Morning journal and courier., 1884-07-28
THE GRAND UNI0N.
The Meeting of CreditOrs-Interestfn iOccasfOn- Proposition for a Sett1e- sment-CIaims and Assets.

ment-CIaims and Assets.
 Saturday afternoon the creditors of the Grand Union Hotel met in one of the parlors
 to decide what they should do to secure thei1 claims. Among those in attendance were
 H.B. Perry, Enos S. Kimberly, Samuel W Hurlburt, Louis E. Ryder, George Newell
 William Keane, William Rankin, F. N { Clarke, Seth Plumb, Joseph B. Morse, F. NJ I Lum, P. s. Bennett, w. P. Niles, George A. Tyler, H. A. Gray, Frank Craig, A. P. Hotchkiss and F. M. Hall
 MT. Kimberly presided at the meeting
 MT. Perry as secretary reported at the last
 meeting the claims footed up $10, ,306. 76. Since then $1 300 had been presented, making the total indebtedness s11, 1899. The con-
 mittee to secure buyer of the property re- ported that several had looked at it, but would not buy until the same was in the hands of an assignee. They were all afraid that they will not be clear under other cir cumstances.
 As MT. Post, one of the proprietors, was present, he was asked what his wishes were in the matter. He said he desired to do that which was for the best interests of the creditors, and was willing to do all in his power to accomplish the same During the last four months the business has run behind about S7,OOO. The assets are small and if the property should go into in- solvency there might be very little left for the creditors. When asked what the assets would bring, he replied that it would be worth more here than elsewhere. Some ofthe silver ware, table linen and furniture belong to Dr. Whitmore. I am not anxious to continue T advantage to me. The amount he could offer would probably not be satisfac- tory as it could be only about twenty-three cents on the dollar. I put $7, 900 into the concern and during the last year and half have drawn only S20
 The shrinkage cannot be explained only that no bills seem to have been paid lately and
 that Futile has left with the funds. There
 has not been the best of feeling between Tut tie and myself
 The articles of partnership were called for and read. It was quite 8 lengthy document and was drawn by Attorney G. A. Tyler in 1882 and he still waits for his pay.
 By the articles of agreement it was shown that Mrs. Futile and Post had each put in s, 300 in cash. MT. Post was asked how much more cash he had put in. He referred to his books and showed by the records that altogether $9, 720 in cash had been put in of which amount $5, 120 was his own money.
 
 the hotel, but the books are in such shape that no information can be obtained A statement was called for from Sheriff Keefe for the last ten days It showed $24. "A on hand to pay bill of $69.99 besides the rent. The creditors did not relish the idea of running behind and on motion of Lawyer Hall a committee consisting of s. w. Eurl-
 but, Frank Craig and H. A. Gray were ap- pointed to find out the assets of the hotel and report as soon as possible. The creditors then adjourned until 9 o'clock.
 In the afternoon the committee reported their inventory of the fixtures, the amount of which was withheld. Another claim of $135 in favor of Blair for furniture was pre- sented. The preferred claims for help about the house figure $422.42. The report of the committee on the assets did not seem to give much encouragement to the creditors. After considerable talk the meeting adjourned. Some of the creditors are willing to accept fifty cents on the dollar. Mir. Ryder was in favor of taking the twenty three cents and give MT. Post chance since he had put so large an amount into the enterprise