South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-07-12
BUY
CONN FACTORY?
Report Current That Bic Elk
hart Musical Instrument
Firm on Verge of Changing
Hands.

ELKHART. Ind. July 70. Il has
been am open secret in Elkhart for
over two months that negotiations
were in progress for the sale of Col.
c. c. Conns interests in this city
excepting only. il is said. his Strong
avenue residence prOporty-to George
and Clement studebaker OF South
Bend and other parties who were in
terested. primarily. i'm securing con-
troll OF the band instrument factory.
All other holdings were to be included
in ordcr that Col Conn could make a
clean sell-Out of his local properties,
and be free 20 spend the remainder
OF his Gays in relief from business
cares.
The first reports were that the deal
was to be consummatcd on June -,
but that date came and passed with
out cOnsuu nation. However, publ
cation this week Of the generally
known facts by the Bristol Banner, a
newspaper in this county, whose edi-
tor IS closely related TO Eugene At
kins who has been conducting the
negotiations. leads 20 the conclusion
that the actual contamination OF the
sale-at Col. COnns villa at Catalina
minent If not already a fact.
Owner i'm West.
Col Conn and Mr.. Atkins LETT here
for Catalina "a week ago. and 1T is said
by a well known financier that three
otke. parties To the deal we're 10 join
them on the way To Catalina, 10 con-
tinue the negotiations there where
Col. Conn has recently had his villa
thoroughly oVerhauled.
m d.
ing deal have always been elusive,
hut IL has been said that the probable
pure hasers include George and Glenn
Studebaker of South Bend, and that
the deal involved sum that was any
where from 100000 to 100000, and
that it was estimated that Col. Conn's
net proceeds from the cleanup would
range about 100000. Report had it
that ne was TO retain a nominal inter
est in the band instrument factory, in
order 20 justify the continued use Of
his name as trademark.
II am afraid il won't go through"
was the last word q friend had from
Col. Conn, along about the middle of
June, when 1t was expected there
might be something tangible TO
chronicle at any moment
Await Word From Conn.
However. IL is reported that friends
OF Mr.. Atkins have been very conf
dent in the last day or so, indicating
receipt of some definite predictions
from him. and it is known that Col.
Conns local representatives have been
eagerly awaiting messages from the
coast today.
All Of Col Conn's holdings-here
and elseWherc-were listed in an in
denture recorded i'm April. 1911, when
he hoated a 100000 bond issue to
cover indebtedness and provide funds
Ia, q Il
instrument factory The descriptions
lin legal verbiage-are lengthy, but
the following is an approximate indi-
cation of the local holdings.
Description of Holdings.
The band instrument factory and
its personally including patents, etc.
The property and good Will of the
Truth Publishing co.
The equity of Mr.. and Mrs. Conn in
a contract with the Angldle Comput-
ing Scale Co. for the realty occupied
by tEat company.
The Conn farm. and various tracts
and many city lots adjoining the farm
now within the city lmits-nOrtheast
Elkhart
What is known as the Lane addi-
tion. east of the Elkhart river and
south of Jackson ST.
The lot at the southeast corner of
Second and Lexington.
The Puterbaugh and the kavauagh
s. Pollard blocks mt Main and High,
since sold 90 Ut. II. BuVklen.
The "old factory site on Jackson
ST.. and several lots west or it,
The Strong avenue residence.
other assets that were included in
the indcnture were.
4 MORTGAGE for S11.1S6 held against
Hiram and Anna Henry az Boise City.
A motor boat. Comfort" and a
IA Nrrrras a.. IL
Calf
Two lots IN Avalon Calf. and Ger
tain easements across these lots.