A Famous Suit Settled

The long drawu out suit of VV. B. Phillips, receiver of the Register Publishing Co. a's. Selby A. Morau et al., was settled out of court ou Wednesday inorniug. By the terms of the settlement Selby A. Moran retains possession of the neAyspaper. Of Kooh & Heune's rnortgage of 2,500, the receiver has already pald 800 and Mr. Moran is to pay. the balance. He is also to surreneter to the receiver 11,000 in labor accounts. This arnonnt is represented by orders giveu to workmen on advertisers in the Register. Mr. Morau was formerly secretary aud treasurer of the Register Publishing Company. The company claimed that Mr. Moran gave the Koch&Henne mortgage, without autbority, to secure a debt that ought to be looked upon as nis own personal liability. Mr. Moran's reply to this claim was that the mortgage was praotically sanctioued by the üirectots. On the witness stand Mr. Moran testified that he bouglit a half interest in the Register plant aud business, then owned by the late Kendall Kittredge for S8,000,giving nis note for the whole amount. That in one year he paid Mr. Kittredge $1,400 and interest. That Mr. Kittredge then offered him the other half interest for 7, 000, at the same time making him a conftdenial proposition that if he could sell the business to a company which was in proces? of foruaatiou he could keep the newspaper as a commission for so doiug. Au unsigned copy of this proposición was prcduced in court, Mr. Moran claiming that the original was lost. Moran claimed that he accepted this proposition and afterwards paid Mrs. the exscutris, the f?, 000, aud then eold the plant, exclusive of the uewspaper, to the new company, of which he was principal stockholder and manager and treasurer. The other two directors, he stated, had bad their stock given them by himself for their services in organizing the company, .$200 each. The amuunt of Mrs. Kittredge's claim bas now been paid in full and it is thought that the creditors of the company will get from 25 to 33 per cent of their claims, the plant having sold at receiver's sale for $10,000.