The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1882-04-15
DOW y AND OUT.
4. =. Stewart, Unable TO Con.
Time, Drops Out of
Business.

About 10 o'clock Thurday night per-
song who passed the store of A. J. Stew
art, corner of Austin avenue and Sixth
street, noticed an unusual activity inside
but thought nothing o: it more than to
imagine he had been having a rush of
business, was invoicing or something of
the kind. Those who passed by yesterday
morning, however, noticed that the
store was vacant and nothing remained
to tell whether it had been a grocery or
dry goods house nor was anything left
t. indicate who had been doing bust
ness there, save the sign which hung
oyer the walk. Those who pas ed along
did not know what to think of this, but
they realized the fact that stock of
goods lad been removed between two
suns. An Examiner reporter yesterday
sought to learn the cause of this strange
procedure, and was rewarded by discov-
eriug that Mr.. Stewart had become tenn
porarily embarrassed, and his principal
creditors were Messrs. Kellum Il Kotan.
He discovered that he would not b able
t. meet large amounts of paper coming
due, and attachments would be the nat
uaraI result. kellum h RotaR had
also become anxious about their
account and not being able to
meet 1t he proposed to sell them his
stock. The result was that after he
closed, one of their salesmeL went to the
store, an invoice was taken of all he had,
il was loaded on floats and everything
was out OF the house before daylight
kellum II Rotan got barely enough out
Of the stock to square their account.
The reason given for disposing of the
= loE - ntEaY,,rfal IN,
the day time it would be covered with
attachments in short time, and in that
way would render him less able to set
tie up. Besides what he owed Kellum
& Rotan, Mr.. Stewart states that he
has about 1920 with other houses.
and has enough on his books
and assets in hand to settle as soon as
he can make collections. He blames
city credits for being the cause of his
embarrassment. Some persons attached
great blame to the manner OF the trans
action yesterday, blu he claims that he
did it in order to make the most out of
his stock to pay his debts with, and he
believed that under attachment much
Of the goods would spoil before disposed
Of Some others say that kellum n
Rotan acted strangely in the matter,
but they well knew that 1t was only q
matter OF a few days when attachments
would begin TO pour In, and being inter
ested IN the stock four or five times the
amount of any other creditor, naturally
felt like protecting themselves. They
have learned by experience that Calves
ton never fails to Jump III and gobble a
stock, and though they have often been
heard to de recate such course as they
have had to pursue, they have been
forced TO the conclusion that they must
fight the devil with fire" The gist of
the whole thing is that Mr.. Stewart
found himself unable to proceed, and
sold his stock to X. X r., and it now re-
mains for INN to satisfy his other cred
itors, as be says he viii do in time. He
has worked his way mp from boy III a
grocery store to a business of his own,
and his past record has been such that
all will wish to see him on his feet again