Morning journal and courier., 1891-08-18
A SETTLEMENT EFFECTED.

The Creditors of the old Colony Dis-
 tflleries Company Meet and Vote to
 Accept a New or Modified Propos1-
 ton of Messrs. CurteI and WoOlner.
 A meeting of the local creditors of the
 Old Colony Distilleries company was held
 yesterday morning in Harrison & Zacher's office and decided unanimously to accept
 the proposition of Woolner and Curiel
 tending toward 8 settlement. A report
 that the proposed settlement was the most favorable way out of the difficulty was pre-
 sented by the committee, consisting of General 8. E. Merwin, Hugh Daley and F. A. Betts, who went to New York to confer with MT. Curiel, and the creditors voted to | accept the proposition.
 The plan that was finally offered in be- | half of MT. Curiel by Judge Harrison, and | which the creditors agreed to accept, is as l follows: Woolner and Curiel will establish l a new company to carry on the distillery business. As security for the claims which l they now have against the present concern
 (practically MT. Woolner himself), they will take a second mortgage on the prop erty. To the other creditors they will give 10000, the amount of their claims, in five-year first mortgage bonds. The bonds | will draw 6 per cent. interest payable ! semi-annually in March and September, I and they will be redeemed as follows: Ten
 per cent. the first year, 10 per cent. the | second year, 20 per cent. the third year, 20 per cent. the fourth year and 40 per
 cent. the fifth year.
 There is little doubt that the settlement will be effected as about 90 per cent. of the creditors have agreed to it, including Bos- ton firms that hold S42, ,OOO of the claims After the meeting of the creditors At torney 0. s. Hamilton, who recently peti toned to have the concern declared insolv- ent, appeared in the probate court and ask ed to have the hearing on his petition con-
 t;nued to Monday, September 7, pending the settlement proceedings. Judge Robert Harrison obtained from the court permis,- sion to place Constable Charles R. Spie-
 gel in charge of the distillery company's
 property, and MT. Spiegel assumed posses
 sion at once, @ warrant being issued by
 Judge Robertson.
 So it is probable that settlement will
 be effected within the next three weeks, which settlement will relieve Messrs Wool ner and Nathan from the serious responsi-
 bilities which they are now under. The new company do not propose to manufac- ture whiskey but will make their principal product molassess rum and high graded spirits.
 PRESIDENT WEEK AT SARATOGA About Four Hundred People Leave Yesterday on the Housatonic Excur- sion. Nearly four hundred people from this city went on the weekly Saratoga excur-
 sion yesterday by the Housatonic railroad This is "president's week" at Saratoga, and the added attractions will draw an i'm
 mense crowd to the famous summer resort. Among the excursionists were: P. M. Mo Namara and wife, the Misses Lizzie and Mary Scanlan, Mary E. Ford, Miss Jennie
 Donovan, George W. Banning and wife, the Misses Gower, E. Schonberger and
 wife, E. F. Judson and wife, Walter B. Judson, Mrs. R. F. Bushnell, George E. Dudley and wife, Frank c. Bushnell, wife | and daughter, F. A. Hosman, wife and | daughter, Leonard Bostwick and wife, ! George A. Isbell and wife, Mrs. Albert
 E. Seaman and Mrs. Willoughby,
 Mrs. s. H. Robinson and Mrs. f. W. Pierpont, Miss Lila s. Geer, Miss Min
 nie Clapp, Mrs. Phoebe Clapp, Miss Katie Clapp, Miss M. B. Fuller, E. P. Scheffer,
 c. W. Cramer, W. E. Harvey, D. Me Pherson, Lyman Russell and wife, Mrs. Charles Burwell, Mrs. Anna Harris,
 Mrs. Merritt Russell, A. Jacobson, Frank Wittstein, Mrs. H. W. Peck ham, Mrs. R. J. Tyrrell, William H. Brown, Miss Pauline Wagner, Mrs. Lowndes and Miss Nellie Lowndes, Dr. F. W. Brown and wife, Mrs. Cornelia s. Brown, H. G. Newton and wife, Fl, H. Newton and wife, F. H. Futile and wife, L.. W. Barnes and wife, MT. W. T. Porter and wife, Miss E. E. Hart, Mrs. J. M. Hugh son, Harry Martin and wife, J. S. Burwer Miss Lena Burwell, P. H. Mclean, J. s.
 Burwell, Miss Genie Whitney, Miss Libbie
 Reed, George w. Thorpe, C.B. .Woodworth
 and wife, Harry Hide, Miss Katie Ryan,
 Miss Mary Ford, Miss Lizzie Jones, Mrs.J.
 H. Waterman, Mrs. J. L. Baldwin, Miss
 Sarah Lagging, 0. Marcy and wife, Oswald
 Bell, Miss Mary Lagging, James Keane,
 P. M. McGurk, Mrs. J. A. Parmelee, Mrs.
 F. M. Dowles, Mrs. Colonel Woodbridge,
 Mrs. Louise H. Sage, Mrs. James R.
 Stevens and son, Lester H. Colter,
 Mrs. E. Smith. J. E. Lawrence, c. B. Woodworth and wife, Mrs. Julia Miles. Mrs. H. H. Wilson, J. s. Burwell and wife, H. R. Stevens, Mrs. George Parker, Miss Jennie Cummins, Miss M. Conlan, Miss K. Rockingham, Miss Upson, Miss King, M. F. Sullivan, G. J. Stearns, Miss B. Johnson, J. Toohey and Thomas