The Topeka state journal., 1914-02-26
HE OWES $4,000.
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ment as ordered by the court. The
stock invoiced, on the basis of cost.
amounted to $26.093.72; the furniture
and fixtures, S, 5,66939. The total ap-
praisement of stock. furniture and fix
lures was SIG, 100. -t~ e.
Upon taking charge of the store, the
receiver made an oral demand for all
books, papers, money or property in the
possession of Mr. Badders. He express
ly demanded books showing the min
utes of stockholders and directors
meetings, the stock issued aud out
standing and books used in the blrSf-
ness of the company, showing cash re-
ceived and accounts owing the COM
pany. . r.s:
Would Turn Over Nothing Else.
Badders refused to deliver any money
or property to Clark that was not then
in the store rooms.
Clark found that the only books
Badders turned over at the first, ac-
cording to the report, consisted Of a
ledger containing accounts with
wholesale houses and a few miscella-
neous accounts. In addition to these.
there were certain invoice books
showing stock received and a book
showing Badders' personal account
with the Bank OF Topeka.
Demands Ignored.
Clark then further demanded in
writing that Badders turn over his
books. The receiver claims that the
demand was refused and ignored.
From books turned over to me, it
would appear that there is an indebt-
edness outstanding against the Bad
ders Clothing company in an amount
approximating $SO,O00." Clark then
went on to give a few of the debts
that came to his knowledge shortly
after he became receiver.
The clothing cOmnanv nWod the
Bank of Topeka the sum of $1,000.
To secure this amount, accounts due
the company, approximating $40,
were assigned to the Bank of Topeka,
prior to Clark taking over the receiv-
ership. Clark has recently been in
formed by S. E. Cobb, cashier of the
bank. that $3,965 has been paid on
these accounts up to date and applied
on the debt due the bank.
Payments to the amount of $6S.69
have been made to Clark upon these
accounts and he has been holding the
same in separate fund, abiding an
order from the court.
Wages Due Employees.
Included is an item of wages due
the employees Of the company for the
five days previous to January 80,
amounting to $14O. In the report,
Clark requests Judge Pollock that he
may be authorized to pay in full the
Rent for four months up to January
80 was due at that time. The cloth
ing company paid $500 monthly rent
and $4,000 is still due the association
owning the building.
Among the smaller accounts against
the company is one from the county
treasurer Of Shawnee county for taxes
due in 1913, amounting to $496.14.
In securing possession of the Bad
ders Clothing Co. property and in at
tempting to locate and take possession
of other property, Clark instituted
proceedings In the federal court and
before Judge J. G. Slonecker, referee
in bankruptcy. He has also entered ap-
pearance in the United States court Of
appeals to revise certain orders made
by Judge Pollock in having to do with
the discharge Of his duties as re-
receiver.
Major Harvey in Case.
In concluding the report, Clark
stated that he had appointed as at
torney Major A. NJ. Harvey of Topeka
The expenses incurred up to date as
receiver amounted to $466.17.