Show PACKING COMPANY REORGANIZATION ON 65 PER CENT BASIS Des Moines Ia la June Tune 22 The The stockholders stockholders stock tock holders of ot the Associated P Packing company voted this afternoon to re reorganize reorganize re- re organize the company on a a. basis o ot of allowing dissatisfied stockholders to withdraw receiving 65 per cent o of the par value of their subscriptions Onla Only a a. few tew of or the smaller holders signified their Intention of ot withdrawing from the company Subscribers who paid pale only 25 per cent of ot tho the subscription will withdraw upon pa payment ment or of an additional 10 per cent cant and receive their cancelled notes note A new board of or directors composed mostly of ot prominent farmers of ot the state was authorized to carry out the plan for tor the reorganization with the tho consent of ot the court and continue continua the erection of ot the plant I The rhe receiver John B B. Cavanaugh vanaugh will Ill be asked to assist t In the plans for tor forthe forthe the reorganization |