Show 1 L R STEEL CO 1 HAS NEW NAME 1 1 II Heads of Stockholders I Trust Hope to Save I Large Assets After Atter a year ear of ot troublesome fl- fl fi- fi financial entanglement the tha 1 L I K R Steel corporation fn n which many inny I Ogden people hold stock has In- In Incorporated Incorporated in incorporated at Do Dover Doser or Delaware j with an authorized capital of ot 7 according to an art article 1 which appeared in the Buffalo I I Commercial a newspaper ne of or Buffa Butta- Buffalo l b lo N Y T on March 8 19 1324 24 The I article articles of incorporation were tiled filed at Do Dover Doser or March Starch S 8 a the name j 1 or of th corporation Is now Steels Steel's Con Consolidated Ino no The article i elates that one veal year ago the Steel enterprises were thrown n Into receivership and with with- within Ith- Ith in III t two weeks followed the death of at L R H Steel on a a train near Toledo I M hereupon It was as aa reported r ported that I 26 6 in subscriptions to the enormous Steel financial structure went ent ent an SM be beyond and recall as the late Mr Steel elt t I Further urther the article sas sav s 1 I The I of the Steel companies accomplished by theL theL the L R It Steel stockholders tee commit commit commit- committee tee with Walter 1 N 7 as Its guiding light is i today hailed ax as a aI a I I business miracle on all sides aides The Steel stockholders stockholders committee committee I I des de developed eloped In the stockholders pro pro- teethe e C trust I I The total of ot the protective c trust I i fund today toda consisting con l or of cash on of r hand In Buffalo and Toronto cred- cred Ito credIto s claims purchased Installments Install Install- I I meats ments i and ana assets pur- pur pur I cha chased ed 11 ii In tho the receivership proceed- proceed lags amounts to The fund represents the subscriptions subscription to the protective trust of ot 2500 stockholders In the Steel enter enter- I I I Officials ot of the trust pointed j 1 out that when the companies are ar finally taken oser 0 er and discharged discharge ConI from recen receivership In Steels Steel's Con Con- I will ill ill start business with a iclean clean slate and no merchandise bills bill I 0 owing Ing as a result of ot the th B lithe inthe of et c all creditors claims In l I the pending proceedings Besides the Incorporation of ot the thet thi t new company compan the trust association also closed the assignment of or the i second mortgage on the Mary Lin- Lin coin Cand Candy company compan factory In 1 I Buffalo Burtalo This puts the trust asso- asso elation In a position to operate the e facton and chain of ot candy stores |