Evening star., 1922-02-24
ACTION DISMISSED
ON GRAPHOPH0NE
Petitioners for Receivership
Withdraw Plea in Dis
trict Court.

Receivership proceedings brought
Manufacturing Company in the United
States district court at Wilmington
Del, ended abruptly Tuesday as a
result Of willingness on the part OF
the petitioners that action should go
no further. Judge Hugh NJ. Morris
granted dismissal Of complaint, with
costs to petitioner. and denied appli-
| statements filed by the defendant. re-
citing consent OF creditor interests
representing an important portion OF
liabilities for extending these claims.
Attorneys for the petitioners. In
opening for their clients, stated that
of upward Of 100000 on the 5000
shares held, the chief grievance was
that they had not been kept informed
Of the progress made by other credl-
tors.
Interests to BE Safeguarded.
In view of details laid before them
since application was made and as
surances given In writing that their
interests are being safeguarded aIH
points raised in their petition, they
do not desire to hinder proposed re-
habilitation.
Answer for filing was offered by at
torneyS for respondents, and the an
Swer was accompanied by certain affi-
davits. Summary of the contents OF
the affidavitS, based on the company s
statement as of December 81. 1921. was
given, and George S. Franklin of New
York, representing the bank, merchan-
disc and supplies creditors and note
holders, expressed their expectation of
conclusion. A short affidavit by NJ. NJ
Buckner of the creditors committee
was also read.
Equitable Life shows Gains.
The siXty-second anual statement of
the Equitable Life Assurance Society
of the United States gives evidence OF
! the company's continued progress.
New insurance written in 1921 totaled
| $427 900, exclusive of $30,114,000 OF
surance on December 81, 1921, had
| passed the s2,S00,000,000 mark Over
$S3,O00.000 was paid to policy holders
and beneficiaries during the year in
death claims, matured endowment, divi-
dendS and annuitieS.
The total payments to policyholders
since the organization of the Equit able
| in 1859 exceed $l,450. 100000. The as
sets are S6o5.301 900, an increase of
S2S.OOo.000 over the previous year.
The report showed further that the
| mortality rate for the year was the
lowest in the entire history of the COM
pany.
Refmer Company Moves.
Reimer & Co, security brokers. for
meriy located in the District National
! bank building, yesterday took up new
quarters in the American National
Bank building.
Personal.
r. j. Stellwagen. president of the
Cnlon Trust Company. left yesterday
1or a short vacation at Atlantic City
Jonn .. Larner, president of the
W washington Loan and Trust Com
| pam, Is also making a brief stay al
| the New Jersey resort.
Allan +. walker has returned from
vacation at Palm Beach. Fla.
More Time for Tax Returns.
Commissioner of Internal Revenue
Blair in I. u. G91 directs that un-
der the authority OF section 227 of
the revenue act of 1927 general ex-
tension of time is granted domestic
| corporations up to and Including
! June 10. 1922, for completing returns
OF income for the calendar year 1921
the fiscal year ending January 81
1872. and the fiscal year ending Feb
| ruary rs, 1922, conditional upon the
| Ming of tentative returns with the
proper collector of internal revenue
on or before March Is, April Is and
May 10, 1922, respectively, accom-
panied with at least one-fourth of the
| estimated amount of tax due, togeth-
| er with statement setting forth the
reason why the return cannot be
completed within the prescribed
time. and formal request for the
extension.
Tentative returns submitted in ac-
| cordance with the foregoing should
be on form 1870. on which should be
written plainly across the face Ten.
! tative return" Only the name and
| address of the taxpayer and the esti-
mated amount, if any, on the tax due
| need be stated.
! Any deficiency in the first install!
/; ment as determined upon submission
| of the final return will bear interest
at the rate of per cent per annun
| from March Is. April Is, Or May Is
| 1922, respectively.