Show WESTERN LOAN CO S CONDITION A receiver has been asked for the western loan and savings company as well as an accounting of all funds in the hands of the company in a suit that has been filed in the district court by isaac frost frost charges mismanagement in the business and says that he as a stockholder has been deprived of his share in the profits of the company he asserts that in 1898 he acquired seven shares of stock in the company and jias paid the purchase palco for the same some of the officers he asserts are using the funds of the company to their own advantage in a statement made acy P W madsen president ot me company he asserts that there is practically no basis for the action and that the suit hasa been instigated toy persons discharged by the company for unfaithful service mr madsen declares that about a month ago the state bank examiner made a thorough investigation of the books of the company and reported the same in excellent shape and tho business of the firm solvent at a meeting of the directors monday a letter was received from mr frost in which he made the charges set up in the bill he was asked to set out in detail the charges and if any irregularities were found they would be corrected this mr madsen says frost has not done instead he filed suit |