Receiver Wanted for Brunt Pottery

Want Receiver for Brunt Pottery.

Alice, Alma and Myrle Cartwright and Sarah and Harry Deidrick, who allege they own $27,000 of the $100,000 capital stock of the William Brunt Pottery Co., went into court at Lisbon and secured a temporary injunction against William and Adaline Brunt, Belle Green, Hattie Maxwell, Alice Way, Harry Brunt and Edna Isham, the remaining stockholders of the organization. The petition alleges that the pottery has been operated constantly for a period of years, but for 15 years no dividends have been paid. It is alleged that William Brunt, the manager, has not managed the business properly and that in the past three years he has borrowed $65,000 in the name of the company. The petitioners state that tools, machinery and material from the plant have been sold without their knowledge and consent, that book accounts amounting to $10,000 are being collected by him and applied to the payment of his salary and the salaries of the present office force. The petitioners ask that a receiver be appointed and that on the hearing of the case he be ordered to sell the property, collect the outstanding accounts and pay the bona fide debtors out of the funds thus received. The plant is to be turned over to the receiver and the books, records and accounts placed in his hands for auditing.

The filing of the petition caused no end of sensation, as it was not generally believed the stockholders were at odds concerning the business. The Brunt pottery is one of the oldest in the East Liverpool district and was operated for many years. It has suffered several disastrous fires, but has always been rebuilt and operated. The action of the court is awaited with interest by all those in touch with the situation.