Showing posts with label auction. Show all posts
Showing posts with label auction. Show all posts

Friday, February 13, 2015

Family History Writing Challenge Day 13

As assignee of the estate of Murdoch and Dickson, John Priest was required by Missouri law to appoint a day, within six months after the date of his assignment (October 14, 1873), and a place where he would proceed to adjust and allow the demands against the estate. He was then required to give notice of the time and place through an announcement published in a newspaper in the county where the business and its inventory was located. The notice had to be published for three months prior to the date that Priest would be meeting with creditors. Below is the April 25, 1874 listing that was placed in the St. Louis Republican by John Priest. (He didn't quite make the six month deadline, but apparently no one challenged him on it.)

Assignee's Notice for Murdoch & Dickson
In essence, the notice was advising the creditors of the firm that they had three days to present evidence of money owed to them - April 28, April 29, and April 30, 1874 between the hours of 9:00 a.m. and 5:00 p.m. Any claims made after that date would be "precluded from the benefit of said estate." It is important to note that the notice is accepting demands against the "estate of John J. Murdoch" as well as the "partnership estate of Murdoch & Dickson." 

Dickson's personal estate was not at risk here, which raises an interesting question. Partners are personally liable for the business obligations of the partnership. If the partnership cannot pay its debts, then the creditors can go after the partners' personal assets to satisfy them. So why was Murdoch's personal property at stake and not Dickson's? In fact, James Eads and Barton Bates filed a claim against the estate of Murdoch & Dickson on behalf of Charles Dickson's estate because the firm owed Dickson money at the time of his death. That claim was later disallowed by Priest "on the ground that a member of an insolvent firm cannot himself be a creditor of the Estate of the partnership in conflict with the interests of the general creditors." Normally a debt does not go away simply because the person who incurred the debt has died. Did Dickson structure his personal estate in such a way as to avoid any liability of the partnership?

As 1874 progressed there were more signs that John Murdoch was not recovering from the financial situation the insolvency of Murdoch & Dickson had placed him in. Here is part of an ad from the October 12, 1874 St. Louis Republican. The same ad was repeated in November 3, 1874.

Notice of sale of Murdoch Farm
The Murdoch Farm was to be auctioned off to the highest bidder on the courthouse stairs on November 3, 1874 between the hours of 10:00 a.m. and 5:00 p.m. The ad goes on to describe the 226 acres of land, stating the the sale includes the house where the Murdochs currently reside and the outbuildings on the property. 

St. Louis Courthouse circa 1870

How must that have felt? To know that you were about to lose the one thing people hold most dear - their home? And to have it done in the most public way possible?


Monday, February 9, 2015

Family History Writing Challenge Day 9

The portion of the Pitzman's 1868 map of St. Louis pictured below shows some of the property in St. Louis County that was owned by John Murdoch, as well as a piece of land held by Murdoch & Dickson.

Murdoch Farm 1868

Murdoch's Farm was described in John Thomas Scharf's book, History of St. Louis City and County as containing orchards in addition to farmland, and Murdoch himself was mentioned in the section of the book discussing Richard J. Lockwood, who lived near Murdoch.

John Murdoch

Despite his apparent skills in business and farming, in 1869 Murdoch had his land surveyed and platted his farm. On April 28, 1869 an ad appeared in the real estate section of the Missouri Democrat offering the 350 acres of Murdoch Farm, divided into about five acres each, for sale at auction on May 10th. The ad read, in part, "This property is that high and beautiful ground south of Laclede Station by the property of the Sisters of the Sacred Heart....Is all under fence and mostly in cultivation and is the well known farm of John J Murdock. The mansion and the fifty acres of ground will be reserved and the balance sold to the highest bidder."

While some of the acreage sold, the vast majority of it did not, at least in 1869. The 1870 census indicated that John Murdoch, at age 55, was still living in St. Louis County with his 34-year-old wife, Julia. They had the following children: John age 11, Mary age 8, Emma age 6, George age 4, William age 2, and Joseph age 3 months. There are also four female servants listed, but no laborers. Murdoch's profession was listed as merchant, with real estate valued at $125,000 and $4,060 in his personal estate.

The firm of Murdoch and Dickson was still listed in the 1870 Edwards St. Louis Directory as being located at 204 & 206 N Main, and Murdoch was shown residing at Laclede Station Road P.R.R., reinforcing that he was still living on the farm.

On May 20, 26 & 30, 1870 postings appeared in the Missouri Republican advertising the sale of lots at Murdoch Farm. The number of available acres listed is 260, down from the originally advertised 350.

May 20th ad

May 20th ad continued


















May 26th ad
May 30th ad
















It is interesting to note that in the May 30th ad, the real estate auctioneers were serving lunch to anyone who came to look at the property. By September, lots were still be sold as indicated in this listing of Real Estate Transfers in September 26, 1870 Missouri Republican.

September 26, 1870
These two lots contain over 7 acres, and sold for $928. This transfer did not fall within the confines of the advertisements, which indicated that lots would be sold in 5 acre increments. These lots were located just south of what appears to be the actual farm land on the 1869 plat, so perhaps that is the explanation for the variance of acres sold.

Little by little, the life's work of John Murdoch was being whittled away. In 1871 he would lose something much more important to him and his family than the land they were living on.