The Birmingham age-herald., 1915-06-01
BIRMINGHAM TRUST
 IS NAMED RECEIVER
 FOR STEE[E-SM|TH
Meeting of All Creditors Will Be Held in
 Five Days
TRUSTEE WILL
 THEN BE CHOSEN
Fifty-Seven Suits Against as Many Insurance Companies of World h. stituted by Assignee as Result of
 Inability to Reach Agreement


 At a meeting of creditors held yesterday peiore Judge D. H. Dryer, referee ;n
 bankruptcy the appointment of the Bir-
 mingham Trust and Saving company as
 receiver for the Steele Smith Dry Goods
 company was unanimously agreed upon. The Steee-Smith company was thrown
 into involuntary bankruptcy last Saturday
 and under the law five days must elapse before the concern can be adjudicated
 bankrupt. It is stated that just as soon as this time has elapsed meeting of all the creditors will be called at the office
 of Judge Dryer at which time a trustee
 will be elected by the creditors. The trustee, when elected, will ssume
 entire charge of all the business of the concern, including the 57 suits filed in rhe city court by Arthur Hawxhurst of Illi-
 nois as assignee for the Steele-Smith com pany. The name of the trustee will be
 substituted in lieu of that of the assignee and the suits will be prosecuted by him. They are directed against leading insur- ance companies and aggregate about S250,- 00O
 An assignment of all the assets of the Steele-Smith company to Arthur Hawx- hurst was filed in the probate court, turn ing over to him the good will of the con- cern and including all accounts, salvage, insurance policies and other assets. Tho insurance policies, $271, ,5S0 134, from which there is a depreciation of $lS,57s leaving
 a balance of $258,Ool. The suits against the insurance com panies were filed by Tillman, Bradley & Morrow, and followed failure between the representatives of Steele-Smith com pany and the insurance companies to reach an adjustment of the loss. The ale gations in each of the 57 suits are idensi- cal with the exception of amounts and
 names of the policies. and are directed against companies of the United States.
 England. Germany and other foreign coun- | tries.
 | The fire insurance companies include the | following: | Germania Fire Insurance company l of New York. Peoples National Fire Insurance
 company of Philadelphia. Virginia Fire and Marine Insurance
 company of Richmond. Va. Scottish Union and National Insur- apce company. Citizens Fire Insurance company. Svea Fire and Life Insurance com
 pary limited, of Gothenberg, Sweden. Continental Insurance company of New York, and Fidelity PheniX Fire Insurance company of New York The Alliance Insurance company. German Fire Insurance company of Peoria, III. Aetna Insurance company. Orient Insurance company of Hart ford, Conn. The Pennsylvania Fire Insure nee
 company of Philadelphia.
 St. Paul Fire and Marine Insurance
 company. St. Paul, Minn. Dixie Fire Insurance company of Greensboro, N. Y Hartford Fire Insurance company of Hartford, Conn Sun Insurance office of London. Providence Washington 1nsura nee company, Providence, R. I. City of New York Insurance com pany. Insurance Company of North Amer ica, Philadelphia Caledonian Insurance company. Security Insurance company of New Haven. Conn. Milwaukee Mechanics Insurance con- pany of Milwaukee, Wis. Queen Insurance company of Amer ica, New York. Fire Association of Philadelphia. Home Insurance company. Phoenix Insurance company of Hart ford, Conn. The Corporation of the Royal Exchange Assurance of London. England. F'iremaRs Fund Insurance company of San Francisco. Atlas Assurance company, limited. The Western Assurance company of Toronto, Canada. German American Insurance company of New York. German Alliance Insurance company of New York. The North River Insurance company Of the city of New York. The British American Insurance com pany.
 company. Colonial Fire Underwriters of Hartford Conn. The Girard Fire and Marine Insurance