| Show MULLETT GOS PLANS Receiver SIl 1 bergen button to time he J 1 W Edmond receiver for th the finn or of Uco Oeo Mullet I o 0 hall baa a I comprehensive of tIM the at af fairs or of tile the company compan and sent nt It to the creditors TIle The hit or of ta aust and lIa as determined b by the CI Is III as follow tollow I A I Cash on hand lInd 0 IU 1 Cash In bank 9 Accounts receivable 11 Merchandise a per Inventory U Pt Furniture and nd fixture l ibm ud end wagon afOn Total 0 01 Accounts payable NJ nine payable bla It stock sod I 41 7 is TUII n Total 1419 In or at UM lb tar latin amount of cash which bin bIa hand Mr lr says 8 that a George Mullet hallet 6 Company Compan were re hoidn boldi a special sat I or of Winter Inter good during durla Jan JaD 11 ii IS 12 and II 11 1 uN that th WI sale was a one that time company had bad reason to 0 belle that It If It deposited tile the proceeds MCI of 01 thi sale In tile the they would be tn LI the of 00 one liabIlity warn maturing about that time but a atha ath tha th company had a lamps number of other which had bad then ma matured it II regarded reu ed the or of orthe the funds fund In this manner all a an aa act ot of bankruptcy and to tile the inter tar tarol eats ol at all creditors equally It destiNed to apply for tor a receIver aad turn tuna the ot of the sale over to him tat at the receiver 11 was appointed b by the court courton on 00 Jan 13 1055 that he found tI Ill cub cash cubon cashon on hand to be a ahoy above slated mind Md that he I la now holding earns In ID trust for tor the Mr Cr Edmond says that the profits for tor last year were ere and b be the showing gratifying Id and Re H gives ve bl his opinIon that the Inter interests or of all iii wili be best beat by closing the tim receivership at all am ONly early date lie He strongly putting UN the company into bank ban I Itral and suggests ta in vIe view of Ute the to lA that the lb Utah TraM I 8 1 n have In the tim institution t through ha having n guaranteed payment pama t of at t the Urn Um K I Crane bought boucht out th the Kul Mullet and nd Davis interests that a i be made mad wIth sow officers of be I bank In the directory He believe that I Sith h this thle new the corn com pany Iny can go on to success and amid say 1 I the ro following change tim III the directorate I is r 1 A KlaN lad dt dent M 4 W Crane Cran vie president J I IW Jw W Edmond secretary an I general 1 PI II 11 Welts Well th the lIh it h W Mont to act as a b of if It if this plan I a eat t If MT r suggests utI that Ih the accept Hots tea payable In thre In eli 11 n 1 mun th and ii 18 t S per cent liy 14 so 0 doIng h he pays a the oom pIm II will III discount all cli future and nd that tile the cash now on hand with I of time the hair alo will bo suf aut autI fur tor that purpose I Mr tIll lis approval of tb plan and amid asha that each creditor live liv it d and nd forward lit hi opinion |
