The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1899-01-05
HE SAYS SO HIMSELF
In His Petition In Bankruptcy Filed in
Canton Today.
HE WAS A GREAT BORROWER.
Accommodation Paper, which He En-
=. dorsed and Floated, Reaches the
Astounding Sum of sa,oOO,OO0
Referee McCarty Gets

Referee McCsrty Gets
tho Papers.
Mr.. A. NJ. MoCsrty, referee In
bankruptcy for the district of Stark and
Carroll counties, has received from the
clerk Of the United States court at
Cleyel nd, the petition in bankruptcy
filed by Rotert A. Miller, the Presidents
recently appointed postm .ster at Ponce,
Porto Rico.
The petition was filed in Judge A. J.
Kicks court on Wednesday, December 2S,
a s noted in the telegrAphic columns of
this paper Of the same date. The petit
tioner asserts that he has been resident
Of Can ton for the past ten years and that
be has contracted debts which he is
unable to pay even In part. He is willing
to surrender all his estate and effects for
the benefit of his, creditors butt claims
that he is not the owner of any real or
personal property, nor any 10 nterest there
in, nor is there, held in trust any where
any property belonging to the petitioner.
He therefore prays. that he may have the
benefit Of an act entitled IAN act to
establish a uniform system Of bankruptcy
throughout the United States" and that
he may be adjudged by the court to be
voluntary bankrupt within perview of
said act, ana that he may be decreed to
have discharge from all his debts and
liabilities proyable u,der the same. H.
B. Webber and A. A. Ttayer represent
the petitioner.
While the petition is in itself brisf and
fully covered in the foregoing, there are
q number of classified schedules of debts
appended. The first refers to G. Aultman
& Co. and reviews the fact that when the
concern was some years ago placed in
the hands Of a receiver Mr.. Miller twas
the owner of 1859 shares Of the stock,
valued at $l6s, 300. He states that prior
to December, 1898, he was general man
ager Of the company and as such endors-
ed paper for the concern to s,cure
creditors from whom loans had been
made, placing with said creditors
collateral security consisting of negotiable
notes held by the company. He is
unable to state how much these amount
to or exactly when given, but he gives a
list aggregating in the neighborhood of
$4,000. In a schedule which follows
under the head of Accomm odation Paper,
petitioner claims to have endorsed paper !
which, it is estimated, would aggregate
nearly 100000. There is list of |
about $50 creditors and the various
amounts are represented from a small |
figure up to that of 100000 In one in
stance.
Mr.. Miller then reviews his connection
with the Sun Vapor Street Light Co., in |
which he claims to have held s73 shares,
valued at $s7. 300. Mrs. Alice N. Chance
i S named as an equal share owner with
petitioner, with three others owning
couple of hundred dollars each. He
claims to have endorsed paper to about
the sum of $500, 900 as president of this
company, of which amount he is liable
for abous $50, 900. A list Of rs creditors
is here expended
The third schedule Is ur der the head
ing of Individual Debts and an addition
of the even thousa nds in this list sums
up to Sl64, 900. There is a long list Of
creditors mentioned and the sums he
claims to owe vary from 80 np,to $685.
900 In one case
To News Democrat reporter Referee
McCarty said today; "Tbe method of
procedure In such cases as this does not |
seem to be generally understood. For |
instance, have heard it intimated |
that Mr.. Miller practiced evasion in |
going to Cleveland to file his petition in
) tead Of filing 1t with me in this city. |
That is mistake. Mr.. Miller did exactly
proper. The petition must be fled with
the clerk Of the district court, with two
duplicate copies. One of them is retain
ed by that court; one is sent to me as
referee. 1t is my duty to thereupon
declare the petitioner bankrupt. A
notice Is then served on the creditors
and they may elect trustee IL they feel
that circumstances with reference to
Assests justify IL. II not. it is left to
me to appoiat one. This trustee Is