Show SEVIER SEVI R CON CONs AFFAIRS President of Company Hopes to Pull the Enterprise Through Though Seymour W Tulloch president of the Sevier evler Consolidated company compan which went Into nto the hands of a receiver a few fe days clas ago go reached Salt Lake from the east yesterday esterday morning When seen he had had no time to confer with Receiver George W LV V Parks and knew nothing at atall atall all 11 of what had transpired since he be start started started ed d west Ve We have a magnificent property In Inthe inthe the he Sevier Consolidated said Mr Tul Tulloch Tulloch loch och and we were beginning to get in good shape for the successful carrying through drough of the enterprise when the big declines in stocks raised havoc with the th money markets of the country and com corn completely upset our plans for the tho final fI fl financing of the corporation We had spent a great deal ct t money In developing the property and equipping it with mills and other ther machinery including the fine power plants A point had been rc ched where the he mine and the mill might have dem demonstrated demonstrated their worth and hel ed ma materially materially In providing the fund to clear the he proposition of debt When It be beame became became came ame evident that we would be up against it as the he saying sayin is It was de decided to ask for a receiver In order that the tho best interests of all the share ers era rs might be conserved I cannot say yet what will be done but out I believe bellev that creditors ot of the com company company company pany will be reasonable and that some someway someway someway way out of our troubles will be found that hat will save saye tho the property to the corn com company any pany Just what tho Indebtedness la is 1 I IC C J 4 4 Y S cannot say but it Is considerably more than We Ye sold stock in the com corn company company pany on a basis of and the property is unquestionably worth more than that I was not willing to see the tire assets of the company dissipated through attachment claims and thus the stockholders sto to lose all hence the ap application application for a receiver as It was made |