Evening Republican, Volume 19, Number 176, Rensselaer, Jasper County, 27 July 1915 — Receiver Asked For Another Monticello Firm. [ARTICLE]

Receiver Asked For Another Monticello Firm.

Monticello Journal: A suit that makes demand for $6,000 and the appointment of a receiver was filed in the circuit court against the Chicago Thread Manufacturing Company, and the Thread Mills Company, the former the predecessor of the last named concern. The plaintiffs in the case are Hubbard Brothers, of New York. George Kassabaum, of this city, and Fickle & Arthur, of Logansport, are attorneys for the plaintiffs. The complaint alleges that the defendant company executed a note to the plaintiffs for the stun of $5,654.36, of wlrch amount only $2,000 has been paid. That when the new company was organized in 1910 the note was not paid, and up to the present time the company has for unknown reasons refused to assume the obligation. The complaint alleges that the reorganization of 1910 was not made in good faith but for the intention of defrauding and hindering collection of debts. Another complaint was filed by Attorney KaSsabaum, the plaintiff being Chas. W. Hutton, and the defendant the Shultz Manufacturing Co. Action is for the cancellation of a note for SSOO executed by the plaintiff to the defendant company. He says he was to receive stock in the company to the amount named, but that the same has never been issued to him.