The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-02
Mr.. DAWs0Ns CREDITORS
MEET TO CONSIDER THE REDEMP-
TION OF SOME PROPERTY
Are Anxious to Dispose of 1t, So
That Something VIII he Left
for Him If Possible.

The committee representing the creditors OF
William Dawson held a meeting yesterday in
the office of President Stckney. of the Chi
ceGo Great Western, who is Mr.. Dawson's
assignee, TO consider the redemption of Mr..
Dawsons real property, on which mortgages
were foreclosed year ago. The time of re-
dempt1on Will expire Dec. IL, and it Is the
wish of the CREDITORS to dispose of it to the
best advantage, so as to leave something IL
possible for Mr.. Dawson. Mr.. Stickney has
received bids for a number of lots which are
for sale, and he believes more can be real
lied than is offered under certain conditions
as they are more valuable than the bidders
assume. 1t will be necessary very soon for
Mr.. Stickney to submit offers received by him
to the district court and to apply for an order
for hearing on them.
There are six separate parcels of real estate
involved, which were covered by two blanket
mortgages to the Northwestern Mutual Life
Insurance company, one for 100000 and the
other for $50 000.
Parcel No. l. which has book value of
$l25.OO0 and is assessed for SAT, eco, was bid
in for $2S COO, and the amount that must be
paid for It's redemption is about $3S, GEO. 1t
is situated at Jackson and Eighth streets.
The second parcel is a building on East
Fourth street, and has a book value OF SIS COO
and is assessed for $780, 40. 1t was, bid in for
$50 OC0 and $3.50, 700 must be paid to redeem it,
4 Parcel No. is on the south side Of East
Third street. between Robert and Jackson
streets, and it's book value is 100000 while
It is assessed for $50 0G0. 1t was bid in for
Yoz,OVV, ana the redemption price IS about
SEE, 700.
Parcel No. is on the north side of Eas,
Third street. betweeL Robert and Jackson
streets. and has a book value of $SO. 600. 1t
is assessed at S21, 300. and was bid in fer
$4,000. 1t can be redeemed for about S11 700
Parcel No. is on West Third street, oppo-
site the Metropolitan hotel and is booked as
worth $4,000. 1t is assessed for $14 O00 1t
was bid in for $4,000, and may be redeemed
for SO, 800.
Parcel No. is on the north side of East
Seventh street between Robert and jackson
streets. It's book valuation is $120 0CO. and
1t is assessed for SAB 900. 1t was bid in for
$66, COS IS and may be redeemed for $73 400.
Parcel No. is separate from the Others
1t was encountered with a mortgage for S75-
600. to the Northwestern Mutual Life In
surance company, and was sold under fore
closure Nov. 2, 1897. The time for redemp-
ton will expire Nov. IS.
The property consists of five buildings on
Third street, and three on Jackson street, and
its book valuation is s150,000 1t is assessed
for $40 $40 1t was bid in for $S2, 338. go 1t
may be redeemed on or before Nov. 49, for
500. 200.
The total book value of the property is
1855, Geo. The assessed valuation Is 1929, 070
The total price bid is SYST. 946 and the re-
demption price is $2S7 900.
The committee of creditors is composed of
w. H. L.ghtner, Kenneth Clark NJ E. Sey-
mour, Gen. E. P. Sanborn and r. T. O'Con-
nor. A. G. Briggs is attorney.
Another meeting will be held in a few days
to arrive at a decision regarding the seventh
parcel, which must be redeemed sooner than
the others.