Show AW assignment the P L M B company hi is morning I 1 the provo lumber manufacturing A building company made an assignment to day for ha benefit of their creditors this failure will undoubtedly create great surprise among commercial aa the institution is one of the oldean in the territory and for yeara past baa stood very high in mhd business busin esc circles of thia county the board of directors met yesterday at the request of the superintendent i W K H paiman and again thia mornine to consider the condition of the company mr stated that although there were many of dollars due over and above what wac due by the company tha formal not be collected colle cled while the few cr editon were urging immediate payment there was a balease of over due by the territory on the asylum contract of three years ago that the company had fully expected to obtain through appropriation pria tion by the legislature states that if the company had been able to obtain this money from the territory they could bay met the deo arands under the circumstances abo superintendent felt that unless money could ba borrowed at once the tion would be compelled to suspend with tb moat valuable portion ot the companas comp anys property under morie age and it behag impossible to obtain ioan just now without the beat 0 security the board after consultation with their attorney deemed it the beet course in the of the creditors to make the A may been by the figures be lowthe creditors cre ditora have good prospect of obtaining ayery dollar due them following la the list of assets real estate 15 machinery Mer chanh 69 bills receivable book accounts the following ia a list of all the cred ina i na aa classified and shown in the assignment it will bo seen the total is which deducted from the assets leaves a balance ba larce in excess of liabilities of 01 liabilities A 0 smoot secured by real estate and chattel mortgage tl david eccel secured by chattel david eccles two i CLASS B kings river lumber co 1 60 north pacific lumb r co mill co celiaa morris 1133 Z OMI 1147 coop co op store fairview 2917 mrs trope mortgage morte age 0 A hooper co 1790 black nachi co 8 A co mr josiah W cluff baa been ap pointed as ainee as |