Evening journal., 1901-06-04
FOR PROTECTION
OF CREDITORS
Alvin &. CrOcker Takes the
"PauperS' Oath"
FATHER And son IN CONFLICT
Latter Agreed to Paw Fathers Deb
But Refused to Carry Out the
Bargain

New York, June A petition In
bankruptcy, which was accompanied
by the "paupers' cath" to the effect
that the petitioner had not the neces-
sary funds with which to pay the costs
of fling the petition, was filed in the
clerks Office of the United States dis
trict court yesterday by Alvin E
Crocker, of this city. The petitioner
places his total liabilities at sSS,TS3
Among the secured creditors are Oliver
p. Crocker, in the sum of $7,0OS. but
this claim is endorsed by the petitioner
without consideration; this debt is
not Just, and is contested"
The debt was contracted between Oc-
tober, 1900. and February 1901. An
other secured creditor is the First Ma
tlonal bank, of Richmond, Ind, in the
sum of s5,624, which claim the peti.
toner alleges is barred by the statute
of limitations c. w. Ferguson, OF
Richmond. Ind, is named as a secured
creditor in the sum Of $1,000, but oppo-
site the claim is written This debt IL
usurious in conception. contracted
about 1898. and barred by statute Of
limitation"
The principal unsecured creditor
against whose claim no charge is made
is Elizabeth B. Crocker. OF Troy. o..
to whom $4,000 is due Joseph w
Rainier, of Richmond, Ind, is also an
unsecured creditor in the sum of $4,000
for money loaned. but the petitioner
says that this claim IS barred by The
statute Of limitations and is contested.
The assets are placed at S35. $50
According to counsel for the bank.
rupt. the story Of Mr.. Croeker;s bank
ruptcy Is an interesting one. Mr.
Crocker is a brother of the late Ben.
jamin R. Croeker. the California mil
lionaire, who died recently. BY will
Mr.. Crocker left his estate to his wife
As she pre-deceased him. the estate
will be divided among the next Of kin.
Alvin e. Crocker's share is estimated
TO be about s5OOOO
Alvin Crccker was interested for
many years in mining ventures in Mex
leo. with varying success. His last
venture. however. his lawyer says
ruined him He promoted the San ia
vior Mining and Milling company, OF
Mexico, and borrowed money tofinance
It, The mine was not the money maker
he expected it to be, and he finally OBJ
tanned an extension of time from his
creditors.
Nearly all of the s3S, ,7S3 included in
the schedule is due to persons who lost
money in the mining company or who
advanced money to carry on the work
of the company. As soon as Mr.. Crock
er learned that money was due him
under the will or from the estate OF
his brother he took steps to pay all
the creditors.
His son, oliver p. Crocker, formerly
of Chicago, but now of Atlanta, Ca.
agreed to pay all the debts in exchange
for an assignment of his fathers inter
est in the Californian property. The
assignment was fully executed, anc
then. the lawyer says, the son refused
to carry out his part Of the bargain
Mr.. Crocker was determined that The
creditors should be paid, and as there
was no other way to set aside the as
signment he filed his petition in bank
ruptcy in the United States court. Tn
der the law the petition will set aside
the assignments made within foul
months unless the assignees can show
that they gave valid consideration fol
them.