The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-11-22
-FOUR SUITS BROUGHT
Against Firm Of Wood
bury & Moulton.
These Will Force the Firm Into
Bankruptcy
Unless Suits Are Settled
or Withdrawn.
Other Suits Of Similar Character
Expected To Be Brought.

The papers in four suits against Wood
bury ard Mouiton have been served on
Messrs. Bradley and verrill, the assienees
OF the firm as Trustees and lawyers say
that the result Of these suits will be, un-
less the firm make a settlement Of the
cases out Of court or stave them Oh In
some way that the firm will be forsed In :
to bankruptcy.
come Of the creditors Of the nrm. 90 It
IL stated, have refused to sign OF, notably
the trustee Of the Triokey estate. who said
that he could not accept anything from
the firm excepting the whole amount the
estate had on deposit In the bank at the
time the failure came. Some Of the
creditors, too, are said to be very much
inoenssd against the firm for the way the
business was conducted and have peen
threatening to take proceedings OF such q
kind as would force them Into court.
This the frm and their assignees have
been very anxious to avoid. Ihey have
pointsd out to the creditors who have
been threatening this action that should
the firm be forced into bankruptcy and
the securities on hand be plaf ed upon the
market at a forced sale the creditors
would receive very small dividend. 1t
is known that several lawyers have been
ON the point Of taking action against the
firm but have been persuaded not to do
so. The four suits which have been
brought and the papers OF which were
served yesterday will probably result In
be d,,,,rs .xainv In IN ha
The opening action was taken by Ed
ward y. Rey nolds, ESQ.,, who is the at
torney for Stewart Worcester and Adam
W. Wilson. Deputy Sheriff buchanan
placed three writs In the hands Of Messrs
Bradley and V,rrill, the assignees Of
Woodbury. and Moulton, yesterday morn :
ing. Stewart Worcester brings two
actions, one for 1000 to recover the sum
of.Sa, ss7.19 which was deposited with the
firm and the other the ad dahanum is
placed at $4,000 to..recover the sum Of 3d.
224. 8s money deposited.
Adam W. Wilson brings a suit for SGD
to recover 81, 115 81 which was deposited
in the bank ana Benjamin q. Ward In
his own behalf brings action. the suit be.
Ing tut ttoV w EccovOr vioos VINO DoiohSo
of Mr. Wards deposit with the bank.
Other suits of similar character are
now certain to be brought, since the ice
has been broken. and there can be but
one recourse for the firm under these con-
ditiona
In speaking Of the case last night MIR.
Reynolds said that the inevitable result
would he If the complsinants saw fit to
be persistent In their actions, that the
suits would be dropped or the members
of the firm Of Woodbury. and Moulton
would Voluntarily become bankrupt The
suits are returnable at the January term
and before that time the firm must either
satisfy these parties who have brought
suit or file petition in bankruptcy. Mr.
Reynolds stated that he had promised the
assignees that he would go over the case
with them.
Messrs. Bradley and Verrill, the as
signees of the firm, said last night that
they did not care to state what courss the
firm would take In the matter.