[Italian Company in Receivership]
L'italia, July 21, 1912
The Central Trust Company was appointed Receiver of the well-known Giacomo Allegretti Company, candy manufacturers, until a bankruptcy comptroller is chosen. Liabilities, twenty-five-thousand dollars ($25,000), while the firm has assets of only ten-thousand dollars ($10,000). Mr. Allegretti stated that the Candy Industry is in a critical period. The public cannot afford to buy candy, and when they do they economize on cheaper brands.
