Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-05-04
ANOTHER RECEIVER
FER Idaho SHELTER
Spokane Man Declares idaho suit
Was TO Keep Certain Stock
holders in Control.

Il Spokane, Wash, May 4--A Starke
Oliver of Spokane has been appointed
temporary receiver of the Idaho Smell
y ing & Refining company. The order
was made by Judge E. H. Sullivan In
I Spokane county superior court, al the
instance OF e. NJ. Ferguson Of Aiinne-
apolis who alleged in his complaint n.
4 that the officers of the company VIII
not protect it's interests IN the recety-
ership proceedings In Idaho, where, in
the Bonner court, John Mocine was APP
pointed receiver some time ago at tho.
instance Of Thomas L.. Gre@nough OF
& Missoula, Mont, and W. d. Gireenough
OF Spokane. Mr.. Oliver has been IN
slrncted to take into his possession the
company's books and records and hold
i them pending further orders.
Mr. Ferguson alleges in his COM
plant that the idaho Smelling & Re-
fining company is insolvent and incap-
able Of paying its debts. its liabilities
being given at 100000 and its assets
figured at not to exceed sat, 900. lie
shows that r.. l.. Greenough. managing
director Of The company, who is charged
I with the management of its btisirS.3ss
affairs and w d. Greenough, Its vice
president, have begun suit against the
company in the district court of. Idaho,
and have caused the appointment OF
John Nicotine as receiver Moctna IS
alleged TO be now and during the last
several years the confidential agent ana
employe of the Greenough brothers.
Ferguson further shows the court that
the stock book. minute book ana AL
other books of account and records OF
\ the Idaho Smelling & Refining company
have been taken out of the state 81
washington and are not accessible TO
inspection by the stockholders or cree
ditors within this state.
OFFICERS ARE SERVED.
The officers Of the company have been
ordered by Judge Sullivan to turn over
to the temporary receiver the minute
book, stock book and all other accounts
and records. Subpoelas commanding
them to appear before Judge J. D. Hin
!; lkle and bring the required books ana
records We're served on I. L. ana w.
y u. Greenough and John Moclne in Spo-
kane by William f. Wood, q constable
The original suit of which the pro
ceeding in the Spokane county superior
court is an outgrowth WAS begun by
n. Il. and w, p. Greenough In tn dis
8trict court of Boomers Ferry, Bonner
county, idaho for the appointment of
receiver, alleging niismana cement of
: the affairs of the Idaho Smelling and
Refining company by it's president, ]. n
Herbert Anderson. and declaring the
company ins6lvent In an Intervening
petition that the company is not in-
solvent. The interviewer says that u.
the shelter had not been Shut down
I by order of the Greenoughs It could be
run at a net profit OF not less than
coo a, month.
Mr.. Murphy charges that the chief
object or the Greenoughs in closing the
plant was for the purpose of having the
property forced to j. sale by judicial
proceedings and buying it In. He de-.
clares 1T was their intention TO deprive
the remaining stockholders of all their
rights and that the Greenoughs forced
the receipership for the purpose OF pre-
venting the sale OF the company's
4 bonds, discrediting the financial stand-
Ing of!5the company and to create the
Il impression that its srilelter plant was
i1npracticabIe and a. failure.