C. W. Matheson

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C. W. Matheson - j luo """n" " " n'P- ment of materials to the...
j luo """n" " " n'P- ment of materials to the factory, the I cold, wet Spring, wnlch held back the I -- v, . v. - ! stock market, which checked the delivery i on dealers' contracts for several hundred cars. They add that the company Is solvent, the assets exceeding the liabilities by $202,748.20. The company has been hampered by financial troubles and suits with selling concerns slnco it was established here, and (here have been several readjustments, the most recent being the creating of a new selling company with headquarters in New York and headed bv C. w. Matheson. The Directors believe that under the management of a receiver the present financial difficulties will be overcome and tho company will soon be in a position to liquidate lUs Indebtedness. The company moved its plant from Holyoke. Mass., to this county in 1905 on condition that local capitalists subscribe C. W. Matheson, President of the Math eson A lllnmnh 1 C. im nt n v tk Hl.ttHhii. t tors of the product of the Matheson Mo- ; tor Car ComDanv. in a formal statement : saia : I " The Immediate cause for this step was the action of a few creditors who were I pressing their claims to the detriment of the company. For the conservation of Ave-i tne interests or an tr,e receivership was rnenaiy protection. RECEIVER FOR AUTO CONCERN Petition of Matheson Company Says It Hat $262,74 Excess Assets. Sptcial to Thl Ntw York Timu. WILKESBARRE. Penn.. July 7. Directors of the Matheson Motor Car Company of this city to-day filed an application In court here for the appointment of a receiver for the company, which is In financial difficulties. This is due. decided upon as a The Matheson Automnbilo Company Is not in nnv wav affected bv the action or tne Matneson Motor Cur company the latter being merely the source of sup ply of Matheson cars which are marketed by the company of which I am Prealdent. Plans are practically completed for a larjrer factory -output than ever before. i arJ the manurartutlng company will tin- uuuoieuiy riiiciB num . parsing rtorm m sounaer ana more neaitny condi i Won." -

Clipped from
  1. The New York Times,
  2. 08 Jul 1910, Fri,
  3. Page 3

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  • C. W. Matheson

    aklostan – 13 Mar 2014

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