The San Francisco call., 1907-06-13
GOLDEN CATE CRACKER
COMPANY IS BANKRUPT
Market Street Furniture
Concern Is Also Forced
to Quit Business

Two large sized schedules in insol-
vency were filed yesterday in the Unit
ed States district court. that OF the
land for $1o6.2ss. and that of the Mum
roe furniture company of this city for
$I16so.
The creditors of the cracker company
fled a petition about two weeks ago
asking that the company be declared an
Involuntary insolvent. The court SO or
dered. and yesterday the company fled
It's schedule of debts and assets. signed
by its president. Hart Baechtel. The
total debts are sf0e.2ss. and the assets
s120.545. All the debts are unsecured
The following is a list OF creditors for
the largest amounts:
Security bank and trust company OF
Oakland, four promissory notes made
by the bankrupt. s1e.s5s; Oakland box
factory, for boxes. s13,522; c. A. Hutton
& CO., San Francisco. -four. s12.2s1;
Speed changing pulley company Of In
diana polls. Ind, note. $1,000; Schmidt
lithosraphing company of Oakland,
paper, s5.5ss: Central bank. Oakland,
note, S3.O7o; Oakland box factory, note.
81. 2.040: Robert Gair company. Brooklyn.
n. Y. s2,755; Globe grain milling corn-
pany. San Francisco. -four. s1,s57;
Northwestern can company Of Chicago.
tins. s1.s42. Meese. Gottfried & Co., San
Francisco, $1.7s5: Western Union teie-
graph company. Oakland. messages, ST.
645. A. George Schultz & Co.. Milwaukee,
s1.s2:: Thomas l. Green, Indianapolis.
machinery. s1.525; James Henneberry,
Oakland. s1.273; Frank k Mott 8 Co.,
Oakland. $1,21s; Stanley electric COM
pany. s1,227; J. Morrill, & Co.. Oakland.
1900: L. Schepp & Co.. New York, co.
coanuts. s1.os2: Phoenix milling COM
pany. Sacramento. -four. s1.055; Zeller-
bach & Sons, San Francisco, paper. ST.
0os; American can company. San Fran
cisco, ss7s: Andrew Brown & Co. Oak
land. seS2: Britain & Co. Oakland,
1910; Tillmann & Bendel. San Fran
cisco. ss77: Oakland paper company,
Oakland. s744.
The assets OF the company are as fol-
lows: Lease OF ground at Chase and
New streets Oakland. for 10 years at
$500 per annum for the first FIVE years
and $3.50 for the. second five years;
building on the same, s21,24S: personal
property, sse,2so things in action, s1s,-
563; cash on hand in Security bank, and
trust company. Oakland. 3s.845, cash
on hand in First national bank OF Oak
land, ss.9s7. Total assets. $120.545.
There is no property on the exempt
list
The Golden Gate cracker company
was organized less than q year ago,
Charles r. Smith of Alameda, formerly
connected with the American biscuit
company of San Francisco, being the
principal promoter of the concern. The
conpanyfs plant, which is classed as an
excellent one. is located at Cedar and
Taylor streets in West Oakland Most
of the stock in the firm is owned by
Oakland men, The plant employed
About 125 persons, but this number
was cut down recently
j.. P. Edof, who Is acting as receiver
of the company, attributes the failure
OF the concern to poor management,
lack of capital and the present unset
tied conditions In the labor and busi-
ness world He says that the company
has about 135 creditors, scattered
throughout the United States. Steps
may be taken to reorganize the COM
pany with other capital. and 1t is prob
able that a ma jority of those now In
terested in the corporation will retire.
The Munroe furniture company. com
posed of Sol z. and Sam Levi, at 1922
Market street, San Francisco, filed their
petition yesterday They owe S11,6e0
and have $7.eo7 assets The heaviest
creditor Is the San Francisco national
bank, money loaned on promissory note,
$500: Morris Karski & Levy, one
months rent, $3.50. The stock in trade
is valued at $4,000
Frank H. Catherwood OF Arcata, a
drug clerk. also filed a petition. He
owes 1853 and has no assets