Show CON WAGON SEEKS CREDIT I F EXTENSION SALT LAKE Feb Depressed 17 17 Depressed financial conditions felt among fernS tann tanners ers during the tile last 5 lear ear car his s caused the Consolidated Wagon Machine 5 company to be bo placed in a a situation weere creditors creditor of ot the th company hate base been asked to extend their claim claim- Local bankers banker and creditors Interested interS Inter- Inter Interested S ested dated and who are arc acquainted with Uh ss t i te e facts have hav been asked to con consent ent to the appointing of ot a 0 committee committe to 10 ad- ad administer administer ad minister the th affairs oi of the company until the th situation clears up The corn com committee com selected elected consists of oC LaCa ette Hanchett president Utah Po Poe Power tr er oS 5 Light company Stephen St phen H 11 Lo Loc Lote c gen gen- general eral cen-eral eral sales manager of oC the Utah Idaho Utah Sugar company Burton F Peek sice Ice president John Deere company S The Th company has approximately 5 In assets of ot which are in notes accounts and anti mer mar merchandise chandise 10 The liabilities nrc are approximately 2 2 It Is believed that the liquidation of ot assets 1 requiring time Urno and patience nce I should b be accomplished without loss to tor tor r creditors A liquidation plan pros Id- Id Iding Inn id-Inn ing for e equitable payment ot of all cenTs ae rs will still be and presented tc to to creditors b the committee as soon loon as possible Co 0 |