Jasper County Democrat, Volume 15, Number 13, Rensselaer, Jasper County, 22 May 1912 — Monticello Power Co. Is Bankrupt. [ARTICLE]

Monticello Power Co. Is Bankrupt.

The Tippecanoe Electric and Power Company, which operates the lighting plant at Monticello has filed a petition in bankruptcy in the federal court. On petition of Charles A. Munroe of Chicago, president of the company, a receiver has been appointed to operate the plant during the time its bankruptcy affairs are being adjusted. Judge Anderson has appointed James C. Curtis of Indianapolis, as receiver. The petition in bankruptcy shows that the company has assets of $52,7 06.50, and liabilities of $118,263.65. Munroe is the principal creditor, as he owns SIOO,OOO in bonds, which is the total issue, and $17,175.22 of the general debts of the company.