[News Script: OCT directors seek to salvage company] Part: 1 of 4
This item is part of the collection entitled: KXAS-NBC 5 News Collection and was provided to UNT Digital Library by the UNT Libraries Special Collections.
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N t
ICT DIRECTORS SEEK TO SALVAGE COMPANY
SOUND O' FILM COMTIN UP
BUILDING' I
Bankers Life Insurance Commany of Dallas.
The suit filed today asks that the affairS
of ationa l Bankers L ie be referredo the
attorney general. - -~-At the Statler-Hilton hotel. in Dallas,
directors of the financially-troubled ICT
Insurance Comp y meet behind closed doors
in a last-minute effort to keep the company
from going under. The company has until
February 19th to raise enough cash to stay
in business and President James G. Cage tellk
newsmen the directors have a hot
prospect wPlo may furnish the money. The
state s says the company is more than
foir-million dollars in the red and owes
policy holders almost three-million dollars.
The company has also been named in a suit
today as a stockholder in the national1i~
/,Q.
L_ A
j
- Inn
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WBAP-TV (Television station : Fort Worth, Tex.). [News Script: OCT directors seek to salvage company], item, February 8, 1957; (https://digital.library.unt.edu/ark:/67531/metadc789669/m1/1/: accessed April 23, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Special Collections.