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623
(613)
Aug. 30/98.

Dear Colonel:

The Haskell-Megrue account is again hung up by a restraining order, issued by the State Court of New York City, preventing the sale of the collateral security to-day.

On Monday afternoon Mr. Turnbull telephoned me that Haskell's representatives have said to him that his principals would pay all past due notes yesterday including interest thereon and legal expenses to date, if we would surrender bonds at sixty (60) per cent. This proposition I declined, but offered to surrender bonds at 83 1/3 in accordance with the contract if they would pay yesterday all past due notes, legal expenses, etc. I took this position after consultation with Mr. Wells, believing that they were attempting to entangle us in some dance and the team, having obtained such concession, against the State Court through injunction proceedings, to prevent the sale of the bonds as contemplated having failed to obtain from us anything which they could possibly present to the Court, they took from their file your letter to Mr. Haskell, of the 14, and applied it to the State Court for restraining orders. This was granted yesterday afternoon, and although the Press Co.'s attorneys immediately asked to have the order [[?]] the judge declined and the temporary injunction was returned Sept. 3, [[?]] [[?]].

To-day our attorneys will make application to have the court convene earlier than Sept. 8 out as yet to [[?]] not [[?]] [[?]] succeed.

A copy of the affidavit submitted to high court has not yet reached us, but we expect [[?]] continue to [[?]] [[?]] law.

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illegible ---------- Reopened for Editing 2023-09-27 10:11:22 ---------- Reopened for Editing 2023-09-29 09:12:05