Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-01-14
THE MUNcH-sEEGER BUSINESS.
Echoes of the Old Treasury Dedication
The Court Says Munich Must Pay His
BOndsmen.

Echoes of the Old Treasury Dedication
The Court Says Munich Must Pay His
Bondsmen.
Yesterday Judge simons rendered his decision in
the entitled Albert scheer ct al, executors vs..
Emil Munich. The amount involved in the suit is
$4,000. The suit grew out of the State treasury
defa)cation. Emil Munich was State treasurer. At
the expiration of his term of Office he went out cir
regularly The amount aggregated the enormous
of $164,O0O or Whereabouts. Charles scheffer
was one of Munchs bondsmen. The deficiency was
covered into the treasury, Munchs prom1ssory notes
being taken as security
To recover on these notes, the suit was brought
It has been pending since March 18th, 1875, mean
while the original complainant died and tn pres mt
plaintiffs, Albert Schefer, George R. inch and
others, pressed the suit.
The complaint 10 fact was brought to recover on
certain prom ssory notes executed by defendants to
VIM. -eeger and by him endorsed.
The answer defense in substance, that
Emil and Gustav Munich, two of the defendants, ha
transferred to Schefer, the plaintiff large amount
of personal and real property to be sold. the pro-
ceeds Of which were to be applied to the payment of
the notes; the property SO transferred claimed
fer had sold a large ortlon of the above property
aud converte1 the proceeds to his use that the
portion SO disposed of realized $4,000 or more.
That in discharge Of his trust, Scheffer
had SO conducted the business that he had become
liable to the defendants for the entire amount of
property received by him. to ts full value; and that
the defendants, other tn III Adolph Munch were en-
titled to Judgment against Schefer in large SUM-
to-wit, etc.
Adolph Munich set up as distinct defense that he
was su ETY. on the notes, and that he had been
lieved and released from ab Try by of Schef
fers conduct in the management of his alleged trust
The trial begun in July of 1916, and was finally
submitted after years labor. The testimony of
twelve fifteen witnesses taken; this was sup
pie en,ed by about 1000 exhibits, AID the thorough
inspection and examination.
Taken under Amusement.
Yesterday the decision fled gives q judg-
ment for the plaintiffs in the amount Of
&1l6 709.55 with interest thereon at the rate
of per cent. per aunum from March 18Th, 1878,
less the sum of S52,406.52.
The legal questions involved and decided were (u
that Adolph Munich should be held a ATTY to the
transaction (2) that trustee should be appointed to
take charge of the property and sell the same for the
benefit of the plaintiffs.
The property in question consists Of large tracts Of
land, some va liable pine lands, the Lakeland MILL
etc. 1t is presumed the remaining property unsold
will not realize by sale near the amount due on the
unpaid notes.
The plaintiffs were represented in this affair Of
great magnitude by Judge E. G. Palmer, and the in
terests of the defendants committed TO Messrs.
Morris Lamprey and II. J. Horn. Both sides claim
partial victory, but te substance seems to go with
| the Judgment for 900.