Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-04-10
RECEIVERS APPOINTED
FOR CREENHUT COMPANY
Involuntary Petition in bankruptcy
Also Filled In Separate Pro-
Ceedings.
BUSINESS is TO BIS CONTINUED
Counsel Says Liabilities Aggregate
S3,513,060 and Assets 81 .i85, 4 10.
Creditors Estimate: Liabilities,
$4,000, 900; Assets. $4,000, 900.

$4,000, 900; Assets. SG.0oo,OOo.
NEW YORK. April 9.--The !. Il.
with $4,000 geo outstanding securi-
ties, operating two department. stores
on Sixth Avenue. this city, went into
rcceivcrship to-day through friendly
proceedings y few moments later an
iuvoluntary petition III bankruptcy
was filed In separate proceedings by
three creditors. with claims totalins
$4,000.
The Arms liabilities according to
its counsel. aggregate S3.5iS, odo. and
its assets. S7.4G5,4l9. These figures 40
not include two mortgages amounting
TO S2.95O,oc0. which aye secured by real
estate bonds Another estimate OF as
sets and liabilities is given In me petit
tion OF the three creditors. which
places liabilities n about $1,000 oOo,
And the assets at about 100000. Adj
Worse business conditions and inability
to meet pressing obligations were as
agncd as reasons for seeking = re-
Ownership. The business Will he con
tnued.
,sThe receivcrsh,p was asked by the
Monmouth Securities Company. and the
defendant consented 10 the appoint
nient. Walter G Moves and William
y. Marble were named as receivers
uhder bonds OF 100000
The J. b. Greenhut Co. had an an
tRoriHcd and outstanding capital stock
OF SG,0oo.oo0 and Z bond issue Of S.
o0n 600 sinking fund gold per cent
gold bonds. Under provisions OF the
bond issue. $4,000 worth OF the
-, L..
The Central Trust Company ot New
York is trustee.
TWO CORPORATE CHANGES
SINCE INCoRPORATIoN
Two corporate changes have been
= made since incorporation OF the orig
ipai firm. Greenhut Il Co, November
-, 1910 The hrst occurred wheI.
Greenhut x Co. was consolidated w:rk
the S!egel-Cooper Co. under the name
OF Greenhut- egcl- Cooper Co In May
OF las; year ,he Arm name was
changed 70 the !. i. Greeahu; Co. J.
By G7eenhut is is president
The department. store conducted by
toe company, long known as the
Stegel -Ccope- store, occupies hc;h
biocks Or S.xth avenue, between Ei=h-
-ssrth and Nineteenth Streets. Asses
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REF'usIToI,s w!1zDRI-u
SAVINGS FROM BANk
II. :. G-e.,lu, q rerdgci.5
81 - BAN To- III, sp1ye,-...s. =.
- aus.u.ae-t i Ds-er..s, .t.g., NV
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ser-el - w-,ar-lv :-au tu. ulrE5,r
4 'tt.est and tnT- ru -I;erec, O. d.
s'aEts wound 70. pad ati.r li.ua~,
-as a., Gzet r., 20 .rr. Il,
T-;t.crl1-si fruu tt. banking ,,y..
s-.st y Is -LG'-r 1lls CAV. dtpvs.-
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oi@T@l ,as: ~ E-'t''t themselves - ),
J. withdraw -:..t slTl,rs
: ~ 'u!Hu,=t afie' aplo. miner, o.
:;he rtryir.-s ii .Ivclu,-Gry ,.,.-.o-
q naatr-gtry vas fled aEalns. -i.
y rTuIErE PSI tir-s creditors v-.,
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1eEsc ma - c-inparys lusets 81.
elusive q: real .sla,s e 20, .~r.ed