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U.S. Court Holds Hearing on Assets of Defunct Jewish Paper

May 21, 1954
See Original Daily Bulletin From This Date
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A hearing for the final disposal of the assets of the defunct Jewish Morning Journal took place yesterday at the Federal Court House here before Judge Sidney Sugarman. A report submitted by the trustee, Charles Seligson, showed assets amounting to approximately $174,000 and recognized liabilities of $128,000.

These liabilities are in the form of certificates of indebtedness, issued by the trustee against funds lent him to enable the re-opening of the paper on August 31, 1951. after it had previously been closed for five months, and to keep it in operation.

The trustee has submitted a claim of $47,000 for his services, while M. Fogelson, an attorney, is asking $20,000; another lawyer, Arthur Rosenberg, is asking $8,500; and an accountant, Louis Kramer, has submitted a bill for $3,500, in addition to the more than $8,000 which he was paid during the 20 months that the paper operated under the jurisdiction of the Federal Court. The Yiddish Writers Union, as a creditor and in behalf of its members formerly employed by the Journal, entered objections to these claims as excessive.

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