Business & Finance: Wilson & Co.

Wilson & Co

Some months ago, it became evident that Wilson & Co., one of the "Big Four" packers* would need cash, although its statement showed $120,000,000 assets to $77,000,000 liabilities. It was thought that the Company's affairs would be peacefully readjusted.

Suddenly, however, there appeared one Maurice I. Klein, a Newark physician, owner of a 25-share lot of Wilson stock; he demanded that an equity receiver for the Company be appointed. Before the receivership can become permanent, however, a hearing must be held. In all probability, President Thomas E. Wilson will have much to...

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