Mr. Lanham Revisited: Sept. 9, 1926

The store's bankruptcy plan is argued in court; W.D. Upshaw plots his comeback

Finally, things started moving with the composition, the plan agreed upon with creditors of Lanham & Sons for what they will accept in repayment of debts.

“A hectic day, as our composition vote question came up in Judge Rowell’s court and we had quite a time getting it adjusted,” he wrote. After a good bit of maneuvering, “the vote was in our favor.”