Greensboro Daily News
Rockingham, June 18—On June 8 a temporary receivership for the Carolina Coal company was secured before Judge Daniels in Raleigh with J.H. Kennedy made temporary receiver. Judge Daniels set June 18th as time for having a hearing before Judge Bryson at Rockingham upon the question of making the receivership permanent. It was at the mines of this coal company that 53 men were killed several weeks ago in Chatham county. The petition for a receivership followed so that the company could keep the pumps working and eventually sell the mine and liquidate to its creditors.
Appearing before Judge Bryson here today for the coal company was D.B. Teague and for the receiver was A.A.F. Seawell, all of Sanford. Present also were J.R. McQueen and C.M. Reeves, of the mining company. At the conclusion of Attorney Seawell’s request that the temporary receivership be made permanent, Attorney K.R. Hoyle addressed the judge and asked that the receivership not be made permanent. E.L. Gavin also spoke against the receivership, these two lawyers then asked that an additional receiver be appointed.
Judge Bryson declined to do this and signed an order making the temporary receivership permanent and John H. Kennedy as sole receiver. It is understood that Mr. Hoyle stated after the hearing that he intends starting proceedings throwing the company into bankruptcy.
From the front page of The Chatham Record, Pittsboro, N.C., Thursday, June 25, 1925
newspapers.digitalnc.org/lccn/sn85042115/1925-06-25/ed-1/seq-1/#words=June+22%2C+1925
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