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The Hardin Tribune Herald
Hardin, Big Horn County, Montana
What is this article about?
The Miller Livestock Company, owned by Charles E. Miller Jr., petitions in federal court under the farmers' bankruptcy act, listing 195 creditors with debts up to $185,000 and assets valued at over $3 million, primarily land in Montana and Wyoming.
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MILLER CREDITORS
Affairs of Miller Livestock
Company in Federal Court
Egnew Conciliator
(Continued from Page 1)
years, and may also apply to
period of not more than three
corporations if it can be shown
that 75 per cent of the stock
is held by actual farmers.
The Miller company petition
signed by Dorothy E. Miller as
secretary-treasurer, claims that
Charles E. Miller, Jr., the op-
erating head of the company
since he purchased a control-
ling interest about two years
ago, owns 75 per cent of the
stock and is an actual farmer.
The act was to have expired
on March 3 of this year, but
it was extended two more years
in a recent act of congress.
About 195 creditors are list-
ed in the Miller company pe-
tition.
The
amounts range
from $185,000 owed to Adams
and Roberts of El Paso, Texas
on a chattel mortgage on cat-
tle to very small sums. The
petition also stated that a sum
of $3,750 was owed to E. L.
Dana, pioneer cattleman and
former operator of the ranch,
and Mrs. Dana plus $750 mon-
thly as long as either is liv-
ing.
The largest single asset list-
ed by the company consists of
land in Big Horn county, Mon-
tana, and Sheridan county,
Wyoming. The value of these
lands was placed at $2,500,000.
It was discovered that about
18,200 acres in Sheridan county
is in the possession of the com-
pany and there are about 5,-
125 acres of deeded and state
lease land in the Miller com-
pany's name in Big Horn coun-
ty. No mention was made in the
petition of the Indian leases,
which for years comprised a
large bulk of the company's
cattle range.
Other assets totaling about
one-half million dollars were
listed as follows: Cattle-$252,-
640; horses- $27,000; turkeys,
$1,500; chickens and hogs--$1,-
000; accounts receivable- $30,-
000; 5,000 acres of wheat seed-
ed-$50,000; 5,000 acres tilled-
$25,000; deposits on insurance-
$500; prepaid lease rentals—
$18,844.17; buildings and other
improvements, automobiles,
trucks, machinery and equip-
ment-$86,260.84; light plant-
$5,135.91; office equipment and
water wells-$1,246.35; fences
and fencing equipment-$42,-
287.52.
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What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Sheridan County, Wyoming
Key Persons
Outcome
petition lists 195 creditors with debts ranging from $185,000 to small sums; assets include $2,500,000 in land and other property totaling about $500,000; company seeks relief under extended farmers' bankruptcy act.
Event Details
Miller Livestock Company, controlled by Charles E. Miller Jr. who owns 75% stock as an actual farmer, files petition in federal court signed by secretary-treasurer Dorothy E. Miller, invoking the farmers' bankruptcy act extended by Congress. Egnew appointed conciliator. Assets primarily land in Big Horn County, Montana (5,125 acres) and Sheridan County, Wyoming (18,200 acres), plus cattle, horses, and other farm assets. No mention of Indian leases. Debts include $185,000 chattel mortgage to Adams and Roberts of El Paso, Texas, and $3,750 plus $750 monthly to E. L. Dana and Mrs. Dana.