Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-16

his pals among the creditors was secured
by obtaining the votes of majority of the
creditors, who were nearly all, as has been
remarked, Norwegians. Uuder the law
! Nelson superseded the provisional assignee
and took possession of the estate.
FAT THING.
Here his talents had full sway, and with
the aid of one or two others as unprinci-
pied as himself the estate was plundered,
and upon final settlement distributed
among the creditors the handsome sum of
one and thirty five one-hundredths per cent.
as the last and only dividend ever paid.
The records now on file in the Office of the
trict of Wisconsin are extremely interest
ing, and develop a delectable record for
the Norwegian infidel and would-be con-
gresham.
The inventory of personal and real prop
erty belonging to the estate, and filed by
Knute Nelson as assignee, shows a large
amount of property upon which no value
is set, and lot of book accounts said to
be taken from the ledger of the bankrupt
Nels P. Nelson to the amount of twelve
hundred and seventy-five dollars and
twenty-one cents ($1,275.2D. OF
this large sum, the assignee re-
ports in MS final statement of account
the grand total as collected of fifty dollars
and serenty-sic cents ($5O.76); personal
property sold of seven hundred and ninety
two dollars and seventy two cents, ,(S792.72);
real estate, four hundred and seventy dol
lars, (s470). Total receipts from the es-
tate, as reported by him, $1,313.4S;
expenses, $25O.85; balance, S1,062.6s.
LIBERAL DISCOUNT.
In the account of sales appears one very
interesting item. One Thos. Nelson is re-
corded as having purchased the book ac-
counts of Nels P. Nelson, which we're, in
point of fact, of the amount of S1,275.21,
less $50.76 collected; balance 81 ,224.45, for
which he pays the sum OF t,Uelre dollars
and sereaty-fcc cents, OR about one per cent.
of the entire amount. The accounts were
nearly all against farmers and were main
ly good. This same Thos. Nelson also
buys promissory notes for which he pays
thrifty dollars and fifty cents. AS these
notes are not enumerated anywhere in the
inventory their amount can only be con-
jectured, but if he bought them as cheaply
as he did the book accounts, they must
have been in excess of $4,000. AS to who
they were against, rate ofinterest or date
ventory of effects are both alike silent.
That this Thos. Nelson, who quietly pur>
chased SO large an amount of the effects
of this estate, and who was an intimate
associate of Knute Nelson, united with
him to rob the creditors, is an inference
which the character of the two men,
and the meagre records of the court natur-
ally suggests as the most probable facts in
the case. That the estate was plundered
of all but a mere pittance, which was then
thrown to the creditors like a bone from
which the meat had been carefully trimmed,
to hungry dog, represents the case of the
settlement of the estate of Nels P. Nelson,
bankrupt, of which Knute Nelson was
assignee.
After having deducted the sum of two
hundred and fifty dollars and eight-five
cents for expenses which was sduly item
lied, the assignee from the balance of
moneys on hand, $$1,O62.63, makes the
following deductions:
Paid assignee amount he is al
lowed by law. aw................S 1927 8s
Paid assignee's attorney ........ 100 90
Balance costs. 21O 73
Attorneys assignee e.. SO 90
Total paid assignee ........ $48S 81
nice little sum certainly. The balance
after deducting $446.30 paid preferred
creditors was distributed among the gen.
eral creditors. The amount of such distri-