Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-09-15
DELAY IN SCHEDULE
ONLY THING WHICH PREVENTS
VOLUNTARY BANKRUPTCY.
Statement of Mr.. Thomas E. Wagga-
mans Attorney-Deputy Marshal
Takes Possession of Securities.

eff had been able to prepare statement
OF Mr. Thomas E. Waggamans liabilities
and assets. l would have filed petition in
voluntary bankruptcy long ago, and all TINS
turmoil would have been avoided
This statement was made today by MIR.
Irving Williamson. Mr. Waggaman's attor-
ney. and answers a question often pro-
pounded during the course of the recent
proceedings before Justice Anderson. At
tCrneys representing the various petition
ers demanded often to know why this
schedule had not been presented in court
and why Mr.. Waggaman had not simpli-
fed matters by a petition in voluntary
bankruptcy.
"A force of clerks has been working on
this list for three weeks" continued Mr..
Williamson, land the work is still far from
completed. At first 1 believed the schedule
could be made in a few days but each
transaction broadened and involved SO
many other transactions, that 1t has become
a most intricate and difficult task. We will
have until ten days after adjudication In
bankruptcy to file the schedule, and | hope
to have it completed then, if not before"
This would make the date of publication
about October 3.
Obeys Order of Court.
In obeying the order of the court. issued
yesterday, and described in The Star,
inson, accompanied by former Judge e. e.
Cole, attorney for the marshal. called at
Mr.. Waggaman's office, at 917 F street,
this morning, and spent almost the entire
day in certifying and taking possession of
the securities included in the famous list
No. l. and such other securities and moneys
prescribed by the court as being involved
in the bankruptcy proceedings. Every IA
cilty was extended the officers. and it is
understood the securities Appropriated ST.,
2OOOoo, as stated in all of Mr.. Waggaman's
answers to the bankruptcy petitions
These will be held by the marshal until
Mr.. Waggaman is adjudicated a bankrupt.
which, according to the intimation of JUS
tice Anderson yesterday, will be September
%. Then the creditors will be given an
opportunity to select trustee in bank
ruptcy. and as soon as this trustee can
qualify the marshal will turn the securli-
ties over to him.
In case of dispute among the attorneys
for the several creditors, Justice Anderson,
in following the suggestion made in his
decision yesterday. may take the matter
out of the hands of the creditors. appoint
a receiver and administer the estate. At
torneys today stated that this procedure IS
not probable.
Mr.. Waggaman's Business Career.
The formal transfer of the securities to-
day practically marks the close of a pro-
tracted business career, and Mr.. Wagga-
man has many fflends IN the cilS' ANU III
fact all over the country, who have ex-
pressed their sincerest sympathy that its
ending should be so unfortunate
According to one of the attorneys for the
Catholic University, Mr.. Waggaman never
dealt in wildcat schemes or mining
stocks or any securities of hazardous ma
ture He always expressed a preference
for real estate investment because it was
absolutely safe" Nevertheless 1t was this
extensive investment, resulting in a search
ty of cash or convertible property, that
caused his present financial embarrass-
ment.
During the years when he was accredited
a man of much wealth he spent much time
abroad and acquired an art gallery which
is one of those institutions of this city
which rise to more than local Importance.
1t is valued at 100000 and is now mort
gagged to the Catholic University to secure
part of his indebtedness to it.