, 1872-12-24
~: Of q Leading Firm and
49, Flight Of a Partner.
f hough Leaf frem Lije--.A Compu!-
sorry Marriage.
GENERAL Items Of Interest from
the Courts.
RECORD OF Judgments and Trials,
! and New Suits.

Ihe thgEt Of Joseph Farnsworth, and tho tinan-
al occurrences narrated below. have led rep
'sentatiyes of New York houses doing busl-
/: esq with the Chicago firm Of Farnsworth, Brown
Co., wholesale hatte1s and furrierB, to make
! investigation into the affairs Of the Latter,
70 result Of which was that the Eastern firms
ierred 20, with the consent Of several Chicago
editors, representing claims amounting to over
100000, yesterday Fled petition in bank
,ptcy, praying, beside the formal order Of nd
1udic2tion, TIT Samuel Brown and Joseph
Farnsvorth be cnjo;ned from making any
further collections Of debts, ard that the cstate
be placed II the bands Of Henry c.
King, to take charge Of in the
Interest Of the creditors, with power to act
IN all matters at his discretion, in order to realize
es rapidly and surely as possible on the residue
OF the stock Of goods and merchandise nov in
store, and to settle all outstanding matters OF
doubt and difficulty as promptly as practicable,
so as not to delay a fnal settlement. The
i. petition and afidavits unusually long, and
show that patient and exhaustive search has
been made into the affairs Of the firm and its
past transactions.
The affidavit Of David Fox, on behalf Of Charles
Fox / Son. Of New York, shows that the firm
stopped payment on the following notes: $213,
1920, $1,000, and S., 233 20; and the affidavit
Of James y: conrow, for ths tl 15m
York O. ssns ff ~; ,rns%o4n ceoFGns' Gf BSSn Ssp
suspea1~i Judgment on notes for s478.ss,
S1,478.s7, Sl44, md S423.50; the whole of such
notes being given between the 7th OF August
and 18th Of October inclusive.
It appears from the creditors petition that
Fa1nEworLh was the financial manager Of the
firm, and that the information set forth by the
petitioners was obtalned from his son, and Sam
uel Brown. The following arc the allegations Of
the petition:
t-4..
to detr:ud lis creditors the creditors the firm;
End that both Joseph FarnsWorth and Samuel Brown,
have committed the various acts Of bank
ruptcv ,o-= ,after Set forth That the 14th inst
t o5 fs au tas ss ssn "a 81
reason. Tor trng taa tie debt for which the note
on ths lsth Of November note owing to arersonal
*sl75, fe due, and tne sud i'm Being nnabe to pay
the amount sent said Fay book debts the amount Of
sl 900 to IS collateral security, receiving back
hat note ., -euewng it by another, amounting to
LII. Brown asked r:rnsworth to 1oox out for tho
note, as tho next day was Sunday; and he
ius.re, and fight .rose resulting n Tarnswozth ab.
fra:tng between y c9o aud = coo of the funds and
@ seg T. G S hGn1 n 54nh a and
posted il the hsn ud applying it to the payment Of
the note already retired to, pocketing the balance,
bills payable accoan.wh $, ,0uo paid "a City National
B.uz and s. a.735 to his own lr1vata account since
trace hi wi.hat SUCCESS That On the nth inst,
Brown settled al nrss aue to the Commercial Nation
al Bank aggregstia: ooo BY giving tha bank
|. Mitchell, Of he North Division Of Chicago,
for 5000 uath Of merchandise in their
as sss9s for 5sa h
Of which the ba1ec1ied 1a full payment for said In
deb:saness- aba Brown said, In excuse for hia
duct, the bank ArsiHed to renew the bills, end he
debt That, according to the estimate furnished BY
Brown, there Mn bea deficiency Of S23 1917 but by
will full hr aort Of $4,000. The petitioners
further state that the informed the said Conf
nereial National Ban holds demand note Of the firm
f1,n, end selling te goods end merchandise as
fast possible for te he avowB, Of pay
3hg the bank se naonnt o. sa1d m 1 demand note ana
to the paynelt Of preferred creditors Ctliess res
trained, and TIT F1naworth would do the came he
returned. Tat th stock In the store ia Valued at
$4,000, most Of it beng new and Lately purchased,
consisting urs, bats and cups, the present being
suitable seasa for selling tho sse that the season Il
70 so per ent That petitioners represent about
f11o93 Of clE, and other parties In Chicago $50 0oD
II Of whom hve conferred together and approve this
proceeding therefore they pray that Charles B. King
he appointed rovsiona Assignee to dispose Of the
tate and mauge it for the creditors.
The following are the abstracts Of accounts
furniEhedbJ Brown and by the petitioners
LIABILITIES. ....
Notes nni ACCOUNTS, SOB 695 q
cssa si IL 20 Bank 5ssss
Msrchndise. se..................... 67,20I5o
----s1ss,6ss. .ss
Biance $2s1sl. IS
Traselins expenses " .~. w s,as4.a .ae
Salaries 9,05s.17
Commissions '..--..--.-....-.-...-.--. eos. .49
1nsoances .-.--.....---......-...- 27035. 10