Ingalls glass plant passes into hand of receiver

INGALLS GLASS PLANT

Passes Into Hands of One of the

Former Creditors.

A report of receiver’s sale and also warranty deeds conveying the property of the Wagner-Davis glass com­pany of Ingalls, to John A. Ridgeway, of Indianapolis, were filed with the county recorder at Anderson yester­day.

According to the report of the receiver of the company, Charles C. Britton, Mr. Ridgeway offered $15,000 for the property and his bid was the only one received. The decree of court, approving of the sale by the re­ceiver and directing that Mr. Ridgway's [sic] Ridgeway's bid be accepted, was made by Judge Remster in the Marion circuit court, Indianapolis. It also ap­pears that the sale was approved July 1.

The report of the proceedings as filed shows that Mr. Ridgway [sic] Ridgeway was en­dorser on $20,000 of notes by the Wagner-Davis company.

The warranty deed executed by Mr. Britton, receiver, in favor of Mr. Ridgway [sic] Ridgeway conveys three lots in Ingalls, the lots bring occupied by the Wagner-Davis company’s factory. It is not explained in the report of the re­ceiver's sale as to what Mr. Ridgway [sic] Ridgeway will do with the property.

The Wagner-Davis factory is the principal industry at Ingalls.