Show I BIG TELEPHONE E COMPANY I IN FINANCIAL STRAITS Ness Ness' York Ft-b Ft Fb el 1 12 Time Thc The United States Independent ent Telephone compan company com coma pan pany a 1 holding corporation of or New cw cwI Jersey with Hh an amm authorized capital of au timid and no 10 o assets accor according to t ono of or th the stock and bondholders has lias been or ordered rc by y Vice Chancellor Howel How How- ell eli el to show cau cause c In Jn Newark next Tuesday o. o Wh why it I should not be lie e declared insolvent anti and a receiver er appointed The company has hns no president rime Tho vice president ld nt Is James N. N of Rochester W. W Ho Hoy htoy of oC the tue tw same city Is time the th secretary and treasurer treas treas- ut ln and Adolph olph Busch Dusch of ot St. St t. t Louis Lous hea heads H th time the list of 24 2 directors Tho Thu main office of oC the time company compan Is In iii Rochester James Jumel M M. E. E OGrady u of Rochester who owns 28 8 bon bonds s of the time company compan of the par value of or each and 11 1 shares of time the stock of the time company of the par value of or each brought tin tilL action He says the com company pan is utterly utter utter- I iy ly and hopelessly Insolvent without any lons lions assets and liabilities in tho the mull mil milons mi- mi |