The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1921-04-15
NAME RECEIVER C:
!. FOR STORES
$juht in Minot Court Results in With,
drawai Of Official
= Force

drawal Of Official
EARLY CLEANUP NOW PROPOSED
Minot, N. D., April 11.-C. w. Rel
cnert, of Darlington, was today named
receiver for the Consumers United
Stores company by Judge George H:
Moellring in the district court in Mi
not this morning. ,~., .~ -.
When the hearing opened Attorney
E., r. Sinkler of Minot, representing
the farmers who opposed the appoint
ment of w. G. Johnson, presented a
petition on behalf Of his clients ask
ing that Reichert be appointed. "
Attorney E. B. Goss, representing
the stores company, advised the court
that in view of the situation created
by the position taken by the farmers,
johnson desires to be relieved of his
duties, and the appointment of Rel
ebert would not be opposed. :.
An intimation that stores had been
turned over to farmers who had fur
nished the company with accommo-
dation notes or cash few days be-
tore the receivership proceedings were
begun permitting some of those farm
ers who had been the backbone of the
Nonpartisan league to get out from
under, developed when Halvor L. Hal
vorson of Minot, representing the
State Bank of Oriska, a creditor, asked
the court if the turning over of the
stores to farmers would not reduce
the assets of the company.
More than 10000 farmers contribut-
ed $100 each or an amount aggregat-
ing more than $1,000,0O0 when the
company was organized: The farmers
ARE forgetting about that and letting
it co. in the carrying out OF, the pol
icy OF turning tpe stores over to farm
.ars to be operated as cooperative en-
terprises, H. G. Link of Larimore stat
ed after the hearing. - i,.,,-....y. -. ,
The store at Larimore was turned
over to the farmers a few days be-
fore the receivership petition was
dled. It seems apparent from the at
titude OF the farmers that the affairs
of the company are to be wound. up
as quickly as: ,possible. %
II R. w Frazier Of Crosby, who vas
one OF the laading figures on the
farmers side of the controversy, stat
ed after the hearing that, the deter.
mined fight made by the farmers in
this instance was an indication that
I'VE farmers are going to run our
own enterprises in the future" Il
"The men who have been handling
the affairs OF this company have
made q failure of it so far and we
want someone put in there who will
save what is left Of the concern" r.
w. Frazier Of Crosby declared. He
charged Brinton, johnson and others
who have had charge Of the company
with the responsibility Of the COM
pany's present condition. ~2
"The farmers Of North Dakota have
lost confidence in those fellows and
we want some one in there who can
win back the confidence Of the men
who financed the Consumers United
stores Company" Frazier concluded.
When the name Of Axel strom was
mentioned, II hgyaldson, president
!sof the, First, National Bank Of Fes-
,senden, crsditor,5 inferred that strom
had been connected with the company
but two months but had resigned on
request Frazier replied that if strom
was not satisfactory the farmers
would undoubtedly be willing for some
other man to be appointed but awea
don't want any Of those fellows who
have been running this company he
added. l5 .$gl Il
n sstS sls sum palds ~ oroanlxers Is
sss u, u. s.PeteFsoln, ofs Bisbae, formss3
state senaaS 81 and rtiiominent leasner,
furnished the co'ir. vii b the stnforma-
ation that $23. had been raised IN
cash for the store Y he represents. or
that amodintt i the ! farm mers themselves
raised 5000 so that the organizers
sent out BY the head Office Of the
s,toresa company had raised 81, 900 in
cash yet 10000 ef that amount was
paid ont in commissioners s51 ID i L
III u & IL is why: we farmers charged
the present officers Of, the company