OCR Text |
Show I THE MAJESTIC ORES TIED UP BY CONSENT Hon. C O. Whlltcmore of counsel for tho Majestic company's receivers returned re-turned fiom the West yesterday. A corference with him was obtained by Ju3g. Ilowat and Judge Dey, representing represent-ing the petitioners in bankruptcy, the subject that of the forwarding of ores" from the properties out of Milfnrd in alleged violation of an agreement which prqhlbttcd it. The latter, who were seii upon their withdrawal from the ccnfcrencc. said that Mr. Whlttemore bail expressed his surprise that any step had been taken to market the asset as-set of the company, but the ores consisting con-sisting of nerlv 200 tons, are intact at the sampler and. of course, the proceeds pro-ceeds vould bo held subject to an order ci! court. Meanwhile the creditors who have instituted in-stituted the proceedings In bankruptcy nri ccntendinc that the assets of the Majesti'' company are being sacrificed in that they are being sent to a custom smelter for reduction when the cdm-pany cdm-pany is equipped for the reduction of its own ores. It Is this faction which is demanding that the agreement be observed to tho letter. On the other hand the receivers and those employed by the receivers are desirous, perhaps, of gettiotf something In the "ktty" with which to pay the bills and for services. |