Ira Morgan's family moved to Elwood from New York in 1848. The Morgans owned over half of the 982 acres in today's Abraham Lincoln National Cemetery near Elwood, Il.
In 1927, the James Tyler klan moved north from Reddick, Il. to Elwood, Il. after allegedly bankrupting a grain elevator. "She's [June [Morgan] O'Connor] just some old lady that owed us [Tyler grain] a lot of money" right Jimmy Tyler? Guess what? Go JT49.Net ..to learn more..click
The Morgans sold over 1100 acres of land to the U.S. Army in 1940 which became part of the Joliet arsenal. The pristine Morgan land was in the buffer zone and never used.
Today, that same 1100 acres is now also part of Midewin Tallgrass [U.S. Forest Service].
Seized and SOLD by the state of Illinois to MASTERBLEND! This sign is located at 29400 South Hwy Illinois 53
Louie points sign northwest Perfect Louie! On behalf of Grampa Morgan, thank you! Louie and Todd of Van Mack Electric places the IRA MORGAN ROAD sign on the new stoplight on Il. Rt. 53. With a little help from Todd, Louie set the sign and gave a thumbs up when finished. Thanks guys!
Two former Will County business executives, sentenced to federal prison last month for the multimillion-dollar collapse of Ty-Walk Liquid Sales Inc.[a grain elevator company], were charged in an indictment unsealed Wednesday with 49 counts of theft, forgery and other agribusiness laws. The financial failure of the grain elevator was the largest in Illinois history and creditors and farmers lost tens of millions of dollars when Ty-Walk Liquid Sales Inc. was closed by state regulators in August of 2001.
Poetic justice? Tyler is located on land formerly owned by Ira Morgan before the U.S.Army bought it
for the Joliet Arsenal in 1940. In all, the Morgans sold about 1100 acres.
TyWalk timeline - documents
coming soon!
These information snippets were gathered from
actual and various documents recorded in Grundy,
Kendall and Will counties including court records
In the beginning…
January 27, 1987. Robert D. Walker borrowed
$6,200,000 from Wells Fargo Ag Credit.
October 1992. Buzz Gibbons and former Will County
Judge Thomas M. Ewert became New Lenox neighbors.
August 13, 1993. Judge Ewert filed a preliminary PUD
plat for approval with the Village of New Lenox.
Judge Ewert notified Lila Walker,[Robert Walker's
mother] and WKP Properties [a Ty-Walk company] of
his intent to annex and subdivide his land adjacent
to the Walker farm near Francis Road, New Lenox. The
Walker’s approved. [ New Lenox certified these
facts on Sept. 13, 2002. ]
April 4, 1994. Buzz Gibbons and his father-in-law,
Robert D. Walker, borrowed $4,500,000 from the First
National Bank of Joliet.
1998
[tile at Joliet Junior College]
June 24. James
R. "Jimmy" Tyler, President of Tyler Grain in Elwood
and John C. "Buzz" Gibbons of New Lenox, President
of Ty-Walk in Minooka,
signed merger documents creating TYLER-WALKER AG
SERVICES, a Delaware corporation which did business
in Illinois as Ty-Walk Liquid Sales, Inc. Buzz
Gibbons was named Chief Executive Officer. L. Park
Davis, attorney. Buzz goes to Marion, Il. Federal
prison 04/15/2004 for mail fraud. What happened to
the $13,475,000?
June 26. Ty-Walk borrowed $13,475,000 from the
July 2. Ty-Walk Articles of Merger recorded in Will
County as R98086802
July 3. Chicago Tribune: "Officials of two longtime
farm services firms in Will and Grundy Counties
announced Thursday that they have merged their two
companies. James Tyler & Sons Inc. of Elwood and
Ty-Walk Liquid Sales Inc. of Minooka have combined
to form Tyler-Walker Ag Services. The merger
creates one of the largest providers of agricultural
services in northern Illinois, with annual sales
expected to exceed $50 million."
November 5. The Mercantile Bank amended Ty-Walk's
credit line to $17,500,000.
November 18. My mother, June O'Connor, then 81, sued
Ty-Walk, several Tylers and their attorney, Joe
Tryner of Wilmington, for fraud. June's case
centers on an alleged forged document [1981
promissory note] and alleges a loss of $321,000.
She claims she was tricked into collateralizing her
farm for a debt she did not owe. Ty-Walk's
attorney, Matt Glavin of Chicago moved for and got a
venue change from Kankakee to Will County. June's
attorney is John Ridge of Kankakee. 815 936-1212
1999
March 18.
O'Connor vs. Ty-Walk [case 99L 182] is assigned to
Judge Ewert. Glavin moves eventually moves to
dismiss.
July 13. A court hearing, at which Will County Judge
Ewert was expected to dismiss June's case, was
delayed.
July 15. Buzz Gibbons and Robert D. Walker, borrowed
$10,000,000 from a large New York bank, Brown
Brothers Harriman & Co. [Hereinafter BBH] They each
signed personal guarantees for the money.
July 29. Judge Ewert dismissed June's case entirely,
which freed the Tylers and Joe Tryner from
liability. June amended her complaint. Buzz Gibbons
and Robert D. Walker borrowed millions with this
litigation pending.
December 30. Ty-Walk changed its name to "Ty-Walk
Agricultural, Inc." as part of a so-called
recapitalization plan. They then formed a new
Delaware corporation and named it "Ty-Walk Liquid
Sales, Inc.". All of the assets of the old Ty-Walk
were transferred to the new Ty-Walk in exchange for
stock in the new Ty-Walk. This was not disclosed to
June. She had sued old Ty-Walk.
2000
January 25.
Tyler Enterprises of Elwood, Inc. was dissolved.
Ty-Walk's sole asset was stock in the new Ty-Walk.
May 2. Ty-Walk borrowed $2,400,000 from New Lenox
State Bank.
May 4. Ty-Walk borrowed $8,600,000 from MetLife in
Bloomington, Il.
May 23. Ty-Walk borrowed $1,610,843 from New Lenox
State Bank.
August 21. Judge Ewert dismissed June's entire
amended complaint with prejudice. Ty-Walk had
stopped June's case dead in pre-trial motions. No
trial. No verdict. No judgment. And no money!
November 22. Ty-Walk borrowed $5,184,000 from New
Lenox State Bank.
2001
February 19. ComStock Valuation Advisors, Inc.
concluded the fair market value of the new Ty-Walk
stock was $24,810,000 or $24.81 per share.
February 27. Buzz Gibbons gave BBH a supplement to a
commodity repurchase agreement, which claimed
Ty-Walk at Minooka had 564,168 bushels of soybeans
and 4,244,147 bushels of corn. It was fatal to
Ty-Walk. BBH checked it out and notified the United
States Department of Agriculture who in turn
notified the Illinois Department of Agriculture
[IDOA]. The IDOA paid Ty-Walk a visit.
March 31. Judge Ewert retires from the bench of the
12th Circuit Court of Will County.
July 20. Ty-Walk borrowed $818,878.78 from New Lenox
State Bank.
July 29. The IDOA began their investigation.
7,000,000 bushels of corn came up missing worth
about $14 million.
August 23. Ty-Walk gave up their grain license. They
became the largest grain elevator failure in
Illinois history. A TyWalk principal dumped their
longtime 'TYWALK' vanity plate.
October 11. New Lenox State Bank filed foreclosure
[CH 1574] against, among others, Ty-Walk and Buzz
Gibbons.
October 12. Chicago based Ty-Walk attorney, Matt
Glavin, filed an amended complaint [case 01 MR 339]
against Ty-Walk Agricultural, Inc. for Richard R.
Tyler, asking for Declaratory Relief and Money
Judgment.
October 29, 30 The IDOA held auctions of Ty-Walk
trucks and other equipment. State and federal
criminal investigations were initiated by five
state's attorneys, the Illinois Attorney General,
the Illinois Department of Labor, the Illinois State
Police, the IRS and the FBI office in Tinley Park.
November 5. Judge Haase signed a court order
awarding Richard R. Tyler a $1,075,538.80 judgment
against Ty-Walk Agricultural, Inc.
2002
February 21. Will County state's attorney, Jeff
Tomczak, held a meeting about Ty-Walk in Joliet with
Attorney General prosecutors and other state
officials present.
March 17. My father celebrated St. Patrick's Day
with his family at Rosewood Nursing home,
Dennis O'Connor [left] celebrates his father's
91st St. Patrick's Day! It would be Frank's last.
April 6 My father - Frank O'Connor - died at 91.
He was a life long Elwood area farmer and customer
of James Tyler & Sons, Inc. - Ty-Walk's merging
corporation. Dad trusted Tylers. He had a legal
right to. But my mother – June - paid dearly for
that trust. I'm glad Dad was healthy and lived to
see Ty-Walk go under.
April 17. Brown Brothers Harriman Bank filed
suits against John C. "Buzz" Gibbons [02L 218] and
Robert D. Walker [02L 219] for enforcement of
guaranty and common law fraud regarding their
$10,000,000 loan.
April 29. Ty-Walk President, Robert D. Walker,
deeded 460 acres of land [more or less] located in
Grundy County into JMWA; an Illinois limited
partnership, and was recorded as Grundy Co. document
402437 by his attorney, Andrew Dystrup.
June 18. Robert D. Walker became the new registered
agent of Ty-Walk Liquid Sales, Inc. and Chairman of
the Board. Attorney Gerald Haberkorn vacated.
June 26. A Sheriff's sale was held on Ty-Walk's
"Walker Country Estates". New Lenox State Bank
received $7,270,000 and closed their case by their
attorney, Douglas Schlak.
June 28. Ty-Walk President, Robert D. Walker, deeded
an undivided half interest in 220 acres of land
[more or less] located in Will County into Trust
number 1633 at the Municipal Trust & Savings Bank in
Bourbonnais, Il and was recorded as Will Co.
document R20022106879 by his attorney, Andrew
Dystrup.
August 19. June and I discovered that Judge Ewert
was a neighbor to Buzz Gibbons during her court
hearings. Judge Ewert did not mention that fact or
that he knew Robert D. Walker to the court. He did
not offer to recuse himself from the case. Not one
word was mentioned. [See Frank and June page]
August 20. June filed a motion [2-1401] to set all
of Ewert's rulings aside claiming he was biased and
gave the appearance of impropriety.
The motion was assigned to Will County Judge Paula
Gomora. Three weeks later, former Judge Ewert made
a donation to Judge Gomora’s campaign fund!!!
Gomora lost the election and the motion went to Will
County Judge Garrison.
2003
Former Judge Thomas M. Ewert now practices law at
Spesia, Ayers and Ardaugh in Joliet? The firm that
defended Robert D. Walker against Brown Brothers?
Attorney Larry Varsek defended Buzz Gibbons. Those
two cases are still pending. There have been six
judges on Walker's case, with Judge Haase currently
presiding. Judge James E. Garrison is hearing the
2-1402 motion in O'Connor vs. Ty-Walk.
January 27. Ty-Walk attorney, Mr. Glavin presents
Judge Garrison with "courtesy copies" of among other
things, his last reply to dismiss June's section
2-1401 and for sanctions.
Glavin wrote, "In June, 1998, the Tyler family sold
the company to the Walker family. After the sale,
the company was re-named Ty-Walk Liquid Sales, Inc.
and was operated by among others, Robert Walker and
John "Buzz" Gibbons." Or was the "sale" really a
"merger"? The Illinois Secretary of State says
it's a merger. The newspapers reported it as a
merger. If it was a sale and not a merger, why did
Glavin sue Ty-Walk for Richard Tyler in 2001? I
thought Glavin said the Tyler family sold their
company to the Walker family in 1998?
The Ty-Walk Articles of Merger, recorded July 2,
1998 in Will County as R98086802 state in part:
"Tyler was the merging corporation and Ty-Walk was
the surviving corporation". And also that
"….All shares of [Tyler] Stock held at the Effective
Time by [Tyler] as treasury stock shall be canceled
and no payment shall be made with respect thereto".
".…Each share of [Tyler] stock shall be exchanged
for 138.55 shares of [Ty-Walk] stock. Upon
conversion, the shares of [Tyler] stock shall be
deemed
retired and canceled".