The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-11
.rvA1as OF THE RITzIEGERs.
:, Wasting Of Creditors Last Eyening-In-
ih' erease in tho Assets of the Firm.

n,.ating of the Ritzingers' depositors at
HALL last night was quite large. some
- ,sA., ar ninety being present. The organiza-
es - tbe frst meeting, with Gabriel Schmuck
wv. -.s;dant and G. @. Koerner, secretary, re-
.s.sa Mr.. Schmuck, of the committee
m''' .o,fsr with the Ritzingers on the
.s;,;,v Of their assuring the settle
If the business, said he regretted his
s,,,;.v 70 make satisfactory report The
~'s -,;,tee met the Messrs. Ritzinger on Satur-
Int nothing could be done, as they were
Ill depressed over their misfortune. At the
as meeting the action of the depositors was
: :, haeore them, requesting them to make a
''i o.;.;on as to what they could do in the event
,roperty was again put it their hands for
:. hsnaft of the creditors. He expected them
w Ia written report, but during the day A.
70 mps.v;noer came to him and said they were
y. ~ ~ make any definite proposition on &C
nnaD . of their inability to examine the
eouns At present The books were in the
s..as OF the assignee and his clerks. he
n snayh however. he would have a statement
ta Ousd bv Friday Mr.. Ritzinger further told
hat he and his brother would do all in their
niLn ~ - make good the loss. Mr.. Schmuck was
pO DOVE with the belief that from sixty to
Iarantv DER cent. could be realized on
~ ssssts Mr. Ritzinger did not think it would
"a less than 70 per cent. Mr. Schmuck acvised
W. not to sell their claims for small
uporrts II was to the interest not only of de-
sn n.;.ors hut to the city at large. to secure
has, settlement possible. He thought that
sn e. wan could do better service in this respect
.h.n general meetings OF depositors. de sug-
assted that trustees be appointed to transact the
Sns;ness nroposed with the Rltzlngers.
sra trnstees be appointed for that purpose, and
.hat form, of consent be circulated among the
Saros;tors for their signatures as follows:
u' I'VE the undersigned depositors of Ritzingers
h.nk hereby agree to appoint and elect the fol-
having trustees thereafter named) to act as our
aoants in procuring the best settlement possible
q our claims. and we hereby agree to abide by
,hsir decision and judgment. Said trustees are
;nstructed. if the same be possible, to placeAhe
sairs of the bank in the hands of the Ritzinger
Srothers. to be wound up by them. Said trus
taos shall give proper security for the safety
II the funds if they are placed in their hands"
The trustees appointed are Gabriel Schmuck,
! a Schumacher, Joseph Becker, George A.
dickson, FRED Deitz and Wharton r. Clinton,
with G. c. Koerner, as their secretary. Copies
a the consent will be placed at the County Com
mssioners' Office and at the Office of the Frank
lin Fire Insurance Company for signatures.
When the names are obtained the trustees will
The Ritzingers yesterday filed with the county
recorder paper supplementary to their deed of
assignment This was for the purpose of
remsdying errors in the original deed as to GER
tain descriptions of real estate, setting forth ad-
dtiona assets and explaining other items to-
which reference has been made. The firm real
estate thus turned over to the assignee and
omitted in the first instance are lots !, z A. 5. g.
7and in Chauncey l.. Turner's subdivision of
The west half of lot 10, johnson heirs, the taxable
value Of which is rated at 81, $50. A. w. Rit-
Fingers individual assets are also increased
By lots 3S, 80 and 40 in Mrs. E. "A Gains
Irvington addition, with taxable value of $3.50.
The cash items given at So, 600 in the first deed
are explained as checks, drafts and tickets, the
greater part of them being for small sums. Ac
counts and notes of Ritzinger 81 Go. due
In the tobacco business conducted by c. W. Bag
gsrly agent, at No. 16 West Pearl street,
amount to So, 28S Is. The stock and fixtures are
invoioed in considerable quantity, but have no
values attached The notes held by the Indiana
National Bank, to secure $22 500, are given at
81, and notes secured by collateral, in the
hands of certain parties, for collection at 81, :
8A6Q There is due A. W. Ritzinger from the
firm 49, 584 20. A list of doubtful notes and
other papers, aggregating $21, 878 81, is set out.
There is also a schedule of miscellaneous papers
owned by Ritzinger & Co., amounting to ST.
1922 The accounts and notes owned by them,
as belonging to the business conducted by Theo-
dere A. Pfafiin, agent, are given at $18. 1896 &c.
Accompanying the paper is a corrected invoice of
liquors and cigars, at No. 81 West Washington
street. the value being $l0,04079. The amount
Of the above not expressed in the deed of assign
msnt, 10 $63,30I72.