Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-10-15
Robert, Elder Member of Bank.
rupt Firm Can't Stand
Ignominy
LIABILITIES EXCEED 100000
Montezuma and GrinneIl Bank. Pro.
tected by Deeds to Farm Lands Sub.
iect to $4,000 Mortgage Held by
Northwestern Life Insurance Com
pany--Hundreds of Small Creditors.
roIial to Times Republican

Social to Times Republican.
1tfnnell, Oct 15.--As The result Of the
fGancial crash which has precipitatet
the great Ewart Bros estate and bust.
ness into hopeless ruin Robert Ewart
the elder member Of the firm, has dis.
appeared and no one seems to knNW
where he has gone, altho members Of
the family do not yet suspect that any
harm has come to him. He was las
seen on Monday. robert Eware was 8
thoroughly upright and honorable man
altho less can be said OF Matt and the
sons. He occupied the palatial resi-
dence on the farm, where his family
now resides.
Grinnell, Oct. 1.-THE Ewart Bros.
failure is calamity OF enormous mag
nitude, the liabilities promising to run
greatly in excess Of 100000. The credi-
tors number, besides local banks and an
insurance company, nolghborins, farm
ers by the hundreds, many for feed sold
some for cattle solo ana others for per-
sonai notes loaned tie Ewarts upon
which the latter coulu borrow money.
Sunday numerous creditors from Chi
cago with their attorneys arrived in
Grinnell and every livery team availa-
bic was pressed into service for the
drive of twelve miles to The Ewart farm.
Monday morning farmers begar to arr
rive and the Monte train presented
an excursion day appearance.
The Ewarts made {; desperate at
tempt to protect their Poweshiex coun-
~ creditors and it was for this purpose
that the land was decided. At f1rstit was
thought that the deeds would not hold
in law and the firm would be forced into
involuntary bankruptcy to settle alike
with all creditors, but some attorney
has discovered that the federal bank
ruptcy statute exLressl. excludes wage
earners and farmers, which will un-
doubtedly allow the deeds to stand.
The Northwestern Mutual Life Insur-
ance Company holds mortgage for
S50,000 on all the real estate, OF which
there are 1876 acres, estimated to be
worth, with the $4,000 residence and
other buildings, approximately $4,000;
altho the homestead quarter, ION which
is the fine house, Kan DC held out ii de-
sired.
Certain portions Of this real estate
have been decided to the First National
Bank of Montezuina. subject to the
mortgage to secure CCbt of $:,6.S60.
This mortgage is fled as follows:
Robert EWart and wife and Matt Ewart
to the First National Bank of Monte
yuma, $36,S60 on the southwest quarter
of section 16 and the EAST half of the
southeast quarter OF section ~ and
quarter Of section 20 and the
southeast quarter of section 81 and
north half of the southeast AMI south
half of the northeast of section IL and
the southwest quarter of section 20
79-15. Dated Oct. 10. Filed Oct. IL.
A similar disposition OF other portions
of the lands has been made IN favor of
the Grinnell Savings Bank and the First
National Bank together to insure a
debt of $4,000.
A second mortgage 10 James F,wart, a
brother in Missouri, was executed for
$4,000. This mortgage and various
chattels on standing crops, feed in the
cribs and livestock to protect small
creditors among the farmers about
Ewart We're filed as follows:
Ewart Bros. to James Ewart, 5000.
ri UT fhxav no1f of = o
southwest quarter, the northeast of the
southwest of q and the east half of 20
section. Township 20. range is west
Dated Aug. 16. Filed Oct. II.
Ewart Bros. to I. Harris & Co., 1898.
ALI cotton seed meal in oat house on
east side Of /. c. railway, EwarI. Dat
ed Oct. II. Filed Oct. II.
Matt Ewart and Robert Ewart to
Fred Ingram, s1,7O0 on the undivided
half of all corn in shock on 218 acres iniI
sections 20 and 20, and 81, township 70,
cange Is, Oct. 10. Filed Oct. II.
Robert Ewart to Fred Ingram, $500.
Undivided half of rs acres OF corn on
vest hanlf of northweste quarter of %
1915. Dated Oct. 10. Filed Oct. IL.
Ewart Bros. to Andy Johnson, $4,000.
Seventeen head of horses. Oct. 10.
1iled Oct II.
Ewart Bros. to John McKeag, $775.
Undivided half interest in corn stand
ng and in shock on southwest quarter
# 22-79-15. Dated Oct. IL. Filled Oct. |
u.
Ewart Bros to John McKeag, $775.
Undivided half of corn standing and in
shock on northeast quarter of 22-79-15.
Dated Oct. IL. Filled Oct. IL.
Deeds to certain portions Of The land
we're executed as follows:
Matt Ewart to II. c.. Shell, $1.340.
Northeast of northeast of 32-79-15. Oct.
o. Filed Oct. 10.
Matt Ewart to e. A. C. Harris, s1,540.
Southeast OF southwest of .1-79-15.
oct. 10. Filed Oct 10.
Matt Ewart to Andy Johnson $500.
lot a, block 3, Ewart's addition, Ewart.
Jet 10, filed Oct. II.
Matt Ewart to Andy Grant anr Will
lam Rutherford, 5000. Lot 9, block 1,
Iwart. Dated Oct. II, filed Oct. II.
Matt Ewart to Andy Grant and Will
lam Rutherford. 5000. Lot 10, Ewart's
EDITION, Ewart. Dated Oct. II, filed
Jet. IL.
Matt Ewart to Jesse Bryan, 5000.
.ot 3, block 1, F.wart Oct. IL, filed
)ct. H.
Matt Ewart to f. w Gregson, 5000
.ots and 2, block /, Ewart. Oct. II,
led Oct. IL.
The conveyances will not fully pay
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