Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-11-30
MAY CONTINUE BUSINESS.
Creditors of Euziere Bros. May Decide
20 Accent Settlement,

l NF0QtIOFS OF euGtCI6 kStOSs way SSSsAs
TO Accept Settlement.
| The creditors of Euziere Bros, who
filed petition in voluntary bankruptcy
| in the United States court Saturday,
may decide to accept settlement, al
low the bankruptcy proceedings to be
| dismissed, and thus PERM the firm
| to continue business. Rich j. Penney
an adjuster for the Bonded Adjust
ment Company, of Chicago. was in
the city Sunday and was in confer
ence with Mr.. A. L. Euziere, senior
member OF the firm. Another Mr.. Pen
ney, of the same company, was sent
out from Chicago to kankakee, H.,
| where Mr.. Leon Euziere, father OF the
Euziere brothers, is a present. The
Bonded Adjustment Company repre-
sents practically all of the larger cred
itors.
Mr.. Rich ]. Penney, who left for
Chicago early this morning, says that
an aqort is being made, on the part
of the creditors to arrive at some
basis of settlement, allow the business
to continue. and dismiss the bank
ruptcy proceedings. The creditors
think that the firm can get more out
Of the stock than could be realized
| il the case is carried thru bankruptcy.
and they consider that IL the creditors
did take the stock they might not be
able to realize over so cents on the dol
lar. Mr.. Leon Euziere is being pressed
by the larger creditors TO settle for his
sons on some equitable basis. but what
the result will be can not be foretold.
Col. ]. NJ. Parker, the receiver appoint
h,, I'D no
would be much better II this could be
done, and allow the firm to continue
business. There has been some talk
OF selling to some firm, that makes a
business OF buying, at receivers sales,
entire stocks OF goods in lump Coll
onel Parker will not favor this plan,
however, unless the goods are taken out
of the city, as he thinks 1t would have
a depressing effect on business to I'M
load large stock at greatly reduced
prices, especially at this season of the
year.
The Indebtedness Of the firm, as listed
in the report filed with Chief Nc
Arthur, is wholly unsecured. The
bulk of the liabilities consists OF six
promissory notes, given to Leon Eu-
ziere, of Manteno, ILL.,, amounting t.
s22.s63.11. The assets will not aggre-
gate as large a sum as stated Satur-
day, and are given as $24,793.15. The
liabilities are $39.250.9o. OF the assets
the sum OF $20,319 represents stock in
trade, $2.70792 deposits of money in the
bank, $1.356.2O debts due on open ae-
counts, $34s.29 in bills. promissory
notes and securities and s5o.72 cash on
hand.
Among the principal creditors are:
Leon Euziere. Manteno. H., $22.S63.11;
Wyman. Partridge. Minneapolis, Mimi,
s2.o27.45: Guthman. Carpenter & Tel
ling, Chicago. s4S5.45; 2. and j. Boss,
New York City. s4ss.25; Ely Walker
Dry Goods Company. ST. Louis, Mo-,
359742; Carson, Prize Scott & Co,
Chicago, $4,000; Robert johnson &
Rand. st. Louis. s652.6s; Name & Bern
stein, New York, $544; Chicago Rubber
Company. Chicago. $1.6O6.71; May
Manton Pattern Company, Chicago,
5000; Marshall Field & Co.. Chicago,
s976.17.
Receiver Parker has placed A. c.
Price in charge Of the stock as his
agent.