Salt Lake Tribune | 1901-07-13 | Page 5 | B. & O. Reorganization

B 0 REORGANIZATION C 0 Ellingwood to President of Transfer Company I The B O Transfer company which was taken possesion of on Wednesday by W S McCornick Co under foreclosure of a qhattcl mortgage for 10000 will be reorganized shortly but those interested decline to announce an-nounce at present the basis of the reorganization re-organization It is stated though that C O Ellingwood vicepresident of the old company will become the president presi-dent of the new company and will also have the active management B F Redman to retire from the concern The business is now running under the direction of Mr Ellingwood A stockholder stated yesterday that tho > company was far from Insolvent the assets being much in excess of the amount of the mortgage t