| Show BUSINESS TROUBLE The Philadelphia Lad Company ID the Hands ot Rcevers SALT LIKC PAlllIUS 1MURLSTLI President Schwartz of ill i Penn jlrrala iinlllij S toniiimr Iho Real ul the Loiiuru PiTTBEDKa Pa Feb 2Thu PullaiKlpnia Lad onmpany went Into the hands of a receiver today Tn liabilities are 14MOUO < Thu application for receiver As made by George f Officers trustee anti 1 E Anderson who act forth in Ibo bill Urn Ibo defendant company com-pany Is I Indebted to Orlio m 3013OJO 1 mud that Anderson holds 100 offered olla It ol-la capital stock at the par Value 100 Tbullakllltlcaaro Placed lu tho bill a 1400003 lu the firm of uonmlerolal Il per 01 tilts 55IOJO tuiturui In February lb9l A large part ha been endorsed by President Scbwalz wad was recently mrlokeu with piraiyil There obligations I and eudordtuieuta l are bat iu Hilt Ijike Plliiliuri Now YOlk slid oudou Over 500JJ worth 01 paper went to pole 1ooruary Itt for nooocceptanoo and U013PAMOUt Tno Company Jl slatoJ la I uuable 10 Most orreoow Its oblljitlonii and suite would bo brought by the creditors causing levies lo bo mane upon iSIW 000 Worth ot valuable properly the couorn employs olerki Arid skilled men to the number of IOU many of whom bal have rights mewl prefer oue ta In Ibo nuielB 1 rekldeulbcbwurtz I also Ibo sole ierof the Pennsylvania Bruclllng company at Hull It ike Utah As tbe 110101 thaba two caUlanlo ba So com tifilled 10 boy load lvor and lold ores III nil parts of tile Will and throughout Mexico I Trials ores are imalluj In Uthil still refined at Ibo lead works stationed I ou the Pan Handle railway Mine consignments of ore must bo bought torso much Spot oaihnud ibis Docenlaln al aU lmo the signature of the president to notes wllb which the business the two companies wa carried on As It was Impossible for the company com-pany to go ahead In Its work wlt cuwrt In the present odllon aDd with nu head t Ibo concern It was ordered that tirj receivers be oppjlut ad And transact the necoisary bull DataThe The court named Messri Grleooiu and AuUeraon aj receivers and direct od them to give bond In the Bum ol J1000UU Juslpiovloui to filing the bill the company confessed judamoll to Ulb sai to tlUktoss tombe hlll Iho amount ot 04924303 wblb with the attorneys ojmmiBdlou added wako iti1923SX0 |
