The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-01-19
FROM SHERIFF TO ASSIGNEE.
The Well known Hardware House of Thos.
Golf In Trouble.

The Well known Hardware House of Thos.
Golf In Trouble.
The sign CLOSED by the sheriff on the
looked doors Of Thomas COTS hardware
store on South Main street yesterday was
the fist notice to the public that this we'll
known house had suspended. Several at
tachments were filed by creditors on Satur-
day, and Sheriff Jsffsris placed a deputy in
charge of the place. Mr.. Golf soon after
made an assignment to Patrick Kelley and
j. w. Jerome. which was filed in the county
recorders office yesterday morning. Lewis
Scott kept charge of the store for the sher-
if all day yesterday until about evening,
| whom those who had laid the attachment
consented to withdraw them and allow the
%assignees to take charge. The sheriff s Off
GER was then withdrawn and the assignee
took hold.
James Gourley was the first to attach the
house. He did SO on a debt of $1,4l2.40,
balance due on a p!omissory note. This
week. The next attachment WAS for $10,-
AL .O2, laid by the First National bank on
Saturday. A little later Frank Walker
sued out an attachment for $3l1.2S for rent
of the Main street premises. Other at
tachments about the same time were as fol-
lows: Upson Nut company, s11o.24; Chaplin
" Son, $3.50. IL; Alpene Safe company. $50;
]. y. Matt Iron Works, $56.75. The object
Of the attachments, the parties who laid
thom say. was for self protection.
After the place had been closed by the
sheriff those most directly Interested con-
sentcd to withdraw the attachments and
allow the assignes to take charge of affairs.
The Gourley claim had been assigned to
j. P. Wooiman. 1t had the preference.
The claim of the First National bank came
next. Mr.. Woolnan and tho bank officers
were willing, and the matter was fixed by
evening. The assignment gives the follow
ing as the debts: Fist National bank, $l0,-
421.o2; James Gourley (balance), $1,412.40;
Frank Walker (%rent), $3l1.2s; Patrick
Kelley (secured by chattel mortgage on
Sheep, $4,000; Janet G. Kinna (balance
on notes. part of purchase price of stock of
merchandise), $19, 600; Thomas Grimes, of
Helena, $500; First National bank Of
White Sulphur Springs, Spencer, Mayne &
Hoffman. of tho same place. and other
smaller creditors. Not over $4,000 is due
in the east for stock. The total liabilities
are about $4,000, it is thought.
70 offset this there are assets which, it is
believed, will more than exoecd tho total Of
liabilities. Mr.. Colt has a half interest in
an option on 10000 acres of land in Meagher
comfy, worth fully $S an acre. 1t is ocou-
pied by Miller 4 Golf as d sheep ranch.
Gotf's interest will be worth about $4,000
when the land is transferred. The other
assets include $4,000 worth of merchandise,
zeal estate in the Bassett addition worth
80. DOC, a half interest valued at SIG, 500 in
the sheep on the Meagher county ranch,
and about $4,000 in book accounts. With
out the land the assets are supposed to be
worth about $50, 900.
The house was formerly run by the late
John G. kinna and it was flom his estate
that Tnomas Q. Golf bought the business.
Tie has y fine stock Of hardware and mine
machinery with very little due on it. In
ability to make sales fast enough to meet
maturing accounts caused the trouble. Mr..
Cot stated yesterday that his assets would
more than pay off his liabilities, and that
the attachments were rather hnsty. He cx-
poets to be running all right shortly.