Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1904-12-09
FILES PETITION
IN BANKRUPT ICY
CREDITOR OF MRS. CHADWICK
ACTS AGAINST HER.
RECEIVER is APPOINTED
Will Have the Effect of Fully Closing
Up Her Affairs-Woman Is Said
to Have Obtained Aid in
Wall Street.

cleveland, w., Lee. o.-JacQueS kra-
kauer, Of New York, filed petition in
involuntary bankruptcy against Mrs.
@. l.. Chadwick in the federal court
here Friday Krakauer is dealer in
laces and embroidery. He claims $500
to be due him from Mrs. Chadwick.
The names Of George Couch, livery
man of this city, and H. F. Potter, a
merchant, were also signed to the PEE
tition on claims of $500 and 5000 re-
spectively. The petitioners set forth
that the giving of note to the Elyria
bank by Mrs. Chadwick while she was
indebted to them constituted an act Of
insolvency.
Receiver Is Named.
Later In the Gay Nathan Loeser was
appointed receiver for all the proper
ty, Of every kind and description be-
longing to Mrs. Chadwick. The re-
ceiver was appointed by Referee Har-
old Remington, who was empowered
to act in the absence of United States
District Judge Wing. Referee Rem
ington fixed the bond of Mr.. Loeser
at $4,000. The latter is an Attorney
of this city. The plaintiffs in their pc
tition declare that within four
months preceding the filing of this
petition, while insolvent, Mrs. Chad
wick paid to d. Wheaton & Son, of
Cleveland, $500, with intent to prefer
Wheaton over other creditors" I'm
der the bankruptcy law any money
paid out upon debt within six
months previous to the filing of the
petition in bankruptcy is considered
to mean that the bankrupt prefers
them to other creditors. The Law
also allows the receiver to collect
from such creditors any moneys OF
valuables received and distribute them
among other creditors, of being treat.
ed alike, receiving the same percent.
age Of the assets found according tc
the amount of their claims.
Will Force Settlement.
The adjudication under bankruptcy
law Of Mrs. Chadwick's affairs will
mean their full closing up. 1t will
force settlement and a ccmplet,
estoppage of further operations b,
Mrs. Chadwick, and involve a com
plete investigation, exposure and fna
distribution OF her property among
the various creditors.
Did Not Order Proceedings.
New York. Dec 81 did not in
struct my attorneys in Mrs. Chad
wick's home city to file bond agains
her. as believe she has plenty q
money and il well able to meet all he
financial obligations. Mrs. Chad
wick has an account with us and ha
always been prompt in settlement
There is some small sum due me nov
from her, but 1t is not nearly so grea
as many bills she has paid in the past
Mrs. Chadwick has been In here with
in the past week or SO, and did no
appear to be at all worried about an,
amount" This statement was mad,
Friday afternoon by Jacques Kra
kauer, the Fifth avenue merchan
whose attorneys in Cleveland filed
petition in bankruptcy against Mrs
Chadwick.
Receives Aid in Wall Street.
New York. Dec. 3.-"Powerful al,
has saved the day for her"
This statement was made Friday b,
George Ryall. Of local counsel TO
Herbert D. Newton, in discussing tin
settlement Of his clients CLAIM
against Mrs. Chadwick. Where Mrs
Chadwick obtained the aid Mr.. Ryal
did not state, but it is known tina
she spent considerable time in tn,
Wall street financial district Thurs
day, and was for several hours in tn
! Offices of firm Of attorneys which
frequently has acted as legal repre-
sentative for one Of the country
richest men. It was soon after tn,
visit that Mr.. Newton's lawyers an
nounced that they were satisfied tina
their claim would be settled.
Il y