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MAY REINSTATE STILWELL Judge Grant's Petition to Discharge Receiver of Guardian Trust Company of Kansas City. KANSAS CITY, Sept. 15.-Judge Amos M. Thayer of the circuit court today granted the petition of the stockholders, representing Arthur E. Stilwell to discharge the receivers of the Guardian Trust company, appointed over a year ago at the instigation of John W. Gates and his following. The supporters of Mr. Stilwell, who at the e time the company was thrown into the receiver's hands was president of the company, asserted in their petition to have the receivers discharged that the business could d be conducted more economically with them. The Gates contingent opposed the move S on the theory that Stilwell desired to merge the Gulf and Trust company into the Mexican Trust company. It is said that Mr. Stilwell will be reinstated as president. Judge Thayer's order authorizes the red ceiver to pay immediate direct liabilities to the sum of $199,433, and make payments of contingent liabilities to the amount of $31,880, taking from the persons holding the contingent claims agreements extending the time for the payment of the residue. The direct liabilities ordered to be paid include S outstanding debenture bonds, mortgages on real estate, trust funds, open accounts and $16,000 due the estate of the late F. M. Black, by order of the court for services as receiver. d A statement accompanying Judge Thayer's memorandum shows that there is $382,397 cash available at this date to meet the requirements of the order, and it will leave a balance of $151,624. Judge Thayer's order authorizes and directs the receiver, immediately on the election and organization of the new board of directors of the Guardian Trust company, which the court understands will be elected, and will convene on October 22, to turn over to such board all property and assets of the Guardian Trust company in his hands. The stockholders of the company at their coming meeting are to adopt a resolution instructing the directors of the Guardian Trust company and its executive committee to sell to the best advantage all the real property of the company, save such as may be needed for the transaction of business. The executive committee is also to sell, collect or otherwise reduce to money, with all convenient speed, all bonds, stocks, bills, demands, claims and securities which the not good interest-bearing securities, to the end that the affairs of the company may be put in a condition for speedy and convenient liquidation. The minority stockholders who have objected to the discharge of the receiver must be given at least one representative on the board of directors to be elected October 22, who shall also be a member of the executive committee of the board, if such a committee is elected. Today's order by Judge Thayer marks the near approach of the end of the Guardian Trust company. This company was organized as the Missouri, Kansas and Texas Trust company in 1889 by A. E. Stilwell and E. L. Martin, with an authorized capital stock of $1,000,000, divided into 10,000 shares of $100 each. In 1899, soon after the capital stock had been increased from $1,500,000 to $2,500,000, the name was changed to the Guardian Trust company. The efforts of John W. Gates to secure control of the company and oust Stilwell culminated by Gates throwing the company into the hands of a receiver. This was in November, 1900.