New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-05-14
THE SEARLES SCHEDULES.
LIABILITIES OVER TWO MILLIONS AND
ASSETS MORE THAN THREE AND
A HALF MILLIONS.

Holm T Searles the former Sugar Trust treas
urer. who forced into bankruptcy March by
Two Of his judgment creditors and one other cred
itor filed a schedule Of his assets and liabilities
with Judge Thomas OF the United States District
Court Brooklyn, last Saturday. The schedule gives
Mr. Searess liabilities s2.lS57s5 50 and his assets
S.6le5i5 z. OF the Liabilities N6oo557 76 is Sc
cured by real estate and stocks and bonds sched-
uled being worth Ss572 sl2 80 while there are un
secured debts amounting 10 S296. Sol s..
II. H. Rogers who guaranteed a loan Of 100000
made TO Mr.. Searles by the Seaboard National
Bank. is secured by a 10000 mortgage on Great
Hill, Mr.. Searless country home at Great Neck.
Marion Mass. There $50 In the Great AIN
estate, which is scheduled worth slo0OOa The
mortgage has never been recorded. As further Sc
curity mortgage for 100000 on the Cornucopla
Mine property, in Baker County. Oregon was given
10 Mr.. Rogers This property comprises thirty or
more claims. and is estimated being worth
Ssoo6oo. The mortgage on it is unrecorded There
is further debt Nr. Rogers OF $4,000 which is
secured by stock Of the Fisheries Company.
Marceus Hartley. to whom Mr. Searles owes
$50 Co., is secured by stocks and bonds. The
Western National Bank is secured creditor 10 the
extent OF $4,000 and unsecured creditor for
S23 900. Several banks in this State and Pennsyl-
Vania are creditors for amounts Of from 5000 to
S1o0oO. all secured by stocks and bonds The Metro
politan Life Insurance Company is a creditor 20
The amount of slS0.&50. This is for a mortgage on
the real estate. plant and machinery of the Duluth
Manufacturing Company, which figures in the assets
creditors are the Southern Pacific Company 10000
secured by stock in the Fisheries Company ana
the Trenton Structural Steel Company; the Travel
lers' Insurance Company. 100000: the American De-
post and Loan Company. $4,000, secured by stock
of the American Cotton Company. the Sprague
Electric Company the Whiting Manufacturing
Company and the American Loom Company; the
Bank OF North America note for $4,000 dated
July S, 1890: the international Trust Company of
Boston so $4,000 and S5OGea The last item IS
q 10 Uficb Mr. Go
guaranteed. There also appear wages due TO work
men, clerks and servants Great Tiin 500 60; a
similar item for No. SO ST. Mark's-ave., Brooklyn
S22, and for the Yellow Jacket mine, Idaho 1853
Among the unsecured debts is one for 500 for a
check which given 10 the New York Avenue
Methodist Episcopal Church. Brooklyn for pew
rent. SIC 70 the Brooklyn Union Gas Company
$50 for household supplies and SO 80 TO Charles
Robbins. a plumber }. Foster Searles, OF Dedham
Mass, has an unsecured claim for s. ls2 45 and
Caroline A. Searles, OF Brooklyn has a claim for
S66l2 u. The Duluth Furnace Company with .
claim for S6d000 is the largest unsecured creditor
in the list OF accommodation papers appear Dotes
for $4,000 Of the American Cotton Company held
by ". o. Gray & Co, OF Boston and notes for
$4,000 Of the American Loan COMPANY 40 $50 %
switch is held by the International Trust COMPANY
OF Maryland and the balance by the Peoples Trust
Company. OF Brooklyn. Stock in both the Ameri-
can Cotton Company ana the American Loan Com
pany was given Gy Mr. Searles TO secure his debts
Two of the most valuable OF the real estate prop
efileS IN the list OF assets in other peoples
names. The yellow Jacket mining property, sched-
ued at $4,000, IS IN the name OF J. F. McChesney
and the Columbus mining property, scheduled al
szOl0O1, is in the name OF ". N futile. The house
N 81. Mark save, Brooklyn, is scheduled as worth
S-ey00. while there is said TO be d mortgage for
$500 on il.
In the list Of stocks and bonds owned by Mr.
Seares, but given security for various debts.
zoos shares Of the American Cotton Company pre-
ierred stock, and A.4S4 shares OF the stock
s,O0 shares of the American Loom Company COM
mon stock. $500 shares OF La Toilette Coal,
Iron and Railway Company, $50 shares OF the Hyatt
Roller Bearing Company. $50 bonds OF the Ironton
Structural Steel Company, and POP bonds Of La
Toilette Coal Iron and Railway Company. Three
hundred shares Of the Terminal Warehouse Com
$50 shares OF the National Investment Com
pany, pa shares OF the Automatic Keg Washing
Company, 3.s5S shares Of the Yale Structural Steel
Company. 500 shares Of the Standard Telephone
Company. l53 shares OF the Diamond Truck and
Car Gear Company and 800 shares Of the Hector
Stove Company, are said 10 have present value.
Mr.. Searles is scheduled owning 81 shares of the
preferred and g. shares Of the common stock OF
the American Sugar Refining Company.
Mr. Searles's lawyers said yesterday that there
had been order OF the court issued restraining
those who held the stock and other property as
security for debts from disposing Of them until
after the proceedings in bankruptcy were finished.
The securities il said Aucuate in value. but IL
believed that all creditors would be paid in full
Nothing further would be done until after the
ing Of the creditors, which would be held IN three
or four weeks. Frank Reynolds had been appoint
ed