OCR Text |
Show Hill 8lioa Company Truttaas, Rostov, June 13. At a meeting of tha eastern creditors of the Hill Shoe company at Memphis today it was decided de-cided to appoint two trustees to hold the assets of tbe defunct company for the benefit of the creditors. The plan of action for the trustees trus-tees will likely be to dispose of the stock and real estate for cash and from' the proceeds of such sales it is hoped to realize enough to pay a cash dividend of 20 per cent, the balance of the assets to be disposed of in the best possible manner and when the additional lit) per ceut shall have been realized and paid the creditors that the trusteeship trustee-ship bu dissolved and balauce of assets be turned over to the Hill Shoe company, com-pany, releasing them from all further I responsibility. |