New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-02
PART II.
PAGES II TO ID.
ERASTUS WIMAN HOPEFUL.
A LIST OF HIS CREDITORS NOT READY.
THE LIABILITIES, IT is BELIEVED WILL NOT


THE LIABILITIES, IT IS BELIEVED WILL NOT
EXCEED $500 ooo
The creditors OF Erastus Wman are still uncertain
to what action they will take They will hold Q
meeting some time this week to confer about the
wisest to pursue regarding the sale OF the
Staten Island property which has been transferred to
David Bennett King for their benefit. According to
statements made by the lawyers for the credton
ample time will be given to Mr.. Wiman to straighten
out his affairs.
Yesterday afternoon Mr.. wiman had a long inter.
view with Austin b. Fletcher, OF No. 90 Broadway.
who represents the largest number OF creditors Many
OF his clients 1t Is understood are Boston banks.
Mr.. Wiman told Mr.. Fletcher that he willing to
do anything that Mr.. Fletcher would suggest and
that his creditors would give him time he would be
able 10 meet all demands. Mr.. Fletcher Informed
Tribune reporter that he represented creditors the
whole amount Of whose claims against Mr.. Wiman
was about $4,000. lie said that they would pro.
coed slowly and give Mr.. wman all the time he
wished.
Mr.. wiman said to Tribune reporter yesterday
that there were no new developments in the trustee
ship and that he making out q list OF creditors
to give to Mr. King lie thought that 5000 900 was
much too large a to name as the amount OF
his liabilities. Mr.. wiman was not at all depressed
by his misfortune and said that he would come out
all right In the end.
At the office OF Il. G. Dun & Co. It was said that
Mr.. Wiman's Indebtedness to that firm was about
100000. The members OF the firm have no fear
that they will not recover the money.
AS far as could be learned yesterday, the principal
creditors OF Mr.. wiman the Chemical National
Bank, the Central National Bank, the firm OF Laden.
burg, Thalman d Co., the Iron Steamboat Company
and several Boston banks.
The trust deed In which Mr.. Wman Joined with
his wife in the transfer OF the real estate staten
Island TO ID. b. King. as trustee for the benefit Of
his creditors discussed In legal circles yesterday,
and many lawyers said that they had grave doubts
as TO its validity. one lawyer said that the deed
made under Of the four special statutes
provided for special trusts 1t covered all the prop
crty Staten Island purchased by Mr. wman's
property however, by process OF law, would have
been available for creditors Mr.. Wiman was the
purchaser, although 1t had been bought In the name
OF his wife. The deed OF trust, therefore, while an
honorable action on the part OF Mrs Wiman, was
not necessary 10 secure the creditors.
The homestead, valued at $4,000 which Is now
occupied by Mr.. Wiman and his family, was not In
cluded in the deed OF trust II belonged to Mrs.
Wiman. having been given 10 her twenty years ago by
her father. II carries a mortgage for $4,000 .
Mr. King, the trustee, said yesterday that the
staten Island property would not be sold at present.
and that under the Of the deed he could hold
II for year II he desired. Mr. King added that as
vet he had received no list Of the creditors. and
that II was impossible 10 give the exact amount q
the liabilities. He thought, however, that they woula
be about $1,000