The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-23
cRouAN a DOoNER's STOCK SOLD.



Receiver C.. Fraser Law petitioned the
superior court yesterday for an order al
lowing him to sell the stock and fixtures
belonging to the firm of Crohan & Dooner
to Mr.. Leopold Adler for $91O9.32, which,
after consideration, was granted, and
there will be no receivers sale of the
goods.
Mr.. Law. on Feb. 20, filed an inven-
tory of the stock and fixtures, showing
the total value of the assets to be $12-
$685. This, however, was made up OF
three items, the stock, fixtures and sew
eral other items not included under those
heads. The stock alone was valued at
81, S72.O1, the fixtures at $41O65 and the
other assets at $273.92.
After looking into the matter Mr.. Law
considered 1t advisable to sell the stock
in bulk. Thinking this best, he called
for bids from several parties, and the
highest and best bidder, he considered.
was Mr. Adler From his past expe-
rience with 1nsolvent traders, he stated
IN his petition, he was convinced that the
bid was not only reasonable, but was a
good price, and he assured the court IL
would be advantageous to all parties
The court granted an order authorizing
Receiver Law to make a bill of sale to
the bidder of the stock and fixtures at
50, 1889 The order stated specifically
however, that the right of the defend
ants, Crohan & Dooner to apply for home
stead out of the stock is preserved and is
transferred to the proceeds of the sale
The liens of intervening creditors or their
right of reception of their goods is also
transferred from the stock to the proceeds
OF the sale IN proportion to the amounts
claimed by them respectively. Mr. Adj
ler's bid is for cash.
1t is understood that one and. perhaps
both, of the defendants will apply for
a homestead exemption, as is allowed un-
der the state constitution. The fund to
go into the hands of the court will no doubt
be fought over by some of those creditors
who claimed reception of their goods
There are expenses of the court, fees of
the receivership, and attorneys expenses
TO be paid out of the fund, before the
claims of the preferred creditors come in,
and their claims amount to about $40 500.
1t will appear, therefore, from the fund
which the court has in hand that the pre-
ferred creditors will hardly receive the
full amount of their claims.
The trial of the case of BENJAMIN 7.
EDWARDS, against Louisa swinton appli-
cation for the guardianship of James Ed
wards, minor, was concluded in the SUI
perior court yesterday. Edwards made
application to the court of ordinary for
letters of guardianship on the person and
property of James Edwards, who had been
in the custody of Louisa Swinton for
a long time, and that court awarded
her the custody of the child. The uncle
appealed from the decision of the court of
ordinary, and was represented by Mr. A
L Alexander The woman, who had
charge of the child, was represented by
Mr. George w. owens. The jury render
ed a verdict in favor of the uncle, and the
boy began to weep bitterly as soon as he
was appraised of what was to become of
him. He is about or years old, and
has been living with Louisa Swinton so
long that he appears to regard her as a
mother and did not want to leave her.
The courts had a quiet day of IL. The
superior court was in session only long
enough to get through with q case which
went over from the day before and to
grant the order mentioned above with re-
gard to the Crohan & Dooner matter. The
city court was not in session at all, and
there was practically nothing doing
around the rest of the court house.