Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-23
OULANY MAY ACCEPT
Will Take Waggaman Trus-
teeship if Preferred.
ELECTION DECEMBER 8
CREDITORS GENERALLY FAVOR
LATEST NAMED PROBABILITY.
One Per Cent Of the Proceeds Of the
Estate Will Be Paid for
Trustees Services.
ELECTION DECEMBER 8

The trusteeship Of the Waggaman estate
continues to be the uppermost topic among
the creditors Of the bankrupt and the attor-
neys Of record in the litigation. The ex'
elusive announcement in The Star yester-
day that Mr.. H. Rozier Dulany would be
nominated for trustee by those represent
ing the largest interests In the Waggaman
case has been generally discussed, and an
attorney prominently identified with the
proceedings stated this afternoon that in
view of 1.-The strong and rapidly growing
sentiment in favor Of Mr.. Dulany'' he be-
lieved he would be elected by a majority
equally as great as that received by Mr..
George Truesdell.
Will Be Well Backed.
The fact that Mr.. Dulany will have at his
back some Of the strongest financial insti-
tutions in the city Is argued as one very
important reason why he should be made
trustee. Speaking along this line promi-
nent attorney said:
1.-THE conditions may be such that by ad-
vancing $4,000 or 100000 four times that
amount might be saved to the estate A
man is required for the trusteeship who can
necessary to prevent sacrifices being made
to the detriment OF the creditors, and Mr..
Dulany Is that man."
In the hands Of a competent and able
ney 1.-THE Waggaman litigation will not
prove to be such Chinese puzzle as some
people think
There having been some doubt expressed
as to whether Mr.. Dulany would accept the
trusteeship If 1t is proffered him, one Of his
friends stated this afternoon that while he
was in no sense a seeker for the place, he
would accept the truSteeship If II Is tender
ed him in the same spirit that 1t was to
former Commissioner Truesdell.
Compensation Nominal.
The compensation of the trustee will be
1 per cent Of the proceeds Of the estate,
whatever sum the total will reach and
which is said to be at this time somewhat
enigmatic.
conference Of the lawyers and others
directly interested in the Waggaman pro-
ceedings was held behind closed doors at
the city hall yesterday afternoon after
The Star had gone to press.
Mr.. Andrew Y. Bradley, the referee In
bankruptcy in the case, explained that the
reason the meeting place was not opened to
the public was because the session was in
the nature of private conference between
attorney and client just as any attorney
consults with his client before the case
goes to trial. There being so many at
torneys and clients involved in the Wagga-
man case, naturally the conference took on
number in attendance. Attorneys interest
ed in the matter are Of the opinion that
Mr.. Bradley's course was the right one.
The purpose Of the gathering was to dis
cuss and agree upon a plan Of proceeding
in the examination and cross-examination
Of the bankrupt real estate broker as to his
assets and liabilities.
Referee Bradley explained that the OBJ
ject of the gathering was to outline pro.
gram of procedure in the conduct of the
hearings at which the bankrupt Is to be
quizzed as to his holdings of property. Mr..
Bradley impressed upon his audience that
he was not acting in his official capacity,
although he. as referee, had called the
meeting. His purpose, he stated, was to
determine on course of procedure at the
coming hearings.
Mattingly's Remarks.
Mr.. Wilbur F. Mattingly. who represents
large and important interests in the Wag-
gaman matter. addressed the assemblage in
a manner that caused favorable comment
on all sides.
He urged that 1t would be greatly to the
disadvantage of the estate to have a pro-
miscuous examination Of the bankrupt. and
he suggested that the proper thing for the
trustee to do as soon as possible after his
election would be to have the titles to all
of the real estate held by Mr.. Waggaman
examined by a title company to settle it's
true condition from monetary standpoint.
books of Mr. Waggaman and strike bal
ance in detail was also advocated by MIR.
Mattingly, who stated that he had been
informed that in a number Of instances the
bankrupt had duplicated and in some cases
Implicated charges against himself. The
work Of an expert accountant, Mr.. Mat
tingly said, would decrease the apparent
Indebtedness of the estate and increase the
assets by corresponding amount.
Following the suggestion of Mr.. Mat
tngly that no action be taken, Attorney
B. F. Leighton opposed any further pro-
ceeding, and on motion of Attorney Arthur
Peter, seconded by Assistant Corporation
adjourned.
In the opening session Referee Bradley
called attention to the fact that unless
some definite plan of operation was ac-
cepted by the creditors, a large and ex-
pensive record. which would ultimately be
of little use, would be developed. This stu
alton, he said, could be avoided only by
concerted action on the part of those in
control of the situation, and for the reasons
stated he expressed the hope that the credi-
tors would designate somebody to conduct
the examination Of the bankrupt It is
believed to be doubtful whether any of the
leaders Of the bar would accept such an
assignment. as 1t means really the meat Of
the work of the case. From 1t there will
be brought forth. if from anywhere, the
true status Of the Waggaman mix-up and
there seems to be no provision for proper
who do the work of examination under
such a plan for the benefit OF all the
creditors.
There will be no further meetings Of the
creditors Of Thomas e. Waggaman. it is
stated, until December 3, at 10 o'clock
am, when trustee will be elected.
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