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JARVIS-CONKLIN RECEIVERS DISCHARGED BY JUDGE PHILIPS. THE COMPANY FAILED IN 1893. ITS AFFAIRS ARE NOW PRACTICALLY WOUND UP. Developments in the Matter of the Standard Liquor Company and the Missouri National Bank -Criminal Court Docket-Court News. In the federal court yesterday Judge Philips approved the final report of the receivers of the Jarvis-Conklin Mortgage Trust Company and made an order discharging them from further service and releasing their bonds. This closes the receivership so far as this court is concerned. The proceedings in this court were ancillary, the original proceedings being had in court in New York city, where the original order of appointment of the receivers was made. The discharge of the receivers in this court is the preliminary step to their final discharge in the court of original jurisdiction, in New York, where the application for complete discharge will be made within the next thirty days. When they are discharged there the entire legal business connected with the failure of the company will be finished and the adjustment of its business affairs will have been completed. The company failed for nearly $14,000,000 in October, 1893, going down a few weeks after the Lombard Company collapsed. At that time the affairs of the company and its many allied corporations were tangled to a most perplexing degree and interests conflicted at a large number of points. The work of straightening out the entanglement was begun in the courts and has been pushed along as rapidly as was possible, and is now practically closed. The assets have been sold at foreclosure and have in nearly all instances been purchased by representatives of the new company with which the promoters of the old corporation are connected and which they practically control in New York city. It has been a rapid settlement of a mass of perplexing business and all parties who have been parties to the litigation will feel a great sénse of relief that it has finally been disposed of.
