The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-11-12
THE ESTATE OF STOUGuTON A. FLETCHER.
The Division that Parties Interested Have
Agreed to Make Of Disputed Property.

After the failure of Fletcher & Sharpes Bank,
of which Stoughton A. Fletcher was a partner,
he made an assignment of his property to II. J.
Milligan, for the benefit of his creditors. In
making an inventory of the property, it was dis
covered that much that was of value had been
transferred to his wife, in years past, and the
question arose whether or not these transfers
were made before Mr. Fletcher became insolvent
If they were, of course, she had perfect right
to the property in question. 1t was very diff
cult matter to determine, and finally Mr.. Mill
gan held consultation with all the parties in
terested the FleJchers and the creditors Of the
banking frm and, after much elaboration,
basis of settlement was agreed upon, Mrs. Fletch-
er to receive certain property, and Mr.. Milligan,
as trustee for the creditors, the remainder. This
agreement was reported to the Circuit Court,
yesterday as follows:
Whereas, controversies have arisen between Harry
j. Mlgan assignee and trustee for the benefit of the
estate of Stoughton A Fletcher on the hand,
and said Stoughton A Fletcher and his wife Elizabeth
b. Fletcher the other now therefore, it is agreed,
subject to the approval of the court that said contro
versies all settled upon the following terms towit
Item l.. Stoughton \. Fletcher and Elizabeth b.
Fletcher, his wife, to convey to said Milligan,
trustee all the real estate held by said Stoughton A.
Fletcher at the date of his assignment, except the
owen county farm, thereby conveying to SAID trustee
the contingent interest of said Elizabeth B. Fletcher
therein
Item 2. Said Elizabeth B. Fletcher is to transfer
and surrender TO said trustee $50 shares OF the
value of 500 000 of the capital stock of the Indian
apols Gas-lighS and Coke Company.
Item 3. Said Sloughton A. Fletcher and Elizabeth
B. Fletcher to quiet claim and convey to said Mil
hgan the undivided fourifths of all the real estate
conveyed by them to Laura F. Hodges, on or about
Dec. o. 1888 which is designated on said Stoughton
A. Fletcher's journal as advancement of $50 900
to said Laura F. Hodges.
Item a. Said trustee is to transfer and turn to
said Elizabeth B. Fletcher, 500 shares of 81 600 each
of stock in the Atlas Engine Works. $50 10000
l, 1884, due in ten years at s per cent 100000
Two notes of Albert E. Fletcher dated
May II, 1888, due in two and three
years, for 81, 900 EACH with accrued
Note of Atlas Engine Works dated Oct
out interest. 2,375oO
crued interest 80. -. $4,000
1883, due in one year '. 1851 90
Forty-six Plymouth Church bonds 100000
Haverly gold mining stock -. .....4.e 10000
addition 800 O' .t4. - -... 2,351oo
upon which there is a credit of SIS, 600,
This agreement is made on the understanding that
said Atlas Engine Works will issue notes in such
$125, 900 note now held by said Trustee Milligan,
with interest payable annually.
Item 3. Said trustee Milligan is to make further
claim against said Elizabeth B. Fletcher account of
donations or transfers of property by Stoughton A.
Fletcher to her and this agreement is in full settlement
of all claims of said trustee against said Elizabeth B.
Fletcher Said Elizabeth b. Fletcher and Stoughton
A. Fletcher have conveyed and transferred to said
MiigaB, trustee the property to be so conveyed to
him, and on the confirmation of this agreement by
the court, said Milligan, trustee, is to make said
transfers TO said Elizabeth Fletcher. If the court
refuses TO confirm the same, the said Millgan is to
reransfer and convey said property TO put her
and the said Migan trustee in statu quo to their
respective rights HARRY j. michigan, Trustee,
ELIZABETH b. FLETCHER,
SToUGHToN A FLETCHER.
1t should be understood that the above list
does not include any considerable part of Mr..
Fletchers property which will go to his creditors
but only that which was in dispute.
Mr.. Milligan also filed a petition asking that
he be allowed to dispose Of the property of Mr..
Fletcher by private sale for the next year, as a
forced sale at auction at the present time would
necessarily result in great sacrifices. Both of
these matters will come up for hearing before
Judge Ayres this morning.