Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1894-03-31
Dayton, Nevada, Saturday, March g. 1904

& Gordon's surely"
"Was, sir, before Mr.. Gordon bolted."
''Mr Gordon boltedP' exclaimed the so
licitor in tone of incredulous astonish
went why. this is the first have heard
of it,"
Last November. A young lady in the
ease, believe" said the clerk, with a mild
grin, which he would certainly have kept
for another occasion had he suspected that
was the young lady in question. Don't
know much about that, but ] do know
that he left his affairs in a regular muddle
and behaved shamefully toward his part.
ner, poor old Colonel Bell"
This is bad news, madame" said Mr..
Pelham, turning to me with grave shake
of the head. in what way did he behave
shamefully, Mr. Brett?"
"Took Colonel Bell into partnership and
invested in pottery that was worth moth
ing at all, incurred considerable debt in
building kilns and improving the place,
and then, when he found that the colonel's
affairs were not SO good as he expected, he
realized what he could and bolted, leaving
this poor old gentleman to get out of his
difficulties as he could"
"Ah, well, what happened then"
Things went worse and worse with the
colonel The kiln that he still had to pay
for fell in the first time it was fired. Then
to meet his creditors, the poor old fellow
tried to raise money on some mining stock
and found the shares worth nothing. Mr.
Kavanagh introduced him to us, and
had to go into the affair SO know all
about it,
And the result of your examination
showed'-
"Showed that Colonel Bell had not six
pence in the pound to pay his creditors"
But he cou. 4 call upon his partner, Mr.
Gordon"
Couldn't find him, not II trace of him
anywhere, and his solicitor-Cunningham
of Lincon's Inn-refused to produce pen
ny without his order naturally"
"Oh, Mr.. Gordon had means then?"
Plenty, but it's all tied up. No one can
touch it until he is found or an order is OBJ
tanned from the court of bankruptcy"
"Dear me! And what did Colonel Bell
| do in that emergency"
Just what might he expected of an hon
] orlble old gentleman and bad man Of
/ busness-sold up all his private property
aud paid over every penny TO the creditors
/ of Bell g. Gordon. Evans g. Evans did their
utmost to prevent him making such II dis
! astrouS sacrifice and advised him to declare
/ himself bankrupt at once. But he would
! not be persuaded. Yielding in most things.
/ he was as stubborn as-as anything on this
Old fashioned notions, you know, sir, about
honor and the disgrace of being white
washed"
"Of course the sum realized was INSULT
cient to satisfy the creditors of the firm. !"
Didn't satisfy quarter of them and
/ left him without funds to work the bust
ness That was foreseen by Evans *
/ Evans, who told the obstinate old fellow
! that he was only throwing his money away
and postponing the evil day"
so that after all he had to close the
works and declare himself insolvent?"
! "He would have had to do so to Il dead
certainty, but just at the last moment Mr.
Kavanagh came forward and lent him a
sum of money 20 clear off the debt, rebuild
! the kiln and start afresh."
Did Mr.. kavanagh advance the money
without security"
Not exactly, sir-he took II mortgageon
the estate"
Il don't see any great generosity, Mr..
Brett, in advancing money on Il mortgage" "
There was in this case, sir. Evans &
Evans had thought of raising money by II
mortgage, but on looking into the deed of
partnership they found an impediment i'll
the way. Mr.. Gordon could repudiate any
obligation made without his consent"
~ see. Mr.. Kavanagh relies upon Mr.
Gordon fulfilling the obligation when he
returns?"
Just so. sir, and considering all things
that's not very good security"
"Supposing Mr.. Gordon should not trou-
bic himself TO return. what then. Mr..
BrettS"
"Then Mr.. Kavanagh will come out all
right Every farthing the gallant old colo
mel can screw out of the affair is made over
to Mr.. Kavanagh's account toward the pay
ment of the mortgage, and II he only has
time he will certainly clear it off. The bust
ness is looking up at the pottery now
Three kilns are in working order"
II think you said that Mr.. Kavanagh has
invested capital in other potteries."
Two or three small ones. He snapped
them up the moment he heard that Hin
tons were going to turn their business into
a company, knowing that the first object Oi
the company would be to extend the works
which could only be done by buying uI
these potteries And the result proved the
Justice of his forethought. The company
would give him a check for the whole lot a,
days notice"
And transfer the mortgage on Bell &
Gordon's pottery:"
"Oh, yes; they would take the risk ofpull
ing that through all right. A young com
pany, you know, sir doesn't stick at trfies. ;
And if the company chose to foreclose-
as l suppose they would-Mr Bell would
be forced to abandon everything and go il
the workhouseS"
"Oh, of course, as a man of honor, Mr.
Kavanagh would indemnify him out Of tn,
handsome profit he must make on the spec
|