The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1921-04-22
B0HLkE CREDITORS ARE
OPPOSED TO BANKRUPTCY
Vote TO Continue Committee TO Avoid
Bankruptcy. and to Pay Labor
Claims.

World. Creditors of the Rob1,a
Fruit Company listened to reno,t Of
the committee which has taken ovar
the company's affairs. and voted al
most unanimously to keep the affair
out OF bankruptcy and to continue the
committee IN power, at meeting
held In tne Wcnatchee Commercial
CIub rooms Saturday afternoon.
An attempt viii be made to secure
an assignment from every creditor
anc to have all assignments of the in
surance money cancelled by those in
whose favor they We're made. so that
the committee may be free TO 90
ahead and realize on the companV's
assets 10 the best ADVANTAGE
Nhlle there was q disposition on
me part or few of the creditors to
throw the concern into bankruptcy.
the meeting closed with this feeling
pretty we'll ironed out. although
Judge ;. A Bostwick Of Everett sam
he had d presentiment that bankrupt
cy or .eceivership is impending
President ". A. Doelle of the ere l.
ltor committee presided at the meet
ing. Inc reading of the minutes was
dispensed with and ATTORNEY d. \.
Sinner read the report Of the findings
OF the committee.
This report covered every detail Of
the situation and it was fully discus
sed and read. The principal feature,
can be summarized as follows:
Insurance Money Assigned.
The committee found that Sl22, ia.
"a had been paid a. loss on the Dry
der warehouse fire, all of which is
now held IN the LeavenWorth State
Bank, except $5,4TI8S which wa
paid direct to the beneficiary under a
loss payable clause in the policy. All
OF tins money has been assigned to
creditors as follows: A. Y. Love. SIS
900; Llndberg Grocery Co. s. 600. j
l.. Maxwell, $4,000; Ed. Croker. 81 -
500; American Sales Agencies, $500:
Labor, $4,000; Peshastin Lumber &
Box Company, $1,000; Leavenworth
State Bank, $4,000; Wenatchee Realty
and Investment Co.. $4,000; DRYDEN
Fruit Warehouse Co.. $4,000: Grams
ton, Brewer Mfg Co., So PCS. 30: As
soclated Fruit Co. $50, 536.40; Cash
mere Apple Co, $4,000.
What Items Represent.
Each item was taken up and discus
sed. The 4. Y. Love item is to nav
an installment due on the Trinidad
ranch, the Lindberg Grocery Co. is
payment on a second mortgage on the
same.
Harding Ranch Deal.
The J. /. Maxwell item has been in
turn assigned to Jacob Harding. The
Maxwell ranch was bought by II. G
BChlke, who in turn sold l3 acres of
il to Jacob Harding for $4,000. Pay
ment in full was made by Harding
but tile could not be given at the
time. Maxwell has forfeited his con
tract, and taken the ranch back. but
has assigned the $4,000 item to Har-
dung to reimburse him on the deal.
The Croker and Wenatchee Realty
company items are for fruit accounts
the American Sales Agencies. the Pc
shastln Lumber and Box company
and CranSton-BreWer items are for
boxes and merchand Sc bought, the
Dryden Fruit Warehouse item is fol
= mortgage on the Dryden warehouse
the LeaVenWOTth State Bank item i
to cover amounts due the bank. the
Associated Fruit Co. item was for adj
Vances made on fruit, and the Cash
mere Apple Co., item was to secure
q payment due on one Of the real es-
tate transactions covering the Sunset
ranch.
Labor to he Paid
The labor item was the only one
that the committee recommended to
be paid The rest Of the ass gnments
had been held up, the bank agreeing
TO this course. until some arrange
ments could be arrived at
The committee has had d represen-
tative Of Haskins and Sells make a
nrplir1i791.V examination of the com