New-York tribune., 1910-02-03
RECEIVER NAMED
PACKING co. TIED UP
Trouble Said To Be Tenn por@y
and Due to Banks Failure.

Judge LaaninE. in the United States Cir
crit Court IN New jersey. appointed Henry
ra Eax late YESTERDAY afternoon receiver
oP the propert- q the Mexican NauoEial
Packing Conapery. IN a suit instituted by
So T7-,+,sh and Mexican Trust Limited, O.
london against the packing COMPANY
hsres IN the ter,poraT- embarrassment Of
+he 7s+4s- Ex-Governor John " GriGss
ar1esred as counsel fcC he complainant
TIE psckins company operates a nun-
,,.- - slaughter houses IL Mexico under
concessions fran the Mexican government.
= hss an exclusive concession Until I'D
for the slauzhterils Of cattle in the ciS
Of Mexico ard ether valuable PTopertT a-1~
franchises.
Is czpttal Is 900 Mexican, and 1t
has q bonded debt secured b. mortgage q
about 81 59.ooa and floating oee1 g
saout SsooQG1a, o. which, however OIL
aao-t <soaOe9 Is 6Ee.
Us assets and cclce55ions are sai1 - .
ls-ze.~ IL excess OF That amount ALS
lords stock and debts are he'd n-@i-l-| IL
r7zfana. The British and Mexican i Us
-rac1,rea The receiver az the hoidsr Q
about 6 4,a oa0 Of tie bonds, approzl-z-ale4y
ards q the stock ard g the owner
Of Ssa- saa e .catiEE debts
samuel Lnterrnyer. who as counsel repre-
xe--s "a English bankers and other n
v-ezss-z II TIE property, made tlie fo-i9H lils
sratemert with respect - TIE Fees- = 7i--'.
-rs zppoirtraent Of q rece!Esr tcr ne
Mexican National PACKING Soll-+1--if -
Due u the temporary J!--Ls -s - = -f,vo--7F
s-ro7l-7- u The ctna parr's r6soE1 S@s t--+oLz-
1fe suspension OF ne Ltl-ts- $50 - - "a,
a. f-0T-7-sr7- Of Mexico City me Ht
Tfon bet7-esr re packing coIllPsEiE a4lo
-ha 7aF7L- a -te time OF I3e @-S.5e-l--1-- -
= @ 9a--[' - inward q S53o.G25 solG 20
is sre5;t IN rhs United staleS HeH=-.-ls
.-7r~,Ts~- q the tine CI tRs pa1A s1s-
pslSieo- - -,.,,,,,- ,-yr77-sr7x,s
-----z7fsr= resources and the uncertainty
> . ne possible acton IEa. mig o
<sl-z- - 70 -fe zopolnL--s11- OF :, CeceITer
= -, $50 -he assets until z settled course
rg- Z pursued. T1e coIaPenS cchIl-.Les
F-zac5eS. cuId stores and shops are, as
- -7l,.=r-a5ri-z their volume and supply
5r7E usorIe Of Mexico with Lhe3r meat Prod
rlcLs and il : not 6&pecJed t!lsL these cp-
z-z- Arrangements we're uIile- way II
Erg.zn6 Io- furnishing the company WIN
large amount o. aoclLlgz1at g zZ- -
-5-rle G -le suspension Of the BANK Lhese
-s-raEgensprs wil prccse1 without inter
--Iz-zcE-
re applca-ion for the appointment or
re -eceirer -zs supported h- the Erlslsh
--,-zrests representinE 8 per cent OF the
-onSs o-sr tvzo-LhI-ds Of The STOCK ana
fte BULK Of -le floating debt
--e failure Of the United States BANKING
ralapz-y. IL Tie City q Mexico. occurred
r-- Tz-.sz--r IS. and z-zs said AZ rhe tine
- he due = IRE eZ-enston q tee large
--z q credit 20 rss Mexican National
Packing C-o---ranv he latter vas organ
+-zf ~ John V. DeEav. WHO = is presi-
Han. president - tbs United States
RANKING Co-pan-. vas close business
ssso=acs CT II. Deka--. and vas interest
eE -5-z him = rlls financing q ---e Pack~
frs earpzav t-e-r It's beginning.
II -,sEa- began his business career as
-7lr-zshz- II Z small va- = 9 hlceTcoc,
7 a1z thea organized ths Back HIS
Cz---s Ccmpauy.- = South DakoCs- fsT
ears Zere- he moved e Texas -hs-e he
--zz-.z4d ire North American Bes1 Con-
oz---. ard after 2 while crossed ne border
f--o Mexico Here Is E.et many ---ueI-
-.el --e.. among rh=n government ofz=c3s-s,
z-s before Lor= organized LLe United S-z-ss
rs.g5-z cszapzry. which Tss tzco-pcTet-
= N-e- Te-ss- i 1872 saE secured many
-z--z1-z concessions, among them e1eI-p-
--c2 cf -z--cls -zXeS. The name q tHe
----uz--~ SIS changed in October. 1915. q
- --=zs-- z-ylz c< re Mexican He--o1al
Packing Cc-2z-5
CzEz- Ezs teer successful = rlac-
~ --s bonds O. Lis COMPANY y -c1dc1s
s7ssz d. zc- 60 s. vel = th-s c--E- --te-est
~ cls ccu-pznv.s boGGs : ps-a-5ie At he
cEce = rae Empire Trust Company. -eEeT
-c-k. zzz a 1Le oEcs of the important
liking -oIse q Gi-1, lIillz. CU-Tis & Ce-,
enSez II. DeEzy Is chairman of the
H1z-6 IS veil Is president and I-s VICE
r-z----zr az5 tae second viee-pEesident are
Eo1zo-s-z EL--z- 2. Steele ald DelsZa1
= Eo-9sex. -of This city we're for-z,erl-
z---rzs re directors.