The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-05
Holders of 100000 in Claims to
Fight Involuntary Bank
ruptcy Proceedings.
TO ASK INDEMNITY BOND.
Unidentified Disciple Comes to
Oyerseer's Assistance and At
torneys Petition to Declare
Elijah III Solvent.
REPUBLIC SPECIAL.

REPUBLIC SPECIAL.
Chicago. Ill, Dec. i.-Creditors of John
Alexander Dowfe gathered 10 his rescue
to-day, and, leagucd together for mutual
protection. determined to fight the invol-
untary bankruptcy petition. Applications
to Gust the receivers were filed before
| Judge kohlsaat by creditors holding lner-
| chandise claims of $4,000. and they are
to be REINFORCED by Samuel Stevenson,
| holding judgment notes for 100000.
This concerted action changes the posi-
| ton of the general overseer to such an
| extent that he soon may be an asgrieved
| party asking damages from three small
creditors for the annoyance and loss of
| reputation that has resulted from their
bankruptcy allegations.
An unidentified disciple reached Zion
| City early this morning, and the report
| went out that he was a Milwaukee mil
| lionaire come to rescue the "Restorer."
He was clcseted with elders and deacons
for time and then Judge Y. v. Earnes
| lions legal adviser, and Deacon Barnard,
| fiscal agent of the favored city.>came TO
| Chicago. There was Il look OF satisfaction
| on their faces as they visited the offices
| of attorneys representing Dowie's cred
| itors.
These attorneys then hurried to the
| Federal Court and filed Il petition asking
that Dowic be declared solvent and the
4
the DoWlcites. showing that money was
at hand to satisfy all CLAIMS. is said to
have caused this restoration of confidence
to the claimants
A new situation will arise tomorrow
when Attorney w. Tudor Apmadoc will
ask Judge Konlsaat to order the three pc
titionine creditors to give an indemnity
bond OF slry.etD. This Is said to be usual
| In cases OF involuntary bankruptcy to pro-
tect the defendant.
With such Il bond scheduled. the friend
~ creditors would pe in Il position to
push their efforts to show That Dowie
is solvent. Such an adjudication will
protect the uverSeer and the adverse
creditors, holding obligations of Sl.i69.
VIII not only be forced to pay. the costs
OF the rcceivership. but may be ordered
to pay damages 10 Dowie in any sum
named by the court.
Attorney Frank Heliner. who represents
clients having claims OF about $lCoOp
against DoTic. said tonight:
CLIENTS TRUST DOWIE.
Several of our clients have been doing
business with Dowie for a long time and
have always been paid what was due
them. They believe full payment would
lie made them without the receivership of
me Federal Court, because they do not
think Dowle is insolvent The receiver
snip. In our opinion. is unnecessary, and
without 1t Dowie would probably be able
to pay 100 cents for every dollar of his In
Ge1tedness and have much money left
Tor this reason We want to have tha cost
~ bankruptcy proceedings dismissed
Az nearly as / can determine from an
examination OF Dowie's accounts he has
assets worth at least $1,000 co., while the
c!alms against him do not exceed $500 90
IL this Is the case. 1t is wrons. to continue
the receivership."