Show MADE J Company Was to B Ba Allowed Allow d to Cn ti nue Busin Business ss San Francisco jan ian iA meeting of stock brokers who are financially concerned with the tho affairs of the L 1 1 Sullivan Trust company of G lafield Nev was held toda today George RIce vice president and Peter Grant tre trees s uror or of the Sullivan company were present and submitted the report of the accountants who ha have e just finished an Investigation of bI the books of the trust company compan What the report disclosed was not divulged for public information tion the meeting being beng a secret eclet one It was stated after aftel adjournment that thata a satisfactory arrangement had been reached wh by the Sullivan Sull ivan company corn pany is to depo deposit it collateral security for th mount amount due the brokers and ang give notes payable in sixty ninety and days It was announced that the company would continue to do business as here heretofore heretofOre Rico said yesterday that he had re received received a copy of the expert report on the affairs of the concern I 1 do not care ho said to go Into the details of this report but it shows that we have assets of more than 1 In excess of our liabilities This is figured on the intrinsic value of the thes s securities Our OUI total liabilities s to brokers amounts to not more than and of this amount riot not more than is isto isto to San Francisco brokers |