The Washington times., 1904-10-23
TO ELECT TRUSTEE
ON SATURDAY NEXT
Referee Sets Date in Wag-
canaan Case.
LAWYERS SEEK POSITION
Opposed TO Selection Of a Trust Coml
pany-Only Claims Filed at
Yesterdays Meeting.


The aII-absorbing topic of creditors OF
Thomas T. Waggaman at present Is the
election OF the trustee.
The election viii take place, in all
probability, on Saturday next, when the
creditors and their attorneys viii meet
In the grand jury room at the City
Hail at 10 a. IA. There Will be a lively
night between the advocates OF a trust
company and those who favor the three
lawyer plan.
Judging from talk heard around the
city Hall yesterday the indications are
that the majority vote will be cast in
favor OF the latter proposition.
Would Not Have It
The officials OF one trust company in
Washington, it is understood, when APP
preached 10y friends and asked il they
would like TO have the name of their
company put forward as a candidate for
the trusteeship, announced in the most
emphatic terms that they would not
nave the trusteeship under any circum-
stances.
There Is one trust company. however,
that IS making a strenuous effort 20 land
SO many attorneys are putting up a
fight.
That many of the creditors do not
care particularly who is elected trus-
lee IS shown by the fact that not more
than 900 claims have been filed with Ref
cree andrew \. Bradley up 10 the pres
ent time, 10 being necessary that a Credi-
Tor S claim be nled before one can vote
Ihe time limit is one year OF more. ac-
cordlng 70 circumstances. and many OF
the creditors are taking their time about
hllng.
Some OF the largest claims are held
back, for what purpose no one seems
able TO say. unless it has not been con
NenleHt Tor the claimants 10 attend 10
them.
The names of prospective candidates
Tor the trusteeship include Louis p
si4oe-naker, smith Thompson. jr.; Hugh
I. Iaggart, Charles Darr, ~. J. Col
bert. Edward s. McCaImont. i. p. Low
lne' and William W. MILAN. The num-
Deg OF trustees TO be elected viii be de-
termineu. f. is said. at one OF the meet
lEgs preceding the election.
nc meeting OF the creditors, held il
IHS grand jury room, al the City Hall
yesterday was very brief affair.
Yesterdays Meeting.
Referee Andrew Y. Bradley called the
meeting 10 order at 10 O'Clock and
Immediately announced that no motions
or petitions would be heard vesterds,-
as II would be necessary 10 give the
"ho!e day 10 receiving and Ming proofs
% claims and letters Of attorney. Mr..
StaaIe5 announced that he would re-
ce'Ee letters and proofs until 3 o. ~.
ana would Eheu adjourn the session IN
III p m, Tuesday next
Al that time" said Mr.. Bradley ct
"ii near from attorneys as 70 the rights
u the creditors they represent 10 vote
Ia the election OF the trustee. Ou1y
creditors whose claims are unsecured
are entitled to vote FOR the fun amouut
OF their claims Secured creditors are
emitted 10 vote for the difference be-
tween the amount of their claim and The
'aiue OF their security. The question OF
lne values Of securities, particularly
those ou List No. ], is open to discussi3rl
ana i co not care 10 pass uDou IL until
] have heard from the attorneys i'm
terCsted.
There are two kinds OF claims Sc
cured on List No. J. those for which
notes were given during the time Inn
mealdtely preceding the bankruptcy
proceedings AID others for which notes
were given IN tie nrst year or two OF
the existence OF List No. J. The relative
value Of THESE claims will have 10 be
settled. There are also claims secured
By deeds OF trust on real estate. such
deeds NOT being recorded. The value OF
these viii have 10 be settled also.
II IL is impossible 10 hear an the
attorneys on Tuesday afternoon. / viii
hold another hearing the following day
wednesday, at i j.. IN. The next meet
ing after that VIII be held SATURDAY.
October 20, az 10 10 an, when the trustee
viii be- elected. "
Mr. Bradley called attention 70 a num-
Der or claims which had not been pre-
ssuted Ia accordance with the forms on
requirements or which were defective iu
other particulars and which could not
le hstlds De MED by Him unless presented
In proper FORM He called the attention
or tne attorneys 10 the necessity or
using proper care.