The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-04-23
OLIVER IS APPOINTED
RECEIVER
SPOKANE MAN TO TAKE CHARGE
OF AFFAIRS OF PANHAN
DIE SHELTER.

Spokane, April ga. Starke Oliver
of Spokane has been appointed tenn
porary receiver of the Idaho Smelling
and Refining cofpany, The order was
made by Judge E. H. sullivan in Spo-
kane county superior court, at the in
stance of E. NJ. Ferguson of Mime
apols, who alleged in his complaint
that the officers of the company will
not protect its interests in the re-
ownership proceedings in Idaho, where,
in the Bonner court, John Mocine
was appointed receiver some time ago
at the instance of Thomas l., Green
ough of Missoula, Mont, and w. D.
Greenough of Spokane. Mr. oliver
has been instructed to take into his
possession the company's books and
records and hold them pending further
orders.
Mr.. Ferguson alleges in his COM
plant that the Idaho Smelling & Re-
filming company is insolvent and in
capable of paying it's debts, its liabil-
tiles being given at 100000 and its as
sets figured at not to exceed $3.50, 900
He shows that 7. l.. Greenough
managing director of the company
who is charged with the management
of it's business affairs, and w. D.
Greenough, its vice president have be-
gun suit against the company in the
district court of Idaho, and have
caused the appointment of Mocine
Mocine is alleged to be now and dur
| ing the last several years the conf
| dental agent and employee of the
| Greenough brothers. Ferguson further
shows the court that the stock book
minute book and all other books 81
account and records of the Idaho
! smelling & Refining company have
been taken out of the state of Wash
ington and are not accessible to in
| spection by the stockholders OF credi'
tors within this state
| The officers of the company have
| been ordered by Judge sullivan t.
| turn over to the temporary receiver
the minute book, stock book and al
| other accounts and records. Sub
penas commanding them to appea
before Judge j. D. Hinkle and bring
the required books and records Wer'
| served on 7. L. and w. d. Green
ough and John Mocine in SPOKANE
April II, by William F. Wood, con
| stable.
The original suit of which the pro
ceeding in the Spokane county su
| perior court is an outgrOWth was be
gun by r. L. and w. d. Greenougl
in the district court of Bonner
Ferry, Bonner county, Idaho, for tn
the appointment of a receiver, alleg
ing mismanagement of the affairs o
the Idaho Smelling & Refining com
pany by its president j. Herbert An
derson, and declaring the compan,
insolvent. In an intervening petition
filed in the Idaho case by w. A. Muir
ply, a stockholder, it is alleged tina
the company is not insOlvent The in
tervenor says that if thes melter ha
Greenoughs it could be run at a ne
=, profit of not less than $4,000 a month
Mr.. Murphy charges that the chic
object of the Greenoughs in closin
the plant was for the purpose of hay
ing the property forced to a sale b
judicial proceedings and buying it il
He declares it was their intention
deprive the remaining stockholders {
all their rights and that the Greer
oughs forced the receivership for tn
purpose of preventing the sale of tn
company's bonds, dscrediting the f
nancial standing of the company an
to create the impression that il
smelter plant was impracticable and
failure.