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Show the ranch about six p.m. they ate dinner with Frank and his wife Cecile. Mr. McBride started to get his luggage from the car, and as he turned from the table to do so, he suffered a heart attack and died almost at once. Early the next morning Frank called Bill to tell him about Herb McBride's passing. And he asked Bill to make flight plans for Mrs. McBride to accompany the body back to Ohio for the funeral there. The stockholders in Ohio decided that since Herb was gone it was best to liquidate. Bill tried to get them to consider reselling the entire business as a package. But one of the stockholders was an auctioneer, and he persuaded the other stockholders to liquidate by use of the auction method, and there was nothing that Bill could do to stay him. After considerable advertising in livestock journals the dispersal sale was held at the Mt. Pleasant Ranch on October 1 - 2 - 3 , 1963. Since the sheep and various parcels of land were sold to parties in different areas the identity of the John K.. Madsen Rambouillet Farm was permanently terminated. Because of the premature death of Mr. McBride events failed to favor the perpetuity of the John K. Madsen Rambouillet Farm as had heen hoped hy the family. Bill and the Madsen sisters had acted in good faith when they felt that their sale of the husiness to younger men who wanted to use the John K. Madsen name would be the best way to continue the purebred business. Regardless of Bill's efforts to forestall the dissolution after Herbert McBride's death, events decreed otherwise. 284 |
