Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1915-03-21
Bankruptcy Proceedings at
End, Re organization Is
Effected.
LOCAL STORE HAS
CAPITAL OF $35, 900
Au Former Employees Of Establish
r,cnt Here Ar" TO BE Given Old
Positions, and tbomt -, Others
tdlcd tD FCrcr.

Froug, Smulian K Co. proDrctors
of stores in Pine Bluff. Little Rock
and Oklahoma towns, for which con
cern receiver in bankruptcy was ap
pointed January 4. Of the present
year, was discharged from Bankrupt
cy yesterday morning by Judge Jacob
Trieber OF the United States court at
Little Rock.
Conciden! with tho announcement
of the action of the court came tine
announcement that the stores OF the
company will reopen April under Il
re organization and incorporation.
Each CT the stores will be owned and
operated by y separate company, the
FrouG store here being operated
with capital stock of $50, Ooo, all paid
H. and the Leader store at Little
Rock having capital stock &C $4,000.
also all paid in.
It was announced last night that
Mcssrs. A. Frone OF the Leader and
h. Froug Of the Froug store here have
Eastern markets, 10 make purchases
of stock. They will hardly return
TO this section III less than three
weeks. but their purchases will be
rushed to the stores by fast freight
and express.
viii Use Larger Force.
In the meantime. II was announced
the former employees OF the sevet2l
stores will again bc einnlcyed. pre-
pairing the stores for the opening. In
the Pine bluff store. it was stat|d, the
force CT employees will be augmented
The management of the Prong store
here will take a course even more
progressive than it maintained in the
past, and expects to need an increased
force to handle the business that an
advertising department, now being Or
ganized with Fred X. Freeman of AL
bany, Ca. ir charge, will bring tt
the store. Mr.. Freeman will reach
Pine Bluff Wednesday, to start his
new duties
The failure Of IFroug, Smulian
Co. in January last was brought about
by business depression in Oklahoma
and not by conditions in Arkansas
according TO members of the company
The company owned vast extents Of
real estate, large stock farms, arc
several stores in Oklahoma. and in
ability to realize upon any of it's as
sets, except at great sacrifice, COM
PEELED the company to enter the bank.
ruptcy court.
Buying Power Good.
Since that time, members of the
company have been arranging the at
fairs of the company, and the an
nouncement yesterday tf the reorgan
ization, with the same componen
parts, was the, result of thSse en-
deavors. Under the new plan, eacf
of the stores will be operated indie
pendently, although by Joint actor
in making purchases, the stores viii
be able to get the better treatmen
and lowers prices from the manufac
turers and importers.
The Froug store, during the severa
years it has been operated in PIN
Bluff, occupied prominent position
in the commercial activities of thu
city. That the store will be reopenet
April was news received will
pleasure here yesterday, not only be
cause of the popularity of the owners
the store and the staff of salespeo2le
but because it indicates plainly tina
the so-called hard times" are not be
ing experienced to any great extent il
| Arkansas