New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1903-05-06
FURNITURE Went FAST
Chas. Baltrusch Slashed Prices and
Livened Up Trade.
Then Sheriff Came and Put Quietus
Upon Brisk Business.
Application Made For Appointment
OF Temporary Receiver.

Furniture values In New Ulm took an
unprecedented drop last Thursday and
for short space Of time there was brisk
traffic in folding beds, reclining chairs
and baby cabs. Quick sales and no plo-
tit was the motto, and it served 70 reduce
the stock of the New Ulm Furniture
store with incredible rapidity.
In the Review of last week brief
mention was made of the transfer of the
New Ulm Furniture store from Chas
Forster, Jr., to Chas. B-ltruscb, Jr., the
deal being consun.mated Tuesday and
the new proprietor assuming possession
the same day. To many persons emade
the statement that he had paid $4,000
for the business, cancelling note for
$500 in part payment and making up
the balance with cash and securities, he
emphasizing his claim by the statement
that he then had the bill of sale IN his
possession.
Wednesday Mr.. Baltrusch distributed
hand bills advertising sale at reduced
prices but nothing worthy of note oc-
Cured until Thursday. Right after open
ing that morning, however, Sheriff Julius
served writ of attachment 10 satisfy a
claim Of 5000 held by the State Bank of
New Ulm. They carted off furniture to
the full value of their claim and this
precipltated the panic. Immediately
Baltrusch began slashing prices to cost,
and below, and within an hour the
establishment was crowded with pur-
chasers. They bought anything and
! everything their fancies dictated and the
clerklng force was kept more than busy
quoting prices and accepting payments.
| Trip after trip was made by their de-
livery wagon, while many carried their
purchases away in their hands. Late in
the afternoon another levy was made tc
cover claim of $40 held by Robt
Scherer but after the departure of the
authorities the sale went on more fur
iously than before. Crowds thronged The
| place early in the, evening and in spit.
of the lights being turned off at O'CLOCK
and the delivery wagon being seized by
Ath. Henle for a bill of 500, goods wer'
disposed of until late at night.
/ When business was finally suspended
some $3.50 had been realized by the pro
prietors. They were around again brigh
and early Friday morning but by tina
time outside creditors, wholesale furnl
ture houses in Chicago and Minneapolis
has combined their claims and closed tn
store, placing Sheriff julius in possession
An inventory made by that official Satur
day showed that but trife more thai
$1,000 worth of goods remained in tn
store, where chattels to the value o
oimoSL PO,UUU udu DeeU before the open
ing of the sale.
Mr.. Baltrusch's statement is that b.
bought the stock in good faith to protec
himself against the lost of $500 which
he loaned Mr.. Forster on Dec. 8, 1902
He claims that he contracted to buy
residence in this city and wanted tn
money and when Mr.. Forster said HI
could not pay It, he proposed that HI
! (Baltrusch) take the entire stock at tn
wholesale price, pay off all the debts an,
hope to realize sufficiently to cover tn
amount due him.
In the meantime he had seen MI
BueDger and John Forster and secured
| their promise to take a certain amour
of the goods off his hands and he expect
ed at the end of the week to have tn