At the April 3 hearing, Mr. MacKinnon agreed to pay $200,000 now and $300,000 more in September. Mr. Cuthell acting for the Curtiss Aeroplane and Motor Company would pay the other $100,000 for the radio stations. After administration expenses, the creditors were paid 95 cents on the dollar. The attorneys handling receivership said this was the first time they had seen a forced sale pay off the creditors in full. The Irving Trust Company's decision to keep the magazines and stations running avoided an early sale at a sacrifice price. The first bid for complete company was $100,000. The first offer for the radio stations was only $7,500. Here is a New York Times account of the final bidding.