The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-10-20
LAWYERS VALUE
LIST NUMBER ONE"
Report of Committee Is
Submitted.
BIG DEFICIT IS ALLEGED
Equities VIII Not Realize Amount for
Which They Stand as
Securities.
BIG DEFICIT IS ALLEGED

Attorneys for the creditors of Thomas
T.. Waggamau met Jhis afternoon at
the Court House to receive the report of
the committee appointed 10 approximate
the value of certain assets of the bank
Tupt real estate dealer. which form the
basis of the now famous List Number
one.
your committee. appointed to report
al the meeting concerning the approx
innate value OK List No. 4, i'm order 10
amount of List no. j. claims seem TO
De owing over and above the value OF
their securities OF prioritless in order
lnat JneF voting capacity may be n&ed
before The nTsI creditors meeting. which
IS scheduled FOR tomorrow, bes leave TO
say.
Visit Waggaman.
ION Wednesday last. the 18th inst, il
waited upon Thomas +. Waggaman at
his place OF business AT SIT Z Street
northwest, and went over with him. as
carefully as possible such OF his affairs
Your committee has also consulted
with experiences. and conservative real
estate brokers with regard 10 the valua-
tons OF the various tracts OF land which
So 70 make up or form basis for List
After careful consideration your
committee has analysed and divided
List no. l. into the following:
Value OF Property.
-Of tire numerous tracts which thus
purport 10 be secured and as against
which perhaps List No. creditors
have an enGorcible equitable lien, there
appears as follows.
"a. Straight trusts represented by Mr.
WasSauau 10 be hrst trusts and iu the
main taken on AR. MaEgamau's Wesley
EielslIs properties. which amount 10
tiir sum uL----.-- $50 800
''b. Notes outst auding i'm the main
against the same property, payable 20
> T. Allen, IT., which notes Mr. WaE-
5- 5 as-utea your committee VIII be
--ldoISeC 10 MIN by Mr- Allen IS soon as
ne returns TO town. Said notes amount
40 s. % so
&C. Notes outstanding In the main
able 10 the Catholic University, which
notes, as well. your committee was as
sured, win be iud0rsed by the uroper
aet1orlues OF the said university TO Nr
Whatever interest IL might formerly have
nad therein 10 the bankrupt. said notes
mount L0------. $50 4g2
"a. Green Purchase. FW0OdIev' AGAINST
Mllch appears notes aggreEa ting $50 600.
These notes are supposed 20 be over
ana above ale the record membranes
thereon bur of this your committee has
been unable 10 satisfy itself. This SCI
curlty, therefore. is taken on the basis
thHt the property Is g8od for both its
record lnG7lIaoraneez -ELEd the notes be-
longing 20 List 10. J. creditors. aggre-
gazing Lhe ABOVE anouuL OF. ....... $4,000
Sc Dumblaue. This tract also has
notes outstanding agg-egaUiug 81 400
which are likewise considered as being
over and above all the record iucum-
Frances thereon, and suDpOses that the
property Is good for both its record in
cumDrauces and the above outstanding
amount or notes ..--........-... 81. 400
~ The GoldsbOr0ugh Tract has List
No notes outstanding against il
amounting 10 $1,000. AS these three
last named tracts are, perhaps con-
Lguous 20 each other and merge more OF
less In 'Woodley' il has not been pos
SlD-e Tor your committee 10 ascertain
Just the amount of record iuCumbrauces
there are outstanding against each OF
these tracts But considering that the
property ls sufficient 10 pay not only
what Iucumbrauces there are. but as
well the notes secured by List No j.
outstanding thereon the securities
should De worth the above amount
~. d