Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1895-12-20
r. DIFFERENCE.
There IL Some Difference in
the Way Men Treat
Creditors.

Ristency in the Transcript, because
this paper didn't choose to go into
the details of the proposed assign
ment of Rracke, the tailor. and view
his course the same as it did that of
Mr.. Greengard and his assOcia ties.
Bracke was unable to meet bill of
500 the first of the week, and the
creditor was apparently determined
to force payment. The bill could
not be paid. and Mr.. Bracke owed a
small amount besides possibly $500
in all. His attorney. Mr.. Lyon,
told him that from appearances it
would he best to start ASSIGNMENT
proceedings, Us it would demon
strate that collection could not be
forced. If longer time could then lie
obtained to pay his debts in, Mr..
Bracke desired to do his best to pay
allswlt, had trusted him. He is not
owing a large amount. and no one
will question but he intends to pay
what he owes. There We're no sur
rounding circumstances tina pointed
toward fraud. 1t is probably true
hat Mr.. Bracke invested more in
building residence the past sum-
mer than hiscapital would warrant,
and he invested much more than he
intended when he started to build
his home. But take all the condi-
tions. and the Transcript could see
no reason for suspecting intent to
defraud creditors. Now the Demo.
crat classes Brackets embarrassment
on an equality with the Greengar1
assignment. The Transcript does
not, and feels entirely justified in
seeing great difference.
\ Anyone who will examine the
hooks of Greengard, will be satisfied
that there should been more assets
to show for the goods purchased
during the last few months. Jacob
Burton's conveying goods from
Greengard's late at night accounts
for some of the disappearances.
The handling of the stock since the
assignee sold it is about on Il par
with other proceedings before the
assignment. Jacob Burton bought
the stock for some absent but con-
fiding friend. ana is now holding a
great bankrupt sale Of clothing,
boots and shoes. 1t ia advertised
as an ''assignment sale,' and F. A.
name is signed as as
'signee: The name of Lindbereh is
used without authority, and lie sold
the goods several days ago. But
the present managers of tue deal
know that u statement signed by
Mr.. Lfndbergh that he was closing
out stock at forced sale would at
tract the attention and confidence
of the public. To Indicate what an
immence sale it would be if only the
assigned stock were included it
ia only necessary to call at
tention to the fact that
tie "clothing" included in the
invoice of assets of the assigned
Greengard consisted Of pants to the
value of about $50, vests to the value
of $27, and 500 worth of boys waists,
children's suits to the value of 1852.
In the boot and shoe stock there
were four pair ofrubber boots worth
5000, about 1925 worth of children's
shoes, rubbers worth Sill; arctics,
S.; slippers. $4.25 and ''shoes" $l2.7O.
What an energetic effort it will
take to close out that immense stock
IF "assigned" goods in Is days. But
that isn't the plan. Goods strangely
disappeared once; Jake, the magi-
clan, can doubtless make them reap
pear again. That grand assignment
sale of $12.7O worth of shoes will
continue just as long as it will be a
good drawing card for trade. The
purchasing public can doubtless pro-
tect itself fairly well, and the subse-
quent proceedings cannot interest
the creditors of the old concern
greatly. But not only another of
the tribe sailed through an assign
ment gaily, but the proceedings and
even the name Of the assignee arenOw
being used as attraction to bargain
seekers.
OF course, some misguided business
men might disagree with the Demo-
crat as to the honesty OF all those
and the Transcript
certainly has no desire to prejudice
the mind of the editor of that paper
against the assignments he so
admires.
; While there may be some question
as to the detrimental effect such as
signments have on local business
there can be no doubt but
the burning of the Lumber Exchange
in Minneapolis a. few years ago was
a great misfortune for Little Falls.
That disaster made it possible for
1ocOh Rurton tO still 1inper in little