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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 26, 1914
Page
16
The German emperor visited the British flagship King George V in Kiel, hoisting his flag as admiral of the fleet. Vice Admiral Warrender, outranked by the emperor, transferred his flag to the Centurion and the emperor spent about an hour aboard, receiving an admiral's twenty one gun salute on departure.
New York June 26 John Claflin announced plans to reorganize the H B Claflin Company after it went into receivership. Liabilities total about 34 million with assets of 44 million and a pledged personal fortune of 10 million. A creditors meeting in ten days will decide whether to continue receivership as negotiations with banks and merchants proceed.
Involuntary petition filed in New York against Defender Manufacturing Company a Claflin subsidiary and underwear maker. Receivers named after Claflin collapse. creditors seek bankruptcy adjudication. Note holders’ committee meets at National Bank of Commerce as merchandise creditors report about 2 million dollars in claims. Continuous stock activity noted with United Dry Goods preferred trades and Claflin connections observed.
In Nashville on June 26 a voluntary bankruptcy petition was filed by Castner-Knott Dry Goods Co after a receiver was appointed for H. B. Claflin Co. The Castner-Knott liabilities reached 427,865 with 372,169 due to H. B. Claflin. Assets are about 700,000 and local business will continue under receivership.
Llano Texas gears up for July 3 and 4 events highlighted by a large trades day sales surge. A public picnic on the Llano River features speakers, baseball, races, and contests. The centerpiece is Curtiss biplane flights by Fred DeKor from Kansas City, first of their kind in the area.
An advertisement touts S S S as a cooling blood purifier that rapidly clears skin irritations from inflammation. It claims the remedy purges impurities via membranes in the skin and circulates through the body within minutes, urging readers to order a free book and buy the product from Swift Specific Co.
The Texas attorney general's office rules a county tax assessor may receive one-half of 1 percent for assessing road district taxes, paid from the district bonds' interest and sinking fund. The ruling directs the commissioners' court to levy enough to cover interest and sinking fund payments plus collection costs.
The Texas reclamation department released a bulletin detailing amendments to the levee and drainage laws from the last Legislature. It includes the drainage district dissolution law and the drainage corporation law of 1897. Copies are available from reclamation commissioner Arthur A. Stiles.
Corporations chartered in Austin include Snyder Oil Company of Dallas with capital stock of 30000 dollars and incorporators B O Snyder C O Farrington and A B Farrington among others. The Rhea Company of Forney is chartered for merchandising with capital stock.
The State Board of Medical Examiners adjourned after a three day session reviewing 145 examination papers for medical licenses. Papers have been distributed to board members for grading and results will take several weeks to announce. Incorporators listed include R. P. Rhea J. T. Rhea and Joe R. Gillespie. The article notes a $20,900 amount in context.
In Austin on June 26 the Commissioner of Insurance and Banking says indemnity workmen compensation policies cancelled by the company must be pro rata, while cancellations at the policy holder's request must be at short rates.
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