Evening journal., 1921-06-17
ORDERS MONEY
RETURNED TO
FISHERIES CO.
contInued DOM FIrst Page.

unlaWfully and fraudulently issued /
and that each OF the said six defend |
ant directors forthwith deliver 20 the |
said Joseph L. Cahall, receiver as
aforesaid. the several certificates
representing said shares OF stock re-
ceived by them as parts Of the said |
30 and 420 shares OF stock and when /
received by the receiver, be by him !
cancelled.
Mr. Pennington. pursuant to the
first decree Of the Chancellor, filed
an account of the net value Of the
products Of the company from Aug
ust 10 to August 81. while the plant
was operated by him. He also
through counsel. claimed certain
credits, setoffs or counterclaims.
These were all refused by the Chan
cellor in the recent decree. Mr..
Pennington in his accounting gave
the net value OF the products be-
tween those dates as S17,SS8.99,
while the Chancellor in the decree
orders him to pay to the receiver
within three months Of the date Of
the decree, S27,16S.36 with interest.
from November 1. 1917.
The recent decree also assesses
the costs Of the case amounting 10
S1.038.76, to the six directors and
Mr.. Pennington, to be paid within 30
days.
The decree Of the Chancellor is
as follows:
"On this fourteenth day OF June.
| 1921, William c. Lofiand. James T..
/ Lank, Harland NJ. Joseph. William
Z II. Bookhammer, John r. Baylis and
/ William j. Thompson, six Of the
/ above-named defendants, having on
/ the twenty-sixth day Of May, 1921,
severally filed an account pursuant
to the decree made In this cause on
the twelfth day Of May, 1921, where
by it appears that on the 90 shares
Of stock Of the Lewes Fisheries Com
pany taken by the said six defendants
on the eighteenth day Of September.
1911, in lots Of Is shares each, the
said defendants received together the
sum Of $500 on the first day Of jan
uary. 1912: the sum Of 5000 on the
twenty-fourth day OF December,
1912, and the sum OF 5000 on the
fifteenth day Of January, 1914; the
sum Of $500 on the fifth day Of Janu-
airy, 1915; the sum OF $500 on the
twentieth day OF December, 1916;
the sum Of S13, 500 on the eighteenth
day OF December. 1917, and the sum
OF $3.50 on the tenth day II June,
1918; and by said accounts It fur
ther appears that on the 420 shares
Of stock Of the Lewes Fisheries Com
pany taken by the said six defendants
on the fourteenth day Of February
1912, in lots of 20 shares each, th'
said six defendants together receiv'
/, ed the sum OF $4,000 on the twenty
fourth day OF December, 1912; the
. sum OF $4,000 on the fifteenth day
b OF January. 1914; the sum OF $4,201
on the. hfth day Of January, 1915
the sum Of $4,000 on the twentieth
day of December, 1916; the sum Of
5 S63.OOO on the eighteenth day Of De-
! cember, 1917; and the sum OF So
. 800 on the tenth day Of June, 1918
- And it further appearing by saie
- accounts that the said six defend
ants are together entitled to credi
Of $4,000 as Of the twentieth day oi
i January, 1918; to n further credit o
$4,000 as OF the fifteenth day OF Jan
uary, 1914; and TO a further credi
] on ls0aN dN VI NAAN AAAnLANAANAA A@~a
: December. 1917;
4 And the Chancellor, pursuant &
}. a motion made by Richard 5. Rod
Il ney. David j. Reinhardt and DAME
n j. Layton, Esquires. solicitors for tn
e said six defendant directors, and q
e an order made in this cause on tn
e tenth day Of June, 1921, havinl
y heard testimony and proofs to sho'
T that the promissory notes given b
o the said six defendants TO the Lewe
Fisheries Company for the said AZ
u shares OF stock had been discounte
u by the said company, and the sal
y testimony having been considered
II and by an order Of this court mad
In the cause on the thirteenth day @
June. 1921. made a part OF the rec
= ord OF the cause;
And II appearing from said ties
ttmony and proofs that some OF sal
. notes we're discounted by and for tn
benefit Of said company; that tn
p said six defendant directors in ac
?. dltlon to the payments shown on N
v. books OF the company paid the SUI
!. of $4,000 on the twentieth day {
\ January, 1918, hereinbefore referro
to: that the balance due on sal
notes so discounted was paid by sal
conpanv. that Notwithstanding N
discounting OF said notes and II
N payments thereon by said six d'
i PENDANT directors, the said 420 shar'
Of stock of said company were M
lawfully and fraudulently taken; an
IL that said six defendant directo
es saould repay to the said receiver n
n sums so received on said shares
stock. with interest from the date
r pavment thereof. after allowing
y, credits thereon the sums hereii
above mentioned;
We "It is therefore. ordered, adjudg'
e and decreed by the chancellor tn
~ the said william c. Lofiand. Jam
n II. Iank, Harland NJ. Joseph, w
liam II. Bookhammer, John X. Ba
eo lis and William ]. Thompson, with
three months from the date OF n
er decree. repay to Joseph L. Caha
x receiver Of Lewes Fisheries Cor
&c many. the sum Of $500 with intere
iff thereon from the first day Of Jan
Is. arv. 1912 the sum OF $500 with
90 terest thereon from the twent
TO fourth day Of December. 1912; q
sum OF $500 with interest there
from the fifteenth day Of Januai
1914; the sum Of $500 with inters
Is. thereon from the fifth day of Jan
,ei arv. 1915; the sum Of $500 wi
re- interest thereon from the twentie
rs. day Of December, 1916; the sum
M | S7g 500 with interest thereon frf