The Birmingham age-herald., 1903-07-18
MANY SUITS FILED BY THE CREDITORS Want Southern Car & Foundry
 Co. Declared Bankrupt PETITION TO U. s. COURT Appointment of Receiver Was Made By Judge Kirkpatrick in United
 States Circuit Court at
 Trenton, N. J.
PETITION TO U. s. COURT

Robert s. Armstrong G Brother, Du- Bose Brothers Iron Co.,. and Hoffman & DuBose of Birmingham, all of whom are creditors of the Southern Car and Foun- dry company filed a joint petition yes terday, asking Judge Thomas G. Jones of the United States Circuit court to ad- judge the Southern Car and Foundry company a bankrupt and appoint a re- ceiver in bankruptcy to take charge of the assets of the company in this juris- diction. The amount of their claims is $1562. fl, with accrued interest.
 The attorneys who filed the petition are W. T. Hill and Rudolph and Huddleston. and they expected to appear before Judge Jones in Montgomery and get the re- ceiver appointed.
 This action will, 1t is said, unquestion- ably be fought by the attachment credi- tors, and the receiver appointed by Judge Fitzpatrick in New Jersey.
 As stated yesterday the first creditor to get out an attachment was the Nirst National bank of this city. The proceed ing was taken in the state courts on note for s9OO00. Immediately following their action. attachment proceedings ag- gregating more than S90000 were begun in the same court and levies made on the Gadsden plant and other property of the company.
 The first official statements from Tren- ton concerning the appointment of a re- ceiver and the troubles of the car com pany were sent out in the following As- sociated Press dispatches last night:
 Appointment of Receiver.
 Trenton, N. J., July 17.-Judge Kirk patrick in the United States Circuit courc today appointed Thomas A. Gillespie of West Orange, N. J receiver for the Southern Car and Foundry company, a New Jersey corporation with plants at Gadsden and Anniston, Ala, and Memphis and Lenoir, Tenn. The liabilities consist of about $2S00, GOO of floating debt. The company has no bonded indebtedness. The assets consist of $50o,000, the value of the plants, and sl0O,OOo bills receivable. There are also about $l,SO0,000 of material and supplies, the bulk of which has been pledged for loans and warehouse receipts given to cover the same. Among the lia- bilities are s500,000 due on the purchase price of the Annston plant and S325, 900 due on notes to the Standard Steel Car company of Pennsylvania upon whose ap- plication the receiver was appointed. The remaining liabilities are made up almost exclusively of notes. Application will be made at once for the appointment of an- cillary receivers In those states in which the company's property is located in or der to prevent the taking out of attach ments. In addition to the appointment of a receiver. Judge Patrick made an order restraining the company from doing busi- ness The company was incorporated with a capital of 0OOOO. and of the stock of the company $7650O0 worth is owned by the Standard Steel Car company.
 Number of Suits Filed.
 Chattanooga, Tenn, July 17.--A number of creditors have brought suit against the Southern Car and Foundry company, which has plants in Gadsden, Anniston and Birmingham, in Alabama, and in Memphis and Lenoir City, in Tennessee. The First National bank of Birmingham was the first to take action against the company on an alleged indebtedness of twenty thousand dollars. It secured an attachment against the plant at Gads- den, placing it in the hands of the sher- iff Immediately following this action creditors located at Gadsden brought suits and other attachments were issued against the plant in that city.
 Today the Roane Iron company of this city attached the funds belonging to the company in the Chattanooga National bank
 The company Is the largest manufac- turer of railroad cars in the south and has been doing a tremendous business running the plants on full time at the places mentioned No explanation has been made in regard to the suits, but the company claims that 1t was not fnan- cially embarrassed.