The Marion daily mirror. (Marion, Ohio) 1892-1912, 1909-06-21
Marion mfg. Co. Affairs are
Being Wound up.
CREDITORS WERE NUMEROUS
Amounts .Received by Each
flor His Claim.
Dividend Of Forty Five Per Cent 10
Paid by the Receiver Who Has
Purchased the Work.

The efficient and rapid work of
Charles Il. Justice, receiver of the
Marion Manufacturing company, is
speedily bringing the affairs of the
old company to close and within a
short time it is expected that the |
entire affair will be wound up and the
failure of the company, causing the |
loss of thousands of dollars of Ma
rion money, will pass into history. |
Monday Attorney Justice paid 45i
per cent of the claims for which the
creditors secured judgment in the
court of common pleas. On May 10
the receiver sent out his first letter
to the creditors and q week later he
paid them so per cent. of their claims.
There Is still due rather large
amount of money from the various
stockholders who have not paid their
assessments and the receiver states
that Immediately he will take up the
work of collecting the remaining
amounts. In each case a judgment
has been secured and all that is nec-
essary is for the receiver to take out
an execution and levy against the
property of the stockholder
1t is expected that within the next
few days many OF these stockholders
who have thus far failed to pay
will come in and arrange to settle
at once. This course will simplify
matters and bring about a quick set
tlement.
The total amount OF the claims
against the Marion Manufacturing
company was S54, 1896. An assess
ment of AZ per cent was levied by
the receiver and 1b2 stockholders,
holding various amounts, have paid
in full the amount of the judgments
against them. The others must pay
quickly or action will be taken against
them.
That 1t has been possible to bring
the affairs of the company so near
TO finis without any more lawsuits
or useless litigation that would prove
costly and bring a delay that would
allow the interest to increase, Is
pleasing to almost all Marion people.
The failure of the Marion Manufac-
turing company has been a hard blow
to Marion and TO many Marion people
affecting Us II did those without much
property and many of whom were wild
ows with families to support. Those
at the head of the company's affairs
are to be praised for bringing about
a speedy settlement and making the
burden that much lighter upon those
for whom II is hard TO bear.
The receiver is confident that with
in short time he will have collect
ed the assessments from practically
all Of the stockholders who, as yet,
have not paid.
The following are the creditors OF
the company and the amounts to
which they are entitled: Lydia
Shrote, s2S5967; Jacob Shrote, $780,
100; Gustave Hyde, $1034 40; Christian
Fatzler, $2O04.67; William II. Ruth,
$3SS26; Elizabeth Ruth, $4,000;
j. Charles Market, $96.4O; c. C.
Fisher, $1S745; Catharine Kaufman
s272460; ], S. Atwater, s31,43; W. S.
Paul, $3.50; Henry Setter, sS17390;
Mizpah Encampment, l. o. o. r.,
$50lS6; John Mayer, S32073; Sarah
A. Wilson, s2520.S7; Trustees Marion
Grove, V. A. o. D., $25600; Ella
Cordrey, $4,000; Charles Meyers,
$G030; w. G. Harding, trustee, $5,-
1880; J. II. Berry, S33312; Margaret
Key, $2520.S7; Farmers Bank, of
Waldo, ss44SS50; Fred Diebold, $407.-
90; Charles II. Conley executor of
Vashte Kishler. s254S3; Superior
Implement company, after deducting
the dividend of $1,15442, received by
1t from the trustee in bankruptcy,
SS3S6.9O; ]. II. Harpold, after deduct
ing the dividend of $2S12 received
from the trustee in bankruptcy, $50;
John l.. Lewis, trustee, after deduct
ing the dividend of $390.S3 received
by him from the trustee in bank
ruptcy, $2S57.30; Charles d. Schaffner,
after deducting the dividend of $1751,-
10, received by him from the trustee
in bankruptcy, S55S3.O0 and The Fab
ey Bank S4,035S0