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Cornwell-swift Again

Cornwell-swift Again image
Parent Issue
Day
17
Month
July
Year
1890
Copyright
Public Domain
OCR Text

Christian Mack, Daniel Iliscock and Frederick Schmid have filed a bilí of foreclosj'e and injunction against the Swift estáte and the Cornwell Manufacturing Company. The document alleges that, about May 1, 1883, the defendants, Swift and others, mortgaged their property, known as the Sinclair raill, to secure a note of $29,000 held by the pla ntiffs. This money, with interest accruing, was to be paid in yearly instalments, uniil the whoie amount was returned. It appears, however, that only a small part ot this note has ever been paid, and the plaintiffs assert that tliere is now due upon it $3J,210 80. The mili property. it is held, is dow worth less that $25,000 and is therefore insufïicient to satisfy the claims against it. The plaintiffs assert that the value of the mili has been considerably leseened by the building of the Cornwtll dam up the river. It will be remembered that the Swift estáte, last spring, gained a judgment in the circuit court, agaiust the Oornwell Manufacturing Company, of $15,500. Cornwell immediately appealed the case, and the matter is now pending in the supreme couit. Messrs. Mack, Schmid and Hiscock claim that they are justly entitled to a part of this judgment, inasmuch as the in jury done by the building of the Cornwell dam was really an injury done to the mortgagees. The case is an unusually important one, and its progress will be watched with great kterest.

Article

Subjects
Old News
Ann Arbor Register