The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-16
THREE LOCAL C0E
BRANCHES FOUND
ONE WAS DESIGNED FOR WOMEN
SPECULATORS.
In Them May Be Some Salvage for
Creditors of Defunct Bucketshop-
Deposit of $4,000 at Fargo Is Be-
yond Reach of Receiver-Some Sup
plies Valueless.

More possibilities in the way Of as
sets of the Coe Commission company
were discovered in Minneapolis today
by Receiver Thomas II. Salmon. There
are three branch offices in tn Getty
where there is possibility that some
fit Of the creditors. For some reason
or other, no mention of the existence of
these branches had been made to the
receiver. He found them tho.
The first discovery today was the
branch in the Beaufort hotel on Third
street S, between First and Second av-
enues. This was regular Coe branch,
been but recently fitted up. There are
two branches in the Century building,
one on the ground floor at 404 First av-
enue S, and another on the second,
which was especially for women specu-
lators. It is thought that the furni-
ture and fixtures Of these plants be-
longed to the company and that they
may be reckoned in the assets OF the
bankrupt concern.
sliding along pretty close to the ground
for some time is coming in by every
mail. Reports from banks at many OF
the points where the company did bust
ness show that there has been little or
no money on hand for some time.
Many Of these accounts have been
closed out since the first of the year,
when the dark days began.
The mail yesterday brought in checks
and drafts amounting to $726.oO.
About $3.50 of the amount was from
agents at different points who were
moved to report on account of the ap,
pointment of receiver by the United
States court.
It seems probable that there will not
be much coming from the $4,000
surety deposit at Fargo, which was the
principal asset. A dispatch from Far
60 says:
The trustee for the Coo Commission
company will be unable to realize on one
$40, 900 deposit, which has been claimed as
an asset for the defunct concern. About
year ago Biedler Robinson, lumber
dealers, sued the commission company fol
money lost by their Casselton agent in the
commission company's office. The jury
decided in favor Of the Commission house
but Judge Pollock set aside the verdict
and directed judgment for the lumber
concern. The case went to the state SUI
preme court and Judge Pollock was sus'
| tanned In order to perfect the appeal, the
commission house had to file bonds fol
the amount Of the judgment and the
costs. The company secured two loca
bankers as sureties and deposited &c..
900 in cash to guarantee them. The re.
mittiur in the case reached the loca.
courts few days ago ana the judgment
was satisfied. It amounted to $9,S01 an6
the trustee of the commission house will
be unable to count that amount as an as
set Of the organization.
"There will be a large amount of
dead loss,' said one Of the attorneys
connected with the case today. "The
business at the Canadian Offices is out
of the reach of the present receiver and
this may prove to be considerable. In
addition there are several hundred dol
will be total loss. This includes costly
calendars and catalogs, as we'll as all
sorts Of Office stationery and advertis
ing matter.''