The Newtown bee., 1891-11-06
L. B. BOOTHS
REQUEST REFUSED.
THE PROBATE COURT
DECLINES TO ACCEPT THE
TRUSTEES RESIGNATION.
MR. BOOTH PLEADS IN HIS
OWN BEHALF.

The hearing before the probate court
on the acceptance of the resignation of L.
G.. Morris as trustee of the insolvent es-
tate of l.. 3. Booth was given at the pro-
bate office, Tuesday afternoon. No out
of town creditors were present, but a few
of the larger creditors living in town
l.. b. Booth, in his own behalf, or, rath-
err, as he claimed, in behalf of his family
and creditors as well made very earnest
plea to have the time of hearing adjourn
ed until Thursday morning at IL o'clock,
claiming that so much of his time had
been taken up in looking after his crcdi-
tors that he had not had time to make all
the use he hoped to of certain paper
that he was circulating for signers, which
he thought might help his side of the
case very much. He claimed, also, that
no one could realize so much from the
assets of the estate as he could, provid-
ed the trusteeship was withdrawn and he
was allowed to have the handling and
sale of the property himself. He said,as
objection was made to his handling the
money, he was willing to have an agent
on hand to take charge ofall monies that
might come into his hands, although it
would be very humiliating to him to see
that done; he claimed that he had al
ready the consent of 95 per cent. of his
mercantile creditors that he should go on
in that way and said that the way the APP
praisers were putting values upon his
stock was just slaughtering his property
worth thousands of dollars more than
their inventory was likely to make it out
to be. He knew that, if the busine IS
was ali put back into his own hands, he
could save thousands of dollars for his
creditors. He cared nothing for him
self any longer, but on account of his
family and his creditors, all of whom he
was willing to fight desperately for in
his efforts to make all the reparation in
his power to make. He asked, in the
name of Justice, that his plea for one
chance to make an effort be granted and
the court accept the trustees resignation
and place the business in his hands once
more. Mr. Booth seemed SO thoroughly
imbued with the idea that he, alone,
could bring order out of chaos, restore
business to its legitimate course and
eventually make restitution, that it was
very hard to relinquish the plea.
Attorney C. II. Northrop, treasurer Of
the Newtown savings bank, representing,
as he said, one of the most important
corporations in the town, could not,
speaking in the name of the depositors,
hear, for one moment, to any such arr
rangement being made. He could see
no benefit that could possibly be expect
ed to come from such course, but, on
the other hand, he thought that it would
be very detrimental to the best interests
of all concerned to have the trustees re-
signation accepted and, as treasurer of
the bank, he should oppose any such
plan.
Attorney w. J Beecher, referring to
the legal aspect Of the case, said that, in
the event of the resignation being ac-
cepted, it would be the duty of the pro-
bate court to immediately appoint sue
cessor, nor did 1t follow that he must of
necessity live in Newtown. He might
be an inhabitant Of any other town In
Connecticut and, In no event, could the
court allow the estate to be put back
into Mr. Booths hands until it was shown
that no one could be found In this State
to accept the trust. Occasion might arise
when, under certain conditions, the
court would be justified in doing some
thing similar TO what the claimant was
asking. AS representing the estate Of
Elon Booth, also some other creditors,
he should oppose the acceptance Of the