The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1892-12-29
UNFORTUNATE MlNNEAPoLlTAN
A Disastrous Speculation.

Minneapolis, Special Telegram, Dec. 27-
n. 5. Corser, the veteran real estate
and insurance agent and supposedly
one of the soundest business men finan-
cially in Minneapolis, is badly embar-
rassed and will make an assignment,
probably to-day. The firm of e. S. Cor
ser Il Co. is also involved and will as
sign at the same time. The other men,
bers OF the firm are L. b. Elwood, Wal
ter u. Badger and A. L. Belknap, all
we'll known in the business circles of
Minneapolis.
1t is practically impossible at this time
to even approximate the result. Mr..
Corser himself thinks that he will be
able to meet all his obligations nearly
IN full. He puts his assets at $1,000
900. -.
The assets will amount to about
$loo,OOO in excess of the liabilities"
he said. THE amount received by the
unsecured creditors will largely depend
upon the management and successful
handling of the estate by the assignee,
the greater part of the property being
real estate. The assignee has not been
appointed yet, but will probably be Sc
lected this week, and it is likely the pa
pers IN the formal assignment will not
De issued until tomorrow, or later in the
week"
We shall probably continue in bust
ness IN this city, and will undoubtedly
follow the same line. If our assets do
not cover the amount of our liabilities
we shall consider the amount OutstaLd-
ing among the unsecured creditors a
moral debt, and shall consider that we
nave not discharged our obligations until
we nave paid that amount in full.
Chlet among the assets are a 5000
acre farm near Crookston, of which 1000
are scWn each year to wheat, and in
ccI1 ection with the farm he runs an
elevator at Crookston. His principal real
estate possession il Minneapolis is a
large interest in Oak Park addition. Some
OF the leading business men Of the city
are interested with him in this property,
which OF late has been a good deal of 9;
load to its owners. Mr.. Corser also owns
a $4,000 lot on Vine place and valu-
able lot on First avenue, opposite the
postottice. He has over 100000 tied up
in the Lyman G. Dayton estate, and this
has been a drag on his resources con-
stant]y. Other property of less value he
has in various sections Of the city. Much
of it is excellently located and under
fair real estate conditions could be easily
realized upon.
"GettinE Along Nicely"
Washington, Dec. 27.-'Mr. Blaine is
getting along nicely" was DR.. Johnston's
reply to the question as to the condition
of Mr.. Blaine's health. The hour was
$50 and the physicians had just emerged
from the household of the historic man.
sion on Lafayette square. He had re-
manned with his distinguished patient
just thirty minutes by the watch, and so
well satisfied was he with the improve
ment shown that he remarked that he
did not expect to return to the house
again tonight. When asked as to the
probability of Mr.. Blaine's removal in
the near future, DR.. Johnston's reply
was that he never had but one state
ment to make about that, viz: That
such a contingency was too remote to be
discussed. At present Mr.. Blaine was
doing very well, and it was his condition
each day that concerned him rather than
what his movements might be one week
or one month hence. When asked a day
or two ago if Mr.. Blaine was permitted
to sit up, his reply was that
he would not be permitted to
do so II that was his inclination. To-
day was generally observed as holiday.
Mr.. Blalne's house was brilliantly
lighted this evening, and there was every
where maintained q cheerfulness not OBJ
servable in members Of the family for
many days past.