The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-11-21
Will Not Have Trustee
ship in Wagganan
Case.
NO TIME FOR THE WORK
1t Is Also Said That Slender
Chance of Making Money
Was Considered.

George z. TruesdeIl will not be trus<
tee for the bankrupt estate Of Thomas
Z. Waggaman. a formal announcement
OF his deelination OF the Office TO which
he was almost unanimously elected By
the Wagga1nan creditors on November
y was made by Mr. Truesdeii this
morning.
When seen By a reporter for The
Times, Air. Truesdeu declined 70 give
any other reason for his action than
that be had other interests which would
prevent his acting as trustee.
AT the first meeting OF the creditors,
which was called for the purpose of
electing a trustees. Judge c. c. Cole
and Attorney J. J. Darlington, who rep
resent a large number Of claims against
Waggaman, announced that Mr.. Trues-
dell would act as trustee II elected, and
moved TO postpone the election until
the creditors could be informed Of this
fact. Referee Andrew 7. BFaGley refus-
postpone the election on such
GROUNDS. but did postpone it until in
terest on the claims could be caIcu-
lated. several attorneys having request
ed this. In mentioning Mr.. TruesdelFs
name for the trusteeship Nj. Darling
ton said he had received trum Mr..
Truesdell. who was then fl Pdris, a
cablegram saying he would serve. II
elected
Slender Chance TO Make Money!
Friends of Mr.. Truesden, with wEosa
he consulted upon his return 10 Wash
ington regarding the condition OF Wag-
gaman's affairs. say that he soon found
what a slender chance he had 10 make
any money out OF it, A prominent
iinancier who Is fully Informed on all
the ins and outs or the Waggaman case.
toll Mr. Truesden -e doubted IL eyen
the referee would get enough out of il
70 pay Tor his time and trouble. When
Mr.. IEuesde4 considered this phase OF
the case ana thought over the amount
OF work he would have 70 do. he came
10 the conclusion that he would decline
the honor thrust upon him.
In addition 70 his private business, Ar.
TTuesdell viii. as q trustee OF the Epis-
copal Cathedral and chairman OF the
building committee. have a great deal
Of work 10 do on the erection OF the
new buildings that viii go up on the
Cathedral site IN the near future. and
this viii occupy a large part OF his
time.
Election Probably December 3.
The refusal Of Mr.. Truesden to act al
trustee for the Waggaman estate VIII
necessitate the holding OF another cleo
ton and the consuming of much tina
and trouble on the part OF Referss
Bradley formal letter from Mr..
Truesdeu reached Mr.. Bradley this
morning notifying him OF the decision.
The referee will now send out about
l. 800 notices 10 creditors 10 the effect
that another election viii have to be
held. II the grand jury room at the
City Hall can be had on December
Mr. Bradley will call the election for
that day.
The creditors and their attorneys
seem 10 be at sea on the question OF
who Will be elected trustee 10 succeed
Mr.. TFuesdell The names OF ". W.
MILAN, Louis 2. Shoemaker and Z. s.
McCalmOnt are being put forward BY
those who favor the plan OF having
three trustees while that OF Hugh 4.
Taggart is mentioned by those who
stick 10 the idea Of having but one.
Fight May Be Renewed.
The indications are that there viii be
renewal of the fight on the number OF
trustees to Oe elected. many who
favored having three trustees gave in
because they thought Mr.. TIrusdeli
would take hold Of the work In case
those faYoring three trustees win out
the chances are very strong that Nc
Calmont, Shoemaker. and MILAN VIII
be elected. There Is doubt but that the
two attorneys, MILAN and McCaimonts
both OF whom have had experience Win
bankruptcy proceedings, the one as
trustee and the other as a referee, VIII
serve If elected. In the case OF Shoe
maker, the real estate man. tnere ls
doubt but his friends express the opin@
ion that he viii consent 10 act II elected.
Investments by MonsignOr Sbarretti.
claim, of s220 207O.SS. the aggregate OF
various sums intrusted for invests
ment 10 Thomas Z. Waggaman ~ the
Most Rev. Donate Sbarretti, papai
delegate 10 Canada. was filed against
the bankrupt estate this morning by the
law firm of RalstOn * Siddons- The firm
reDresents John S. EwaFt Of Ottawa, TO
whom Mgr. Sbarretu has assigned his
In addition 10 the principal sums ad-
vanced. the claim includes for Interest
for six months 20 july = 1914, ana IN
terest since that date is also claimed.
Mr.. Ralston said today that the bank
ruDt had given TWO checks In payment
of certain parts Of the interest and
that these checks were protes ed Tor
non-pdyment when presented.
The investments made by Mgr.
Sbarretti with Mr.. Waggaman were %
So 542 Sl.76f. $500, N,0i, and $4,000. re-
spectively. Interest in these several
amounts brings the total claim up 10 the
amount originally named.
In the claim filed with Referee Brad
lev no suggestion of security Is made.
Whether these sums are ostensibly se-
cured on the now celebrated List No.
l. ." does not appear.
Monsignor Sbtrretti has assigned the
claim 10 Mr.. EWarti who IS an ottawa
barister, in order probably TO avoid the
trouble and annoyance of personal ap-
pearance in Washingl0i. ana personal
advocacy of his interests. He IS one Of
the several church dignitarles who en-
trusted Mr Maggaman with funds for
investment, because of the latters high
standing and official position as treas
urer OF the Catholic University Of
America.