The Wolters' Brewery Company's Affairs to Be Wound
Up.
The Wolters' Brewing Company's property will be sold at receivers'
sale, March 13. A hearing has given the petitioners for
the sale in superior court yesterday morning. It was
urged that in justice to the creditors the property
should be sold at once in order that the business of the
company may be continued without serious loss.
The creditors proposed to organize a syndicate as a basis for
a new company, to be known as the Georgia Brewing
Association. The creditors of the Wolters Brewing
Company are to be issued certificates of indebtedness by
the new company.
After considering the petition and allowing certain fees to
the attorneys in the case, Judge Falligant ordered the
sale of the property. The receiver's compensation will
close at once. If any other party than the syndicate
becomes the purchaser of the property a certified check
for $5,000 must be deposited with the court before the
completion of the sale, and the purchase must be for
cash.
