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BROKER FIRM FAILS Receiver Named For Henry Sproul & Co. HAD BORROWED BIG SUMS. Plaintiffs Allege That Bankers Cannot Meet Demands Upon Them For Additional Margins or Pay as They Mature Their Indebtedness. Pittsburgh. June 6.-The South Side Trust company was appointed receiver of the brokerage firm of Henry Sproul & Co., one of the wealthiest local firms, following the filing of a bill in equity against Henry Sproul and N. R. Evans. doing business as Henry Sproul & Co., in which John B. Barbour and William J. Bauer are the plaintiffs. Attorney Warren Y. Seymour of the firm of Seymour. Patterson & Siebeneck presented the bill for the plaintiffs. and Attorney Paul Killiam, representing the defendants. filed an answer admitting the averments made in the bill and concurring in the appointment of the receiver to take charge of the assets of the firm. Judge James R. Macfarlane made the order. In their petition the plaintiffs state that they are creditors of the defendants in the sum of $2,800 and that the defendants as brokers have borrowed large sums of money on stocks, the value of which is subject to fluctuation, and the lenders can dispose of the collateral if the defendants do not advance cash as called for as additional margins. Can't Meet Their Demands. The bill alleges that the defendants cannot meet the demands upon them for additional margins or pay as they mature their several indebtedness. The petition recites that unless a receiver were appointed at once the assets would be dissipated and sacrificed and certain creditors may or will secure preference for their claims. The petition asked that a receiver be appointed and that an injunction be issued restraining the creditors from demanding their claims or proceeding to collect them and enjoining the defendants from selling or disposing of the assets. The order of court grants the prayer of the bill. The answer of the defendants simply admits that the averments of the bill are practically true.