Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-31
Lively Contest Probable for
Election of Trustee
FOR WAGGAMAN ESTATE
EACH CANDIDATE FOR TRUSTEE
SUPPORTED BY FACTION.
Referee Bradley Begins Task of Com
putting Interest on Claims-Work
Progressing Rapidly.

The statement was made on good author
ity today that the Waggaman creditors are
dividing into well-deflned factions, and
that at the next meeting of the creditors.
November l.. there will be a lively con-
test over the election of trustees.
The factions are said to be: One favoring
the election of the Washington Loan and
Trust Company; another favoring the
Union Trust and Storage Company. which
is = new candidate in the field another fac
ton in favor of the election of Mr.. George
Truesdell and still another which favors
the election of three trustees
The leaders of the several factions are
saiG to he al wo,k. and II was reported that
conferences will be held in the interim be
fore the forthcoming meeting OF creditors
at the city hall.
The statement of lawyer that MI
Truesdell might be disqualified from serv-
ing rs trustee because he is said to be a
director of one OF the banks having a claim
against Thomas F.. Waggaman WAS shown
to Mr.. Bradley. the referee, this afternoon.
Mr.. Bradley in reply stated that the fact
that Mr.. Truesdell was such director. or
even a creditor of the bankrupt. would not
dtsqualify him from serving as trustee.
A Matter of Calculation.
For the next ten days. the stua ton
Row appears. the Waggaman case will set
lars and cents of accrued interest and the
discussion of the pros and cons as to the
trustee ship and what allowances and dis
allowances of claimed amounts will be
made by Mr.. Andrew Y. Bradley. the ref
eGee in bankruptcy Having enjoyed a re-
:rrshing rest after his all-night vigils. which
eT0ed shortly before daybreak Saturday
morning, Mr.. Bradley arrived at his office
carly toiay and entered upon the stupen-
d"Us task which confronts him of comput-
ing the interest on all the myriad claims
which have been filed against the assets of
Thomas Il. Waggaman.
Mr.. Bradley will first go over all the
claims with an expert. and the interest on
every claim entitled to interest will be COM
puted and added to the principal. This will
be separate and distinct process from tina
of allowing and dsallowing claims, for, as
MIR, Bradley stated to a Star reporter to-
day, after hearing arguments and receiving
proofs he may decide to allow some claims
which he has previously disallowed. and dis
allow others that have been allowed.
1t Is believed when the next meeting OF
creditors - held, on November u, all the
computations will have been made and
that there will be nothing to prevent voting
FOR trustee or trustees.
A Few More Claims.
Since the adjournment of the meeting on
Saturday forenoon but few claims have
been filled with Referee Bradley, and none
of these for large amounts.
Interest appears to have centered upon
the prospective trustees. 1t is said the
Waggaman interests favor the selection of
one trustee. and that one the Washington
Loan and Trust Company.
AS Mr.. George Truesdell is a director of
that company, ii is limited by some that his
election viii practically mean the selection
Of the trust company. There are said to
be many creditors who favor the three
trustees plan. which one attorney said to-
day would practically be a committee OF
adjudication which could be made repre-
sentative Of the several classes of claim
ants on the lists.
one Of the three-trustee tickets named
today comprised Messrs. George Truesdell,
j. j. Darlington and Charles w Darr.
Whether the One-trustee plan or the
three-trustee plan will be adopted by the
creditors l. difficult to foretell. Both plans
have many adherents, il is said. who will
make their contentious al the forthcoming
meeting.
There was some talk today of holding a
conference of the leading claimants and
their attorneys who oppose the election of
Il single trustee, for the purpose of agreeing
upon trio to be voted for at the meeting.
The appearance of the Union Trust and
Storage Company a prospective candi-
date for the trusteeship has caused consd-
cradle comment in legal circules The com
pany will. it is said, have a fair following
at the election.