More Legal Complications in Oneida Silverware Mfg. Co.’s Affairs
Oneida, N. Y., May 22.— More complications were added to the affairs of the Oneida Silverware Mfg. Co., Limited, yesterday, when an order was granted to show cause why a rehearing should not be had on the application of the receiver, Charles A. Stringer, for an order confirming the sale of the manufactured and unmanufactured stock, implements and fixtures of the company.
The order was granted at Morrisville by Hon. Gerrit A. Forbes, on application of Jenkins, Nock & Peaslee, of this city, on affidavits of William E. Witter and Steven C. Waterman, Oneida, and Percy Coon, Syracuse. The order is returnable, Thursday, at Morrisville, before Judge Forbes. It is doubtful if Judge Forbes will hear the arguments, as he will probably enter an order sending the motion to Judge Lyon, before whom the other proceedings in the matter have been had.
The stock, implements and fixtures of the Oneida Silverware Mfg. Co. were sold at public auction a few days ago by order of the Supreme Court. The William A. Rogers Co., Limited, having their principal factory at Niagara Falls, purchased the property for $10,050. When the application was made at Binghamton, Saturday, for a confirmation of the sale Percy A. Coon, of Syracuse, represented by an attorney, opposed the sale. He presented to the Court a certified check, offering to purchase the property at a price 10 per cent, in advance of the price paid by the William A. Rogers Co. The sale was confirmed and Mr. Coon, assisted by Mr. Waterman and Mr. Witter, two of the directors of the Oneida company, have resorted to the present procedure for a remedy. Mr. Coon is a nephew of E. E. Coon, of this city. It is said he wishes to purchase the property and reopen the factory.
Binghamton, N. Y., May 20.—In the Supreme Court, Justice Lyon granted an order, May 18, confirming the sale of the manufactured and unmanufactured stock, implements and fixtures of the defunct Oneida Silverware Mfg. Co., Limited, to the William A. Rogers Co., Limited, of New York and Toronto. Sidney W. Moore, president of the old Oneida Silverware Mfg. Co., was represented, but no legal objections were made to the confirmation. Instead an offer was made on the part of Mr. Moore for the purchase of the articles sold, evidently with the end in view of reorganizing a company in this city.
Source: The Jewelers' Circular - 29th May 1901