| Show I RECEIVER WAD RCIR I I BEOUIUTV COMPA3CY THAT WAS XOT 1 SECURE I II I I L Colorado Oanccrn THat Haa Conducted Con-ducted Its Uuslnens in u Very j T oofie and T7n1msineaa7lJic Inn nor I Denver March 8A receiver has been Hcedfor the Colorado Security company and an Injunction restraining it from iransactlnc further bulnees has been B > AMrlch one of the leading mem J cathedral Is < at the bers at St Johns cUedraI i at head of the company The petition is i r filed by H C Wilson who charges that the company js insolvent and that the officers have converted t their own use at least 40000 collected on notes and coupons cou-pons The petition recites that the business cf tho corporation has been for a longtime long-time recklessly extravagantly and fraudulently fraud-ulently managed Money has been invested and money collected it I alleged on notes previously previ-ously soldby the corporation amounting to 25000 in the La Junta and Lamar Ditch company which is now insolvent and this Is practically lost The principal ant interest collected from other loans previously sold by theo the-o it is aid have been used i the payment of favored investors who are now buying the loans of the corporation corpora-tion The stockholders have organized other companies bought real estate with the money of the corporation and made loans upon the land greatly In excess of Its value I the entire assets of the corporation were cold they would not pay over tion 10 per cent of said loans the pet 1 says The entire capital stock of the corporation corpora-tion has been attached except three shares belonging to Aldrich Mr AldrTch denies the important allegations alle-gations in the complaint Mr Wilson the plaintiff was the eastern east-ern representative of this company and 3te Aldnch say this action ts the result of complications which ensued during a settlement |
