The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-10-10
IOGGERSCAN'T
Receiver Appointed for Mosher
g. Mcdonald.
.tumeER MILL FOLLOWS SUIT.
pispute About Advances OF Capital
Takes Two Firms Into Court
Rardin Wins His Claim.

The weii-knowa Jogging firm OF Moaher
4 Mcdonald. whose property Is valued AT
ca 90 vent into the hands OF a receiver
yesterday afternoon owing 20 internal
1;sseasson. William a. Mcdonald the
res.dent partner OF the firm, made the
spplicatlon through l. e. Gilman and at
rs request 8. 4. Flynn. who has been
manager OF the firm for some time, was
anrointed receiver to wind up the firms
bas.ness az a premiIinaTy TO a dissolu-
ton.
For over Eve years past William A. Nc
ranaId and Alfred Mosher and Alfred
uosher, r.. have been co-partners do
ing business under the firm name of Mo-
sher & Mcdonald. In conducting the
buslnesz, 10 is said in the complaint, a
large amount Of real and personal prop
srty, consisting OF timber lands, contracts
upoa timber lands and the stock OF cor
poratlons and logging camps and logging
ontats mining claims and other proper
~ pertaining 20 the business has been
acquired, the reasonable value OF which
Is $4,000.
BY the terms os the agreement between
the Plaintiff and defendants. who are en-
Gagged in business in Michigan under the
name OF Alfred Mosher * Son, the latter
were 20 furnish money, as might be
necessary for the purchase of property
and the carrying on of the business OF
Mosher & Mcdonald I'm Washington Pur-
saant TO this agreement Alfred Mosher
Son have advanced large gums OF
money amounting to about $35o, 90. In
conducting the business debts have been
contracted amounting 20 $4,000, OF which
1900 is now due and payable. but the
firm OF Mosher & Mcdonald is unable 10
pay without further advances from Mo-
sher e. Son. BY the terms OF the partner
ship Mcdonald demanded the necessary
cash from the Moshers, but they refused
10 make the advances and demanded that
the property OF Mosher e. Mcdonald shall
he so pledged and disposed OF as 10
secure aud satisfy the 10000 already ad-
vanced and certain debts due from AL
fred Mosher' & Son 10 various creditors.
and that such debts be preferred 10 the
general debts as contracted by Aosher
4 Mcdonald.
Continuing the complaint says that the
property OF Mosher & Mcdonald con-
sists Of stock OF par value Of 81 100000 in
the Western Land aud Logging Com
pany, a corporation which owns a large
amount Of timber land i'm Washington.
two logging railroads and other proper
~ related TO logging business which
brings the valuation 20 fully $4,000. Nc
Donald and the Moshers cannot akree as
20 the disposition to be made OF the prop
srty, the latter desiring 1t disposed of so
as 10 secure their advances ana me Tor
mey demanding and desiring that the dis
position shall be such as TO protect and
pay the debts contracted by the FIRM in
Washington. Owing to the disagreement
and tina financial condition OF ths firm,
there is great danger that the creditors
will bring actions and recover judgments,
upon which executions will be issued ard
the properties sold at less than their
actual value and thus be dissipated and
lost 10 the firm. The present financial
depression Is such that the properties
could not be disposed OF adyantageously
At public sale, and this makes IL neces-
sary, In order TO conserve the property
untI the affairs OF the partnership can
be wound NJ and settled that receiver
be appointed. The court was asked 70
appoint s. T. Flynn as receiver. and that
the partnership be dissolved.
After the ni1tter had been presented TO
Judge Langley by l.. c. Gilman an order
was issued appointing Mr.. Flynn receiver
with bonds fxed at so. COO. Later I'm the
afternoon Flynn took tho oath OF Office,
and his bond was filed with r. O. Graves
and n. L. Backus as sureties. Judge
Iahgiey approved the bond.