Omaha daily bee., 1899-03-05

Globe Loan and Trust Company held to Be
Judgment Proof,
THERE SEEMS 10 BE WHEELS IN WHEELS
OUTFIT Has Another Organization and
the Court Cannot Hold II Liable
Not u rnrty TO
the suit.

The examination OF President II. o.
Devries OF the Globe Loan and Trust com
pany in the proceeding brought before Judge
Baker for the purpose OF ascertaining
whether the company named has any prop
erty which can be levied upon to satisfy a
judgment In favor OF the Briggs estate FOR
about $500, has been concluded, and an or,
der Of discharge was entered. All that was
desired by the attorney for the Briggs
executors in this matter was to place the
Taylors and MIR. Deyries on record as to
the transactions OF their company and It's
present possessions, so that later on another
suit may be instituted. Cadet Taylor was
not present, so the case had to go along
without any testimony from him.
The rent collection book of the Globe
Loan and Trust company was produced in
court. 1t was brought out in MIR. Deyries'
evidence that Of all the rents collected only
those Of three unimportant leaseholds went
to the Globe Loan and Trust company, and
no rents have been collected from these
for some time past. In all the other collcc-
lions the company acts as the agent for
the Linwood Park Land company, or other
corporations, and several private individuals.
one of these other corporations is the Put
man company. This was a new one to the
plhlnllu > attorney nc dskCu u VII DtNllNS
and the Taylors had stock and held offices
in that concern, and was informed they do.
1t has an Office in the Globe building.
wheels within II wheel.
The attorney for the Briggs estate even
tually went over a number of foreclosure
suits which had been brought a year or
two ago in the name of the Globe Loan and
Trust company as plaintiff. 1t developed that
1t was not an thing for the Lin
wood Park company to buy In the property
at the sheriff's sale after the decree Of fore
closure, although the suits were generally
brought by the Globe Loan and Trust com
pany as trustee. The plaintiffs insist that
the Linwood Park company is just a wheel
within a wheel" in the Taylor combination.
In one particular instance, that of the
case against Della Montgomery, the Globe
Loan and Trust company was acting as
trustee for X. Peter Pelton, the property
foreclosed being in Linwood park. An as
signment of the decree appeared to have
been made, according to the records, by
the Globe Loan and Trust company to the
Linwood Park company for a consideration
of 81, 600, but there was no entry in the
books showing this.
Incidentally, the character OF the mort
tu5S ~ - W. DAhS5S 10 -
good investment was gone into. A farmer
named Rasmussen had considerable prop
erty all heavily mortgaged. A lot on Thirty
fifth street, between Leavenworth and Pa
oific, was said to have been included. This
lot Mr.. Devries valued at $500 off-handedly.
Briggs invested in a mortgage on it.
The court said he could not do otherwise
than to make an order Of discharge, be-
cause no other company than the Globe Loan
and Trust company was properly before the
court. 1t would not be possible to order
the Linwood Park company to pay the Briggs
judgment, as the judgment was against the
Globe Loan and Trust company. The at
torney for the plaintiff seemed satisfied,
seeing that he had succeeded in getting on
the inside track Of the Taylors and Mr..
Devries, and having a shorthand report taken
of all the testimony.