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Receivership Planned for Eastern Steamship Corp
In U S District Court Judge Putnam authorized notices for a hearing on placing Eastern Steamship Corp under receivership. Berwind White Coal Co holds unsecured claims. bondholders may convert debt to stock to cut interest. Officials say it is a friendly move to reorganize assets and avoid loss to stockholders.
MENTIONED IN THIS ARTICLE
United States District Court
Putnam
Great Eastern Steamship Corporation
G. L. Stone
Hayden, Stone & Co
Eastern Steamship Co
Berwin-White Coal Co
Coal Company
United States
Portland
Eastern Steamship Corporation
Calvin Austin
Hayden-Stone & Co
Clarence A. Hight
Boston
Harry P. Sweetser
Atlantic
St. John
N. B
New York
Stone
District Court
Berwind- White Coal Co
New York, New Haven & Harford Railroad
New Haven
Metropolitan Steamship Co
Maine Steamship Co
New York, New Haven & Hartford Railroad
Department of Justice
Washington
el A. Cohte
New York, New Haven & Hartford Corporation
Sastern Steamship Corporation