The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1903-06-23
AGREEMENT IN SUITS AGAINST
RYAN BROS. COMPANY.
ALL lEvIES ARE RELEASED
Court Orders sheriffs Of Three coun-
ties to Surrender Attached
Property.

AS conclusion of conference
lasting a. number of days receiver
has been appointed to wind up the
affairs of the Ryan Bros. Cattle COM
pany.
AS was published in a previous
edition of The Gazette, =. B. Ryan, a
member Of the company, and G. r.
Middleton, legal advisor, arrived from
Leavenworth a week or so ago for
the purpose of effecting some sort
of compromise by which the affairs
of the involved concern could be
placed on footing calculated to prove
more satisfactory to all concerned,
while at the same time insuring
final settlement more advantageous
than if the pending suits on attach
ment were to be allowed to go to their
logical conclusion. Meetings have
been held daily since then, the par
ticipants in which were the attorneys
for Rosenbaum Bros. of Chicago and
the First National bank of Leaven-
worth. The proposition submitted by
the defendant company was to release
the attachments and place the prop
erty attached in the keeping Of q Re-.
ceiver, he to wind up the affairs of.
the company.
Saturday evening an agreement was
arrived at between the different par
ties and placed in the form of series
of stipulations, to be submitted to
Judge Loud of the district court for
his approval. BY the terms agreed
upon the bank takes the position OF
intervenor in the suit of ROsenbaum
Bros, instituted several months ago,
by which the sheriff of Yellowstone
county took into his custody the per.
sonal property of the company. con.
sisting of horses and cattle on it's
ranch in the Musselshell valley. Con-
temporaneous with the filing Of the
action in this county similar proceed
ings were instituted in Fergus and
Rosebud counties, where the company
owns other property, mostly real es-
tate The sheriffs of those counties
also served attachments. All these
attachments under the stipulations
were to be dismissed, conditional up
on the courts acceptance of the
agreement entered into between the
litigants
Another agreement was as to the
personality of the receiver to be ap-
pointed. Fred w. Handel, the Mussel-
shell merchant, proved acceptable to
all parties and his name was entered.
Armed with the stipulations. Mr..
Middleton left for Miles City Friday
night, where he submitted the mat
ter to Judge Loud. The judge sane
toned the arrangement and signed
the necessary orders. The sheriffs
of the three counties were directed to
release the property now held by them
Mr.. Handel is now in charge. His
bond was fixed at $4,000. This he
gave yesterday morning, with the
American Bonding company as surety.
Among the questions which the
court will have to decide is the le-
gality of the mortgage held by the
Leavenworth bank, which is attacked
by Rosenbaum Bros. 1t is agreed that
this and all other matters at issue
shall be decided in one and the same
action.
The receiver is empowered to sell
any or all of the property involved
at any time he may decide it is for
the best interest of the parties to
the suit and will have full control
of the affairs entrusted to him. About
$15O,OOO is the matter OF the claims
at issue and it is believed that the
whole tangle will be Strengthened out
in comparatively short time, few
months at the most.
Blackford & Blackford, for the First
National bank of Leavenworth: w.
NJ Johnston, for Rosenbaum Bros. d
and c. R. Middleton and o. F, God,lr
dard. for the, Ryan Bros, company,el
are the parties signatory to the agree
wont opN c%in,r1o &;~vsc