Show L. L R. R Steel Creditors May Get Every Cent D Due e eBl NEW YORK March 15 Sam Sam Bl Slumbers Blumborg No 1100 lith l.-lith iV aJ avenue ag of counsel counse for tor the L I. L. L It R. Steel receivers and a creditors creditors' committee now working on a a reorganization PJ plan pin n said 1st today he ho e hoped t to t. t re recover over io 0 cents on the d dollar Yf The assets of oJ the enterprises Mr r. r Blumberg said are are- approximately as against liabilities and of ot the only 3 represents merchandise the h balance l r realty The creditors sl committee Mr Blumberg declared Is working on ona ona ona a plan which contemplates active resumption of or business and eventual restoration tO of tock stock c valuation Un Un- der the a plan he said ad the frozen assets will be liquidated at a fair price and enough cash realized to tl on pay y ya a all firm debts foundation and put the business On the other hand t he said If J certain of the tho creditors Jump over l the traces as some e of them e threaten h a ed ai gr to do anc and force a quick sale l of the frozen assets the recovery will be much smaller |