The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-12-30
FULTON STOCK
DISPOSED OF
New York Firm Bought 1t for
S11,400.
SOME BIG CLAIMS FILED
Estate Will Not Pay More Than
TWO-ThirdS of Its Debts.

Judge Wilson has confirmed the sii,e Of
the Fulton 5.rok, which was made yes
terday afternoon. He had heard that
some of those who desired to bid could
not get into the building when the sale
was held. but later. after hearing from
the parties interested, decided that there
was nothing in the reports and that any
one who desired to bid on the stock could
do so. The front doors were locked. but
the side door on the alley was open
The stock was sold to l. J. Ringolsky
of Kansas City, who represented Moses
A. Isaacs & Co. of New York, and the
price paid was 81. 400. There were eight
who made bids: NJ. A. Potts of Kansas
City; II. NJ. Walt OF Newton; Holmes &
Jones of Wichita, Cash Henderson OF
" ichita; L. j. Ringolsky. Kansas City;
V Gursen, Oklahoma City; Emery Guet-
tel, Kansas City; Albert August, st. Jo-
seph. The highest bid Of any of the
Wichita people was $1,000, which bid was
made by Cash Henderson.
After the sale had been made the papers
were taken to the office OF the probate
court ana turned over TO Judge Wilson
for his approval or rejection.
The stock as it now stands invoiced. ac
cording to cost price, about $4,000 but
it has been picked over and only ode
sizes left Mr.. Smith and the others inter-
ested in the sale think that the price re-
ceived at the auction was very fair
one
isaacs & Co. have a lease for five years
on the rooms which have been occupied
by the Fulton stock and have paid one
years rent in advance. They will con-
tinue the business and expect to put in
even a larger and better stock than was
carried by Mr.. Fulton. 1t will be up-to-
date in every respect, so the representa-
tives of the firm who are here say. 1t is
large firm and has wholesale and retail
interests in different parts of the coun-
try. The firm is also engaged in the man
ufacturing of clothing.
According to the order of the court. the
sale of the stock and fixtures was first
made separately and then was sold in a
lump. AS the lump sum amounted to
more than the totals of the separate sales
the lump sum was taken There will be
some remodeling Of fixtures in the store
room by the new firm but there will be no
change beyond that.
AS the sale was a cash one this brings
in about all the money which will come
from the estate. and according to one of
the men who are in a position to know,
the Fulton estate will not pay out more
than sc cents on the dollar.
Among the claims allowed against the
estate today was one of s17.0 which was
presented by the attorneys for II. A.
Seinsheimer & Co. of Cincinnati. This
firm had sold goods to Mr. Fulton and
had loaned him money AS the books of
the firm filing the claim and the books
of the estate agreed. the claim was al
lowed. There was a claim filed of $4,000
by Stern, Sauer, Shohl & Co. of Cincin-
natl, which was not allowed on account
of some question regarding the interest
This firm also made a loan TO Mr.. Full
ton. The claim of the Kansas National
Bank of $500 borrowed money was al
lowed, as was the claim of A. L. Werner
& Co. of New York for S1.6l1.24. There
were many other small claims allowed.
" which will total a b0Tt e 800