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KINLOCH. The St. Louib Republic of last Saturday said: lAn application for a receiver to take charge of the property of the Kinloch Jockey Club, which was to have been sold today, was made to Judge John- W. McElhinney of the Clayton Circuit Court yesterday by Joseph Sippy. The sale will not take place. "Mr. Hippy also asked that J. C. Kiskaddon, who was appointed trustee to succeed T. C. Colonious, be enjoined from selling the property at auction. "The Kinloch Jockey Club, Joseph D. Lucas, president; Philemon Chew, secretary and treasurer; Edward Butler, Jr., vice-president, and Mary A. Kennedy and J. C. Kiskaddon, trustees, were made defendants. "In his petition, Sippy stated that Benjamin Qninn, L. Owen and Edmund F. Martin incorporated tho Kinloch Jockey Club August 2, 1900. The capital stock was said to be 0,000. After their organization they were succeeded by the officers named in the petition. Sixty shares of stock were sold to Edwardand Louis Lemp for 00 a share, which Sippy afterward purchased. Not one cent was paid, the plaintiff alleges, on the remaining 440 shares, with the exception of ,CO0 contributed by Butler. "Promissory notes amounting to 3,500 were issued with Lucas and Chew as indorsers. To indemnify themselves, the plaintiff alleges, they executed a deed of trust on the property, which they are now seeking to foreclose. The property consists of 135 acreB of land with the improvements. The notes were made payable to Mary A. Kennedy. "The plaintiff alleges that the appointment of Kiskaddon as trustee was void, as the sheriff was the proper party to servo in the event of the inability or failure of Colonious to do so. It was also alleged that the advertisement was irregular. The advertisement was inserted in a Clayton paper. It is claimed that it was arranged so as not to reach all the subscribers. "It was further requested in the petition that the court order the removal of Lucas and Chew as directors in the association; that the deed of trust be aet aside and the note given to Mary A. Kennedy canceled. "About the same time the petition was filed, the clubs attorney appeared in court and had Sheriff Hencken appointed trustee in the place of Kiskaddon. This delays the sale for twenty days, independent of whatever action may be taken on Mr. Sippys petition."
