The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1916-11-18
Notices Posted Today of De
fault of Notes Given
by E. c. Crosby
AUCTION SALE SET
FOR NOVEMBER 20
Possibility of Change in Ownership =
Sale to Take Place Unless Obligations
Are Previously Paid = Three Sales
on Same Date,

Sale to Take Place Unless Obligations
Are Previously Paid = Three Sales
on Same Date.
possibility of change in tie
ownership of the Brooks House came to
public notice this morning in the post
ing in the selectnen s room of notices
of coming auction sale of stock of
The Brooks House company held under
collateral agreement as security Tor
notes given by Edward c. COSBY,
which the notices say have been lie
faulted.
The Brattleboro T,ust Co., under !bIs
agreement, holds 260 shares of the cap.
ital stock OF the Brooks House Co.. ard
as much as may be necessary to pay the
obligations will be sold Wednesday,
Nov. %.
There are three notices, posted side
by side. The Peoples National bank
gives notice of default in the payment
Of note signed by Mr.. Crosby, orig
inally given to Mrs. leila A. Staten
| for $4,000. The bank holds as eollat-
erai 10 shares Of the Brooks House
stock, and the notice says that unless
the obligation is previously paid such
| part of the stock as may be necessary
will be sold by auction at the banking
rooms of the Peoples National bank
Wednesday, Nov. -, at 8 a. III.
The Vermont Savings bank gives no
tiee that there has been default in the
| payment of q note for $4,000 given
I To- s.i al s.. ~
collateral 50 shares of the Brooks
| House Co., and that unless the note is
paid in full the stock will be sold by
auction Wednesday, Nov. 90, at 9.5C
| a. IA.
The Brattleboro Trust Co. gives no
tice that there has been default in the
payment of notes held by the Peoples
National bank, the Vermont Savings
bank and the Brattleboro Trust Co. 4.
follows:
| Note held by the Peoples bank giveI
10 Mrs. leila A. Staten April, 1907
for $4,000, on which there is now due
2,699.59 and interest from Jan /
1916.
/ Two notes held by the Vermont Saw
ings bank, each given Jan. %, 1902
each for $4,000.
Note held BY the Vermont Saving,
bank dated Dec. /, 1907, for $4,000.
Note held by the Brattleboro Trus
Co. for $4,000, dated Sept. 8, 1911, OF
which there Is new due $4,000 and in
terest of s247.84
The Trust Co. notice adds that unde
a collateral agreement between tn,
banks and AIr. Crosby made Jan. lo
1914, It was provided that the Trus
Co. should hold go shares (par valu;
5000 of the stock of the Brooks IIous
Co, as collateral for these notes ant
certain other notes of Mr.. Crosby, ans
. in the event of default the Trust CO
should, under the application Of tn
bank or banks TO which default has oe
Cured. sell the whole or any part o
the collateral and apply the proceeds
pro rata, toward the payment of III
obligations. The notice says tina
there having been default to the Trus
Co. and the Trust Co having receives
notice of default to the Peoples Ma
tional bank and the Vermont Saving
bank and demand having been made
the Trust Co. will sell by public auc
ton ar it's banking rooms Wednesday
Nov. %, ak 10 a. m., the go shares o
as much az may be necessary to pa
the obligations.