The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1893-08-10

Mr.. Frank, a miller of Kansas City
lately sold q car loads of flour in the
east and received therefor $500. A
green goods man ran across him and
offered to exchange the bills OF large de-
nomination which the man received for
smaller ones and pay one per cent ex-
change. The miller bit at the PROPOSE
ton and found he had been dealing with
green goods man.
A lynching bee at Corydon Ind. came
to grief on Sunday morning early. Two
boys OF that place named Conrad were
supposed to have killed their father.
They were notified to quit the country or
they would be lynched. They gave no
heed to the warning and early on Sun
day morning about 100 men proceeded
to the house to carry out the threat.
The boys learned of their coming and
armed themselves. They ambushed the
| attacking party and killed five of them.
The survivors fed and the young muir
derers had the field to themselves.
It is now pretty definitely ascer
tanned what paper is held by the Nit
chell bank which is regarded not
good. 1t holds S1,5S0,OOO of Schles
myers paper. OF this sum 100000
is good and the balance is secured by
mortgages given by Mitchell and
Johnston for the sum of Sl,250,OOO.
Corrigan, Ives & Co. paper is con-
sidered good. 1t is said that Fergu-
sons means were wholly bank stock
and this will certainly be wiped out
1t is thought that the bank stock and
the property turned over by Mitchell
and Johnston will be amply sufficient
together with the good assets to pay
all obligations.
Senator John Mitchell is acting quite
manly with reference to the creditors of
the Mitchell bank. He, John Johnston
and David Ferguson gave their notes for
sl,2oO,OO0to replace paper which the bank
had and which had deprecated greatly
IN value. As Mitchell, Johnston and
FERGUSON mortgaged all their property
to the bank after its failure SO as to Sc
cure depositors, it was necessary to bring
suit on these notes.
The Northwestern Mutual Insurance
Company has likewise brought suit
against John Mitchell for $4,000, the
company having that amount deposited
IN the Mitchell bank But the suit which
will occasion most comment ana in which
the sympathy Of the people will be Who'll
| ly with Mr.. Mitchell Is that brought by
| his mother against him to recover money
| due on an annuity and to restrain him
from dlsposing OF his property until her
annuity is secured Mrs. Mitchell evil
IDENTIFY does not care for the general
| deposltors and wants her large annuity
OF SS0,0OO per year continued and prop
erty sufficient withheld from the credit
ors of the bank to secure her this large
| annual sum.
When Alexander Mitchell died he left
the largest part Of his property to his son.
Mrs. Mitchell was left the homestead on
Grand Avenue, 100000 in cash and an
annuity of $4,000 per year. She was
not satisfied and threatened litigation
to secure her dover rights. John Mitch
ell made compromise which was very
favorable to his mother. He took the
homestead and agreed to pay her an an
nuity of $4,000 per year.
1t is an open secret that after the cred
itors OF the bank will be paid, John Mitch
ell will be a comparatively poor man,
and will be unable to continue to pay his
mother the annuity agreed upon. She
has a large establishment in Florida
where she spends the winter and another
at Thousand Islands in Canada where
she spends the summer. She rarely
comes to Milwaukee and her mode of iIv-
ing requires from $4,000 to $4,000 per
year. This style of living she cannot
continue if her sons fortune goes to the
banks creditors and the action commenc-
ed is designed to restrain him from thus
dlsposing of his property. The assignee
Of the bank says that Mrs. Mitchell will
have to stand on the same footing as
others as to her claim OF S2O0, 900 against
the bank. A great deal OF litigation Is
apt to ensue from Mrs. Mitchell's claims,