Spence

ROOKED J.

In 1888, George Spence, a large real estate holder made an assignment to J. Warren Keifer. Considerable of the property assigned was covered by mortgage, while a fair amount remained unincumbered.

The assignee proceeded at once in the discharge of his duties, and has converted most all the assets into money. There,however, remains some incumbered and unincumbered property to be sold, while there is also a considerable sum held by the assignee in the way of notes taken for the deferred payment of the sold real estate. Some of the preferred creditors have been paid in full from the…