The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-02-24
SHAMPBD BY his DEBTS
Gre itOrs of MilIiOnaire'S Grand
son Want Their Money.
George Il. sherman Unable to Live
on So, 900 a Yenr-StoPped Mt the
WnIdorf-AstOria and Treated Like
Prince-BHnkrUptcy Proceedings
begun aud "a Trustee Asked For.

NEW YORK. Feb. 24-New York city
creditors Of George X. Sherman. OF Sara
toga and Port Henry. y. Y, are just be-
ginning to recover from the shock occas-
Toned by finding that the supposedly
wealthy young man cannot pay them.
They have Joined in a petition in bank
ruptcy which was fled in the United
States Circuit Court. Mr. Sherman has an
annual income OF $32. GOO and has piled up
debts amounting to about 5000. 0O0 Now
they pray that a trustee may be appoint
ed who viii make it his business TO get
the money due them out OF the annual in
come.
Young Mr.. Sherman Is the grandson OF
George II. Sherman. who was a millionaire
iron founder OF Port Henry and a member
OF the firm OF Witherbee. sherman q Co
He has beneficial interest in his grand
fathers estate. A quiet hammered young
man he was always considered 10 be. He
was attracted to a life Of luxury about two
years ago. he made frequent trips TO New
York where he STOPPED at the Waldorf As
tOria. lie was known 10 the hotel and to
dealers in diamonds and gold and bric-s-
Anything which Mr. sherman. OF Port
Henry" wished was sent without delay.
He occupied luxurious apartments He
had the best the hotel afforded. and as for
cigars there was nothing in the way Of
rolls Of fragrant tobacco which he did not
have. He had boxes Of cigars constantly
on the way from the hotel 10 SaratogS
and Port Henry. The products Of the Port
Henry cigar factories were not TO his hk-
ing. Much Of the Sl.l0O debt to the Wal
dorf- Astoria mentioned in the schedule OF
his liabilities is for cigars.
Mr.. Sherman reached the height OF his
expenditures about a year ago. after he
had surprised staid Saratoga by marrying
the daughter Of Clark Minis. the keeper of
a small hotel. She was not known in the
smart set Of Saratoga. On their wedding
trip 10 New York the young couple spent
large sums Of money. The silversmiths
and the jewellers gave unlimited credit,
and the idea Of Mr.. Sherman. Of Port
Henry" being in financial straits would
have seemed at that time impossible. The
creditors here decline TO discuss the mat
ter.
It was learned that on December 30
Nash lockwood. Of Saratoga. representing
Cdmerden d Forster and Van Tassel &
kearney, of this city, filed petition ask
ing TO have the young man declared
bankrupt. The matter is now in the
charge Of James /. Scott as referee. One
hundred and fifty claims have already
been filed.
Among the claims are these. from credi-
tors Of this city. Tiffany 4 Co, $40, 600;
Black. Starr a Frost. So 600. Knox 1915,
Lord d Taylor $500 Waldorf Astoria 81 %
100: W. 6. Leland. Grand Hotel SlOg. J.
T. Wessman - West Twenty
Street, $3.50; Van Tasseil & Kearney,
SS65.16: Camerden & Forster, $3.50;
Outing Magazine S1301S: BlauOck Car
Tiage Company. 1921 Jeremiah Murphy.
SS39.37: j. Dreicer d Son. 81. 900, Bruins
wick Bake COllender Company. S325
Besides these. the following banks are
represented. Villas National Bank. So
600, First National Bank. Champlain. So
500, City National Bank. Port Henry, SILL
zoe; First National Bank Saratoga. So
GOO. There are claims from Montreal.
PlattSburg. Burlington. Champlain. Alba
ny, Troy, Saratoga. GlOversville Ticon-
deToga. Luzerne, Whitehall. Glen Falls
Boston. Syracuse. Crown Point. Port Hen
~, Minevilly Utica. and Sandy Hin. A
few OF these are secured. but the majority
have no collateral.
It is asserted by the creditors that Mr..
Sherman has made various conveyances to
favored creditors. notably to his father
who claims $4,000. which they will try TO
have set aside. Mr. Sherman is repre-
scented by Senator +. r. Bracket. Of Sar-
atOEa.