St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-27
WALKER, JUDD & VEAZIE.
They Make a Voluntary Assign
ment Yesterday Morning,
A. L. jerks Being
Assignee.
The Assets Of the Firm Claimed to be
s450.0O0, With Liabilities OF
Half that Amount.
The Injury Done the Firm by the Pnbliea
ton Of False Statements rs to
Attachments.

Yesterday morning the old lumber firm Of
Walker, Judd K vcazie made a voluntary as
sigument 10 Austin T. jerks, OF this city.
II had been expected for several days; in
deed on Saturday last we hal knowledge that
the firm WAS embarrassed, but as they were
In hopes Of being able 10 arrange their mat
ters, we RETAINED from the publication of the
news. We. with other newspaper reporters
here, sgreed not to publish anything Of the
matter until we could get reliable information
from the parties or their solicitors. We kept
our pledge, and II another had done the sAmr
il is improbable the assignment would have
been made, as matteIs were in a fair way for
being arranged, but when Il WIS asserted in
the II. p. that attachments for $llS.o90 had
been entered against the firm, all negotia-
ton was broken Of, aud the assign ent
made. The total attachment at that time
against the firm in Washington county was
one OF $3.50, and the attachment Of SIlS,-
900 was made by the firm on property belong
ing 10 the 81. Croix Boom Co. Thus an old
firm has had to assign owing 10 false inEor-
nation given the public, in violation OF
agreement and when matters were in the
way of being arranged. The GLOBE always
do as IL agrees.
To give a clear understanding OF the causes
that led TO the assignment we will furnish a
brief sketch OF the company since its organi-
cation, or rather from the time that Orange
Walker came to Marine. In 1899 Orange
Walker, George B. Judd, Asa Parker aud
Hiram BerSey formed company for the pur-
pose OF saving logs, under the name Of the
Marine Lumber company, and in Is4S il
changed 10 that OF Walker, Judd s. Co., and
in 1862 10 Walker, Judd q VeaZie, the present
firm. Orange Walker, before he became in
firm, was 4 careful, conservative. business
man, but for some years past be has been
unable TO take any interest in the affairs of
the company, which falling into younger
hands was enlarged. The hard times OF the
past couple of years caught them spread out
too much, and although having an abundance
Of assets, they could not turn them into cash
couple OF years ago their business was
badly interfered with, owing 20 the 81. Croix
Boom company not keeping the river clear
so that they could get their lumber aud the
products of their mill At Marine TO market,
and they have brought suit against the Boom
company for SAG 900 damages. All these
things taken together put them In tight
place. On Saturday last they began negotis-
tons to be carried through, aud were pro-
crossing favorably with them, when circum-
stances over which they bad no control, ne
cessitated them to assign.
From all We can learn the assets Of the
firm will amount to $3.50, 600, and of this
amount there is lumber on hand amounting
to $40, 900: property in mill, etc, at Marine,
500, 900; stock of goods, $1,000; and the rest
of the assets are composed Of $4,000 worth
of pine lands, horses, harness, camp outfits,
lumber yard at ST. Paul, and accounts on
bills recoverable OF the frm. There is also
the steamer G. B. Knapp and thirteen
barges, the whole amounting to $3.50. 600.
The liabilities are from the smallest
amounts possible up to large sums. Among