Show BUSINESS Z C M I 1 takes in alie coop co op the provo oo operative institution wae alceed abia under fore closures of chattel and real estate mort gages segregating in the amount of 35 and held by the Z 0 M I 1 of salt lake mr T G webber suot Z C M I 1 ia now in and it ia expected that in a few days the entire stock of merchandise book accounts and bille receivable will be disposed of at public sale immediately before the action of Z C ad I 1 an attachment was made by the first national bank of this city for 1 and following ZO MI another attachment by eldredge go ot salt e for about it is understood der stood that the entire liabilities out aide of the claim of Z 0 M I 1 amount to it is believed that the as sets of the institution are more than to cover all the tho institution for eeme time past under bupt supt management baa been gradually reducing its euneda there being at the lime he took charge a couple ot years aco an ag predated pre gated indebtedness of nearly 20 more than it is today the indebted nees to Z 0 M 1 had not however been lessened and suot with attorney F 8 richarda Kic harda came down yesterday from salt laka to confer with the board and to make formal demand for settlement in view of their prea en t inability to meet the matured indebtedness debt edness the board could not do otherwise than confess judgment and permit the foreclosures fore closures toe op ia oldest coop institution m tha territory in fact it is the first institution of the kind established by president brigham young II 11 is a of deep regret on the part of tha people of provo city that this old and popular institution has been compelled to close ita doors the clothing department being a branch of the coop co op ia alao taken possession of and closed |