Electric Porcelain & Mfg. Company in receivership
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[Newspaper] Publication: The Fort Wayne Weekly Sentinel Fort Wayne, IN, United States |
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RECEIVER ASKED FOR
It is Alleged that the Electric Porcelain & Manufacturing Co. is Insolvent.
Hannah Brian and Jonathan Coxon, of Trenton, creditors of the Electric Porcelain and Manufacturing Company, made application today for the appointment of a receiver for the company. The bill sets forth that the capital stock of the concern is $50,000, divided into shares of $25 each. Hannah Brian claims to own 410 shares of stock, and to her the company owes 2,641.14, while Mr. Coxon owns 308 shares, to whom the company owes $3,377.42. The Eureka Flint and Spar Company it is shown has commenced suit for $236.08, on two promissory notes against the Electric Company, as has William H. Baker in the sum of $100 for goods sold and work done. The complainants state that the liabilities of the Electric concern amount to over $15,000, with resources over real estate at $8,000, with real estate at $6,500. The company is ordered to show cause on October 12 why injunction should not issue and a receiver be appointed. James J. Cahill appears for the complainants.
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