The representative., 1900-01-25
TREMENDOUS BANKRUPTCIES.
Five Millions Of Debt and Five Thou
sand of Assets.
(Chicago Times.Herald. J

(Chicago Times Herald)
Francis P. Owings formerly interested
largely in real estate matters in Chicago,
has filed the banner petition in bankruptcy.
He asks relief from debts aggregating
$5,56 ,917. This is conceded to be the larg-
est schedule of liabilities ever presented
under bankruptcy act in this or any
other country. Owing's petition was filed
in the United States district court yester-
day.
The Owings building now the Bedford
at the southeast corner of Dearborn and
Adams streets, which was the first sky
scraper in the West, is one Of the build
ings erected err by owings. H, He was also in
terested In the Lincoln Theater building
on North Clark street, in the property at
2257 Wabash avenue, 926-928 North Clark
street. 2633 Wabash avenue, 1412 Michigan
avenue and in other real estate throughout
the city. He had purchased the leasehold
interest in property around town and had
assumed number of mortgages, which
were afterward fOreclosed. Little by little
he lost all his interest in these premises,
and the "asset" column in his petition is
blank, except for sum of $780, which
is for debts due on account and consid-
cred worthless.
All the principal creditors are Chicago
people, many of them being scheduled as
unknown to the petitioner. Some Of the
largest claims against Mr.. Owings are as
follows: William Strong, for $1,4S5,Ooo;
M. McMullen, for 1927 900; Thies Lyons,
for s14s,5oo: Thomas Hogan, for $2e7, 900;
Voluntine Turner for $594,00o; Perkins
Bass, for $685., 500; J. D. Beckett, for $75, 900
unknown owners of property at 67-69 and
1875 Plymouth place, for $475,20O and
$247,5 respectively; J. B. Jeffery, for
$247, $780, C. E. Berger, for $631 900; North
western Life Insurance Company, for
$3.50, 900.
Owings is now stock broker and oper-
ator in the Stock Exchange building His
attorneys, Goodrich, Vincent & Bradley,
say the debts were contracted years ago,
many of them dating back to 1885, and
that the petitioner has now no property to
surrender to his creditors.
The next largest schedule filed in the
federal court at Chicago was that Of Levi
r. Doty, coal merchant and capitalist,
whose debts amounted to $5,000,00O These
were recently wiped out by order of Judge
Kohlsaat in the United States district
court.
Patrick F. Ryan, proprietor of a depart
ment store at 224 West Madison street,
also sought relief under the bankruptcy
act from an Indebtedness of $685. None
of the claims is large, and most of the
creditors are local supply houses. The as
sets of the petitioner are placed at $51 1927,
the greater part of which consists of stock
in the West Side store.
This is in Chicago-now read the fol-
lowing:
FERGUS FALLS, Minn., Jan. ia dozen
bankruptcy cases-the petitioners in nearly
every :nstance being farmers who desire to
cleaT off debts which have been hanging
over them for years-have been filed in the
Office of the clerk of the United States court
Of this city during the past week. The
list is as follows: Bernt o. Nokelby, Fer
gus Falls town, assets $2,0S5, of which 81, ,62O
is exempt, liabilities, 81 ,276; Andrew Thore-
son, of the town of Aastad, assets, $1,198,
of which $1.1O8 is exempt, liabilities,
81, ,0S5.30; H. o. Hutchins of Clay county,
assets SIS, liabilities, $1429610: J. r. Ram,
of Wilkin county, assets, $5O2, liabilities,
81, 1885; James B. Mccartney, of Big Stone
county, assets, $480.35, liabilities, 1888. .65;
Toilet O. Bangen, of Polk county, assets,
$1,393, liabilities, $2,59124; Samuel Marshall,
of Stearns county, assets, $4,910, liabilities,
$6, 1928; Philemon T. Devereaux, of Hub
bard county, assets, $1,440, liabilities,
II; VIM. Devereaux, also of Hubbard
county, assets, $213, liabilities, 81, ,661.
Who dares to say the country is not
prosperous under the single gold stand
ard? I'D.