Court Record; Leonard Glass Works vs. Chicago Insulating Company; Suit to appoint receiver

[Newspaper]

Publication: The Daily Inter Ocean

Chicago, IL, United States
vol. 16, no. 162, p. 7, col. 3


RECORD OF THE COURTS.


Creditors of the Siege of Troy Seek the

Removal of Receiver

Brown.


The Insulating Company in Court — Suing

His Father — A Complete

Record.


IN GENERAL.

"SIEGE OF TROY,"

Fifty-five creditors of "The Siege of Troy" Company filed a petition in the suit of Bolossy Kiralfy and Joseph Erb against Daniel H. Rubson and George Oaky to protect their claims aggregating $1,175, and to vacate the order appointing a receiver. In the first place it is said that there was no urgent exigency for a receiver, save alone the private interests of the "Siege of Troy" concern. It is charged the proceeding is collusive and fraudulent, and designed to defraud the creditors. Kiralfy was never a partner, but working for a salary, and complainants could dismiss the suit at any time leaving the creditors in the cold. The three partners are non-residents of Illinois, and none of them have been here since the collapse. The three operate a similar enterprise in Columbus, Ohio, where they reside. Most of the creditors commenced attachment proceedings against the concern before Justice Blume, but when a constable went to make a levy he found the receiver in possession. The application to set aside the appointment of a receiver came before Judge Clifford, but he refused to take any action, because Judge Williamson made the appointment. The petition will be taken before another Judge.

THE INSULATING COMPANY'S AFFAIRS.

In February, 1885, the Leonard Glass Works instituted suit in Superior Court upon bonds of the Insulating Company, and recovered judgment for $7,476, which have never been paid. Yesterday the Leonard Glass Works filed a bill in the Circuit Court in aid of its judgment, and to have the Insulating Company wound up and a receiver appointed. The defendant company was organized in December, 1882, with a capital stock of $200,000. Nathan T. Fitch subscribed 4,000 shares, amounting to $140,000, Thomas Sanford for $50,000, and Charles H. Cleaver for $50,000. George H. Leonard, C. S. Cleaver, Robert S. Critchell, and William Richardson constituted the board of directors. The bill charges that the stock was never paid for and that the directors of the Insulating Company managed the affairs of that company so recklessly that it became insolvent. The court is asked to compel the stockholders of the defendant concern to pay the amount of their stock and to dissolve the corporation.

VARIOUS ITEMS.

In the Circuit Court John Olsen, a laborer, entered suit against Warren Springer, the foundry man on Canal street, for $10,000 damages for having his foot crushed by falling iron while in Springer's employ.

Mary Moore sued the City of Chicago in the Circuit Court for $5,000 damages for personal injuries. In May last she was walking on Thirty-third court with two friends. One of them stepped on a loose plank, which struck plaintiff and broke her collar bone.

George Strong, Jr., of the Twon of Wheeling, filed a petition in the Probate Court asking for a conservator for his father, George Strong, Sr., of the same place. Strong senior is 74 years old, and his mind is said to be distracted. He is possessed of a valuable estate, which will be wasted unless a conservator is appointed.

Morris Cohen, a cloak dealer, and Joseph Fish and Louis Weber, were sued in the Superior Court by Siegfried Oppenheimer, of New York. Cohen is charged with obtaining goods by fraud and Fish and Weber with collusion and fraud in securing confessions of judgment in their favor. Mayer, Mass & Hyman, also of New York, commenced a similar suit against the same parties for $1,000.

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Keywords:Chicago Insulating Company : Leonard Glass Works
Researcher notes: 
Supplemental information: 
Researcher:Bob Stahr
Date completed:June 11, 2008 by: Bob Stahr;