The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1921-04-29
BANKRUPT SALE
THE REAL ESTATE AND PERSONAL PRO-
PERRY OF GEO. W. MAGIN BROUGHT
$tO,145.OS - CLAIMS AMOUNT 10
$35,OOO.

The personal property. tho Store
property and canning factory belong
ing 10 George w. Magin was sold al
public auction on Saturday. The real
estate was sold under the mortgage
Of Edgar s. Jenkins. mortgage. for
whom Joseph ID. Brooks was solicl-
tor and the property was purchased
by Ernest A. II. Barnes for $3.50 and
tAe buildings, and machinery on the
property not a part Of the real es.
tate. were sold for S245O by Charles
%. Clemson. trustee of George w. Ma
gin, bankrupt, the two sales having
been made together as one sale but
two separate settlements we're made
BY the purchaser Ernest A. ~.
Barnes also bought the store goods
for $l0S5 and the store fixtures for
SfS8, making total Of sl5i5 for stock
of goods and show cases and ma
chimes Va the store at TayiOrsville.
The live stock and farming imple-
meuts belonging 10 tho bankrupt's
estate as we'll as all other personal
property were sold at public auction.
A great many people were present In
spite Of the rainy day which made Il
very uncomfortable for people 10 be
out The amount Of the sales
Ot real estate and persnnat
property was ti0.i450s of which
$3.50 is the proceeds from the sale Of
the real estate and sG7g5.0s will be
for the benefit of the creditors Be.
sides the money obtained from the
sales. L Is not thought that the bank
rupt's estate will yield much addi-
tlonal cash money. The claims against
the bankrupt's estate other than
those Securod BY mortgages amount
70 about $4,000 which would seem 70
Indicate that the dividend 10 the un-
secured creditors will be somewhere
between ten per cent and thirteen pcr
cent on the dollar. unless additional
claims should be tlled against the es-
tate later.
Charles o. Clemson. the trustee
says that ot the totai amount of mon.
ey payable TO him from the proceeds
81 personal property belonging 10 the
bankrupt amounting TO s6795.SO ali
but $3.50 wna paid In cash or secured
on the day of sale. i Is said that the
purchaser Of the real estate aud Of
khe etgre goods viii form stock
company % conduct a store and can.
nink factory at TayiorRyllle besides
Ernest A. H Barnes. who 10 young
active farmer and business man OF
Franklin district. several of his near
relatives are Interested financially
With him IN the purchase of the prop
erty. George W Magin. the bankrupt,
was present at the day of sale and
aided the trustee and auctioneors In
every way possible in their offer Of
tho property for sale to the best ad
vantage
Literally ali roads led To Taylors-
Vile on tho day of sale and the public
county road from Westminster 10
TaylnrSyiii0 WIS actually a Sea Of
Mud or the several Thousand peo-
pie who attended the sale 90 Tsyiors-
yllle hardly one could be found who
would not be q strong advocate for
a mncndam or other hard service
road from Westminster Via TayiOra-
VILE % Mt Airy. II Is literally ana
actually a shame for any prosperous
county like Carroll Ia have such q
road rs the present road from west
minister via Taylorsyiile 10 Mt Airy.
over which 30 much traffic has 10 so.