, 1876-01-15
SLIGHTLY MIXED,
Mr. Waidner's Creditors AFRO Inclined
10 Suspect Things.
Tho Crystal Lake Packing Com-
rany Agnin Turns Up.
Assets ind Liabilitios-0ompromiscs Of
fored,

A fow woeks ago tho Crystal Lakc pictltpg and
Packing Company, OF certain mombera OF it,
concluded that tho afrarB OF TINT concorn ns
managed OF lats hh3 Rono far enough. and, to
mnko long Htory short, applied to tho Circuit
Court for tho appointment Of = 1ocelvor. Tho
prayer, among other things, rot tip that
William Archdeacon. tho rrcodcnt Of tho Com
pAny, had transferred to tho shoulders of tho
concern al iulvi1ua, dobt OF el0o, 00o which he
oHel 10 +. A. Waidnor, doing business Rt Nos.
As and II River street, by giving him 4, ,s-mork-
Eago bonds against tho works OF tho Company.
The transa,tlon MAS alleged to 10 faud,ian.,
and J. N. Cannon was appointed Receycr by
Julge Eur xoll.
NEW CHAPTER
Is now to DO atlcd to tho transaction, for tho
eunpenslon Of the Crystal Late concorn uns 80
seriously affected +. A. wnidncr that Bovoral
days ago ho suapondcd spoco paymnnt. l1is spo-
clal partners 'halng Nusnscn & Sons, tho COLO
bratod fruit packers Of baltimore. His rus.
pension has bccn kept very quiet,
but his creditors, who hro numerous.
hayo for several days been on tho anxious aeat
~ to tho rcat condition Of affairs. and l,Ayo
been acsltous to lottn what the prospects for Il
Aalticment Oh satisfactory basis Were. To this
ond
TN1VATE MCET1S0
was held yesterday morning, AZ which tho nt-
lcndaHco was largo. mnn bctng present from
baltimore. Michigan. Wisconsin, and This city
and htato.
In the discussion OF tho situation somo ugly
thinCn woro Unlimited aqanst tho Numsons and
she!r connection with Waidner, ssIlo It nppeays,
aro couneetnd With him III soma wny. Ono OF
the intimationa waa 10 tho effect that tho Num-
aons, at the t.mo Of forming or continuing thoir
special copartnotBhip. failed to comply with tue
statutes OF tho state, which required them to pu.
IN certain amount Of monoy; and further. that
at tho tfmo OF tho coalition tho Nua.aous
know tho coucssn 10 b. insolsent. Nfr. Il. q.
Assay appeared for Mr. Whfdncr, and as rnlc,
each creditor appeared for himaolf. Tho meet
Ing Tna stormy, tedious aud long. and to toview
tho history OF tho suHponBton, tho connection Of
Waldner with tho Orystal La.e eoocorl,, with
tho farmers OF AloIlonry County who furnished
tho oucu.nhors for tho works, with tho Nunl-
Bous, md tho various parties rrosent. na dis
closed NJ tho meeting, would occupy pages Of
TIE TRIBUNE.
After & thorough discussion Of evory point
having bearing on tho caac, committee OF
thron was appointed to
EXAMINE TIE uooSs
OF Wnilncr+ NTH WOW to rohchfng tho real
condition OF Affafra. The Committee had be-
fore II proposition to settle for 25 crnka on tho
dollar, beside enough specin1 Instructions to
load II down for Wccks u 1t stopped t. notGh
them. Aftor Hoyoral hours examination, llo e.
ever, tho Committee repprted tho following ~
tue showing Of Wadaer'a oooks.
AEBETa.
eooa Gl o'lt s'colsabo' o''''....',..'...$ 47,oG: g
Crystal iske woit, ns,;er. 1s5',SS 10
Crystal Laks mortgage bonda.. 1o0.o0,.q1
Tctal.. .S539. .123 II
LiAnIL1r,Es.
Notes to Nunecn Co.. baltimore. .fl2p. 10
Noes 10 Cryata Lake Company y........... Gt.4!so0
siscelan&ous debB. III, 1916
4ctI4+ ,SJt
Tho Committee coutinucd III its report to Bay
that II was not saisled to accept tho rroposition
for settlement at % cents on tue dollar, aud
euol that tho good bills and stock nsono would
guarantee tho pa, mont Of at least u cents, to
HaY nothing OF any othor part of tho nssots,
which thoy regarded as worthless.
A spirited discussion followed tho report. but
It was finally adoptad Then canle q motion to
flo bill iu bankruptcy against +. 4. Wailncr
aud tho Numbons, Us general pattner5.
The debata Upon tho motion rms long and CT
cited. 3Ir. AHay eet forth that it would be inl~
possible 10 prosecute tho Nnmsena. "a goncral
partners, aud III reply to sono ineinu,ttons Vi
Al UNPLEASANT character about their claim llo
urged that tho claim was le:tiul ata and had
been created By tho sails Of godJs to Waidnor,
for which hla notes wore hell. The motion to
Put this concern III bankruptcy failed,
To test tho sonho Of tho meeting, motion
waHeubsoqucntlc malo and adopted to tho olrocs
that tue creditors expected to roccsyo as least 90
cents on tho dollar.
oe!oio soo A4oettAB Au1ou1ue4. AAE. AaAy pEQ-
posed, to
HETTLE TIE WHOLE DIFFICULTY
to turn over tho entire assels OF tho concern to
tho creditors, aud ALLOW thoEn to do with thcm III
they pleased. on the conditoo thak Waiduer and
tho Namsens should bo released. Tho nroposl-
tlon was we'll reoeivod. but no action wan taken.
Tho Wnidner troubles arc very Heslous. No
one appeared at adjournment tt accuao him Of
his connections With any unfair dealing, or any at
tempt to dot1aud anybody. Tho popular excnso for
his situation appeared to be his speculative
turn Of mind. which od him into fatal 3onueo.
tIou witt, tho CRYSTAL Latte concsrn. lis val
uablo aRseta are believed to bo comprised iu tho
"bitls rcoo'yablo" and .'atoek" itemn gwen
above, and 1t ia generally conceded ti.at tho
Crystal Lake PAPER s pext to worthless, or at
least that there. ia no, Immediate or pros-
pocslTe shoH Of lrcaiiz!ns anything from 1t.
It Ia moro than probablo, llovoyor,
TINT = compromise with h,A creditors will bo Of.
focEed, tho great thing now appearing In thu
way being the question as to lilo admission of
Tug claiu, Of tho Numsens, whieh como urgo
will not stand IN tho Courts, and consequently IL
not Just. Poutltng tho sat.!emont hlr. 'Waldner
continual hin business, tho rocoipta therofrom
10 20 10 tho credit Of his creditors.