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Show the cash on hand to be as aoovo stat- I" ed; and that ho Is now holding same in. trust for the creditors. Mr. Edmonds pays that the profits for last year wore nearly $10,000, ana he considers the showing gratifying and commendable. MULLETT COS. PLANS. . Receiver Edmonds ' Suggests Reorganization Reor-ganization to the Creditors. J. W. Edmonds, receiver for r.ho firm of Geo. Mullett-& Co., has Issued a comprehensive statement of the ar-falrs ar-falrs of the company and sent it to the creditors. The list of assets and liabilities as determined by tho receiver, re-ceiver, is as follows: Assets. Cash on hand 7,984.17 Ca6h hi bank tSD.S Accounts receivable 19,573. Vi Merchandise, as per Inventory Inven-tory , 113,520.84 Furniture and fixtures .... 7,331.S Horse and. wagon 150,00 Total 1148,630.01 Liabilities. Accounts payable $ 56.790.2!) Bills payable 19,000.00 Capital slock Issued Is-sued ., 545,000.00 Surplus .' 27.839.72 72,839.72 Total $148,630.01 In explanation of the large amount of cash which came into his hands, Mr.- Edmonds says that George Mullott &. Company were holding a special sale of winter goods during Jan. 11, 12 and 13, 1909; that the same waa a successful one; that the company had reason to believe that if it deposited de-posited the proceeds of this sale In the bank they would be applied to the liquidation of one liability which was maturing about that Hme; but, as the company had a large number of other liabilities which ha1 been matured, it regarded the application of the funds in this manner as an act of bankruptcy bank-ruptcy and, to conserve the Interests of all creditors equally, it decided to apply for a receiver and turn the proceeds of the sale over to him; that the receiver was appointed by the ' court on Jan. 13, 1909, that he found |