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Show WANTS SUGAR FIRM DECLARED BANKRUPT PCA rELLO, Idaho. March 20 Attorney At-torney Thomas Ramage, representing the stockholders of the Preston Sugnr company. Saturday morning, filed petition pe-tition asking that the company be declared de-clared bankrupt In the United State district court. Spokesmen for the company declare thai this petition will result In the protection pro-tection of creditors and stockholders of the company, and that the action v i- taken at the jreaUest of stockholders stockhold-ers in order that the attempted trant.-, far St receiv er's sale yesterday in Pres-j ton of the company's property may be1 nullified, and that it maj be possible! for farmers, creditors and stockholders stockhold-ers of the company to determine their rights In an equitable manner. The petition asserts that the firet two named of the following would-be purchasers at the receiver's sale, a. M. Gbuid, of Sealtle, E. a. Nlckerson and' A B Gray of San Francisco, are Indebted In-debted to the Preston company fori $1.97,300 In stock Issued to themselves without any adequate consideration. |