Telegram-herald., 1891-01-23


Amaones cAxeksr1ng = oeanoone ~9o1
Al MA esssas MaepAaS-
rrank chiekersng, ssslxass under The
dssd of trust given BY kowson bfoH %
secure credstezs. uas seen ~ hn olhoe
Ia the Tower block yesterday afternoon.
ssThere u no cause Tor alarm en Ne
part Of the cEeditors. !" aid he, 'stor !
ana persuaded tsAAs every dollar Of their
Indebtedness sill Be paid in fali. snd
that they viii eventually succeed 70
IAelr busaneee-"
ssNhy the attachment suitSY'
81 expected them. ID is not surpfls-
ing that they should follow. l think.
however, that g. soon as tue attaching
creditors realize that The nrm will -
able TO meet ali obligations II given
time, most Of them viii - w1thdrawn.
IA fact. come of them are OF little
value anyway, because the property
attached did not belong 10 kownou
Bros. 1T the time the levy was made.
They conveyed most OF this property
last Monday"
but MAS that not suspiciousr'
ssOn The face. yes, bat every one OF
the conveyanees MAS made tor valid.
existing consideration. The deeds were
gwen 10 satisfy honest debts. and II any
person questions the honesty Of Messrs.
Rowson or the grantees, they can settle
the matter by offering 70 take the lands
for the amount Of the elaine which
they were given 70 satisfy. The Row
sons have acted square and honest IA
this matter. aud there Is no niger IN
the fence"
.'some local creditors were left outr'
Eyes, but il MAS not through intent.
but oversight. Dregge a Co. were
overlooked IN the confusion; Alec Har-
yey A Heystek; but these gentlemen
and all others will he fully satisfied"
"Wiil you operate the millsy'
Eyes SIR; theirs is the best mill for the
purposes for which il Was built in this
city. am DOW taking an inventory OF
the stock and shall know the exact
value IN day or two. ] will give today
$l5. 900 for the lumber Ia the yard. Ii
is worth more than that. and competent
judges place il at 500 900. Twill take IL
at $4,000. j shall 60 ahead and con.
plete the firms contracts, which
amount tn ST. 900. Iexpcct that, when
this is done and the firms real estate Is
sold to settle their outstanding iiabll-
tiles. will be able TO chow q net sur.
plus above all their liabilities. of $2o.-
900. This 10 not idle conjecture. but
hard business fact. The Rowson Bros.
are too honest, upright and enterpris-
ing to suffer a complete downfall.
Their bigheartedness In helping Quig-
ley swamped them. Their honorable
transfer Ut their property. without re-
serve, for the benefit of their creditors,
will 60 great ways 70 secure for them
renewed confidence in business circles. !"
"How about the Converse replcyin
euit?"
"welI, they went to the yards at
midnight and loaded lumber on to .
car, after the assignment and subse-
quent to the filing Of chattel mort
cages covering the whole stock, and
took it away. The car was unloaded,
the freight paid, and the possession Of
the lumber transferred to me, not only
under q chattel mortgage, but also
under q deed of trust. am not cer-
tain that the other creditors would he
satisfied to permit the replevin to
stand"
"You may say, sir" said Mr.. CHECKER
ing in CONCLUSION, 'tnat the Rowson
boys will be on their feet in q few
months if only given time-and, as the
matter now stands, think We will take
that time. Good day."