Norwich bulletin., 1921-12-19
IRON WORKS TRUSTEE
 TWILL BE NAMED TODAY

TWILL BE NAMED TODAY |
 A trustee for the Groton Iron works | will probably be named by Referee in | Bankruptcy Thomas M. Shields this l (Monday) afternoon. At the creditors 1 hearing before the referee in the common l pleas court room in this city Saturday | the matter of naming the trustee for the | bankrupt concern was postponed until l this afternoon at 2 o'clock, when meet | ing will be held in the referees office on Broadway.
 The creditors hearing was opened at 10.30 o'clock Saturday morning. Among those present at the hearing were five men representing the United States ship ping board. but they took no active part in the proceedings
 Just after the hearing opened Referee Shields read the names of the concerns having unsecured claims, together with the amount of the claim and the names of the firms representatives. Voting on the claims then began Before a short recess was taken to | count and tabulate the vote, Judge Ar | thur B. Celkins suggested that appraisers be named by the referee and offered the name of E. Frank Morgan of New Lon don for consideration. Laurence A. Chap ! pell was also nominated by Judge Cal kins, and both nominations were second ! GU ny AllOIHcy V. D. NnilIleS6V. Repre- | senting the c. W. Morse interests, Attor- ney George M Burdett of New York of- fered the name of A NJ Main. who was
 formerly connected with the shipyard. ] Attorney Lee suggested the name of Marcus NJ Drake of No. IT Battery 1 place, New York Appointment of the | three appraisers will be made at the
 meeting this afternoon.
 l The vote on the claims was announced
 as follows by Referee Shields: P. Leroy
 Harwood, s1S.3941S; James H. Swan,
 s1.5S1,o67.0S. Among the larger claims
 presented were the following:
 c. W. Morse & Co.,, Inc, S1,516. .es01o; i;
 the Eastern Connecticut Power Co.,, s2o,-
 761; Travellers Bank and Trust Co.,, | S10,000; A. B. Sands & Co.,. S1.36946; {;
 Virginia Shipbuilding Corp, $1.3O42S.
 The Morse interests were represented
 by Attorney George M. Durdtt of New
 York; tne Eastern Connecticut Power Co.,
 was represented by Attorney Charles B.
 Whittlesey; Travellers Bank and Trust
 Co.,. by Attorney Eric Graham, and other
 claims were looked after by Attorney
 William z. White, Judge E. Calkins Ed
 ward Loughlan, Attorney Lee and Attor-
 ney Charles L. Stewart.
 Objections were made against allowing
 the claim of the Eastern Connecticut
 Power Go. on the ground that the
 amount, S20.671, was greatly in excess of
 the amount on the printed list. s5,O00. 1 The increase was explained by the fact
 that the iron works has been and is still
 receiving power from the Eastern Con-
 necticut Power CS. Attorney Whittlesey
 explained the matter and said the amount
 is not as high as it could have been
 made under the terms of a contract which the power company had with the } Groton Iron works. MT Swan offered
 the information that the power was still on at the plant and that small amount of power is used monthly. He said the l power bill was paid according to the ; terms of the contract and not according lfto meter readings. and that the amount v called for under the contract was s2 800 fl a month as minimum. rate and that the , Groton Iron works had paid such part of l the power bill as It was able to.
 Attorneys Lee, Loughlan and White I argued against the appointment of MT
 Swan as trustee owing to the fact that
 he Is the present temporary receiver, a - former president of the Groton Iror Q works, and is vitally interested in the affairs of the company. The attorneys - were of the ooinionS that the creditors f would not bc properly represented in the c appointment of MT. Swan. Mir. Swar f said he did not seek the appointment bu a had been asked by some of the creditor! e to serve in that capacity.
 e Attorney Burditt argued against tn,
 nomination. of MT. Harwood because O . his former connection with the Grotol e Iron works. MT. Haywood for nearly . year was one of the two receivers.
 n Attorney Burditt said that on accoun - of MT Harwood's previous connection y with the Emergency Fleet corporation h.
 would not be acceptable as trustee. II Attorney Loughlan, who representet II some of the small unsecured claims, a , well several secured claims. said tha the only known assets of the Groton Irol d works were the shipyard. which repre- a the claim against the Emergency Flee 10 corporation. the amount of which coul y not be told. The liabilities represente IL over two millions of dollars. He ha 1T made two visits to Washington and whil m there he gained the impression from rep IS resentatives of the shipping board tha n the unsecured claims would not fare bad
 ly if man were appointed who was i Id no way controlled by the Morse interests r. J. H. Buck, presenting one of the SC en cured creditors. asked If Attorney Lougf st Ian remembered the conversation. Attor a. ney Loughlan said there were four Ter
 resentatives Of the shipping board in tn
 room and u at he would let any commer
 from the shipping board come from then " The shipping board representatives vol
 unteered no information.
 CT The hearing came to a close about 1 1 N' o'clock, adjourning until this afternoo ne at 2 o'clock.