The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-01-08
THE TIMES
Were Too Dull for
the fuckers.
PETITIONS FILED.
Liabilities Are More Than
a Hundred Thousand.
Cspeeial pispatch 20 The SON.

NSPSSidt i'iSpalCH TO Inc spy
Boston, January Two voluntary
petitions We're filed in the office of the
clerk of the United States district court
this morning by Willis n sibley of
Worcester, attorney for Joseph b. and
Martha f. Tucker both of Worcester
The petitions were filed separately, and
each has its separate schedule of pre-
ferred, secured and unsecured claims.
Mr.. Tucker is a mason by trade, and
as such is well known in Worcester
and vicinity, where he has been engag-
cd in business for number of years.
His total liabilities are 1t1,014. of which
amount secured claims amounting to
S96,lOO are held principally by WoPoes-
ter parties. His assets are merely
nominal and are represented by a life
insurance policy of $4,000 and furniture
estimated to be worth $780, which is
claimed to be exempt under the national
bankruptcy law. The city of Worcester
holds preferred claim of about $500
for taxes for 1898.
The list of secured creditors contains
80 claims, which does not however, rep
resent the number of creditors, as in
several instances more than one claim
is held by the same creditor
The Five Cents Saving Bank of Wor-
cester holds nine secured claims,
amounting to $19, 500, the security named
in each case being mortgage on real
estate.
The largest claim is held by tho Peo-
pies Savings Bank, also OF Worcester
which has made loans on real estate
with total of $20S00.
Others secured creditors, the security
in each case being a real estate mort
ga a Ia In nd
Ger, $1,000; Harry j. Clark. Webster.
two claims, $250O; Benjamin f. Park
hurst, Shrewsbury, $1,000; Charles
Crompton, $4,000; Mary Il. Adams $500;
Merchants Savings Bank, $6500; Edwin
e. Brown, 5000; Albert H. Henry, $1,000;
M. " B, jefferson, $1,000; Ellen e. Wat
erman, $500; Worcester County Institu-
Forbes, $1,000, all the last named OF
Worcester.
In the case of the claims held by NJ.
V. b. Jefferson, Ellen Il. Waterman,
Edwin Il. Brown and Henry T.. Adams.
the mortgages have been foreclosed
and each party has an unsecured claim,
representing the difference between the
amount Of the mortgage and that real
lied from the sale OF the property.
The list of unsecured creditors Is
comparatively short, and with but few
exceptions is made up of Worcester
parties. G. A. Middlemas is the largest
under this schedule, his claim being
for 1880
The petition filed by Mrs Tucker
shows liabilities of $51800 OF which
$45, 600 is secured. The assets scheduled
are claimed to be exempt and amount
to only $500 Her debts are nearly all
joint liabilities with Josgeph b. Tuck
er, and are included In the above
list.
Willis E. Sibley of this CITY, attor-
ney for both Mr. and Mrs. Fucker, was
seen at his residence on Pleasant street
last evening by The Spy man, and said
in reference to the case that the total
liabilities were somewhat misleading.
and that the actual personal liabilities
would not be mora than about $4,000.
He said that Mr.. Tucker began busl-
ness in this city abount fifteen years
ago, and since that time had erected
many substantial dwellings, and apatr-
ment houses in various parts Of the
city, principally ON Irving and BbTn
streets. 1t had been his method to
purchase lot of land and erect
house or block thereon, mortgaging the
same to the bank In payment therefor
although In many instances he had held
quite an equity. This equity had been
made use Of In further building and
the stagnation In business at the pres
ent time had used up this equity and
forced him to seek relief In bankrupt
cy. Although in selling his different
properties the purchasers had assumed
the mortgages, Mr.. Tucker was nevar-
thelsss liable.
Mrs. Tucker, who filed a separate ne
tition, has been associated with her
husband In his dealings, and her lia-
bilities represent notes given in pay
ment for property.