New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-18
NOT.SO BAD As 1T SEEMED.
PATIENT CREDITORS WILL RECEIVE DIVIDEND
From TIE WEEKS E.TATE.


few days ago II looked as though the creditors
OF Francis H. Weeks the lawyer inancicr who dis
appeared two weeks ago, would be fortunate II they
received five the dollar but the Investigations
that have been made by lawyers who represent the
estates which he handled show that II the property he
left when he went away l. properly handled the loss
will not BE- so great. 4 meeting Of the lawyers WAS
held on Tuesday afternoon, and another yesterday
afternoon. They examined carefully all the assets
that Weeks turned over To the assignee, X. W. q.
yelling. and helped him in the preparation OF "A state
mcnt drawn up for the private use Of the repre-
scntaves OF the creditors.
TO realize much from the estate the creditors mns
be willing TO walt until the property b. disposed
Of AT advantage. The lawyers who have been
nmning Wccls's represent the estates for
which he trustee. G. G. Bcaman, Of tho firm Of
Evarts Choale d Bcaman. Is chairman. ana +.
Kngsbury Curtis. OF the firm Of stcarns Curtis
secretary OF the committee. AIMING the papers pre-
scented 10 the committee were the accounts Of the
various estates for which Weeks acted trustee. and
data regarding the AngloArab, Clay aud Stock Farm
at Syosset, l.. L. which Is valuable piece OF property
Twelve notes OF the West superior Iron Steel
pany, ia favor Of Weeks also were found. They
aggregated &2233s7 80 The largest OF these notes
was for s145ss7 o., and was dated July l. 1892
William Nelson Cromwell attorney for the West
superior Land and River Improvement Company, de
mandel those notes from the assignee. bat on the
advice Of his counsel. Charles W. Could. Mr.. yelling
refused to give them up. There also among
the papers "A number Of packages OF railroad bonds
the value Of which l. merely speculative.
After the meeting OF the lawyers yesterday after.
noon. Mr.. Curtis said: "Whon first looked Into this
case ! womb not have given 3 cents Oh the dollar
the estate, but the deeper get into II
ter II looks. 1t IS impossible to tell what the
basis Of settlement will be. for II may take two or
three years before the estate be settled up
Weeks left number Of properties which, II carefully
nurscd. ought 10 turn out well. He owned land all
Of the way from here TO West superior. OF It
| Is mortgagcd and some OF II Is not lie owned 900
shares OF the West Superior Land and River Improve
mcnt stock. The last sale OF this stock and Il was
| after Weeks was In tr0ube. was at $415 u share
| This would give Weeks an equity M about 1926 a
| share. a total OF $4,000. some Of the estates
which lie controlled have traced their properties out
so that there will b. comparatively little loss TO them
Other estates will have TO come In rs general cred
| iOrs.n
r. W. G. yelling yesterday filed his bond as.
| signec with Judge DAILY. Of the supreme CURT II
| WAS In the sum OF $4,000. The Lawyers surety
Company, Of which Colonel Joel b. Erhardt Is presi
dent. was on the bond. and the Judge accepted u.
Ustrict-Att0rncy Ncoll snit yesterday that several
| Informal complaints against Weeks had been made to
him. lie had told the persons To make formal
charges, which would be laid before the Grand Jury