Charles Howell Cook declines to purchase Eagle Pottery

[Newspaper]

Publication: The Trenton Evening Times

Trenton, NJ, United States
p. 1, col. 5


COOK WON'T BUY

EAGLE POTTERY

 

Withdraws His Bid of $62,000

Says He Doesn't Want It.

 

ANNOUNCED IN CHANCERY TODAY

 

Receiver Edwin Robert Walker Says

That Charles H. Cook Declines to

Buy Has the Collapse of the Pottery

Trust Had Anything to do

With His Withdrawal?

 

Charles Howell Cook, has withdrawn his bid of $62,000 for the old Eagle pottery property. His withdrawal was first announed this morning in the Court of Chancery before Vice=Chancellor Reed in a petition presented by Receiver Edwin Robert Walker, of the insolvent Eagle Company.

Whether the recent collapse of the American Potteries Company, with its over capitalization of $27,000,000 has had anything to do with Mr. Cook's decision not to buy cannot be authoritatively stated, but it is generally believed that it has. Mr. Cook was asked for a statement this morning by a Times representative and he simply smiled and said:

"I don't want your property."

"Would you mind stating your reasons for reconsidering your bid?"

"I don't want the property," Mr. Cook again replied.

"Has the pottery trust failure anything to do with it?"

But Mr. Cook replied again:

"I don't want the property."

Receiver Walker states in his petition that Mr. Cook offered in December to buy the pottery and white ware just as it stood. His withdrawal now makes it necessary for the receiver to sell the ware at a ruinous sacrifice, there being no market for such goods in the Eastern States, or to decorate the ware and then dispose of it. He asked for an order granting him this right, stating that there is enough coal, or nearly enough, to fire the kilns and sufficient colors and decalcominias for such decorations. He states that the labor to be emplloyed is principally that of women and girls, which is not expensive.

After a brief argument the vice-chancellor signed the order for the decoration and stated that in relation to the contention, brought by the creditors relating to whether the property could be sold for the benefit of the mortgagee, that he had decided that it could be and therefore ordered Receiver Walker to advertise the pottery for public sale.

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Keywords:Cook Pottery Company : Charles Howell Cook : Eagle Pottery Company : American Potteries Company
Researcher notes: 
Supplemental information: 
Researcher:Elton Gish
Date completed:September 26, 2008 by: Elton Gish;