Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-09-19
BANKRUPT / CASE {,
MAY BRlNG0U
UNIQUE DETAILS
Minot Merchant Said to
Have Lavished $13,5oo on
Daughters Weddings.

bismarck, N. d., Sept. S.-In
story . ia double wedding in the
Radisson hotel at Minneapolis which
cost 1000 and was embellished by
Abe Gordon ,Minot merchant, with
gifts of $4,000 to each of his 4daugh-
ters. entered into the case In federal
court here in which GA. Schieber.
trustee, is seeking to recover for the
benefit Of creditors, the Gordon
Clothing company and the Leader
store atMinot and a store in which
Gordon was interested in Valley City.
w. A. Marin, representing a Twin
City jobbers' credit bureau. on the
witness stand for the plaintiff in the
suit, at a creditors meeting a pur-
planned the giving by Gordon OF a
mortgage of $13,5OO to his son-in-law.
Burnett Wolfson of Minneapolis,
stating hat Abe Gordon's daughters
were married at the Minneapolis no.
tel n that the cost Of the wedding
was, about $4,000. that he gave drafts
OF $4,000 t beach OF his two daugh-
tiers and that he used the remainder
OF the $13.50o for personal expenses.
May Deny Allegations. .
1t is expected that when the de-
Tense in the case begins its testim ony.
1t will deny this statement, as lawyers
for the plaintiff assert that the we'd
dings of the daughters were eight
The case, being heard by Federal
Judge Andrew Miller. has occupied
the courts attention for several days
and probably will not be finished be-
fore the end of his week.
Gordon has had a lot of ups and
downs in business according to plain
tiff attorneys. They assert that on
at least three. different occasions 4, he
has; been in difficulty. with creditors
and has settled his debts at discounts.
Gordon'has been in business in Minot
forNmany years., n partnership with his
brother. Herman Gordon, failing
about 1903. The firm continued, for
a time after a settlement said to have
been less than so cents on the dollar
and after a short time the brothers
opened separate stores. Since that
time, plaintiff attorneys assert, Cor
don made, settlement in 1916 with
creditors for 40 cents on the dollar.
The present difficulties date back to
November, 1921. According to Mr..
Marin. on the witness stand, Gordon
notified creditors he was in Difficult
ties and that representation was made.
that Gordon's financial condition was
as follows: Assets. merchandise,
$4,000; fixtures, $4,000; accounts, 49,
900; building valued. at $4,000; en-
Numbered 1921, 500. Liabilities. $685.
$50. A meeting of creditors was held
December IA. 1921. According to Mr.
Marin. Gordon said that delay In the
arrival Of fixtures prevented a new
store from opening during. the pre-
Vious summer and that after it was
opened about September / it lost
money. He said Gordon offered to
pay creditors 80 cents on the dollar
If he could make a deal he expected,
give ten per cent in secured notes and
eventually pay the rest. Negotiations
dragged on and fater an inventory
was taken in January and the assets
found t b less than had been expect
ed an involuntary petition in bank
ruptcy was filed.
Owes 100000 is Claim.
Gordon's bankruptcy schedules. at
torneys claimed, fully set forth his as
sets and liabilities, which were: As
sets, merchandise, 1900; fixtures,
$4,000; accounts $4,000 and store
building. Liabilities, $65,0OO to over
70 creditors. $4,700 owing to his wife,
$4,000 mortgage on building; $13,5OO
second mortgage on building; $4,000
to Minot banks, and other indebted
ness, increasing the total to over
500, 900.
The Valley City store was started
in March, 1921, a partnership of Abe
Gordon and Sam Gordon. Abe stating,
according to, attorneys, he wanted to
help his brother out. Later the. bust
ness was incorporated as Gordon
Gordon, Minnie Gordon and Abe Cor