Bisbee daily review., 1906-06-12
3rizona Savings & Investment
 l Co. Award Second Cash, :, lnStallment. 0s &'
ORGANIZATION FAILED
 I LATE LAST FAtt.
Many Bisbee Stockholders in
 I Concern Welcome Payment
 l of Money Long Ago Consid- 1 cred Lost for All Time. qas.,. ...

$ It will be pleasing news to many of the people of Bisbee who hold certif-s cates in the Arizona Savings and h. yestment Co. 10 know that a second dividend of ten per cent on the face of their certificates is awaiting them in the hands of Receiver William F. Griffith at Tucson
 This information reached Bisbee yesterday in circular letter from Mir. Griffith to all the local holders of certificates, and states that the mon ey awaits them and will be paid over upon presentation of their certificates for endorsement either to him or to the Southern Arizona Bank and Trust Co. at Tucson. Needless, to say all Bisbees stockholders will be only too glad to send in their certificates.
 The following Is a copy of the letter received Tn Bisbee yesterday:
 Tucson, Arizona, June II, 1906. ITO the Shareholders of the Arizona
 Savings & Investment Co.,:
 AS receiver for the Arizona Say ings & Investment Co.. l am now in structed by order of the court to pay a dividend of ten QO per cent to the stockholders. ,.- = -
 Kindly send me your certificate of stock, so l can endorse the payment of this second dividend thereon, and same will be returned to you with my check for the amount due you under this distribution; or if you prefer, you can send your certificate of stock to the Southern Arizona Bank and Trust Company, of this city, who will attend to the matter for you.
 l& ''Very truly.
 l5 "WM. NJ. GRIFFITH" 1 Receiver for the Arizona Savings and Investment Co. ....,. ! This is the second dividend which 1 has been declared since the Tucson concern issued notice that 1t was iiI- solvent. The first apportionment of | funds on hand came on March s, last, | and was for 20 per cent. of the amount represented in the holdings of stock.
 The organization became .defunct, 1 so far as the writing of future buSi: Eess was concerned, late last fall, 1 and there has been no attempt on the part of the company to continue loans. ! Eut rather they have been calling al, 1 loans as soon as they have fallen due,
 as weitsas realizing as best they could
 on the sale of such real estate as feli into their hands. by ,forfeiture and
 non ncompiiance with the terms of their l lean contracts by stockholders! jh' | Among the heaviest Stockholders
 in Bisbee are Joseph ~Muheim~ and -Jo
 seph Muirhead, the former owner ot | the magnificent Brewery building in
 Brewery Gulch,, and the latter a for. l mer mayor of the city shd owner
 of the Castle Rock lodging house and
 much other. .Bisbee ,pFoperty.I5 ,lr,s 1 .... It is thought bT. many of the tBisbel l contingent that they will yet receive much more money in the shape of div i idends from the Tucson savings and 1 loanLcencern, all, of which aSilEscbe thankfully appreciated.,s .,sg.,a,.s ,s.fs.s.7ssc: l One Of the unfortunate. phases ot the failure of the. organization. lies il the fact that. MT MuiThead' had but l about two or; three weeks left ;if wticl
 to finish the full payment of his l stock, when he would have been eu titled to receive. cash from the con l cern. He now loses all that. and ha: 1 but little assurance that he will eve, 1 Eet the greater part Of, it c"-s.:' ft N 1 s'S-s.% tLE-L-lL------ -.lGo --iiE -tLnat SHiltn' 1 o,REluYTosN Nkcoina. oDa'.'i'f'7
 .7'1 9'a; "t.S1 tsoN'ASsEssMENT
 Count 7 lAssessdr' B, Jro'Feilly;r95tt
 w Brophy;S presidefe of the Bisbee
 Naco Water Coz left yesterdaS fol
 Naec. where togethe JthayF WfffSSgc
 over the plant Of the Water iCofnfany
 for the purpose of iftfrnfshingh o Reilly 1 data for IIbysh asElaS&rsfer,ft S m sS aarne Q