Show ASK RECEIVER FOR DEVELOPMENT COMPANY PHILADELPHIA Feb eb 24 Claiming Claiming that the concern was organized to do do- fraud the public and that it is insolvent insolvent vent four stockholders of the International International International Lumber aud and Development company com corn pany panr with offices office here today friday filer a abill abill abitt bill bitt in equity asking for the appointment appoint appoint- ment meat of a receiver Judge McPherson fixed March 1 5 j for a hearing Tho The corporation was chartered under the laws of Delaware and has a capital of oC It was organized for the tho development of oC timber and agricultural lan lands in Mexico It is alleged cd the tho promoters got pos possession posses posses- eg sion of acres of Mexican land th that Jt had bad ori originally cost and floated a corporation Subscriptions Subscriptions Sub Sub- were offered d and it is alleged al al- al leed c ed whoa when purchasers failed to pay monthly installments of 5 a share the contract t provided that they should JOean lose JOe Pall all right to the tho stock Forfeit money on it is char charged ed di did not CO into the thc treasury but hut was appointed by officers officer and a d directors and al that oat 1 and upward has been beon forfeited Instead of S per pcr cent dividends being paid from profits it is char charged ed the they from 1 received for forstock forstock were were- paid money stock subscriptions and ad that the com pany ha had paid out up to February Feb mary 20 1 1912 12 |