Show MINING COMPANIES I AlTHOUGH SOlVENT ARE 7 IN RECEIVERS RECEIVER'S HANDS Friction Between Managers Results in Decision to Dissolve Rp to Th The Meeker Colo Cob Jan 31 Th The flaW B Era Ern and ancl tho the Spring Spring- Creole Mining companies com corn controlled and operated by tho the same board with their principal HoldIngs holdIng Hold- Hold I Ings Ing In Axial basin and Angora the Angora the largest corporations yet et to do business In this section of ot th the th paRsed n IB Into the tho hands handa of or a 11 receiver recel this week weel I according to advices just received uj from Fort Va Wayne nc Ind md tho the principal principal principal prin prin- I cipal offices are arc located The rte assets of oC the two companies are fl figured at m about while the liabilities total total to- to tal tat only a fow thousand dollars The receivership proceedings arc are tho the result of or differences which recently Aroen between C C. Y Brown and John D. D Bey the heads of ot the two com coin panics panle To adjust these differences difference's an arbitration board consisting of three prominent business men mn of at northwest northwest- stern st- st em ern Colorado C C. II Wolcott olcott C. C J. J Duffy Duffy Duft t fy and Joseph Collom all Of oC Axial basin was as appointed last week but hut neither of at the two head hend men would agree to tho the decision of oC the board Tho Iho companies are regarded as ns f en entirely en- en n- n solvent but n. n aa friction exists between Young Young- and Bey Boy the th receivership receivership receivership receiver receiver- ship waa wa-s as forced for tor the purpose of ot se securIng securing securing se- se curing a a. settlement The principal properties of ot tho companies companies com corn panics bought during tho past few months month comprise the Collom place at Angora purchase price and th the tho Morgan ranch purchase price There are several minor holdings s. s Tho The properties are rich In coal conI an and mining op operations on a a. large e scale scalo wore were soon to be be begun un Frank Frnnk Glimer of at South fiend Bend Ind md was made receiver John D. D Bey Dey treasurer secretary or orthe ortho ortho tho the companies was wail taken before Judge Jude Hubbard In tho the superior court at South Bend TUC Tuesday afternoon charged with contempt for tor having hl struck Frank Gil- Gil mer receiver of at the concerns concern appointed tho the mornin- mornin before Judge Hubbard l held hold that tho the act was not contempt of at tho the order appointing the receiver and upon the of or Bey fley that r would be allowed allowe access to tho books of the concerns ho was released The Incorporated values aluc of ot tho the companies companies com corn panics are aro |