Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1895-12-26
ten PER CENT DIVIDEND.
ten Per CENT DIVIDEND.
Last of Lloyd Assets to be
Distributed Among
Creditors.
Summary of Sales of Commer-
cial Paper Listed in
Assets.
One and a Quarter Per Cent
of Face Value Re-
Ceived.

of Face Value Re-
ceived.
Saturday the curtain was rung up on
the first sceue::of the last act IN the Lloyd
bank drama. play that has absorbed
the interest OF the public for many
months past. Harry Cornwall appeared
in the title role as auctioneer and was
supported by Receiver johnson, and
Clerk F. Lenz, who took the part OF
cashier, or receiver of the last assets.
The remainder of the cast were sundry
bidders who offered small amounts Of
legal tender of the realm for dispropor-
tionately large amounts Of nearly worth
less paper. The performance continued
throughout the entire day, beginning at
II q. m.
The residue OF the claims, notes and
assets OF Lloyd's bank, ageregating
about S18O,OOO were offered for sale to
the highest bidder for cash. Some of
the paper was fairly good and realized
we'll but it was only as drop in the
bucket compared to the large mass
which brought practically nothing.
The first asset sold was the banks
one-t third interest in lot 3, block 4, COM
monty known as the Bowman residence
on Fifth avenue north. The property
is probably worth $500, the same in
terest year ago having been sold at
sheriff sale for $4O0. Taxes amount
ing to $13O we're. paid recently. The
property now rents for $12 per month.
It was knocked down to Samuel A. Will
der for 1895.
The first of the assets in the form OF
notes were 10 notes given by residents
of Cooperstown, Barnes county. Bid
ding began very slowly and cautiously
the first two noes of w. F. Carter,
amounting to $lO3.S5, going to- A..
Taught for 81. Bids began at 10 cents.
Mr.. Haight also secured Iver Ander-
\ sons note of s6l93 for S., and E. Gun
derson's Of s72 25 for $40.
A. Fried got the notes OF John Bur
nett anu Iver Thompson, aggragating
SEQ. 80 for $20.25.
VIM. Glass Of Cooperstown picked out
number OF the notes getting aquantity
Of very good paper. For the s725 worth
he bought the bank realized nearly 90
per cent, the highest percentage of any
OF the notes sold. Mr.. Glass bought a
note OF S2l "a for $3.50, one of s66S2 for
SIT, one of $39.57 for 81, one of $780,
for So, one of $11.66 for $40, one OF $67.7O
for 50, one of s31.40 for SIG, one of $170.-
20 for $6l, one of S49.S9 for $50, one OF
$97.14 for ten cents and one of $5S.41 for
$780, The note OF Robt. Starr for $685.
SS was considered a. and went to Mr..
Glass for S56
These Uooperstown notes aggregated
&1,O96.46 for which S26l.35, or little
over % per cent was realized.
Merchantable paper. judgements and
overdrafts OF the aggregate face valne of
$l79,2OO brought at public auction but
n ~$2,27O, or little more than one and a
quarter per cent. Notes OF the aggre.
gatevalue of $13l, ,725 luade by the resi-
dents OF Jamestown or Stutsman county
brought but sl,335 or fraction over
one per cent. Some $4,000 worth OF
judgements were knocked down for
S4235O and $2,37O.S5 worth of overdrafts
were sold for the "pusillanimous" SUN
OF $1,000.
The money realized from this sale ad-
ded to that on hand, will be sufficient to
give creditors of the bank dividend OF
10, per cent, and possibly little more.
This dividend will be declared iu a short
I time. A statement will be sent to the
comptroller shortly and as soon as the
necessary steps can be taken the dividend
will be declared and the receivership
wound up-all probably 10 less than a
months time.
The following is given q summary OF
the remainder of the auction Saturday.
The next seven notes-and one addi-
tlonal gwen by J. H. Thornton for
sl4O.17-given by parties IN Carrlngton
and aggregating SSO7, were sold to John
& Soliday Of Darlington for $500. This
sale, Receiver johnson stated, was pre-
viously made and by order Of the court.
Eighteen notes aggregating $l337,
given by parties residing in New York
Mills, M,nn., we're next offered for sale.
No one wanted any OF them and bidding
Wa allow and but $3.50 was realized.
In like manner, but with smaller re-
turns, l8 notes gwen by West Duluth
psole we're bid Oft for nothing-S3. The
notes aggregated, IN face value, s2,SO2.
This closed the sale Of foreign paper