Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-07
Summary of the Schedule.

$9s4, ,sS3.45. The largest item of his assets
Is Is real estate, the stated value of which il
%, %. 511.5S.
Summary of the Schedule.
The summary of the voluminous schedule
follows:
LIABILITIES
Taxes payable. .. xs -os ..
Wages household debts and Once S'''''''
Debts secured by list No aa9 seS- seS 80 80
que catholic University. ............ ss1 les 70
Stcueu cialHs .-.--.............. LII l4t; 40
Unsecured claims ..... saa ~ ~
Notes and bills which ought to be
paid by other parties thereto uses5, ,oo
Aooa'io" paper. r..............- nT,25e.e0
Total ...................... 81, ,s22 s4o.ss
ASSETS
List No l. in hands of T. s marshal - azs sa7 90 Ss
9inee furniture and fixtures. 10000
household goods, ,ete.............., IL $40 90
hooks prints and pictures. .....,. gof 600 m
Deots D que on open accounts ........ T3572 90
Os'ee Vi INSURANCE.. ...---....... 100, 1872 90
iotai ACKNOWLEDGEMENTS s. cor a24 OS
The summary sets forth that there is no
cash on hand and that the value of stocks
ana negotiable paper Is unknown The
item of real estate, 1t is understood repre-
sents the gross value of Mr.. Waggaman's
holdings in real estate. without reference
to the number or amount OF oufsfa ndfnr
obligations secured by the realty. Such
obligations are accounted for in the sched-
ule of debts. which appears to disclose the
exact condition of each piece of property,
showing In detail the various incumbrance
connected with them, as shown by the
schedule. Mr.. Waggaman claims credit
for $l,214.o37. under the entry "bills,
titioner, or list In hands of United States
marshal The securities thus treated as
an asset are also referred to In the sum-
mary of debts by an item of 81, ,239, ,56s,
which is said to cover the loans secured on
''list Of notes, No. L.
Other Items in Assets.
Other items given as assets include
books, prints and pictures" S9O1 600 These
books and pictures are said to include the
magnificent art gallery of Mr. Waggaman.
a very considerable portion of which is be-
lieved to have been pledged to the Catholic
University to cover the claim of that iE-
stitution. Debts due on open accounts are
given $73,572. and policies of insurance,
$1O9, ,162. Secured claims reported as
debts in the sum Of 81, III, ,146, and, it is
understood, represent chiefly mortgages
real estate holdings. There is due the
Catholic University 1851, ,1OS. Unsecured
claims are stated at $4S9,177. and notes
and bills. which ought to be paid by other
parties thereto" are given as $116.665. 1t is
said that the policies of life insurance re-
ferred to are paid up.
In view of the prospect of a pro-. acted
session, extending through more than one
day, Referee Bradley has decided to call
the first meeting of creditors for the pur-
pose of electing a trustee. for Friday morn
ing, October 81, instead of October p, as
heretofore announced.
List Number One.
Certain of those directly interested in the
affairs of Thomas E. Waggaman, who have
made a careful examination and study of
''list No. T. and the accompanying papers,
expressed the opinion today that more than
81, 200 900 alleged to be secured by list
No. 1" will very likely actually be found
fn,r hon dc
of dollars of bona-fde secured credits.
The assertion has been made by those
who claim to be in position to know
that approximately 100000 of the more
than $1,2o0,000 of the amount represented
by list No. is made up OF the personal
notes of Pierre Waggaman and others
that is notes made or indorsed by them
and not supported by deeds of trust. These
notes, it is said. merely bear notation,
sdch as 10th street property" Such no.
tations 1t is remarked, fail to add security
to the notes, and nothing more than
marks for convenience in bookkeeping.
The attorney for one creditor declared to-
day that Mr.. Waggaman bought the 10th
street or Meridian Hill property, at the
northeast corner of 10th street and Flor
ida avenue, for about $4,000. There was
on it at the time trust for about 100000
so that the cash consideration was only
about $4,000 1t is stated that Mr.. Wag-
gaman at once placed on the property an
other trust for about $6O,OO0, and there-
after, whenever he considered that the
property had appreciated III value Hdo ouo
of his relatives or employees make note
for sos O0O or whatever the appreciation
in value was considered to be. Such notes
as this were marked 10th street prop
erty." and so far as has been disclosed were
backed by nothing further in the way OF
security.
Further, it was argued today by those in
terested. that Mr. Waggaman's art coiiec-
tion valued by him in his schedule OF as
sets at S901OO0 will be found to be OF the
actual market value of less than s2Vo'oV.
List of Creditors.
There are about 1000 creditors holding
securities Following are some of them:
Statement of all creditors who are to be
paid In full or to whom priority is secured
by law:
District of Columbia taxes. assessments.
ETC., S.. .IOS.44
Local business houses and employees OF
Mr. Waggaman small amounts aggregate
ing, $2.265.S0.
Creditors holding securities"
Sisters of the Visitation Of Georgetown.
T. e. wagsaman and J. H. Ralston. trus-