| OCR Text |
Show WEBB & OLSEN, CROCERS, FAIL. O. II. F.ttit Elected Aulgnae mid riles I.lxt of Creditor. At 4 o'clock this afternoon Webb & OLscn, grocers, doing business on Second Sec-ond South street east, went to the wall, electing Mr. O. H. Fettit, secretary and treasurer of the Co-op, Furniture company com-pany as assignee. When seen by the commercial reporter of The Timks Mr. Fettit was in possession pos-session of the papers and list of creditors and was on his way to the office of the clerk and recorder where it is now on file. Until that was accomplished ac-complished he professed a delicacy in speaking at length of the firms affairs. "Will the assets cover the liabilities?" was asked. "I've not the remotest idea as I have not figured upon either." Although it is impossible to reach any definite facts with reference to the assets or liabilities the failure is an incipient in-cipient one so far as it relates to local commercial affairs. In the list of conditions con-ditions that are both preferred and pro rata is seen the names of firms in Chicago, Chi-cago, Denver and San Francisco, together to-gether with a column in Salt Lake, |
