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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 21, 1920
Page
5
Sugar Attorney John E. Hannigan yesterday became receiver for the Old Colony Foreign Exchange Company and will search for further assets. This morning he meets with Attorney Robert Gallagher to discuss settlement possibilities with creditors offering a dollar for dollar recovery.
Mr Hannigan told Federal Judge Morton he would seek to recover the company assets with minimal creditor expense. The new receiver plans to boost assets and has Carried out searches with Attorney-General Allen to locate missing funds in Boston banks. He may broaden probes to New York if traces of money are found. The initial move was a search for funds in a Boston bank under Mrs Charles M Brightwell, wife of the company president.
Five local men linked to the Old Colony Foreign Exchange Company face arrest warrants issued by the police under District Attorney Donnell. Fred C. McCraw, 25, was taken into custody and released on 2500 bail as the Chelsea police detained James Cassani, 68 Central Avenue, for six counts of larceny. Police expect the remaining two suspects to be arrested within 24 hours.
The 11th annual five day program for parochial school teachers in Greater Boston opens Monday at Boston College High School. Lectures by Rev. Frederic Siedenburg and Rev. John F. Dillon cover modern social problems and superintendent observations, with additional talks on music history and India.
A man utters a taunting line about a woman claiming she is the only decent woman he has met. He becomes agitated and directs another to escort her home, signaling tension and potential conflict in a domestic or social scene.
George Laxton the Black Sheep faces a ruined engagement with Norah Ackroyd. Laurie Fenton’s scheming drives strain through Barton Manor as Norah's father Mr Ackroyd blocks the match. Laxton seeks escape in a London meeting with Thornycroft while awaiting the next chapter.
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