The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1911-10-25
APPLICATION
FOR. RECEIVER
Creditors of Ackenhausen & Co.
Leading Yakima Avenue Jew
elers Apply Monday

Application was made in the SUI
perior court about $3.50 p. m. for tho
appointment of a receiver for Acken-
nausen and Co, the Yakima avenue
jewellers. to, application having beer
filed at the request of creditors to the
amount of about $4,000, agains,
which there are said to be assets o.
only $4,000, the plaintiff being the
Alphonse Judis Co. Hearing of the
motion will be set for Oct 81. There
are twenty-one creditors scattered al
over the country, most of them being
San Francisco manufacturers and Job.
bers, whose pressing of their accounts
resulted in the filing of the applica-
ton for the appointment of re-
ceiver in order to protect all who haC
claims against the company. Marion
L. Mayer is in the city representing
the creditors from Frisco.
The Creditors
The creditors are as follows AL
phonse Judis Company, Eisenstadt
Manufacturing Company, Joseph l.
Herzog & Co., Nathan-Dohrmanr
Company, Schloss- Croker, Edward B
Lewis Burr, w. Freer Co., A. l. Hawn
& Son, all of San Francisco Moore &
Son, Newark, N. j.; Ketcham & Nc.
Dougall, New York City; Watson &
Newell Company, Attleboro, Mass.
julius H. Brauer, Chicago; A. Whit
naur Company, New York City; Irv-
ing Boam Company New York City;
Reed & Barton, New York City; M
A. Mead & Company, Chicago; Deni-
son Manufacturing Company, South
Pennington, Mass; Albert Albrecht
Newark, New Jersey; Towie Manufac.
turing Company, Newburyport, New
York; r. Wallace & Sons Manufac.
turing Company, Wallingford, CT.
Redwing Advertising Company, Red.
wing, Mimi.
Affidavit Creditors Attorney
The AFFIDAVIT of C. E. Udell, one OF
the attorneys for the plaintiffs il
quite lengthy and declares that the
entire stock, fixtures and assets OF
said defendants do not exceed in val.
ue the sum of $12, 900, and adds thai
the partnership, consisting of FREQ
Ackenhausen and j. p. Kersting, also
has assets outside the retail business
consisting of real estate located il
Yakima county, the value of which
does not exceed $4,000 it having beer
decided to one of the local banks ii
place of a mortgage to secure an in.
debtedness of the defendants in the
sum of $4,000 So, according t.
Of VII Ia tnta a
aggregate more than $4,000. The
affidavit adds that the defendants are
indebted to various parties, firms ant
corporations throughout the United
States in a sum exceeding $4,000.
Hopelcssly Insolvent
In the opinion of the affiiant, the
individual partners composing the
firm are hopelessly insolvent and I'M
able to pay their just debts as they
become due in the course of business
that the past Indebtedness against the
co-parters exceeds the sum of $685.
600; that there are now three action:
pending against the defendants in th'
superior court; that creditors of sait
partnership in the amount of $500
are about to bring actions at law
against the liue 'iic 80
curing of judgments upon this in
debtedness will be useless Formally
that the business of said defendants
as conducted at the present time II
conducted at loss, and has been 81
conducted since its beginning
1t is declared in the affidavit tina
the defendant partnership has here
tofore temporarily settled large
amount of past due Indebtedness by
executing promissory notes and near
ly all of these notes are past du'
and there is large amount OF con
d stantly accruing interest At times
it is stated the business has not takeI
4 in sufficient money to pay the rent OF
the rooms in which the same is con
Quoted
Partners at Enmity
1t is alleged that the partners are
at enmity with each other, one o
them, j. P. Kersting having aband
d oned the business, being now engaged
as travelling salesman. 1t is ais,
4 declared the partnership conducted {
reduced price sale, using the proceeds
in Settling interest due, but not IL
the reduction of any of the general in
teDteQneSS OF the Hrlf, anu tndl tnt
defendants are now disposing of thei
assets at reduced prices and will con
tinue to do so greatly to the detri
ment of all the creditors, and of al
interested.
Business OverdOne
The affidavit declares that the jew
elry business in North Yakima /!
greatly overdone and that the defend
ants will not be able to liquidate theil
Indebtedness through reduced prize
sales because of other 1ewefry firm
also conducting such sales here. Thu
said partnership business has beef
heretofore grossly mismanaged. anC
unnecessary amounts of money have
been spent injudiciously in advertising
and installing fixtures in the business
that are wholly incommensurate witt
its needs. 1t is declared that to con
tinue the business longer will resul
4 in depicting the assets of the defend
ants.