Show traders insurance company of chicago in the hands of a receiver one of the larget F re insurance compan es of the west fails be baue of ser ous losses sus tamed as result of san francisco disaster chicago byron L smith president of the northern trust company ot this city was on saturday appointed receiver for the traders insurance company by judge julian mack in the circuit court of cook county the company is one of the largest fire insurance companies in the west and its distress Is due to the heavy losses it sustained in the san fran cisco fire the amount of which was stated in the application for the re beiver to be approximately 3 it was stated in the application that the assets of the company will not ex aeed in addition to this the company Is indebted for fire losses and upon other claims to an amount aggregating all of these losses are unpaid the application for the receiver was made in behalf of fifteen ers including john A king clarence buckingham charles L hutchinson abram poole william and george sturges all of them wealthy men the order appointing mr smith re beiver also restrains the company from doing business in illinois until after the termination of the receiver ship mr smith s bonds were fixed at 2 |