The herald., 1894-03-23
POMONA.
hit. Nesbips Financial DimcuIty-LocAl
Notes

Mr.. Nesbit's Financial DImcuIty-Local
Notes.
POMONA, March 22.-The town was all
agog over the announcement made by
the HERALD that the financial collapse
OF Rev. A. W. Nesbit, q rsputed capi-
talist, had occurred. and naming his
creditors as our main banking institu-
tions and a number OF prominent citi-
zens of Pomona.
In view OF the fact that the article
was somewhat inaccurate in parts, in
Justice to Rev. Nesbit the following
facts, CLEANED by your correspondent,
are given:
1t is true the affairs of the Messrs.
Neshit Of this place have become in
volved. II there is any failure at all it
is that of B. B. Nesbit, which has also
involved Rev. MIR. Nesbit, and the for
mer is due entirely to the failure of w.
M. Woody, which occurred some time
ago. The attachment suit that was
brought last week was on q note made
by ". NJ. Woody and B. B. Nesbit and
endorsed by 4. w. Nesbit. When the
Woody failure occurred Rev. Nesbit was
in Washington, but on q dispatch
from his uncle he Immediately hurried
east and secured $4,000 from q friend
and thereby enabled B. B. Nesbit to
continue his business. The troubles now
in hand are an echo of the Woody fail
ure, and are due entirely to hard times
and to the impossibility of making
sales. Both gentlemen have a large
amount of valuable property, and could
this property be sold at fair valuation,
it would not only pay all their debts but
leave abundance for both.
1t is impossible just now to give de-
tailed statement OF affairs, but in gen.
eral it may be said that the two gentle
men together owe about 1000 that is
not secured. To meet this and some
S15, 1000 to $17 900 to secured creditors,
they are able to turn over property that,
without counting numerous lots and
small acreages and some 20 odd houses
in st. Louis, may be conservatively esti-
mated at over 100000. II times had
been normal, loans could have been
secured on these properties sufficient to
have carried ON the business without
difficulty. AS matters now stand
arrangements may still be made
agreeable to all parties, and negotia-
tions to this end are in progress. The
Meesrs. Nesbit stand ready to secure all
creditors, and the only question at issue
is as to the prior right under attachment.
If this is not settled, insolvency pro-
ceedings may reault. but it is hoped to
avoid litigation. There can be no ques-
ton as to the fairness and honor of those
involved, and any insinuation to the
contrary 10 in the face of all the facts
developed and the standing of the men !;
and any effort to cast q slur upon the
Rev, Nesbit, and his church through
him, is unjust and should be "still-
born.~
AN EVENT LOOKED FORWARD TO.
Our young people are anticipating
with pleastre the dance that is to be
given by Company D following inspsc-
ton drill on Saturday evening, the Oath
instant.
Inspection begins at 7 80 .. M, during
which time Major Drifil will look his
severest.
Dancing begins at 8: 80.
REPEATED RUNAwAYs.
Oscar Briback ia creating name for
himself. Last night he suffered runa-
way, his team OF horses turning the cor
ner at Stein g. Wiess' at mad pace, the
wagon striking the large telephone pole
on the corner, breaking it short off, the
whole falling, with its network of wire,
across the street and breaking off the
fire hydrant.
Recorder Youngs this morning i'm
posed fine of $40 on BribRck for dam
ages done.
1t is said Mr.. Briback doesn't like Po-
mona water. His horses ran away again
this morning.
NOTES.
Mrs. Lynn Of Illinois is a guest Of Mr..
and Mrs. ]. r. Ray.
Miss Maize Sacry Of Los Angeles is
visiting relatives in Pomona.
Miss Alta and ViolA Williams Of Illi-
nois are visiting their cousin. Miss Minta
Rogers.
Bob Carter, a linemRn OF the telephone
company, is up repairing the damage to
the hello lineF.
E. n Armour has hen with her brood