, 1875-02-15
B. F. ALLEN.
Proceedings of His Creditors In
I0WN.
Tho Mortgage.suit for Nine Hundred
Thousand Dollars.
Tho Petition Of ". 4. Stephens and Il. Bleu.
nsrhassett, Of lie. Firm Of Allen,
Stephens & Co.

!sreetnl torrespondrnte u The Chicago 7rftnnA
Ura Mo1sEs. Ia. Feb. 12.-For tho past thre'
days, but few creditors OF A1r. Allen llnvo h1ct
claims. There arc but about 125 names signet
to tho petition in bankruptcy, representing
100000. 1t Is reported by the Committee thu
there are about 500tcrcditors. Tho largest do mo-
como forward, but tho Committee arc contldon
they will secure tho requisite number and value
this week,
The following is the petition filed in the noted
e900o 900 mortgage s'1it:
ss,s' ssts fss, CT Gs:a s,t u + a. s
~ Ii. a :a;a c,,ent ears n the United States for sa* III.
Your orators. " A. Stephens @ ana u! bIennsrhassett
hun,by complaining Of BENJAMIN F. Allen, ctI2cI
ad resident Of tho State Of illinois, show to the Court
do written Instrument hereinafter lnentloned tho
said i. +. Allen entered Into : ,corastnerslip with
# ss sns
style Of Alien, stephenn 10. which sail cnrartncr-
Allen, aud yuur orators ". A. slephcns and L. pen-
uarlassctt.
Your orators further rhdf:
Tint, prior 70 the date Of sa instrument heretnaf.
ter act forth, tho had entaiu F.. Allen engngell
tu banking business In ha own namc III the CITY Of
Lea Mouer. in tho stae Of Town. a,d also largo
President Of, tho coox County National Bunk, a
body corporate e1atinR under tue National Banking
iaw In the City Of CLirogo md the Bsate Of Illinois
That y9ur orators ana ths .ata i'sm q Allen Ste
That on md Prior to lis ste Of sa mortxnge, the
ssd = f. Alien, on hshalf 9 Of 1!self and The saia
to mako to him, In hts behalf, aul In bohuif Of
The said Cook County National Bank, nron tho rotron-
etb.ity atd crod!t OF tie said Aen cettan large a
vances money, exchange a,ul other vlubIo sccurl-
tea and for certaln Endorsements notes. bonds bis
Of exchange anl guarantees of stock md secnrltcs III
ordsr enable the sniA Allen to aata his credit, aud
The credit Of The Couk County Nationa! bans.
saa apps.on Sor osaors in o ns.aa Of Avu
Stephens Co., hut In truth anu in fact OF tlletr
tuuss aud mcns. d! make advances ~ aforesaid, and
loaned tho crtit, and hccano Responsible. personay
and individually monbern Of said firm Of Allen,
stsphsu. Co.. to a lsIgs t1 g. amount, to.w!t; ,
that, ii aid date, The eaa Allen respondent. de-
Iirel still furthor advances nnl Endorsements from
your oratora and that your would tho use
aud beneat Of said Allen, make other avanceinens 10
1na for h sna to saa ~ sos o oook s coa M
already incurred tho said Alien did, on to 1sth day
Of Noycmber 1874 execute for the security md hem
e1t Of your oratord the following inAFuIncAt III writ!
Ing, iu-wit:
n; re- r 4!sn +n a ~ 14''s, = %tcht".h ,29, & c.;
secelpt Of s4c SO Of advances to tho Cook County
National Bauk Of Chicago, for my account,-sama be-
ing sy s o u
dttional advances, and. 10 consideration thereof,
hereby grant and convey to Allen, steptsna Co., ~
sl NJ Eea! estate Of every kind and ae,sripion. md
Whieb tnstrnasnt was du,v ocknowlcGed hcfaI.
notary public by tug said h. F. Alien, aud certified by
eaid notary and delivered to the custody Of your ora
tors.
Your orntors further show that In consideration of
md secury, your oratofs farther advanced 10 the
aid Allen. IN money and va1uablo securities, and be-
came personally ahlo by Endorsements Of securities
for tue said Allen: ind at Ills REQUEST in the further
sum OF So. 54.s23;l2,-making total amount Of I'd
curdy, Of the Of 5000 0o0 paid aud advanced By
yonr orators, and for which they became HaJe In
Your orators further chow, that, In pursuance Of
saa mortgage and more particularly to assure your
osasoEs ot UP value o. sad security and to define
yoyed and pfedgad thereby the said D. +. Alien de-
Avored to yo1r orators description Of Ais real estate
IN tile Haale Of Iowa owned by Lin ht tho date uf the
execution Of said Instrument which description Of
zeal estate ts AZ follows to wit:
lleTs follow ten prnteu laHe4 Of legal cap of de-
AND your orators expresply charge. that On or about
National Link saspendea y: ayun u AN" and @ he sal %
Alien ~ a;o snsRsnea payment aud nacae unable 10
your orators ana your oratnrn boeae liable tor and
paid Of hcr own means. the said labittlen 10 lnorred
~ ~ y. inc sa searea 10 by your orators
aa iclnlng Tic advances made by your o1tora to-
Allen has beco,as indebted to thin, npon the aai
mortgage VFs stecnrtty, ~ The sum Of $vou,Juo
Jarv @ ftsr thaf s,s hoT hHt on Tho 2h
corded with tho Recorder Of Deeds in Fok County,
with one H. n Donnap, tLejr agent viii nj ircitrs
10 -yo lbs snnc Tccnrie5 n ~ % "a
aho stnta n 1nsn nie. - .no several eouhtitA IN
Your ora.ors ahov tyt on tha aaI d"y ~ In;,
oor. and 10 aoprss ho u liz yoaf sa
euri ~. s1'e nuI'eage' anu me opportunity to re-
consent Of sour prsors a: H., Without f ths
Instituted retended sut Gehsnt peaS sna
gtat. ~ Inna ~ ~ y" Gonrt OF Folk couny, an
All Denmn, tn ia s.d ILL., tne Instructions of
bee revoted b1 tue sa en
sio", tr,.a .a ~ ,lnta aha 10 iaet sa!! Allen hal
sn v, knsw th.t sm nr.t,s ~ a sa mortgage,
Yor or"tor, rhs3 s naa KY not lone so
Allen made oab n Ell s emha59e 81 tut e SAID
ortgpau vas Of the yaa onIT ~ * III nat aa,a
1rcrf ~ - ra'Iasa VIZ ~ %. a44 iEa11Alcny
n 10 @ VII mi u Islhsla .a 10 ISSUE " R!suR bpuu
- rhat a satH V3 ~, =. ~. ~; ;,,,,,,..,
.u ~ sasa ~ sult was tfauduently Instituted by said
ahe execution o. sa II nrt ts herIsns iS e. nd upo
II nc.se.slo. ~ si ns, lue sala Alcn tooE pGEson
thereo viii n,ast n,1 ina ao% ~ personal
Your oraa14 aha eontrol thereof
sepleytn Ind saS nd s" S"Ies o. said Petition IN
+AsN so4A DoAAa lAkp tAetu