The New York herald., 1921-12-02
FRIENDS CT WILLYS,
RECEIVERS, DROPPED J
Creditors Of Concern, 1t Was
Said, Objected to Toledo Men
Acting in New Jersey.

Judge Bodine Of the United States
District Court handed down a decision
In Newark. yesterday dropping Clement
Q. Minger and Frank =. kennison. octh
of Toledo, as receivers Of the Wiiiy5
Corporation, one of the concerns anil
lated with the Willys-Oyeriand COMPANY.
manufacturers of automobiles. Judge
Bodine. however, retained Clifford J.
Voorhees, of New B unswicl. n. j.. a3
a. receiver and ap ointed James Kear
ney editor OF the Trenton Sunday al
vertiser, as another receiver.
The case was be ore Judge Bodine OF
an order. moved Y the Equitable Trust
Company, the New York Trust Company.
the Chemical National Bank anc; the
Chase National Bank, requiring the Ohi1
Trust and Savings Bank and the re.
eeivers to show cause why the receiver
ship Of the corporation should not Dc
vacated The grounds We're that John
y. WHY'S is. seeking TO control the re-
ceiYership in New York, New Jersey and
Ohio throu~h the receivers named by the
United States court In Toledo. The
plaintiffs showed that Mr.. Minger Is
stockholder, director and yice-president
Of the WHY'S Corporation while actir,g
as receiver, while MIR. Kennison is vice
president OF the Ohio Trust and Savings
Bank, complainant in the original actioi,
that brought about the appointment o.
receivers.
During the argument Of the motion
James NJ. Hartfield Of New York, rep
resentine the merehandise and construc-
tion creditors. attacked Mr. Wilivs. X
charged that AR. WHY'S "defiantly and
IN combination and by arrang ln9en.
with this plaintiff bank has tried 70 con-
troll the receivership not only in Ohio
but IN New Jersey also"
1--WE are not attacking the ability and
integrity Of Messrs. Minger and Kenni-
son." said Mr.. fairfield, 1--WE are at-
tacking the methods by which their APP
polntment was brought about. Ninety
five per cent. Of the creditors come into
court and say they object to the way Nj.
WHY'S is trying to control the receiver
ship"
Thomas S. Tracy OF Toledo, represent
ing the Toledo interests and the re-
ceivers. argued for the retention OF Ken
nison and Minger. declaring that to cuS
the Toledo interests out Of a voice In the
control Of the New Jersey plant might
check the flow of Toledo money to New
Jersey.
Actions similar to that decided by.
Judge Bodine have been started before
the United States courts IN New York,
Albany. Trenton and Wilmington, Del.
Special Despatch to THE NEW York HERALD.
TOLEDO, Dec. 1.-The appointment OF
Toledo receivers for the WHY'S Corpora
ton has blocked a plan to remove the
Overland plant from Toledo to Elizabeth
y. j., Toledo bankers said to-day.
Tho Elizabeth plant of the Willy
Corporation. the principal cause OF itg
present troubles. Is one of the most mod
crn i'm the country. II Is COMPLETE ex-
cept for machinery and working capital.
II Is said the plan OF the Eastern inter
ests was to make Willys Overland parr
OF Willys Corporation and move al
machinery OF the great Toledo plant to
Elizabeth. providing both mechanical
equipment and working capital The
WHY'S Corporation now owns g. per cent.
Of common stock In Willys Overland.
Eastern bankers contended that the
car could be produced for less money in
the Eliza beth plant. and Eastern inter-
ests declared there was market for the
entire output OF the Overland east OF the
Allegheny Mountains John y. WHY'S
and Toledo interests opposed the plan.