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Show RECEIVERSHIP FOR GOAL Lffl DEALERS Pennsylvania Men Worth $36,126,500 in Temporary Financial Difficulty. XTSIOyTOVTS, Pa., Jan. 30 Following Follow-ing the closing twelve davs ago of the First National bank of Cniontown by its directors, the county court judges have appointed receivers for .1. V. Thompson,' a widely known coal land operator and president of the bank, and eleven other coal land dealers, all residents resi-dents of Fayette county. The assets of these twelve men totnl $30,126,500, while their liabilities, according to court records, are $12,114,775, approximately approxi-mately one-third of which is unsecured. The receivers for J. V. Thompson have $21,000,000 worth of assets and $7,000,000 of liabilities. Among the others, whose assets reach more than one million, are I. W. teaman, Jasper Augustine, Fuller Ilogsett ani Thompson. All have been active associates asso-ciates of J. Y. Thompson in his purchasing pur-chasing and sale of coal and coal land in this and adjoining counties. Included in the assets are thousands of acres of coal in Fayette, Greene. Somerset and Washington counties, Pa.; northern West Virginia and eastern Ohio. Most of this coal is suitable for coking purposes. Besides the individuals, the Dower Hill-ConnelUvillo Coko company, owning own-ing 1700 acres of coal and bYQ coke ovens, is in the hands of receivers. In Somerset county receivers have been appointed for the Union Lumber company and the Union railway, which are controlled by local men. Business men here are hopeful that iu a short time affairs will be read-jusfpd read-jusfpd and the receivers dismissed. The First National bank was capitalized capital-ized at $100,000 and had deposits or $2.ii00,000. Last vear the directors declared de-clared a cash dividend of 700 per cent in order to place its affairs In suitable shape for entering the federal reserve system. |