The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-08-21
Foreclosure ceedfn r 8
Against Topeka Gas Concern.
Dissolved Federal Receivership
i'm Court of Appeals.
INDEBTEDNESS OF 4 MILLION
Central Trust Company of New
York Brings Action.
i. G.. Treleaven VIII Handle
Local Business in Topeka.

Almost simultaneously Thursday aft
ernoon in the circuit court OF Appeals
at st. Louis Judges Hook and smith
dissolved the federal receivership OF the
Kansas Natural Gas company. direct
ing the property of that concern be put
into the control OF the Kansas receN-
crs, while in the United States district
court at Red Oak, Ia. Judge Smith
Mcpherson named a receiver for the
Topeka subsidiary company Wnlch -
called the Consumers Light, Heat ana
Power company.
Consumers company on a million dol
lar mortgage were commenced mere
late yesterday in the United states dls-
trict court by the Central Trust COM
pany of New York. l.. G. Treleaven'
manager Of the concern, was immed1-
ately named receiver by Judge Nc
Pherson. notice being received by him
last night. Payments covering interest
on bonds, due January ! and July l.
amounting to 100000 are in default.
That the release of the property OF
the Kansas Natural Gas company to
the state receivers. including 100000
of funds which will be available Tor
obtaining more gas. means an 1mmeol-
ate development of new gas supplies
for Kansas consumption. Is the asser-
ton of John H. Atwood, attorney Tor
the Kansas receivers. AS the Difficult
ties OF the Topeka company arose from
the fact that the gas supply as fur-
nished by the Natural Gas company
was insufficient to permit the Con-
sumers' company, as distributor in To-
peka, to furnish its patrons gas on a
profit paying basis, it looks as though
the present situation holds the means
OF solution Of the difficulties of both the
local company and the relief of the To-
peka users.
Local FIRMS Finances.
The Consumers Light Heat and
Power company was organized and
admitted to do business in Kansas
June 26, 1905. 1t was organized un-
der the laws Of Delaware and admit
ted as foreign corporation. Its cap
ital was $1,OOO,OO0, fully paid up.
In its annual report filed with
Charles Sessions, secretary Of state.
for the year ending December 81,
1913, the corporation shows: Real
estate and personal property, $2,2O4,-
576.s0; merchandise, $21, cash.
S3O, 154.91; accounts, receivable, 49,
Os5.72: surplus. 9,316.95.
The value of the corporations prop
erty is listed in the report at 81. 2O4,-
1850, upon which the corporation
did a total business in 1913 amounting
10 S105, The depreciation re-
serve is listed in the report at $39,-
271.4o. Accounts payable are given at
$36,50S.S1.
Officers Of the company are: @.
M, Gunderson, Chicago, president; L.
G. Treleaven, Topeka, secretary, and
E. ]. E. Ward. Chicago, treasurer. Of
fices Of the company in Topeka are
maintained at S24 Kansas avenue.
Dawson in East.
John Dawson, Kansas attorney gen.
eral, is absent in Philadelphia where
ne went this week to confer with the
mortgage boEdholders Of the Kansas
Natural Gas company. His fight ap-
70 ho ouAod & the object
for which Kansas has commended. that
of restoring the property and business
Of the Kansas Natural Gas company to
the control of state receivers from
plished. The fight has lasted for two
years since the state receivers were
named by Judge Flannelly Of Mont
gomery county.
Dissolution at st. Louis.
st. Louis,>Aug. 21.-The federal re-
Ownership of the Kansas Natural Gas
company, which was created in 1912
was dissolved by the terms Of an order
filed in the circuit court of appeals
here Thursday afternoon by Circuit
Judges Hook and Smith.
The circuit judges made more def.
mite an order instructing the federal
receivers to deliver to the Kansas re.
ceivers all the property and moneys
OF the company except taxes, cour,
costs and the lawful liabilities OF the
TeCelveren1p. "A motion TO mandarin:
the United States district Judge fol
Kansas to turn over this property wal
denied.
The receivership was dissolved OF
motion OF the Kansas Pipe Line com
pAny, q subsidiary, which claimed tina
tho dual state and federal receiver
ships had dissipated the property O.
the company.
Kansas City. Aug. 21.-'The flna
chapter in the controversy has beer