Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1878-01-22
J.. NJ. Fogerty admitted that this was the

best way to FIX it.
S. II. Gruber suggested that it was best
to know what the assets consisted of, thought
it advisable to have an ASST znse appointed
and named Soc Drew ~ u suitable person
to be assisted by an advisory committee.
The only question was, would the attaching
parties relinquish their claims.
Phil. X. Faulk thought there was no use
proposing plans until the attaching parties
gave up their claims. He opposed bankrupt
cy and called for a further explanation of
the assets.
8. H. Gruber intimated that the first thing
to do was to dismiss the attachments and
then talk about nm agreement between credi-
tors.
s. L. Sphinx, was of the same opinion. 1t
was no use to further discuss the matter un-
til it was certain that the parties to the at
tachments would withdraw claims.
DR.. Burleigh said that was just the point.
One man, by standing out could break up
any arrangement.
j. r. Gamble, one Of the attorneys for the
attaching parties, was Of the opinion that all
proceedings begun at the wrong end. The
proposition was that attaching parties pres
ent dismiss claims when there was only a
portion Of them present. If all the credi-
tors were willing to agree to this compromise
then his clients would bein q position to act.
His clients could not release a legal right
until a legal proposition was made. No
creditor could speak for any one but himself.
If all the creditors would give satisfactory
evidence of their willingness to come to an
agreement his clients would acquiesce. One
creditor failing to agree could come in and
turn all these proceedings againt them.
Mr.. Spink's opinion was that Mr.. Gam
ble's proposition was utterly impracticable.
The creditors were scattered all over the
} country and could not all be got at. The
! first step was to be certain that the attach
ing creditors were willing to release. He
) did not believe any one else would make
! trouble if an honest assignee was chosen.
If the meeting could aot agree, before to.
morrow night MIR. Farmer would be nut 10
bankruptcy. If the attaching creditors were
Y willing I, withdraw then those presen,
could appoint somebody to take charge Of
affairs. Ii TIE at ching creditors declined
E Mr.. Farmer would be in bankruptcy before
Z tomorrow night.
8 DR.. Burleigh wanted the views of crsdi
tors present aud called on them for an eX
preston.
o j. w. C. Morrison-Mr. Tripp ex
q presses my views exactly.
e L Z. Jones-Let Us appoint some good
receiver and g, ahead. l am opposed t
bankruptcy.
James Clowe.I have concluded that b
" bankruptcy We g:t nothing. An w,lliu!
to accept the proposition, aad d,tne he,
we can.
James Prentiss-I dou't want any bank
ruptty.
= George Wasner-I am oae OF tue p.rtie
represented by counsel. y
70 Mr.. Wells, treasurer of Bon Homm,
county, am willing to do all l eau to for
ward the best plans SO that all may get
share.
Stranger in the crowd-B.fore I conseu
to bankruptcy l will give Mr.. Farmer
clear nc.ipt.
J.J. Felber-1 am willing t, wi,hdra,
Il and become an equal sufferer with the resi-
l want things to come to a focus.
Mrs. Baker, BY attorney, opposed bank
rup'cY proceedings.
Peter Jena|, by attorney, was perfect
II willing to realize every dollar with the lcas
If possible expense.
d J.J. Boyd, attorney from Cedar count,
stated that his clients were willing to TAX
the best means TO secure the most none
& possible. He did not know Mr.. Farmer
standing, and wanted to be informed fuy
ther as to what amount could be realized
He vas not willing to release without som
satisfactory showing.
Another Cedar county attorney said Ii
was these one who commenced their bank
ruptcy proceedings. He did not want Parme
: thrown into bankruptcy, but it was not to b
expected that any one would release a lega
rient "ltnoot a legal proposition was frs
made.
:. Oliver Shannon, as attorney for parties in
terested, did not think a bankrupt cour
such a terrible bugaboo. He didn't scar
worth a cent over a bankrupt threat. H
wanted fair dealing or nothing. He sue
gested that Mr.. Trip make a propositio,
in black and white, to be signed by the cred
itors. 1t could be sent to the creditors. i
necessary.
Rev. Joseph Ward suggested that a trus
tee be appointed, under bonds, and a com
; mlttee to consult with him.
E. e. Smith, as attorney, wanted to know
if the attaching creditors wanted a p,cu
mary recompense. Cries of "no, no."
Smith-Then are these creditors WILLING