Evening star., 1923-04-23
RECEIVERS NAMED
FOR GOLDEN & Co.
Death of William G. Carter
and Protested Check Brinq
Plea From Creditor.

Justice Siddons of the District Su-
preme Court today appointed William
II. Sholes and Arthur n Murphy as
receivers of the commission firm of
Golden & Co. Incorporated, of 922
to 92S Louisiana avenue northwest.
The bond of the receivers was fixed
at 100000.
The appointment followed the filing
OF a petition by the international
Finance Corporation, which told the
court the commission company is in
solvent, and that it's check for $6,-
160.92, given April Is last TO the
finance corporation, had been dis
honored when presented the next day.
On the date of the checks dishonor,
the petition sets forth. William G.
Carter, managing head of the corpo-
ration, died suddenly at his home in
Chevy Chase. Nd. There is no one
to take his place in the business. the
court is advised. and a. the assets of
the corporation are largely of d
perishable nature. the appointment
Of receiver is urgent.
Attorneys Douglas, Ohear & Doug
las are counsel for the finance cor
poration and they advised the court
that the assets can be readily con-
verted into cash and that number
of suits would be avoided by the ap-
pointment of a receiver and better
results obtained for the creditors of
the company.
Rosslyn Packing Company Involved
Tho death of Mr.. Carter. its chief
stockholder, is also made the ground
of petition filed in the circuit court
Tor Arlington county, Va, today by
number. of the stockholders of the
Rosslyn Packing Company of Ross
Charles S. Douglas of Washington as
receiver of the company and Hugh
H. obear and William Cloth as at
torneys to the receiver. The Rosslyn
Packing Company and a number OF
the chief creditors consented to the
receirership.
No schedule of assets and liabili-
ties Of either Of the companies has
been filed.
Arthur " Murphy. one of the re-
celvers or Golden & Co, has been
cashier of the firm for many years.
II was stated. Mr.. Sholes is a law
yer. Walter a. Johnston and Fred
). SWindell appeared for the company.
Statement by Directors.
a statement issued by the board
of directors of the company, follow:
An application was today filed by
one or the creators of Golden & Co
Inc. Of Washington asking the ap-
pointment of a receiver for that
corporation.
This action was due to the sudden
death on Thursday last of Mr.. Will
liam G. Carter. it's president and ac-
tive manager of the business. which
is and has for a long time been con-
Sfdered probably the largest commits
sion house and food dealers in the
District.
While this action was taken bv
creditor it is understood that the
board of directors will not oppose
appointment of a receiver, as the
directors are all actively engaged in
other lines of endeavor and lack the
experience and time to conduct SO
large a business.
None Available as Head,
Mr.. Carter had grown up with the
house of Golden, had been its active
head for many years, and it's presi-
dent for the last nine years, and the
board of directors had no one avail
able as his successor to immediately
take up the management of the busi-
ness, and the nature of its stock on
hand partly consisting of more or
less perishable food commodities
made it necessary for Immediate
action.
The death of Mr.. Carter not only
removed the company's active head
but its principal owner. and in the
interest of creditors and stockholders
it was thought best to liuuidate.
The house of Golden maintains
accounts with several local banks and
1t is understood that all are prac-
tically secured"