The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1914-07-30
Pier to Operate Mill.

tors
Pier to Operate Min.
Together with the petition in bank
ruptcE was u petition from Mr. Taft stat
lug that it would be detrimental to the
estate to close the mill and asking that
Judge Fred b. Pier oi Brattleboro be ap-
pointed receiver tols the miu 50 that it
might he operated to advantage pending
the bankruptcy proceedings Accordingly,
Judge Pier was appointed. He is an expe-
tItuecd mill man, having been for many
years in a similar business in Jacksonville
before coming to Brattieboro
The cause of the failure is the poor con
diton OF the lumber market and interest
accumulatous 4 year and a half ago
Mr.. Taft and Mr.. Willard formed "a part
ncrship. independent of their mills, in the
humber business and bought the Smead
and Shine farms and woodlots in Wards
boro. each owning half interest They
have cut ,O0O 600 feet OF lumber on those
farms, which is now on sticks in Wards
bolo. t'n account Of poor market c0ndi-
t'"ns they have been unable 10 turn it
| INTO money. II Is valued at S12 600 and
the Peoples National bank holds a mort
gage ON It for $1,000 1t Is believed that
! bug For this lumber venture Mr. Taft
would have been able to continue his bust
ness as heretofore Mr.. Taft is Il large
IstockhoIder in the West Townshend Mig.
| Co. which Is engaged in the manufacture
of cloth gloves and which was established
| largely through Mr., Tafts efforts What
| the effect of the bankruptcy will be on
| this business is problematical.
! \ summary Of the liabilities shows the
following figures: Due help "a preferred
I IL,
secured debts, $14,:534; notes on which
tho petitioners name appears as security,
I$12, ,515 Total, SIS, 500
The footiugs of the assets are as fol
lows: Real estate, S19I05; personal
Ipropety, &I7,S 500; accounts receivable,
$3.50; stocks, $3,7S2. Total, $l3,047.
List Of the Creditors.
\ list of - employees is given in the
lschedule of liabilities. Their claims are
for wages and are preferred claims
amounting to $25G3O
The creditors holding securities. the
amount of the debt in each case and tho
value Of the security in each case are a,
follows:
Vermont National bank of Brattleboro
mortgages on mill and real estate Debt
$1,000; value of security, 81 800
Hampden Glazed Paper & Card Co, o
fiolyoke, Mass, mortgage. Debt, 80. 400
value OF security, $1,000.
Z. d. Potter Of Springfield, Mass, mort
gage on farm in Jamaica. Debt, S7S4
/ value Of security, $500.
, George H. Lawrence Of Townshend
mortgage on home place in West Towns
hend Debt, 81 900; value of security
81 600.
= Peoples National bank of BrattIeboro
T on note Of petitioner and c. H Willard
mortgage on lumber in Wardshoro. Debt
q $4,000: value Of security, $4,000
Hampden Glazed Paper & Card Co, ol
. note of petitioner and c. H. Willard
mortgage on woodlotl in Wardsboro il
q the name of Taft & Willard Debt, 5000
/ value of security, $500.
OF the creditors whose claims are unse
] cured the larger are the following: HamT
= den Glazed Paper 4 Card Co, nose.
!, $4,000 W. T. Whitney & Co of Sout
Ashburnham. Mass, account money aC
yanced. 81, 700; Vermont National banR
notes signed by the petitioner and Charlie
II. Grout, $500; Vermont Nations
bank notes signed by the petitioner an
:, c. II Willard. 81 536; Windham Count