Showing posts with label O.J. Lewis. Show all posts
Showing posts with label O.J. Lewis. Show all posts

Monday, February 16, 2015

Family History Writing Challenge Day 16

Pitzman's Atlas of St. Louis 1878
Pitzman's New Atlas of the City and County of Saint Louis, Missouri 1878 clearly shows the areas of land owned by John Murdoch at the time the survey was taken. Julius Pitzman was the St. Louis County surveyor until the split of the city from the county. At that time he became the surveyor for the City of St. Louis.

Outlined in red is the property of Murdoch. On the bottom part of the map you can see the areas that he had subdivided. Some of these lots may have been sold off by the time this survey was taken in 1878.

According to Gould's St. Louis Directory, in 1878 John Murdoch was still residing on his farm in St. Louis County. He remained employed by O.J. Lewis & Co. as an auctioneer.

On May 2, 1878 in St. Louis County Deed Book 6, page 485 a Trustee Sale was filed by Benjamin Farrar. It listed a property description of Murdoch Farm, including the 226 acres, mansion and outbuildings, and further stated that Murdoch was still residing on the premises. John Murdoch had not paid the loan, interest or taxes on the property, thus putting him in default. The document detailed the auction of Murdoch Farm to be held on May 22nd at the eastern front door of the St. Louis City Courthouse between 10:00 a.m. and 5:00 p.m., where the auctioneer will "proceed to sell the above described property at public auction to the highest bidder for cash to satisfy said note and interest and taxes and the costs and expenses of executing said deed."  The Trustee Sale was published in the St. Louis Daily Journal twenty-one times, beginning on May 2, 1878 with the last insertion appearing on May 22, 1878.

Isaiah Williamson was the highest and last bidder, paying $23,000 for the land, and a Deed transferring the property to him was signed on May 22, 1878. The 226 acre farm, mansion and outbuildings of John Murdoch now belonged to Isaiah Williamson. Murdoch literally lost the farm on the courthouse steps.

Thursday, February 12, 2015

Family History Writing Challenge Day 12

For two years John Murdoch handled the responsibilities of administering the Murdoch & Dickson partnership estate. But on October 14, 1873 he executed a deed of assignment of the partnership assets to John G. Priest for the benefit of creditors of Murdoch & Dickson. Through this assignment he undertook to convey to Priest as assignee all of his own property for the benefit pro rata of his individual creditors, and all of the property of the firm of Murdoch & Dickson for the benefit pro rata of the creditors of the firm. Subsequently in that same year, failing to obey an order of the court to give an additional bond as surviving partner, Murdoch was removed as administrator of the estate of Murdoch & Dickson. The Southwestern Reporter, in giving an overview of a lawsuit that was filed many years later, stated, "From the record facts before us, we have no doubt that the firm owed in excess of its assets and was insolvent."

James Eads and Barton Bates, as Trustees of the estate of Charles K. Dickson, were provided with the following accounting of the assets of the firm of Murdoch & Dickson. The amount of $93, 237.47 is shown, and a note below it states "subject to credits and debits." This was presumably provided to them by Priest.

Balance sheet of Murdoch & Dickson

John Priest, in the meantime, proceeded with his assignment, collecting assets, allowing claims, and disbursing moneys. Priest remained in the assignment capacity until 1888. At that time he applied for discharge from those responsibilities.

John Murdoch continued to work in the auctioneering business. A Tour of St. Louis or the Inside of a Great City by Joseph A. Dacus and James William Buel, published in 1878, had an accounting of the auctioneering firm of O.J. Lewis & Co.

In St. Louis there are several large auction houses, but the chief one among the many, representative of the West, is the immense house of O. J. Lewis & Co., No. 417 North Fifth Street. The present firm is the successor of Murdock & Dickson, who established business in 1836 at No. 204 and 206 North Main Street, at that time the center of the jobbing trade of the city, where they did a very large business. In the year 1873 Mr. O. J. Lewis purchased the entire interest in the concern, when the name of the firm was changed to its present title.

Because Murdoch & Dickson was in the process of liquidation, it would be interesting to know what, exactly, O.J. Lewis was able to purchase in 1873. Perhaps it was just the expertise of John Murdoch, as future city directories have him listed as working as an auctioneer with O.J. Lewis & Co. Lewis experienced great success with the business, moving it to a six story building consisting of twenty-seven thousand square feet.

While it must have been exciting to work for a company experiencing such growth, one can only imagine what it was like for Murdoch, who had always been his own boss, to no longer be the one calling the shots.