The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1892-10-13
HALL MOVING MACHINE COMPANY.
Its Interests Are Involved in the Busi-
ness Embarrassments of L. s.
Ruggles of Auburn.

LEWISTON, Me-, October ~. - The
Journal has the following regarding a
business embarrassment in Auburn:
Five or six days ago the Journal printed
the information of the beginning of two
important suits by the Hutchins Machine
Company of Worcester, Mass, in which
Mr.. L. S Ruggles, a well known business
man in Auburn, was one of the three de-
PENDANTS. Attachments were laid in
these suits in the sum of $12, 500. 1t was
then rumored that Mr.. Ruggles had as
signed for the benefit of his creditors,
but such was not then the fact, although
it was generally understood to be pend
ing.
On Monday afternoon, at o'clock,
Mr.. Ruggles made assignment to George
G. Wing, Esq, of Auburn, and F. w.
Dana, ESQ.,, of Lewiston.
Mr.. Ruggles has been lively business
| man for many years in these cities and
has been reputed to be one of the Keen
est, safest and most prudent handlers of
money in Maine. He is a director of the
horse railroad and of some of the manu-
featuring corporations of these cities.
ment is in connection with the manufac-
ture of moving machine whose patent
rights are held in the name of the Hall
Moving Machine Company of Portland
and whose notes Mr.. Ruggleswith others
has endorsed.
In an interview with Mr.. Ruggles on
Wednesday, Mr.. Ruggles attributed his
assignment to the assignment OF the Hall
Moving Machine Co. of Portland, of
which company he was a director and
upon whose paper he was one of the
heavier endorsers. He was secured by
2, 100 moving machines, reckoned at $45
each and by $780, 900 of the Hall Com
pany's stock which has sold at par.
Mr.. Ruggles states that the Hall Now
ing Machine Co. contracted with the
Hutchins Machine Co. of Worcester,
Mass, for the manufacture of 5,00Omow-
ing machines at $45 apiece, with the Hall
Co.'s patents.
After 2, 100 of the machines had been
made the Hutchins Co. refused to take
the Halls Co.'s paper longer, thing
which Mr.. Ruggles says they promised
to do when the contract was made. The
consequence was that the Hall. Co. had
to assign, after paying the Hutchins Co.
some $24, 900 on the notes, and that on
goods upon which nothing could be real
lied till next June.
Three OF four of the Hall Moving
Machine Co.'s directors were upon the
Company's notes for 100000 or more,
and Mr.. Ruggles was.one of them. Al
vim P. Marsh a wealth Dixffeld gentle
man, was another, and a gentleman
named Bailey of Portland, another .
1t is generally understood that mod
erate-sized amount of Mr. Ruggless paper
is in these cities although most of it is
fully secured by collateral, in many cas-
es mill and corporation stock being the
gilt-edged material up against the
loans.
II owe no bills about town worth men
tioning,o said Mr.. Ruggles Wednesday.
AS to the suits referred to, they are
from the law Office of Drummond &
Drummono of Portland and are against
the Hall Moving Machine Co. directors,
Mr.. Ruggles being among them. Since
September 2S when record was made OF
two attachments in the sum of $1,000 and
$4,000 respectively, a third has been re-
corded ON October 9th for $1,000. The
writs are returnable to the January term
of the Supreme Judicial Court