New-York tribune., 1894-01-03
upLUNGERn WALTON ASSI6NS'
THE WELL KNOWN THURMAN sUCCuMBS IL
POOR BUSINESS.
LIABILITIES
THE GRAND uOTELA HEAVY LoAD-LAbihii'"'
AND ASSETS NOT EXACTLY KNowS-PhEf-
r,rxcE. FOR ABOUT 100000.

,ND ASSETS NOT EXACTLY hNo"N
rRrxcE, FOR ABOUT 10000
Francis r. Walton, known on "e -.
"Plunger' Walton, ana amo"s .', ., t,ro,d-
lessee and proprietor OF the Hrahh '",e'' " -
- 49,, rh,r,v a.t-st made an assignment se'-
- ay a' -. charies / walton giving preferences 10
po,or y Vilener PARK & Tilford, n. a. IpOe', =.
cors estate Of George Kemp, B. Rorhe JONI
t,stz IJecla Iron Works, Hush ''"S' - -.
Rrothers John Simmons Company Qua IN, 49,.
and Safe Deposit Company. OF Phiiahe'Pn'' , ~
c,eo, ReInecke e. CO.. Benjamin s. GURUS in1,,a' ,s
nolan Charles g. Warburton, and Sta'lo'" =.
Ter Those preferences are said ~ amour. "
,,oo 600 The assets are said to be In the n''7'
hood of 10000 Stafford & Whitaker c'"'', -
"a s,5 900 and ia on a chattel mortgage co'''o -
Grand Hotel winch Mr Walton '""h A r..S
firm and that OF Peter 4. Il. Widcner $"'v, 'y."
., those creditors however. are und"rs'Oou =" -"
,.,or secured with collateral than the others
rsenb A shon9y of the firm Of wing oh''ny
O. putnam the attorneys for IN" "S''7 -
au,boritv for the statement that the ahOu"'' ~
the preferred creditors were an Io' "'' 81.
and that The assignment had been caused Dy '"e
o. Ill, NOR condition Of the hotel business. Ihete
,rare no charges of misrnanagement, however !"
va made The exact amount Of the liabinueS e'H''
not be ascertained -. o. ba
| Az the Grand Hotel Mr.. Walton was not "
| seen lie had written on two cardS al "e - ~
saw which ..,o.,c,, and not
| Assignment was caused Dy s'''"s@'
having quick assets. H. o,,,, statement until
scbeduIes can be prepared, when VIII ~ 80. )" "a"
once and filed probably within a nay W - cr,rs
w n,ong the assets will be the lease OF We NJ S1r
Hotel which has years yet 20 run, III az h the
inre Of the hotel and some property o"heu " '''
| assignee In Cape May. a.. -L,ov,r
rTancis r Walton was one Of the pes,-Enown hIas
,urf and hotel men in this country -, re - S' -
lie as a newsboy Early interesting hmst" lncS ,n3 ~
ICING he made bets with phenOnlehal lueN 81"
Success for time. His fame howsVfr, 10 vent
srIunger' was not fully established untli ne WI. VIZ
q, ENGLAND in 1851 and backed the america" ssh
| Eoyhau and Iroquols. The coolness WIN WIFI WIFI
10 Won and lost enormous amounts OF money III 4.
M him to be called the "Plunger.' II was sa'" t ~
,hn, , time that ne won 10000 single racei aiaI
IL was his claim that he quit the season W.T. t.,
hv 500 900 In 1883 he spent another season - ia
land with luck bad It had been g2st m ~ a
| In his earlier day he was the propl'oaDt Z p - "
roadhouse philadelphia Later ne oo va Care
corder OF Deeds OF that city. In 80 ne t2oH c'aa
Of the ST. James Hotel in this city which ne 30, ~
| o o,sd until iss3 In 1888 he proprietor 1l ~
| S57octton Hotel. at Cape May. At one time ne hai
| street-ceanng contract In this cIty', 49,. e.o-,
Mr. Walton's lease OF the Grand Hotel uates ''"ii
| January 1888 and IS for eight years, ,,.., an.
The announcement made by ME- Ntstl't, ,,t,'. ~,
os the assignees attorneys. that in al pronah.nss,
,ha hotel would close in few days, but ne thol5t
~ certainly would not be permanent coslns. -, -.
the hotel the clerks gave the iniorma,ioH '"a' NS
| house was "to run just the same.