Show GROCURY COMPANY lUCLIVIlt inlilern toutpluln tlmt file Metliod rnod 0 111111 AM 10 I 100 New York Oct 10 Counsel on behalf be-half of a number of stockholders In the American Grocery company has made application to chancellor Me all nt Jersey City for a receiver for the company The bill sets forth that the company was organized 11 June 1SN and made money for two years DurIng the third year Thomas 8 Mar sails made changes In the business vvhleh proved detrimental Orders were not filled to the satisfaction of customers and salesmen who Influenced much of the trade were allowed to leave and lake their trade were allowe Several articles which had proved prof liable were dropped from tire stock The hill also alleges that Mr Marsalls sought to bring about a dissolution In nnowr Mr Marall makee an nllldavlt that nt the time of the trans fee for tho old to the new company thee wore outstanding JlMOOuo of preferred And 1000000 ot common tolk An assessment of 20 Per cent was levied on the preferred and 10 tier cent on the common tock of the Thlrbchlnnd company predeces Vdce For oC the American Oroery company In return tby ere 10 receive l much lon thereto first preferred stock of held In the old company and In nddl lon thereto first preferrred stock of the new company equal to the assss merit paid In On Ihls ngreement 1110 00 wn Paid In And Marnll end cer nn tells friends Paid In 10000 additinnot When he tool charge of the company I owed I2MOOO which debt ho reduced In three years to 70000 decision Chancellor McOlll has reserved Ills |