Show JEWELRY M MAN I IN rT T Tw w V M I McConahay Admits In Insolvency Insolvency solvency and anil Receiver Is Promptly Named LATTER LATER IS V P HISKEY Total Indebtedness About The Assets ore arc Problematical Hard by Ir Creditors The creditors of ot tho the Jewelry company tiled filed led n a petition petton this morning In 11 the tho United States court ask asking askIng ing that the firm be bo declared bankrupt that a U I receiver bo ho appointed Me Mc through trough his attorney W V 11 fl I Immediately filed fed answer admitting the Insolvency of ot the house Judge o Marshall thereupon named V P 1 as Os receiver Mr J key in Is also receiver of ot tho lAce Loco house and 1 the tho Ihl proceedings In lii II the Iho two cases CIes were Almost Identical I Thin The fh petition of or tho tO who arc represented b flo th leo Lee Ritchie rots foith the he following claims chums R H 1 Wallace nace and Sons Semis SOlS Waln ton tOi Conn Coun i r rm i i Low lo Co 10 New NewYork York I or ant 8 Hayden W V Wheeler Co New York rl Osborne Newark N col J S W 5 Douglas Newark N NJ Nh J h r I 2200 I I O ci CoI Co Ce Now York rk Total dIal 7 o i This ThIl tumble able represents the tho greater por Ilot portion tion of oC tho lie total indebtedness It J Is In Innot not ton expected that lint the tho fIgures will wi be he bl beyond Mr Ir 1 started In the Jewelry business about six years yearn ago and amid by b clever closer advertising methods worked up upa l a splendid trade but bitt on 01 a I minor scale wate I he lie took Having a desire de lre to branch out others In hit 1 with him hlll him notably John F l Sharp and the McConahay Jewelry company wits was then hiatt organized was nut UI up to 10 expectations atul the ex cx expenses wal Int Were heavier List Last July Mr Ir desire to withdraw Sharp expressed a 0 1 ami lr bought lila bin hll stock as aswell well as 08 thin the Intel esta 1 of ot small stock stockholders holders anti and has wince sluice MIlCI been going It alone Ho lie wan WOR hard by IY creil cred during 10 the tho holiday Reason but ut managed to stem stein Alel the tite tide until today tOil II when the Iha eastern Jewelry firms finns Inns named netlon took tonk legal The h receiver will swill wi take tako charge Imme Immediately upon filing his hi bond |