Morris tribune., 1882-06-01
F4ILUREloF L4NDBERG G. NASH.

About six o'clock on Friday evening last
il commenced to be rumoTed around town
that the hardware and farm machinery
firm of Landberg s Nash were in trouble
and had been closed up by creditors. An
hour later it became generally known that
one of the creditors, Janney, Brooks &
Eastman, of Minneapolis, had forced them
to the wall The particulars of the trouble
could not be definitely ascertained at the
time, and the crowd that gathered around
were mystified at the large quantity of
goods that were being loaded on Grays and
carted off to the hardware store of Wood
Bros, in another part of town. lnvesti-
CATION by Review reporter ELECTED the
fact that Landberg & Nash owed Janney,
Brooks & Eastman between 81 ,SOO and
81 400; that in the early part of the week
Mr.. Brooks had come to Mi bank 10 Sc
cure his account; that Landberg q Nash
had voluntarily decided over their home
stead in town, consisting of house, lot,
barn, etc, wsrth nearly So 900 to Janney,
Brooks & Eastman at a valuation of 81 900;
that Brooks left town apparently satisfied
but had returned Thursday evening and
insisted upon having the balance of his ac.
count secured; that Landberg & Nash had
endeavored to raise the money to pay the
balance of solue $3.50 but were unable to
do SO; that Janpey. Brooks & Eastman
then insisted upon taking goods 10 secure
themselves; that they did take the goods,
and from all accounts took goods 10 the
value of So, 800; that Landberg Il Nash
became unduly scared, and i'll their desire
to be honest and do what was right had
permitted themselves to be bulldozed into
making an assignment; that il they had
not been scared and bulldozed they would
have been able to pull through all right;
that the community at large heartily sym
pathzed with the unfortunate firm and
were loud in denouncing the firm that had
crowded them to the wall.
The above is fair report of the facts in
the case as far as could be aSCertaincd and
of the sentiment of the community. Tn,
news of the failure appeard in the st. Paul
Pioneer Press of the next MOI ming, and Oh
Monday representatives Of sundry creditors
made ther appearance upon the ground
amorEG Wh0aa were the following: Z. 5
Nichols, representing J. Thompson d Sons
Beloit, Wis ; Robt Cribb representing G
G.. Cribb, agricultural implements and
hardware, Milwaukee; G. III. Baldwin, rep
resenting &. B. Thurston, ST. Paul, ano
Mr. Hutchins, of St. Paul The remcva
of several thousand dollars worth of good:
by gannev, Brooks s. Eastman, when theil
claim was less than $400, is mystery tina
iemains to be solved, and the general i'm
preston is that there is some very crooked
work, at least the other creditors talk tina
way. On Monday afternoon it was OBJ
served that lot of the goods aiken from
Lsndberg & Nash were being removed
from Wood Bros store to the depot an,
loaded on cars. Measures were taken by
some of the other creditors represented
here to attach the goods, but before thu
proper papers could be g out the goods
were carried off on the evening east bount
freight. 1t is understood that the good
were consigned to Janney, Brooks & East
man at Minneapolis. AS we go to pres
we learn that all the creditors outside o
Janney, Brooks s. Eastman are making
combined movement against the latte
firm, and that there will probably be BIZ
picnic before the thing is settled. 1t i
generally considered that Landberg & Nasl
have been made the victims of conspira
cy to break them up in business, but tina
reaction will occur which will set then
on their feet again booming Both mem
bers of the firm are highly esteemed in tn
community and are known to be economi
cal and hard working men j. d. Good
of Morris, Mimi, for whom Landberg
Nash worked for five years, was here tn
evening the store was closed. and In cor
.versation with Review reporter spoke il
the very highest terms of his former clerks
The fact that they decided over home
stead which no power under the law coul
have taken from them, shows cenclusivel
that they were inclined to act honestly
Mead s. ROtert. of st. Paul, have been re
tanned by the leading creditors, who ev
IDENTIFY intend insisting upon their rights
Grant Co ID II Repiew