The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-01-17
Owner Raises the Amount Of
The Judgment $4,000,
From the Farmers Trust
Company of Indianapolis.
REBUILDING WORK Is
TO START Immediately
The Business Block Was to
Have Been Sold Tomorrow
At Public Sale But This Ac-
ton Now FOrestaIled.

Announcement was made by Edwin
NJ. Campfield last night that he has
a loan of enough money to
lift the mortgage from the Colonial
building and that repairs will be
made to the structure at once. It is
the intention of Mr.. Campfield to pay
of the Judgment Of the court in the
recent suit brought against him. This
judgment amounted to more than
$4,000.
The money has been secured from
the Farmers Trust Company of In
The news that the money
has been raised will be. greeted with
pleasure by local business men who
had feared that the only modern Of
flee building in the city might not be
restored to its former condition. The
against the building was
held by the Peoples Loan and Trust
company of Winchester, which fore
closed. The property was to have
been placed on the block and offered
at public sale tomorrow.
To Rebuild at Once.
Mr. Campfield stated he will take
steps Immediately to bring about the
improvement of the structure which
was partially destroyed by fire the
night Of April 8 Of last year. The
building is located at the southeast
corner of Main and Seventh street
and is to be placed in first class con-
dition. The store rooms in the burned
out section on Seventh street will be
rebuilt. No provision for hall and
lodge room such as was made in the
original building will be included in
the new This part of the structure
will be made to correspond with the
Main street section and be devoted en-
tirely to Office purposes. The Elks'
lodge which occupied the hall at the
time of the fire has purchased the
Gaar home on North Eighth street and
in view of this fact. Mr.. Campfield
does not provide for that organization
in the rebuilt section.
Will Work Large Gang.
The actual construction work is to
begin as soon as the weather will per-
nit A force of men sufficiently large
to hurry matters will be given en-
ployment 1t is expected no trouble
will be encountered in the matter of
tenants.
The Colonial building was erected
about seven years ago. 1t occupies
the site of the old Huntington house
and when visited by fire was the best
Office building in the city. The struc-
ture has undergone checkered
course under the Campfield control.
A mortgage was issued to an insur-
ance company and later another was
given to the Winchester company. A
year ago his creditors began to apply
the screws to Mr.. Campf1eld and grad
ually he was forced to the wall. The
First National bank of this city held
notes against Campfield and upon its
petition a receiver was appointed for
the building. The receiver was en-
powered to collect the rents and
make the expenditures for maiuten'
ance. The income was to be applied
to the notes held by the bank.
Fire Loss Was 10000.
It was but short time after this
that fire visited the building. It orig.
mated in the basement of a paint and
varnish supply house that occupied
one of the Seventh street store rooms
At first the flames did not appear at all
dangerous, but the oil and paint
proved combustible fuel and caused the
pread of the IRE until at one time 1,
looked as if the entire structure was
doomed. The entire Seventh stree,
frontage was burned out and the Main
street store room occupied by the
Knox company was greatly damaged
The stores located on Main street suf.
fered from water and nearly every Of.
fice room was damaged more or less
The total loss was estimated al
$4,000.
Campfleld made preparations to re
build as soon as possible, but financial
matters caught him in the ebb and hs
was prevented. His contract to erect
an insane hospital for the state .,
Madison was forfeited by tho state
Multiplied troubles including . mum
ber OF suits appeared. and It was Z
matter of public regret that the build
ing's owner had not been able to re
store the structure to its orig1nal con.
ditiOn.