The Portland daily press., 1900-01-15
The SCHEDULES.
Woodbury. and Moul-
tons Finances.
Four Hundred DtpOsitors and Amount
Of Claims.
Many Other Unsecured
Creditors.
Statement of Assets and Liabili-
ties of Firm.

The schedules In the case OF woodbury.
and Mouit)n are on Tile In the United
States court. The tcAedules filed In this
case include the schedules filed by the
firm, the schedules Bied by JheoGore G.
Woodbu and the schedules FLED by Nd
ward II. York. In each the schedules
are as cam plete as II ths firm and Its
members were dist met bankrupts. These
three sets Of documents are very volumi-
nous and comprise In all about seventy
closely written pages.
Each schedule contains first the liabili-
ties ard then the astets. By refererc, to
the summary which is given below In
each of these nases It will be seen that
nothing. 1t will be remembered that ut
the time Of the assignment on November
LIST all the assets passed to the common
law assigness. Accordingly at the time
Of filing Of these schedules In bankruptcy
the tankrupts were possessed Of no as
sets but these will be found TO be account
ed for by the assignees In the separate
statements which they add In each case.
IL will also be noted that In the course
OF these statements made by the assignees
reference Is made to certain disposition
made by them 1f come Of the securities
which they received under the assign
msnt. For instance, In the case of the
firm 1t appears that the assignees have
devoted securities representing according
to the schedules face value Of about
$3.50, 0C0 to the extinguishment Of certain
secured claims. 1t 10 supposed that these
securities were devoted to the respective
claims which they secured. 1t is claimed
In the schedules by this operation the
securities which had an actual value Of
perhaps fifty per cent thereby were made
to extingulsh secured claims whose face
value exceeded that sum by about Sii7,-
600. 1t is therefore claimed that In
this way such secured creditors have re-
linquished their claims to participate In
the distribution OF the general estate,
leaving the general estate for the depos-
itors and for the remaining secured cred
itors whose securities happen to be H.
sufficient to cover their loans. 1t Is
worthy OF note that in comparatively few
cases did the securities put up as COL
lntcEhl cAcrcu tuo hhuuHt OA tuo iodH,
and In CONS cases. to judge from the
value of the securities stated In tho sohed-
ulee, the value of the collateral security
was lamenta5ly Inadequate.
In fact wherever Crystal Water Co.
second mortgage bonds appear as collste-
raj, as these bonds are stated In the
schedule to be absolutely worthless. the
value Of the securities for that loan are
insufficient.
Inc depositors numbered between four
and five hundred and were Of course I'M
secured creditors. Other unsecured cred
itors were parties who had deposited
coupons for collection or who had taken
checks drawn by Woodbury. and Moulton
upon some Of the banks wherein the fir IN
kept its deposits. In some cases these
checks were drawn by the firm only q day
or two before It's assignment and Of
course the checks did not reach their
destination in time for payment The
schedules follow, the language being, in
substance. that employed In the docu-
ments. Schedule A includes the firms
liabilities; schedule B, the firms assets.
Schedule c shows MIR. York's liabilities;
schedule d, his assets. Schedule In
cludes Mr.. Wcoibury's liabilities; schsd-
ule + his assets.