New-York tribune., 1900-11-19

HE ASKS THE COURTS TO CLEAR HIM OF
s.o23s5s Ss LIABILITIES.

An application in bankruptcy proceedings was
filed in the United States District Court at
Trenton Saturday on behalf of Francis Dighton
Carley now living in East Orange. The papers
we're filed by William j. Linihan, a Newark law
yer, and associated with him Corbin & Cor
bin, of Jersey City. An order made by the
Court referring the case to Frederick W. Leon
ard of Newark, as referee. In his application
Mr.. Carley gives a total Of 81 .O23 9J3 Us of liza
bilities, and says his assets consist only of his
wearing apparel and such amount as he may
receive in action for damages against Ernest
NJ. Martin. The principal amounts due are:
Inman Swan & Co.. New-York, Judgment, $3.50 :
600; Mrs. F. D. Carley. East Orange. money bor-
rowed. $509575; Kentucky National Bank of
Louisville, $4,000; j. Kennedy Tod & Co.. New
York, Judgment, 100000; Clay City National
Bank. Clay City, KY, $1,000; Franz Deutsch
and Caesar Schlessinger, London. England
Judgment. $4,000; L. D. Rosengarten. New
York $1,000: Van Schaick & Co, New-York
100000; E. NJ. Black. Newly York. $4,000; Ger
man Security Bank. Louisville $1,000; Ernest
lie Roy Lawrence. Long Island. $3,3OO E. VI.
Martin Brooklyn. $1,000; Isaac y. Soles. Phila-
delphia $1,000, ]. w. w. Newin. Philadelphia
$4,000 Other amounts range from 81, ,OOO down
to $40
Mr.. CarIey and Mr.. Linihan made statements
ruptcy proceedings, and intimated that they had
been forced by some unscrupulous persons in
Wall Street, who would be shown up in due
time They declined TO give any names Mr.
Iinihan said that in 1890 Mr. Carley began the
building of the Kentucky Union Railroad. a
large section Of which had to be laid through
gravel and sand land. The enterprise entailed
heavy losses and Mr.. Carley dropped a fortune
He came to New-York and became head of the
brokerage firm OF Carley. Stokes & Co. at No
20 Wall-st. investing about S5OOOOO in the firm
Judgments were obtained against him in con-
nection with the Kentucky Union Railroad. A
clerk in the firms employ divulged the fact
that about 5000 900 was held for investment by
various brokerage firms, and the judgment cred
itors assuming this to be Mr.. Carley's property
procured writs of attachment against it while
Mr.. Carley was in Europe. He reached home
week ago, and decided to take bankruptcy
proceedings.
Mr. Carley said that the affair arose from
the act Of three Wall Street men, who obtained
ments He had not been indebted to them for a
penny The judgments were for the indorse
ment of the notes of the railroad company when
he was it's president. There was an additional
Indebtedness incurred through his guarantee as
underwater of a Mutual Lloyds Insurance Com
pany Mr. Carley continued:
I'm due course it is my purpose to entertain
the public concerning the manGuvres of certain
individuals, commercial and professional, who
have been active on the under side in Wall
Street in the hope that such publicity will prove
beneficial 10 the better elements of the Street.
Mr.. Carley is sxty-one years old. He was
born in Ohio and educated at the Ohio Univer-
sity at Athens He studied and practised law
in Chicago. He was president OF the Southern
branch of the Standard Oil Company, and of the
Citizens Gas Company, Of Louisville. He is
member OF the Union League Lotos and Tuxedo