| Show NO RECEIVER NAMED Attorney for Trust Company Holding Q Mortgage Withdraws His Application TRIBUNE SPECIAL Boise Idaho Dec 12111 tho United Staten Circuit court thlu morning T II RIchard attorney for time Mercantile Trust company of Boston which corporation corpora-tion hold a blanket mortgage upon the property of tho BoiacPayctte Jllvcr Electric Elec-tric Power company and sought to have c receiver appointed for tho power corn pauy asked that the case bo dismissed Rather than operate the properly of the power company under the restriction proposed by the court the complainants preferred to accept the tender of Interest money Inasmuch as the creditors of the Bolre Pnyetto company had agreed not to press their claims and them were good pros pcotu that the company would be able to extend its operations and Increase Its rev hues with comity restored between the coatllcthiG Interest Briefly stated the Immediate rjTcct of tho dcclslon to withdraw tho application for a receivership will leave tho power company in very much the samo condition as It was MOrO the action was commenced com-menced Thai BhoT7lnj oiado In tho proceedings pro-ceedings before Judge Bcatty will It Is claimed have tho effect of lightening tho power companys bunions and Increasing confidence In its ability TO earn an income sufficient to meet all expenses and operating oper-ating charges It IB understood that funds will soon he forthcoming for the betterment or tho plant All creditor will It Is sakl bo paid In full and the pioperty placed in such physical condition that It will be able to meet all competition Thai bondholders It is alleged tire willing will-Ing to cooperate with the stockholders for Improvement and extension of the power plant and tho protection of the companys creditors I |
