Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-06-06
An INTERESTING CONTEST.
InvOlvinE n Tw0.MiIlIOn DOIIar
Plantation IN Louisiana. Belong
log 10 Ptttsburg C~apitalisIs.

Involving n Tw0.MiIIIOn DOItar
Plantation IN Louisiana. Belong
log 20 Pfttsburg C~apitRlisIs.
Special Dispatch to Cincinnati Enquirer.l
PITTsBURG, Penn, June IAN inter.
estiug contest, involving a quarter of a
million dollars, is now being waged in
the United States District Court. 1t
will be reeollseted that after Z & J..
Watson, the coal men, filed their peti.
lion in bankruptcy, the overseer of their
sugar plantation in Louisiana repre-.
scented that a crop of cane had bsen
planted, and that animmsnss loss would
eusue we're the crop not cultivated
and harvested. He stated that If
the colored laborers we're not regu.
larry paid they would attach mules
and other loose property, and there
would be no end Of trouble. The plan.
tation is said to be worth over 5000, 900,
and the mule power, cane.mills and agri.
cultural implements $50. 1000 more. AS
the interests OF the creditors demanded
that the property be taken care OF, judge
Sterrett, on behalf of the executors, in.
duced nearly allthe creditors to pass a
resolution to mortgage the plantation for
enough money tn carry it on.
Joha Barton, ESQ executed q mort.
gage for $4,000, the Farmers DepositinQ
Bank advancing $4,000, and DR.. Hostel.
ter, the assignee, the other $4,000. Mr..
Samuel George, it seems, went down and
took an observation Of the property.
Some time ago this mortgage was ex.
tinguished out Of the fund ariaing out Of
the sale Of the steamers Annax and Ark.
About this time 1t is said that another
mortgage was put on the property, or
had been taken some time before, by a
man 10 New Orleans 1t seems that Mr..
Joseph Walton bought this mortgage and
forthwith gave notice that he would take
| steps to foreclose as speedily as possible.
Here, then, the tug Of war began. II is
claimed that o day or two after DE-. Hos.
letter, the coal man, Of bitters fame,
sailed for Europe, Mr.. George employed
Sol S~choyer, jr, Esq who went into
the United States District Court aud got
the order to reimburse the bank out Of
the fund arising from the sale Of
the steamers. The next move, Hostel.
ter's counsel claim, was to fore.
close the mortgage held by Wal.
ton, and Messrs. John Barton and
Clark. The latter, a Beaver coun.
" lawyer, who is intrusted with the legal
management Of the bitters manufac.
turers business, girded up their loins to
resist and there have been several argu.
menIs before Judge Ketcham. Mesars.
Barton and Clark contend that the time
chosen, was while Hostetter was away
for the purpose Of preventing his making
a good fight. The cable has been
brought into requisition to apprise the
doctor, but as he has not yet landed be
has not been heard from, and in the
meantime Messrs. Barton aud CLARK
are e~ndeayoring to- prevent action
until be can be consulted. They
charge that il the mortgage is fore
closed the property is likely to 60 for O
1.-THE Of its real worth; or, to put il il
plain English, that Walto1 aud Sam
George, who is cashier of the Farmers
Bank, are trying to bornsWoggle the
valuable plantation,