The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1923-01-25
new PLANS AT
WHITTIER PLANT
Receiver Hopes to be Able
to Resume Operations
at Plant Soon.
is GIVEN CONFIDENCE
Stockholders Committee Meet
with Receiver Randall; Give
Him Vote-of Confidence.

Winners Motors under the receiver
ship is planned to be started within
the next ten DAYS and on Monday or
Tuesday Judge Clifford e. Randall,
who was named by the circuit court as
receiver for the company expects to
be able to give out some definite state
ment as to the plans of the company
Judge Randall filed his receiver
bond of $4,000 late Friday afternoon
and at that time he formally took
possession of ally the assets of the
company including the books and the
records.
Il am not able to make any definite
statement of what will or what can
be done,' declared the receiver this
morning. We are going into the mat
ter as rapidly as possible and just
as soon as we decide just where we
are 1t will be possible to make some
formal Statement as to what is to be
the future of the industry We have
been assured a lot of cooperation
from the various people interested in
the working out Of the problems of the
company and with this cooperation
we are very hopeful of results which
will conserve the rights of all con-
cerned."
Meets With Stockholders Committee
Judge Randall held a three-houI
conference with the members of q
committee named at a meeting OF
stockholders of the company in Mil
waukee, last Wednesday,, on Friday
afternoon, and at the close of the
meeting this committee not only prom
| ised their full cooperation with the
receivership but a formal vote Of con-
| fidence in the receiver was voted. This
committee represents something like
nine hundred of the stockholders of
the company. 1t is said that the com
pany has more than forty-fve hundred
stockholders and that they are scat
tered all over the country. For the
most part the stockholders are hold
ers of small amounts Of stock and
some of this stock was originally
holdings in some of the companies
| formed under names other than swim
Their company" With the consolida-
tien of the various companies by vote
of the stockholders many months age
the stock was ALL transferred into
stock of Whittier company.
Receivers Certificates Possible.
1t is expected that operation of The
| plan with the view of getting every
possible cent out of the assets will be
conducted under some plan of Feceiv-
er's certificates with the understand
| ing that these certificates will be pre-
ferred as to payment. 1t is under
stood that several financial institu-
tions have offered to aid in the work
of getting the business of the com
pany on frmer basis and if these
plans can be worked out it is certain
that the plant will operate and it is
believed that it can be operated pro-
ftably.
s'There is no doubt but that this
company has large number of bona
fde orders which can be pfoftably
filed" said Receiver Randall and the
problem is to get the work in opera
tion so that the company can realize
on these orders"
It has not been indicated that there
is any serious objection on the part
of officers, stockholders or creditors OF
the company to the plan of working
] out the destiny of the plan under the
receivership. It is admitted that
some of these elements welcome the
coming of court rule over the bust
ness of the company.
Many Stockholders Here.
While, the company has stoekhold.
ers, probably in every state in the
/ Union, a very large number of the
men and women owning stock in the
company reside in Kenesha, Milwau.
kee, Chicago and this immediate ter.
ritory Many Of the stockholders
have for years been employees of the
Whittier company and it is said that
these people most intimately connect
ed with the operation of the plant are
convinced thatNits future can be work
ed out.
/ Receiver Randall was busy at tht
plant today making his preliminary
Investigations and he is being giver
every possible aid by the officials Of
the company. 1t is said that the
books and records of the eompan,
have been found in good condition.
Martin Whittier, the president of the
y n 4 4: L