, 1873-04-10
Transfer OF the Brine---Boa7d of
Trade Case. = ::
The Value Of Chicago Land Prac-
-: tieally Taught.
Melancholy Termination of:Two Trading
Partnerships.


sanuel z. Gross is tie victim Of neglected op-
portuhities in the land speculating way on the
9th of NoyemDor, 1871, Hannah +. Dnnlap was
the oovner Of Lot G2, School Trustees eubdivi-
aim of the north part of Section g. SO, 19, being
about two acres Of land on Madison street.
near the western limits of Chicago, in the
town. Of Cicero :; which, on the 7th Of Ju-
II. 1879, said Gross agreed to purchase for
e2,50O, paying 800 down therefor, with clause
In the agreement tlat unless the bargain WAS
completed on the terms OF payment then stip-
ulated, namely, s4o0 cash. five dnys after
the delivery Of q good warrantee deed and title,
and the balance in three eqoal annual payments
The defendant having failed, as the plaintiff
alleges, in this contract, suit is now brought to
set aside the receipt on the ground Of its being
forfeited as hquidated damages and that the
estate may be declnzed free from such lien. The
property has largely increased in value; hence
tho, anxiety of the complainant to get rid Of all
nsbiity to complete the salo; and equal
E.1iety on the part OF the defendant to insist On
his receipt being considered good.
END OF sroSE-cUTTERs' PARTNERSHIP.
James Ra1ston and others yesterday brought
suit against John Edwards for dissolution OF
partnership, for an accounting, and to restrain
any interference on tho part Of the latter with
the property of the firm Of Edward Rush Il Co.
The complainants affirm that they, together with
defendant, On the 18th Of Alsy last, entered into
partnership in the above name, for the purpose
of carrying On business as stone-outters, defend
ant 70 attend to the books, mako contracts, etc,
and the others do do tie sweat Of the brow part
of- the programme. Their; modest capital did
not exceed Tho sum of $1,000. John Edwards
was unequal to- the temptations that
assaiI q master stone-cutter when
not upon contract-taking expeditions,
and from aeonyivial sort of fellow, whom it was
pleasant to drive bargain with over a glass Of
lager, he fell beneath the iron sway Of the rosy
god,-that is to cay. he is charged with having
become an habitual drunknrd His books have
not been kept, and his accounts arc an awful
mystery to which the Chaldean characters were
as long primer caps. The complainants tried
kindness and change of department. for poor
Jack bat poor Jack yesza:ed with evef-increasing
energy to whet his whistle et the fotnt Of Bour-
bon. Wherefore, the corcplainants pray the
Court as above stated, before Johnnie brings
their stone-whltened hairs with eorrow to tho
Bankruptcy Court. .,
DnAroRy BANKRUPTCY PROCEEDINGS. =
TIE TRIBUNE has frequently called attention
in its columns to the unnecessary di1ntorinees
which seems inseparable from bankruptcy pro-
ceedingB. and to the shortcomings of Assignees.
4 very striking instance of the cause OF onr nn-
ayailing reference to these evils viii be found
below The attention Of the press haa been
callad to the present position OF tho Garden City
Insurance Company. Il. P. Smith, acting as at
torneJ 1or r. T. smith y Co., filed Q petition in
the United States District Court on the 14th Of
August last, for the adjudication in bankruptcy
OF ~t1na!1nsurance Company, snd on the follow
Ing -daya rule to show cause Was issued, return
able befor Register Hibbard on the 31st idem.
Ihe:1:MAfEhh duly served the rule, and On the
81st Il stipulation was filed, extending the
time TO answer the rule ID days, up
fhn linn rf hir14 In
Cempanga attorneys fled demurrer to the Re-
thon; Leave was given, month later. to Ho-
e prosecute II case Of failqss on the part et the
or1g1nal petltloners; M me company a waa aalam
txenty day. we're given IN which @ to ne soheduls
strange TO Say, no warrant vas issueo, no meet
!:ne Of Ine ComPany crealto!s wa callea, and
lss % sn1"e nos pein @ p1agea 9noer aae Gnarge
the @ nI. smltha 81 13;al aetion Tas to OBJ
ta1n, IN iotn Oc'ooe!, !ot1, copy OF the order
~ au1ouicaslon. " Is a!atea tnat certain cred
~. ..tois, VII 81 e5e @ W lea.ng Inc oImost from
rne nJeG 49,, peon % as usn as 70 Per
1 1e:l:els =. M .ne COMPANY asansI tne Conmefc1A
ans4tanse s Sonlpany. py 10 neanslnconsiaefanle,
ne oelaf p.essso anese clains afisln8 from the
tba Ga7dn,, ~ y, Go7noon,.'e " inaA9 gooa
suecessin1 issue 20 Their acaon would greatly IN
LII liz. .ne potse1saeo @'le esa1ueo olty company
"ln pay ,,o,.r: ~. ,a,,,, a,,.::.. :-a-
: ASSIGNMENT OF AohraAoEp1 PREMISES AND FORE
>, ~ CLOSURE -, 49,.
nsn;,-a;,, ~ naap Eo1an 9l,ngs an actlon against
tSen]anln :; ;NeMen, Harriet Newell, t. z. s. Uf-
tofu3 Aua tne Union nutns insurance Company
u ans Eaape q pM g 1oracose @ @mottgage:
G1onpialaans H. arers that On the 18th daJ Of
february. re- aslo benjamin Newell delivered him
a a2s oa pa5omm1saory % note at three years date for
Sz,zes.zo, beanng interest at the rate OF 10
% per cen1 Pr annun that Newell, being, or
PIetenaing 70 oe, ge.zed IN zee Ct the following
[eal estete; t. ~ Lots Il and IL, Block / :; Lots
90 ana Il Block II Rhrt Of the southeast 4 Of
Ts, Tsc =, ly!ng east Of tne ROCK Island Railroad,
township, y. 4, and being tho sa1no property
Tonxefea, nn;e OF pfeIena,ng to , ne conveyed, by
DAmea ~ NICHOLS ana otaers to Newell,
on ifn Foofuery, 1871, together
M1tnhls w1fe, Anrnet neTen delivered to COM
1+nn;sa,rn 1.ans ntn senRe tne1eon TO secure SAID
p,uGlzsory p,aaa a hote .nes ne Payment @ has been
~ Hade upon sne mo.e except SlSo interest that
1itv Ifsis!aes N Ife an 1nsnncens secu
en11 N. MeMe oelng naolTent and
Is7 aesoneG sns q ~ paX lug erSa19Re On ~ MAlg
as trstea ~ ha ;;tareat sea " ,5 n H. . onoo
tio - ~ ~ snu eHnlty OF redonp
snd that 4o III 1n;a1 essase, wnGa o4o1o s. hoids;