONG LITIGATION OF YARYAN
COMPANY WAS FINALLY
CLOSED UP IN THIS CITY
YESTERDAY AT NOON.
NEW OWNERS. IN CHARGE
Case Has Probably Been One of
the Longest and Hardest
Fought Ever Handled in the
Federal Court in This State.

The fina! chapter in the long-drawn-
out Haryan situation was written yes
terday, when the property was for
mally and legally transferred to the
Yaryan Rosin and Turpentine com
pany. When the final transfer came,
although very near a million dollars
was involved, the thing was done so
easily that one might have imagined
that well-oiled machinery had been at
work
TO start with Receiver f.. w. Stet-
son, of the old Yaryan company. ar
rived in the city yesterday morning
! from Macon and the first business
, transacted, which occurred at 9
O'Clock, was a formal tentative trans
fer OF the property on the part Of the
commissioners conducting the sale to
The purchasers, In the interim it was
necessary to prepare many legal docu-
ments and local attorneys represent
! ing various interests, together with At
torney E. j. Marshall, the Toledo rep
resentative Of the Bradley interests,
were busy
AT II O'Clock at the Brunswick Bank
! and Trust company, all of the formal
| transfers were made, Something like
$7S0,000 in claims were paid in and
something like $l2S,0O0 in cash was in
cluded in, the amount that the com
missioners actually handed over as
representing the aggregate of the
| transaction In short every detail of
the reorganization as mapped was
carried out in less than one hour and
, in about that space Of time the old
/ lreceivership was practically dis
solved the Empire TnyestmC It com
| pany had transferred its holdings to
the Yaryan Rosin and Turpentne
company and Brunswick's biggest en-
| terprise had been spared.
1t ought to be stated that cOnsd-
cradle time was saved in all of these
negotiations because Of the fact that
/ Clerk of the United States Court j.
G. MoTcock was present and personal
| ly received the various reports for
| filing If these reports had been sent
! to Savannah il would have required at
least a week to have perfected the
| transfers. This concludes and practi.
yam company, and it appears that it
I occurred on lucky day for the reason
that yesterday there was shipped from
! the Brunswick plant 500 barrels of
rosin and two tank cars Of spirits, the
| first large shipment since the plant
resumed operation on December 27.
Party Returns.
President Hemmelmann, who is en-
thusiastic over the situation, and who
asks The News to return his sincere
J thanks to the people Of Brunswick for
| their sincere cooperation; President
Knisely, of the Northern National
bank; Vice President Truesdale, of the
same organization, and ]. r. Brink
man cashier of the Lafayette Nation
al bank, Toledo, returned to their
homes last night. Before leaving Mr..
| Knisely, who is one Of the largest
bankers of the middle west, expressed
| his perfect faith in the new organza-
! ton. and he said he believed that it
would succeed under new manage
ment and with conservative and care
full administration in the matters Of
detail
! This practically concludes perhaps
one of the most interesting cases yet
heard in the federal courts of Georgia.
| Brunswick is pleased over the stua-
ton. and the new company starts bus
mess with the enthusiastic support Of
| the people Of this city generally.