Show CLAFLIN COMPANY IS REORGANIZED NEW "iORK Dec 23 In accorda ce w ti the plan of agreement of reorgaaiza tion of the H B C afl n company it was announced ton g t t e Mercant e S ores corporat or? as been o ganlzed under the aws of the s ate of New Yo k The fo lowing d rec o s ha e been norn nated by the us ees u e tepa ad have ag eed to ac James S A e ander p es dent of the Nat onal Bank of Comme ce Henry D Loope of James F Wh o & Pompany Gates W McOar a preslden of e Mechan cs and Meta s Na ona bank Ge Tis H 1 ken of Dee ng I ken &. Companj A. be H vv gg n p es de of t e Chase Nat ona bank e ander New of Kansas C 5 Mo and Mur av Care ' too of Car etou Ferg on Drv Goods co npany of St Lou s Mo The boa d e ected Alexander New as pres don Th s corpo at on t was s a ed w 1 exerc se superv s on over the b s ness of twen y three reta stores and t a so w 1 ho d stocks of other corporations men oned n t p a Includ ng the stock of e H B Clan n corporat on when or ga zed Deposits of cla ms under the p an a e so far progressed it was ex pla ned as to warrant the organ zation of the company and the se ectlon of a board preparatory to taking over the bus ness as soon as the necessary court proceed ngs ave been completed It s contemp ated that within a short t me t e company to be known as the H B ClafUn corporat on as provided In the plan w be o Dan zed to succeed the wholesale business of the H. B Caflo company the o d company to cont nue ex s enee w1 h the rig ts as provided in the p an |