The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1911-11-08
RECEIvERSH|P
APPLICATION
For CONCERN
Lot Owner Demands Accounting
Of Affairs Of Capital City
Investment Company

Application for receivership for
the Capital city Investment company
was made in district court today by
Charles Anders, a former agent OF
the concern, on his own behalf of
purchasers Of lots in Capital addi-
ton
The offices Of the company are
said u have been abandoned, and 1t
is asserted in the petition that the
purchasers Cf let's have recently taii-
ed TO find anyone to take their mon
ey that the managers OF the COM
pany are not keeping an office and
that the designated banks are relus-
ing To accept payments The peti.
ticner urges the danger OF complete
loss by lot purchasers of all money
paid II they are not permitted to close
up the affairs al once Otherwise
the land will so back to the original
owners il is said The petition was
filed by Attorney Brown
A. } Kline and j. L. Stanley. the
principal managers of the company,
are understood t0 be in Oklahoma
City Aside from the affairs OF this
company they are involved in uou.
bic over a land deal in tae Panhandle
country, both being under sentence
for fraudulent use Of the mails.
Origin on the Concern.
On March 6. 1909, Kline Stanley
snd Marie Douglas bought OF c. IL.
Schrutchfield a parcel ct land south
md west Cf the city: on the same day
another tract was bought from Fur
man Upham. At about the same
time lot was purchased from Crank
Dale. The Dale purchase however,
IS not on record. Tae purchases
were made under an agreement that
Kline and stanley were to plat the
land, induce immigration. and sell
lots over the country They named
The tract the Capital Addition and
employed agents to go all over the
country A large number of sales
We're reported The purchase price
10 the former owners was to De paid
$ proceeds from the sale OF lots
as they came in. Title was to be made
10 purchasers Of lots at any time they
desired to pay in full
Ut ls claimed by Anders that a Plat
OF the addition was not filed In lieu
Of a plat Mr.. Brown files copies of
me Advertising of the concern. show
ing the addition laid out in streets.
alleys and parks An incomplete
map Of Guthrie and "birdseye' view
81 the city are included in the ad.
hrtising on file.
Holdings Transferred.
Kline, Stanley and Douglass trans.
lerred their holdings tc the Capital
City Investment company. chartereS
april ~, 1909, the day the territory
ol Oklahoma was twenty years old
Andels sets up that he was en-.
p!oyed last January to sell lofe and
that he Went in the field and sold
lots, but that the investment compa1y
scd It's doors He had Il claim or
'h3l fer Which he very recently
'btained Judgment in the county
court He svers that the company
mas NOT sufficient property at this
time to satisfy Judgment.
An accounting is demanded from
ocl Htchileld Upham and Dale. II
IS clalmed large amounts Of money
aaye been paid to them from fbe
SAFES Of lets in the addition. Anders
asks mat they be forced To make y
showing as to the amounts which
ll1Ye been paid them He claims
Ihat many purchasers of lots have not
9aid IN full because the company
eloaed It's offices and because the