Show I I RECEIVER ASKED FOR A PORTLAND TRUST COMPANY Portland Ore July 10 The The First Trust company of ot Portland closed ita doors today end and asked for tor the appoint appoint- mont ment of at a receiver The refusal of ot the I state tato commissioner of corporations to I Issue it a a. permit under a new law that requires trust companies to have havo aaI aa an capital of Is said to have been the cause of ot the tho company's decision to liquid liquidate ate Officials stated that trustees trustee ap appointed appointed ap- ap pointed by tho the stockholders were now winding up the tha company's affairs They said creditors rs would be paid In full tun The company compan was formed with a a. capItal cap cap- ital of or which subsequently was reduced to As a result of ot tho the reduction It was unable under the new law to continue in business |