New York Times, 6/3/1897

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From the New York Times, 6/3/1897

LIBBY PRISON IN COURT.
Foreclosure Proceedings Against the Famous War Relic.

CHICAGO, June 2. Stewart Spalding was appointed receiver this morning under foreclosure proceedings against the Libby prison War Museum Association instituted by Charles F. Gunther. The bill filed by Mr. Gunther seeks to foreclose under a trust deed given by the association to secure $25,000 worth of bonds in April, 1895.

The court is told that the defendant association is insolvent, and that its only source of income is that derived from the exhibition of war relics. The receipts, is is shown, exceed the expenses, and the court is told that the surplus should be applied on the ground rent and also for the payment of taxes.

Page last updated on 07/08/2008