Salt Lake Herald-Republican | 1913-01-21 | Page 7 | Would Make Employees Preferred Creditors

WOULD MAKE EMPLOYEES I PREFERRED CREDITORS I T J. J E E. Cardon Democratic representative represent represent- nt from Cache county count proposes to toJ tomake tomake J make more certain that employees snail shall bo ho preferred creditors when their employers ers are arc In financial straits through tho the Introduction of ot two bills is in the tine liOU house yesterday These bills his identical excepting that ono one cr co covers as assignments ns- ns and tho the other othet othet dissolution by hr court order provide that In the tho distri bulon of ot assets each employee shall be bea ben a n creditor to the tho extent of HOO oo but that If 1 the tIne assets are not eno enough enoh h to go round on that basis tho thio assets ts shall shah h ho he divided pro rat rita rata a. a In t so bill billj i officers rs o of the companies m members of or the tho board hoard of directors and general mana managers ers are aro excepted and no artner r Is ls entitled to tho the preferences d. d