The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1921-04-22
THE LEAvENWORTH ECHO

ments since December Is, was given,
showing that about S24 900 had been
paid to such creditors. This was Civ
en- because in bankruptcy proceed
lngs, creditors who received money
Within four months of such proceed
lngs must pay back, provided they
knew the company was insolvent at
the time such money was received.
In answer to one of Mr.. Corbin's
urestions, the committee reported
that both Mr.. Bohlke and his wife
Lao given the committee an irrevoc-
able power Of attorney to vote their
stock until all Indebtedness now ex-
listing has been paid off, provided.
however that this power of attorney
shall become void if the affair Of the
company are thrown into receivership
or bankruptcy.
G. \. Nelson, of Cashmere. favored
putting the company into bankruptcy
as that seemed to be the only way to
stlaighten out its affairs He object
ed strenuously TO the manner in
which payments had been made to
growers.
Committee Endorsed.
). +. Beecher moved that the meet
ing endorse the actions of the COM
mlttee and that the committee be in
structed to go ahead.
Judge 5. A. Bostwick, said that he
feared the company's affairs would
go into bankruptcy, though he hoped
not. The best way to conserve the
interests of the creditors, was by a
committee, the next best was BY a re-
ceiver in the state court. the worst
way was by bankruptcy.
He did not believe any Of the as
sIgnments or orders given in favor of
the creditors should be recognized.
but all creditors should be placed on
the same footing.
He did not believe anything could
be recovered on the $4,000 paid TO
creditors within four months, anyway
bankruptcy would endanger the as
sets to a much greater extent than
that.
Name Receiver.
However Judge Bostwick suggest
Cd that all the creditors assign their
claims to the committee, and also eX-
press preference as to who should
be named as receiver in case of a re-
ceivership Of bankruptcy
he passed slips through the audi
ence for the creditors to fill out, most
OF them naming either w A. Doelle
or {. A. Sterling, president and sec
rotary OF the company under the
committees administration.
MI Beecher's motion was carried
only three voting against it out Of
ever $50 present.
How Labor Will Fare.
Attorney Sinner then presented the
committees plan for paying off the
labor. The proposition is to pay
every labor claim up to $500 which is
all that would be allowed in bank
ruptcy. The balance of the $4,000
assigned to pay labor will be appor-
toned among the people now employ
&C by the company on the ranches.
warehouses, etc.
Judge BostWick moved that this ac-
ton be approved. 1t was brought out
IN the discussion that many of the
cid employees Of the company had not
been paid for several months.
Judge BcstWick's motion prevailed
almost unanimously.
Opposes Bankruptcy.
Judge BostWick then moved that
the affairs Of the Bohlke Fruit Co. be
rot thrown into bankruptcy. In sup
| port of this motion he stated that in
his opinion, any lawyer who tried to
| put the company into bankruptcy is
an enemy Of the state.
{. A. Sterling, secretary of the
company, said that more than a mo-
/ ton was required. All the creditors
must assign their claims to the com
mitee, and all preferential assign
l me MS n1IIS1 bp rplpaS sod