Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-08-31
n SUSPENSION.
"A truthful statement OF
~ r,u.es that Brought
:" II About.
x.ke. the Public Into His
sos and Lays Bare the
CT Fact. in the Case

i tn trouble the public with
Affairs of this paper, its
. 'isrf lad intended to refrain a, fro. from
tnrther statement in refer
az .n But, as the statement
A an Yesterday mornings Demo-
h Z, : many respects, false, we con-
4 Z. 10 ourselves, and to the pub
full and explicit statement
4 usiier. ,,.,,oa -. 49,
..,,rer three years ago the LIST
H nth. In May, 1884, he resigned
n .,,,ment, having, in reality, had
40 with the management
.,er after January /, 1884,
..,,mber / OF the same year. 1t
a ,.aembered by the citizens of
d mat, at the last named date,
u \ tbe complications into which
A ,s,rr was drawn by the failure
Il ro,ss Investment company, the
,sln the hands of the sheriff for
4 isys and would have been sus-
u a. that time but that the present
f i, Al the urgent solicitation of the
A ~ II the Fort Worth Publishing
d =, lebo were then the owners of
A .o., consented to assume the man
a !, dscharge the Indebtedness of
,,,rsnd run It until some disposi-
. ,,sla be made of the property, which
4 ttn IN litigation.
n a. ibis agreement the paper was
frYtl the 9TH of February this year,
h was sold ut trustees sale and
4 ssad by the present manager. For
4 1rhsse.moncy the purchaser eXecu-
H. The 10Th OF February, deed of
1 hr four $4,000 notes, falling due,
. siyely, in three, six, nine and
h months. Shortly afterwards the
ssfy was sold to THE GAZETTE com
A which was composed of b. Il. Pad
4 \. +. Maddox, j. W Swayne, w. 5.
aon, J. ". Pratt, w. l.. Malone,
z. 0. Ford and George u. Loving, all
Nom were directors, as well as stock
y. None of them, except the last
gentleman, however, ever
Nd cent in shares of
company, though each held ten
1, amounting to $1,000 of stock.
int Of the four notes above re-
10 was paid sometime before ma
b, The second maturcd on the 18th
Nj. The payment of this note had
provided for by the sale of THE
tTK job Office. The purchasing
however, failed to discharge the
sccOrding to agreement, conse-
won the 10th instant, three days
maturity of the note, the City Ma
bank demanded and took posses
o. The GAZETTE property to satisfy
\ chlln, which amounted, at that
iacladlngimterest, to about $1,000,
'ed Of trust being so drawn that
~ to promptly meet any one of
Rolcs at maturity muturcd them all.
same bank also held unsecured
p against The GAZETTE company,
EpHilng $1,000, $500 of which,
'Eer, had been advanced by Presi-
Am. Britton, with the distinct I'M
handling that default in the payment
~ on or before August 4th, inst,
PA entitle and authorize him to as
possession of the entire property
iNI GnErrE, with the proviso, how
hal ne would also assume its en-
lndebtednesS. The loan was con-
mated on or about July 20th.
'le first day of August there was a
'lDg Of the directors of THE GA
y company at THE GAZETTE office,
Ieaieh occasion the manager stated
oaiess ne conld make arrangements
w money II would be necessary to
Iyse 0t Inc property; that his object
,alag Ihe meeting was to advise with
'Aleclors, and If nothing else could be
y procure authority from them to
W property and that the president
lfVlty National bank had animated
" would take charge of the property
discharge its Indebtedness.
directors thereupon passed reso.
sau'norlzing the manager to make
1Sposltion of the property as h,
upcdlent. Finding himself utterly
Wulscharge the debt due the banl
. aSsM :, the manager rendered tC
4 WV Brltton the entire GAZETTE es
4 s.aeuI, only asking that the liabili
accompany should be liquidated
.Ai''on, however, asked few days
~snaple his friends, or the would.
ss .lasVfs OF the plant, to form com
~ sel every thing in readiness
os F was cheeriully granted, ant
~ never withdrawn from that day
sau1achment was served, cxccp'
, III, ulree days in consequence OF
W OF information from putative
\, 1u reliable authority that somC
"A s,lselors aud others, who had pre-
s.s ueen intimately associated viii
|iss,h l were using unjust means L
RAW, Oank and other business mel
soa nSIu support from the paper unit
n s.a practically secure possession
N lpl ofthls information the prop
eo,s', rellnquish the property simpi,
iDsSiussIation of the liquidation o
ats, r was withdrawn
' NY days. The offer then stoo,
IN, IN y he property was attached.
o,aas s sheriff had taken charge o
M 10y NV the manager declined I,
!. sai~ss,ue the paper until matter
sn slusled. This action was determ
n an XIV 10, l9r several reasons, the prin
M Nv oeing that he was acting unde
Nuul COuuga1 ,,.l