The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-07-30
ROBERTS
EXPLAINS
HIS CASE

80 - -
Continued from Second Page)
edge or the conduct Of the business Of the
company.
About the middle OF November. 1872.
received a check for go from the com
pany. accompanied by the statement that
il was per cent OF the fund set aside
for the expense OF the company for No
vember. the said amount being due me
as director. l did not fully understand
this. and asked DR. Liggett about il. He
stated that the company was In good
condition. and that all directors were
being paid the same amount as had been
received by me. 1 expected 10 go 10
Wichita to make q personal investigation
of the affairs of the company. and did
not care 70 accept the money until l did
so. Owing 10 other business. | neglected
10 make this examination. 4 did not cash
the 500 check until about the middle OF
December. and then l received another
check for SIS. being per cent OF the
expense fund for that month. / did not
understand this. but, as | had paid in
already several hundred dollars myself,
/ determined 10 deposit these checks in
my own name as trustee. which
| did and in January and February /
received checks for the same amount.
SIS each, and deposited them just as L
had done the others. in my name as trus-
tee The money is still In the bank and
l have never used one cent OF Il. but
have always held it for the benefit of the
company in case it should be determined
fin moi tIrr
able to pay il or that ] was not entitled
10 it, l have the certificates of deposit
and now that the company has gone
into the hands OF a receiver. ! intend To
return them 70 the company. Several
times | received letters from DR.. Liggett
stating that he could sell my contracts
for double the amount they cost me. but
/ got them for the purpose Of using
them myself and always refused TO sell
them. Some time This spring I received
a letter from him stating that he could
sell two OF them for $50 and that some
one wanted 20 build a house and so
gave him these contracts and he sent
me check for $3.50. for the two con
tracts. as l understood IL I supposed
that these contracts were sold TO "A pri-
vate individual. never knew anything
about that. but believed the contracts
were perfectly good and that II was a
good bargain for the man who purchased
them.
4 resigned as one Of the directors long
before 4 had any idea that the company
was in trouble. / did not resign for the
reason that / anticipated any trouble.
but simply for the reason that felt I
could no longer be q director Of a com
pany like that without giving il my per
sonal attention. and j 50 stated Ia my
resignation My resignation was ac-
cepted and since that time I have had
no further connection with the company
except simply as an ordinary contract
holder. paying my money in the same
as anyone else.
Wehn the receiver was first appointed
at Wichita 7 was told by the managers
that the company was solvent and able
20 continue business. and u was my
idea then that n they could separate the
Oklahoma business from the Kansas
business Il would - the best plan 70
have The Oklahoma business continued
in this territory and give the company
an opportunity 10 mlfn lts contracts
and comply with IS promises 30 that 80
patrons might be fully protected under
stood that special accountant hal been
appointed ~ Judge Dale % wichita.
and. according 10 Dis report &C. read Il
IN the Eagle. the company vas solvent
and had been honestly and fairly con-
Quoted by Sc officers. bu; since the credit
q the company has been affected By
newspaper reports and otherwise. have
concluded IN Tny own mind that % save
the expense - going through the courts
Of this territory Il would D. bitter 20
have the whole matter wound un in the
wichita court. and 60 that eTec, have
advised the managers = the company
Fl THIS territory. y Il - Determines by
the wichita authoriii-s that thsT have
Jurisdiction O. 30 So Instead ~ profit .
ing by this concern 7 am gprs that
an one = the heavies; ioss-s q any
who have been connected with q. ard 81
has beer = source - anncyance % ne (
II the receiver u the coupanv shouid +
ascertain that The individual zha per
chased rny contracts lost rueney on them
7 49, giaAy refanf - Bin IRE $40 iai9
70 ne b Or. I4EEett for fss two con
tracts. sa5 sra ready % place a - ~
hands q TIE receiver for hss use ara
be.eat-
= an somewhat surprised tat there
should have been 80 mech urpEpssser
talk and cannot - ether fhaa thlrk fhst
,he Tapsrs refs -1ucn ri error regaF1ing +
Judre Dsies Etate-aerts