| Show JOY THEN BORROW FOR CREDITORS OF A BOOTH CO Chicago Nov JS Official mimi legating I tho affairs of tifA ofA A Booth Co first spread Joy anil aim ii I sorrow mio among a tins credit creditors ors anti and at itt tho close clo of ut the lay clay then was still considerable uncertainty about till the proposed plan him Ii of reorganization The jubilation was caused by Ill a de decree alec cree of tile thu Central Trust company to turn ovir to W 1 which the thu National Hank Bank nt ut Philadelphia laud had tied thaI up iii In li court attachment proceedings That sum would have havo swelled thai tho assets of om the tho In Insolvent solvent concern Hut the good newn was soon offset by 1 an from a court Jn iii Oregon that duo of cut a mm subsidiary would F have to tu bo be paid Pi lii before that thin t court would recognize tile the rights lights of Qi Chal Chalmers mers illers That means the creditors me ace only ahead rite Tho Oregon ultimatum was re received 5 by the committee Or f bankers m tie session at the of K hi A president ot of the Corn Nn Nu bank Time claim in tIme tho Oregon court CLift I l principally for wages duo tu fishermen Attorneys for the Booths may marty contest that courts stand on oi the ground that the receiver has prior lights and I should be treated tho same a lit other creditors decision wits was regard eel cli as a big victory for thin thu creditors When the petition in bankruptcy urns wai flied filed on mm Sept 10 the Booths had about on deposit in the Central Trust mid the Philadelphia hank of It lt through 4 attachment proceedings As the was appointed that afternoon and l thc I attachment was wait not lIeu filed until JaU Judge Kohlsaat decided It w f m ro y V ya Va a question ot of priority |
