The record-union., 1894-03-08
THE ". R. STRONG FRUIT COMPANY.
1t Finally Concludes TOGO Through
Insolvency.
Harassed by MultitudInous Suits. the
Directors Become Weary of
the Struggle.

After striving in vain for more than a
year and a half to stand off it's creditors
In the hope that it might be able to real
lze on its assets and meet all it's obliga-
tlons IN full, the w. r. Strong Company
has finally succumbed.
Yesterday its petition in voluntary in
solvency was filed in the Superior Court
by It's attorney, Albert NJ. johnson. This
course was determined upon by the di-
rectors at a meeting held few days since,
when series of resolutions were adopted,
setting forth that the company had found
Itself lnsolvent and unable to meet its
obligations as they mature; that it is en-
barrassed by suits pending in the Su-
perior Courts of Riverside, Los Angeles
and Sacramento Counties, and other suits
in Justices Courts; that attachments have
been issued in some of the said causes,
and levied upon property asserted TO be-
long to the company, and other attach
ments are sought to De levied upon the
nursery stock formerly belonging to the
company, but transferred hitherto to Nj.
n. Williamson; that complications are
likely to ensue by reason of the said pro-
ceedlngS and the present condition of the
company; that the company is largely in
debted, ana owes many creditors who
have not brought suit; that it is the desire
of the corporation that its creditors
should be treated alike, and that no
preference should be accorded any; that
Tor that purpose it is necessary that the
company take advantage of the Insolvent
Act for the purpose OF protecting its cred
ltors generally. and of securing an equit-
able distribution of its assets among all
OF its creditors.
THE DEBTS AND LIABILITIES
OF the company aggregate S145, ,2lS 81, dis
trlbuted among about 3ZS creditors resid-
ing in various parts OF the State, princi-
pally in the southern portion. The heav-
lest creditors are Robert Adams, foreman
OF the ranch at Acampo, 81, ,533 %; estate
OF George Hearst, San Francisco, 81. 1893 %;
G. b. Strong 81 Co.. Sacramento, s., ,354 2l:
Il. j. Gregory, trustee, 81, 800; johnson,
johnson u Johnson, 81 800; Sugar Pine
Door and Lumber Company, Grant Pass,
Or, 81, los %; Mrs. LeYina A. Platt, Sac
ramento, Sl.705 II; Albert NJ. Johnson,
Sacramento, $2, 500; J. Iyancovich d Co.,
San Francisco, 81, ,759 20; II. s. Crocker q
Jones, Moore's Station, Sl,943 sc; Miss
Abbie Mathes, San Diego. 81 $50; Towle
Bros. Il Co.. Towles, 81, ,629 81; Farmers
and Mechanics Bank, Los Angeles, So
079 80; Fresno Loan and Savings Bank,
$2. 14S 50; E. T. Dickinson, France. ST.
676 80; Weinstock, Lubin Il Co., 81, ,046 10;
NJ. E. Gillett, Florida, $l,772 OF; b. K.
Crocker. Sacramento. $4,000; Levina a.
Platt, 5,l64 Of; Julia Z. Penoyer, s., ,070;
w. r.. Lett, Riverside, 81, ,435 30; Occi-
dental Building and Loan Association,
$S6l4 3S; Pacific Baptist Theological
Union, s., ,295 5S.
CREDITORS SECURED.
The heaviest creditor, B. r. Crocker,
whose claim is $4,000, in secured by a
mortgage on the Hospital ranch. The
other creditors who are secured are George
Hearst estate. E. ]. Gregory. Il. S.
Crocker d Co., Levina a. PIatt, Julia Z.
Penoyer, w. Z. Lett. Occidental Building
and Loan Association. Pacific Baptist
Union.
THE CoMPANY's ASSETS.
The real estate consists of lis acres,
known as the Hospital ranch, valued at
$4,000, mortgaged for $780, ,000 real estate
in the State Of Indiana, valued at $3.50; lot
at Front and streets, valued at $I5, 900,
mortgaged for $4,000; Tract No. 50,
Orange Vale Colony, valued at $500,
lnOrtgaged for 1900; one-eighth interest
in Good Luck and Comet mines, Eureka
County, Nevada, valued at S400; interest
on lease of property in Butte County and
personal property thereon, $4,000, mort
gagged Tor $4,9O0; buildings Capital
Nursery Yard, 5000; 30 shares capital
stock Acampo Orchard Company, valued
at Sl3, 200 most of stock pledged to credit
orsl; personal property on Hospital
ranch, valued at 1000; interest in con-
tract with NJ. n. Williamson. valued at
$4,000; book accounts, bills receivable
and promissory notes, aggregating S36,
7S5 75, valued at $500.
An order of adjudication has been made
in the Superior Court and Sheriff O'Neil
placed in charge of the company's prop
erty. Judge Catlin has made an order
that all the creditors appear before him
on Friday, the 25th of May, at 1:3O P. NJ,
to prove their debts and choose one or
more assignees of the estate.