Jasper County Democrat, Volume 13, Number 17, Rensselaer, Jasper County, 4 June 1910 — SETTLED OUT OF COURT [ARTICLE]

SETTLED OUT OF COURT

And Suit For of Auto Company "Is Dismissed. Indianapolis, Ind., June 1. — The suit in the local and Federal Courts against John N. W'illys for appointment of a receiver for the American Motor Car Sales Company filed by T. P. C. Forbes, Jr., Eben B. Campbell, New York, and Henry P. Campbell, of Indianapolis, were dismissed to-day. The Courts were notified that a settlement has been,made. Willys, who is President of the sales organization, as will as Overland automobile companies of Indianapolis arfd Toledo, paid the complainants $150,000 in cash and deposited $1,015,000 worth” of Stock in Ihe Overland factories as collateral for payment for the remainder of their holdings. He is planning to form a large company of $2,000,000 capital to operate the Indianapolis and Toledo Overland plants.