Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-12-30
PROVO LETTER.
Business Difficulties In Court - As.
slgnmenis.-Budget of
Other News.


Spfeidt correspondence ~ ne Neiff.
Provo, Dec. s9.-rhe case OF w. II.
King ct nj. w. NJ. L.. Todd, ct al. has
been attracting considerable attention
OF late In legal circles. The plaintiffs
are stockholders and creditora OF the
Provo City Lumber company and the
defendants are stockholders and rs.
rignees Of the same company, reorgan-
ized. Tho plaintiffs charge the de-
PENDANT stockholders with fraud In
bringing about the assignment, and In
purchasing from the assignee over
$4,000 worth Of property for 81 800.
This, Of course, is denied by the dc.
PENDANTS. During Judge Blackburn's
absence, Judge Zane made an order
temporarily restraining defendants
from disposlng OF any Of the property
involved or C, Getting any OF the &C.
counts. Judge Blackburn has been
hearing testimony IN the case
for two days. Today he made
q ruling diasolvlng the temporary 70.
sirsinipg order made by Judge Zane,
and appointed Il. A. Wedgwood TO.
ceiver, to take possession OF the notes
and accounts, and TO collect same, and
to relieve Judge Saxey, the assignee.
At the same time the court exoncrRted
Judge Saxey from any completely IN
u scheme to dofraud creditors and
stockholders.
The stockholders OF the Provo West
Cooperative Institution, which Us.
eigned IN favor OF its creditors some ten
months aimee, held meeting today. A
report was received from Assignee
Weigewood, showing that all the
property had been disposed OF for over
$4,000, and TINT the preferred creditors
bad been allowed 30 p0r cent Of their
claims, and the unpreierred creditors
40 per cent Of their claims. The board
OF directors made n report reviewing
briefly the history OF the institution,
and setting forth the influences which
caused the assignment. Since the or.
ganiERtion OF the institution In 1865, the
original stockholders have received
three dollars In dividends for every
speculation, a fire, failure OF other
business houses and general depression
OF business after the boom were given
as the principal reasons OF tho assign
ment.
Iron, steel and wood work, samples
OF what the students OF the Agricultur-
ai College OF Logan can do, are being
exhibited ut the Court House.
Road Supervisor Haws has n force
OF men Mt work on grade for the new
iron bridge which In to span Provo
river northwest Of the city.
Tho board OF education meet today
at the Tlmpsnogus school house to
receive that building from the con.
tractors.
The Provo fire laddies give their
annual ball ut the Opera House on
Friday night.
Prest. VI. II. Cluff arrived in the
city from Skull Valley ON Tuesday
evening, and departed the next morn
ing for Salt Lake on business. He II
expected back today. He Is greatly
grleved over thu sudden death OF his
son Alfred OF diphtheria on Christmas.
d. ID. Hanks and @. w. Buchanan
have asked the county court to be
allowed the exclusive privilege OF
setting mile posts on Utah county
roads. The matter is under considera.
ton.
Tho mayor OF 5pringville has notified
tho county court that no taxes will be
paid the county on city property. The
matter was referred to the attorney.
The citizens Of Pleasant Grove have
decided that they will not levy 2 per
cent tax to complete their school
house, but prefer rather to bond.
George T. Peay Is considering the
advlsability OF bringing $4,000
damage suit against salt Lake county.
Mr.. Peay owns large tract Of land on
the shores OF Utah lake, which he
claims has been greatly damaged by
the overflow OF the lake, said overflow
alleged TO have been caused through
the damming OF the waters OF Jordan
river by Salt Lake county. It's the
same old Jordan dam problem.