Show FAILURE OF BROKER R B Mitchell Goes to the Tune of is Generally Supposed to Be Hold Discuss Plans Ct AN FRANCISCO Dec B 0 MItchell stock broker with of at 2 New street dt Palace II 3 A short time after the cOncern no for business this rn it was seen that its obligations could oL be met and It was thou announced that the had faile It Is believed rays the Evening ost that the failure will be toy a sum ranging between and It Is to the figures until books ate examined and It Is hw ho i short on the exchange Caused SurprIse When the failure was reported great surprise was expressed by all except a afew few brokers wito said they hail expected for sonic time that Mitchell would be become come embarrassed it he did not stick to a strict commission business Mitchells bookkeeper Charles Clark acting under t direction of the credi tore Is endeavoring to ascertain or or not the bankrupt broker has any available assets is reported to be Ill at lila home Soon after the failure with made known Bookkeeper Clark Is alleged tO have admitted to a gathering of tots that for some time past Mitchell conducted a bucket shop busi neaL th tha id not ha a 4 Meeting of Creditors After Bookkeeper Clark had made It lin to tile assembled creditors that the failure could not have been worse than It is they held a formal meeting In the assembly room of Mitchells office WhItely a capitalist and broker called the meeting to order and andI I acted as chairman He made a brief on the of forming an organization of creditors as had been suggested b Mr Percy Mitchells lawyer and that the credi tore agree to sell theIr stocks on the baaI of the official closing quotations of in New York and then to settle on that plan when the bookkeeper er will have a statement of the condition of the books tomorrow The creditors decided that the stocks is supposed to have since he was c to buy them for these credItors shall be sold at closing prices and that Mitchell shall lye power of attorney to his counsel or some other person to sign the transfers of stocks |