The Newtown bee. (Newtown, Conn.) 1877-current, 1898-12-30

Newtown people were treated to aI
unpleasant sensation, Christmas morn
ing, when it became generally known
that Merchant E. F. Hawley had closed
up business, and turned over his booke
OF accounts to Attorney w. J. Beecher
as trustee Tor the benefit of his credi.
tors.
1t was also rumored, which fact was
later substantiated, that he had sold his
STOCK OF goods to s. e. Vincent OF
Bridgeport, and turned the check paid to
bind the bargain over to the trustee.
About two weeks ago q rumor was
current about town that Mr. Hawley was
to make al immediate assignment. This
| alarmed his creditors, and he was quiet
~ push ed on all sides for settlements.
Seeing the inevitable, Mr. Hawley says
ne TOOK the course he die believing 1t
would be for the best interests of his
creditors.
II the creditors agree to the methods
OF settlement, he suggests, Mr. Hawlev
says he thinks they will realize SOC on
the dollar, although that at present ia
uncertain. He believes that they will
realize much more than IL he had taken
advantage of the United States bank
ruptcy law. by making an assignment,
as in that case on q final settlement he
would be granted full discharge from
Indebtedness, after paying whatever
dividend the court ordered. This view
ia held, also, by the trustee, Mr. Beecher.
whose wife is one of the large creditors.
Mr. Hawlev's liabilities are said to be
about SIG, 800, with assets approaching
10000 In merchandising bills and the
like.
Mr. Hawley closed up business, Satur.
day night, when he sold the stock to
3. X. Vincent, and later turned the
check given him and his books over to
Mr. Beecher, the trustee.
Mr. Hawley has been in business In
Newtown since 1873, when he became a
member OF the firm of Sanford, Barnum
q Hawley. Later on the retirement of
Mr. Barnum the firm became Sanford &
Hawley, and he bought out Mr. Sanford's
interest shortly after the latter's death.
Some time after this he took a partner
again, and the firm name was Hawlev.
Redhead & Co., but this continued but
few weeks as Mr. Redhead was out of
health. Up to about seven years ego he
occupied the present quarters of K. 81.
Beers q Co., when he moved to the L. r. |
Booth property which his wife bought
at that time. Unfortunate management
is thought by many to be the cause of his |
failure.
AS is natural at such times, there has |
OF Mr. Hawley, of his motives in taking |
the course he has, ETC., etc., but under |
the plan be has marked out, it will be his |
privilege. In future years, to recompense
his creditors dollar for dollar, as manv
another man has done before him,
1t mas always been our rule not to kick
man when he Ia down, and we purpose
ly refrain from entering upon any criti-
cism of the case in hand at this time,
leaving the Judgment to that great Court
OF Assizes, to which every man must one
day give an account.
Mr.Hawley ia undecided as to his future
course. With his wife he leaves soon
for brief stay out of town, to secure
rest and change.
On January 2, probably, and certainly
not later than the Sd, the store formerly
conducted 6y e. r. Hawley will be re-
opened for business and will be known "a
The Newtown Store Co. The new firm
nave had large experience in the business
II conducting general stores of this class
ind the public may expect at their
hands the best service they can give.