Show Take Receivers Out of Politics Is Latest Plan Editorial in Los Angeles Times The action taken by superior court judges to solve the receivership problem will sill If St it proves successful remove one of the standing causes for or complaint against the cour courts on the he p part rt of ot the business public In both oth state and United States courts is s it charged against receivers receive that they hey are arc too frequently incompetent tent ent and dilatory that their fees tees are arc ro excessive and that they receive their heir appointments in too many cases through personal or political influence rather than upon merit I In n this receivership situation there theres is s unquestionably more smoke than fire ire The difficulties against which honest onest and competent receivers mU must t struggle arc considerable and andt it t is not to be expected that in every cue case they will wilt give per cent sa sat sat- to all parties But the tho fact remains that there are arc ro receivership abuses and end if it they can be corrected to any considerable extent both the courts and business will b be healthier for It The plan plano to o appoint receivers only froma from a fled list approved by a majority of the ic superior court Judges to fix and standardize their fees to standardize their heir methods and reports and to scrutinize their activities with great care are by the tho whole bench seems sums well calculated to effect an Improvement not ot only in receivers and their services services ser- ser vices ices but In n removing tho the temptation ion tion to Judges to consider such appointments ap- ap as political patronage and nd the pressure upon them to do so It U should be remembered that re re- elvers are not appointed for liquid and nd going businesses able to meet their bills and running at a profit Before a business goes into receivership receivership receiver- receiver ship hip its managers have customarily exhausted every effort to keep it out of f the tho red and have usually called in n bankers and other advisers who also Iso have havo done their best The receiver re- re elver is called upon to attempt att to resuscitate a a. corpse and that he be does not ot often otten succeed is very cry little to be wondered at However it is plain the plain the job calls for tor or talent of a high order C so that the le nature of receivership requires that hat appointments hould bould be bo mode made with great care and d only men of proved competence selected selected Men who can really p perform as receivers will earn and anci should receive e go good goodpa ex pa pay Care should be taken that tha those who fail through should not be well welt paid also though it la is at times difficult to say if a receiver has bas failed through Incompetence 0 or because of ot the inherent difficulty of hi his task It seems likely that professional professions receivers will in the long run am amon and andon andon on the average render better ant and cheaper service than men who might be named haphazardly Such receivers receivers receivers re re- re- re will have an incentive to tomake tomake tomake make good records to conserve assets assets as as- sets to the uttermost most to td protect the interest of ot all an parties to their best bes ability Critics of the plan will Ul declare de clara clare that the proposed select lia list creates a favored class and the that good things ought to be passed paned around Tho The answer answorth to this is that a properly conducted receivership Is not a good thing but a heavy henvy responsibility re In which every overy c cent nt of remuneration is il well earned A receiver receiver re re- re- re celver who ha has hasa a a good thing Is not nota ot a good receiver he lie Is mulcting either the creditors or the owners of ot the business or or both It is the tendency to regard receiverships as asgood asgood asgood good things that is Sa at the bottom lot of the trouble When receivers are selected by the parties in interest from a list approved ap proved by the Judges as tho the plan I under consideration proposes many of the abuses of the present system ought to disappear The plan is 18 worth a trial and it is to be hoped the Judges will see sec fit tit to adopt it itA A green gray-green fish called the puffer puffer fer defends Itself when in danger I by suddenly assuming the appearance appearance appear appear- I ance of ot a balloon The first typewriter was invented by an Englishman early in the seventeenth seventeenth seventeenth sev sev- century the first workable pattern however was designed in Detroit a little over years ago ngo More than tons of ot water pass over Niagara Falls every min rain ute S In the strongest vaults vaults' In the world situated in the royal mint London bullion bumon worth is sometimes sometimes' stored |