The daily journal. (Salem, Or.) 1899-1903, 1902-08-06
SAVED
HER
HOME
Mrs. Gilbert has Transferred
Her Dover Interest
To all Real Estate in Exchange
for Home Property.

A. r. Gilbert and wife on Tuesday
afternoon fled with the circuit court
proposition By which Mrs. Gilbert
agrees to transfer 70 the receiver OF
the defunct bank her dover interest
10 all real estate involved in the bank
litigation provided the receiver be
directed TO make deed TO her Of her
home property on Marion and Water
streets. In this city, and also execute
bin Of sale 20 hers FOR all household
goods and the team and carriage. The
proposition has been accepted by W.
NJ. Kaiser, attorney for Tilmon Ford.
executor OF the estate OF the late VIM.
Cosper. who is the principal claimant
10 the pending case, and the attorneys
for the other interested parties and
the intervenors, have accepted the
proposition. The matter was formally
presented TO Circuit Judge Boise yes
terday afternoon for his consideration.
He announced that he would continue
the consideration Of the proposition
until morning.
The estimate value of the dover in
terest Of Mrs. Gilbert in the property
that II Is proposed to transfer to the
receiver Is given az about $4,000.
which. the Gilberts allege, exceeds the
valuation Of the property that they
desire 10 have transferred TO them.
The property to which Mrs Gilbert
agrees to relinquish her dover inter
est consists OF business and residence
property in Moscow. Idaho; Buena
Vista, Newport Salem and Portland,
and also includes a fourth interest In
five quartz mines In the Bohemia min.
ing district.
In this same case the First National
Bank Of Corvallis has filed an amend.
ed claim for an alleged balance OF
}32lS76.
Proposition Is Accepted.
Judge Boise heard some arguments
In the case this morning. G. G.. Bing.
ham, who appeared for the receiver,
said there was no objection on the
part OF Receiver Catch to the accept.
ance Of the proposition, since II would
facilitate the administration OF the es-
tate. but he wished 20 be advised In
the matter OF the household goods, 90
which he would be expected TO give
bill OF sale In their petition, the Gil
berts claimed TO be possessed OF
household goods OF the value Of 5000.
while an inventory OF the effects had
disclosed about $500 worth OF goods
MCNary and Ford considered the ques.
,ion of the controversy an unim.
portant one, since large interests
would be served by the acceptance OF
the proposition. and the delivery 20 the
Gilberts OF their entire stock OF house.
hold goods After some further argu.
ment Judge Boise directed Receiver
Catch 20 execute TO Mrs. Gilbert
deed 10 her home property In this city.
and 10 give her a bill OF sale 10 her
household effects and team and car.
riage. and I'm return therefor 10 re-.
ceiye deeds conveying 10 himself as
the receiver, the dover interest OF
Mrs. Gilbert TO all OF the real estate
involved In the litigation. In passing
upon the matter Judge Boise said he
considered Il was In the interest OF the
estate that the dover interest OF the
wife might be acquired as a means OF
eNpediting the settlement OF the re-
ceivership.
Judge Boise directed the receiver to-
address letter to all claimants hold.
ing collaterals requesting them 20 re-
port the amount of the collections they
have made thereon since the bank
failure that credit may be given there
ON on their respective claims against
the bank. and that where the pay.
ments on the collaterals have exceed.
ed the amount OF the original claim.
then the account will be eXtinguished.
and any balance that may exist will
revert 90 the receiver