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

it advisable to have an ASST znse appointed
and named Soc Drew as a suitable person
to be assisted by IN 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
TODD was to dismiss the attachments and
then talk about an 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.
]. r. Gamble, one Of the attorneys for the
attaching parties, was of the opinion hat 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 we're 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 im2racticable.
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
I 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.
I morrow night MIR. Farmer would be nut in
bankruptcy. If the attaching creditors were
willing t, withdraw then those presen'
could appoint somebody to take charge o
affairs. Iftae at ching creditors declined
e Mr.. Farmer would be in bankruptcy before
Z tomorrow night.
IS DR.. Burleigh wanted the views of credi
tors present aud called on them for an ex
preston.
j. w. c. Morrison-Mr. Tripp es
q presses my views exactly.
e L E. Jones-Let u; appoint some good
receiver and g, ahead. l am opposed t
;, bankruptcy.
James Clowe..l have concluded that b
v bankruptcy We gst nothing. An w,lliu,
to accept the proposition, and d,t,e he,
we can.
James Prentiss-I dou't want any bank
rupty.
George Wa5ner-I am oae OF tue p,r,ie
represented by counsel.
~ Mr.. Wells, treasurer of Bon Homm
county, am willing to do all l can to FOL
ward the best plans so that all may get
share.
10 Stranger in the crowd-B-forc I conser
e to bankruptcy l will give Mr.. Farmer
Q clear rc.ip,.
J.J. Felber-l am willing t, wi,hdra,
and become an equal sufferer with the res
l want things I o CONE to a focus.
Mrs. Baker, BY attorney, opposed bank
rup'cY proceedings.
Peter Jenal, by attorney, was perfett)
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 flu
ther as TO what amount could be realized
lie was 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 Parmc
' thrown into bankruptcy, but it was not to b
. expected that any one would release a lega
right without a legal proposition was fri
: made.
Oliver Shannon, as attorney for parties in
= terested, did not think a bankrupt cou,
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. It could be sent to the creditors. ;
{ necessary.
Rev. Joseph Ward suggested that a trus
tee be appointed, under bonds, and a com
. mittee to consult with him.
=. =. Smith, as attorney, wanted to kno,
: IT the attaching creditors wanted a p,cu
> mary recompense. Cries of "no, no."
Smith-Then are these creditors willin,
to release their attachment?
Burleigh suggested that Tnpo made
] statement.
Nh. Trip said Mr.. Farmer had no pro
! position to make. The matter was in III
honda oe tba oroJ:to.,