Inter-Mountain Republican | 1906-11-10 | Page 15 | Rich Cafe is Closed

RICH CAfE IS CLOSED Concern Has Lost in the Last Five Months The Rich Refreshment company compan which commenced business Juno 13 13 In the thc b basement of the Walker an er bank ank building was yesterday placed Into nto the bands of or Frank Godbe who was vas appointed receiver by Judge Charles harles W. W Morse of or the Third district court ourt Action was brought blought a against the ic company b by Frederick W. W Franis FranCi Fran- Fran Ci cis is L and Charles Challes W. W who own wn 2416 J 1 C shares shards of or the capital l lof of f the com company pan Thu complaint alleges alleges al- al leges that since the company f started In n business It has lost 53 and andIs ands Is s losing monc money rapidly The property rt It t is stated Is likely to be bo attached and nd a serious loss sustained unless a a. receiver be appointed George N N. Lawrence the pre president of f the comI company py f entered its appearance appearance appear appear- ance in the ca case e and agreed to the appointment o of Frank F.-ank Godbe as the receiver Godbe filed his oath and the he board boar of directors of or the company waived the order to place him him under bonds Concern Is Solvent Soh The company was Incorporated June 6 G. I 1906 06 under the laws pf I the state slate of Utah It was capitalized for 2000 20 00 The comp company n has expended over for Cor furnishings and supplies Since June 13 1901 It has lost lust 4 The assets of or the thc company compan are a lease for tor five years on cm the premIses premises prem press now occupied and anti 1841 expended cx- cx on Oil Improvements and fixtures The Tho lease Is valued at The suit Is a friendly one and andas was as ma made e by agreement of the various stockholders In order to wind up the business and anti avoid further loss Of or orthe the capitalization of or the stockholders stockholders stock stock- holders have paid In In cash The liabilities are about so that the company Is entirely solvent The co cafe fe was closed Wednesday Ye night and the receiver recel will endeavor to dispose of the property as soon as possible Although the of the thc restaurant was short it had attained quite a vogue ogue as a place for tor small theatre after parties