Omaha daily bee., 1902-04-18
is CASE OF GIVE AND TAKE
Terms Of the Compromise by Which CHARLES
Officer Resigns as Administrator.
CREDITORS THINK IT A GOOD BARGAIN
widows Surrender of Dover Right
Adds Materially to the Assets
Available to ExtinRuish
hefr Claims.

IQfhcer g. Pussy bank and Charles 7. Of1cer,
whereby the indictment on a charge of
criminal banking against the latter was dis
missed and he resigned as administrator Of
his fathers estate in favor Of Attorney J.
]. stewart representing creditors Of the
defunct bank, whose claims aggregated
100000.
The creditors had petitioned the court to
remove Charles Officer as administrator Of
the Thomas Oflcer estate, but while there
was a charge Of fraudulent banking stand
ing against him he refused to do so, but
notified the creditors that as soon as the
! Indictment against him was qusshed and
the petition for his. removal withdrawn he
would willingly resign. This desired end
was brought about and the papers fled yes
terday show how:
Administrator Stewart, in. consideration
Of the agreement on the part OF Elizabeth
NJ. Oficer, widow of Thomas Oflcer, Charles
T. Officer, William P. Of1cer and Julia e.
OfHcer, the heirs, to waive certain claims
and convey their interests In the estate to
him, stipulates to release and discharge
any and all claims that the estate may have
had in connection with the following mat
tiers:
what Creditors Give Up.
Certain gifts made by Thomas of1cer to
CuaTleS 4. OuuCCI, III" inv
Julia E. oflcer, respectively, on or about
March 10. 1881.
The gift by Thomas Oficer to Charles T.
Odcer on or about December %, 1884, OF lot
IL. block 10, Bayliss' first addition, being
the premises now occupied by Charles T.
Oficer as his home.
The purchase by Elizabeth NJ. Ofhcer
from Thomas Ohicer on or about July IL,
1894, Of what is known as the Monona
county farm, and the transfer and sale by
Thomas oflcer to Elizabeth M. ohicer OF
certain notes held by Thomas oficer against
J. T. Hart. and the repurchase by Thomas
oncer from Elizabeth M. ohicer of said
notes in part satisfaction Of the purchase
price of this farm.
A certain gift and advancement OF about
&c. 200 made by Thomas Ofhcer to William
p. oficer on or about July s, 1893.
A gift to Julia E. Oficer Of certain notes
secured by stock made April IA. 1884, being
the notes and stock involved in the action
now pending in the district court, wherein
j.. M. Calvin, special administrator, Is
plaintiff and Julia e. Oficer and others are
defendants,
A certain claimed obligation" against
Charles T. Oficer to Officer & Pussy and
the receivers OF said firm, for the balance
of 81. 900 lost by him on OF about March
IL, 1899.
further provision of the stipulation "a
that the action of j. NJ. Calvin. special
administrators against Julia E.. Ofhcer, snail
be dismissed, but this release does not IN
clude any obligation owing by Julia 10.
Ofhcer to the receivers Of Offcer & Pusey'
for which the stock involved in that action
is held as collateral; but that subject to
this obligation the stock is and hereby re-
mains the sole and absolute property OF
Julia e. Ofhcer. .
1t is also stipulated that all claims against
the heirs Of Thomas Oficer for rentals OF
the real estate Of Thomas Ohicer which
they may have collected or received since
his death, and which have not been Included
in the report Of Charles T. Oficer. admins
traitor, or credited on his books to the &C
count OF the estate, are released, surren-
} dered and waived.
Heirs COncede Something.
On their part the heirs convey to ]. j..
Stewart, administrators, all their right. title
and interest Of every name. kind and de-
} scrlption, In or to the property or estate
of Thomas Ohlcer, either real or personal.
{ and assign and transfer to him all leases.
contracts and rents hereafter to accrue
in any OF said real esate.
! The widow, Elizabeth NJ. Oficer. valves
and surrenders any and all right OF dover
in or to the estate OF Thomas oficer, In
Guiding the homestead and agrees to dis
miss her petition for the assignment of
her dover.
The heirs also waive and rellnquish their
claims to any rents which have been col
lected by Charles T. oficer and included
in the reports made by him in the admin
~istration of the estate; this, however. does
not include the, rents or profits, il any,
which he has collected and paid over to
the heirs of the estate entitled thereto.
and which have not been included In his
report as administrator
Charles T. oficer valves and relinquishsa
any and all claims for his services as ad-
ministrator Of his fathers estate.
The right to occupy the homestead until
May /. 1902, without rent or interference,
is reserved TO the widow. Elizabeth M,
ofAeer.
Considered n Good Deal.
The compromise reached between Admin
tstrator Stewart and the heirs Of Thomas
oflceF is regarded as a favorable one for
the creditors Of the ofcer & Pussy bank,
While the action brought by Special Ad-
ministrator Calvin against Julia E. onhceI
TO recover into the estate certain shares OF
stock In the Empkie-S hugart company 81
this city is dismissed and she Is permitted
to retain ownership OF the stock. On the
other hand Mrs. Elizabeth ohcer. tbs
widow, relinquishes her dover claim Of
one-third interest in the estate. including
the homestead, 3 valuable residence OF
Willow avenue.
In the event of the suit OF Special Ad-
ministratOr Calvin against Miss onieer be.
ing decided in his favor 1t would only hav,
recovered into the estate about $1,000, Will,
by Mrs. onieer relinquishing her DOVE
right the creditors will be benefited aDou
$40. 900. Charles oflcer valves all CLAIM
for remuneration while acting as adminis
traitor. although he would have been en-
titled to receive 81, 900 or more.
There will be a rummage sale at the ol
B@no bundiy on Friday and Saturday o