The Oskaloosa herald., 1904-12-08
PETITION
IN BANKRUPTCY.
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, o., Dec. 3.-Jacques Kra-
kauer, Of New York, filed a petition in
involuntary bankruptcy against Mrs.
G. L. Chadwick in the federal court
here Friday. Krakauer is a dealer in
laces and embroidery. He claims 5000
to be due him from Mrs. Chadwick.
The names of George Couch, a livery
man OF this city. and H. f. Potter, a
merchant, were also signed to the pc
tition on claims of $500 and $500 re-
spectively. The petitioners set forth
that the giving of a 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 day 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, $700, with intent to prefer
Wheaton owe other creditors" I'm
der the bankruptcy law any money
paid out upon a debt within six
months previous to the filing Of the
petition in bankruptcy Is considered
to mean that the bankrupt prefers
them to other creditora The law
also allows the receiver to collect
from such creditors any moneys or
~valuables received and distribute them
among other creditors, Of being treat
ed alike, receiving the same percent
age Of the assets found according to
the amount of their claims.
Will Force Settlement.
Phe adjudication under bankruptcy
law of Mrs. Chadwick's affairs will
mean their full closing up. 1t will
force a settlement and a complete
estoppage of further operations by
Mrs. Chadwick, and involve a COM
plete investigation, exposure and final
distribution. Of her property among
the various creditors.
Did Not Order Proceedings.
New York, Dec. al did not in
struct my attorneys in Mrs. Chad
wick's home city to file a bond against
her, as I believe she has plenty Of
money and is well able to meet all her
financial obligations. Mrs. Chad
wick has an account with us and has
always been prompt in settlement.
There is some small sum due me now
from her, but it is not nearly so great
as many bills she has paid in the past.
Mrs. Chadwick has been in here with
in the past week or so, and did not
appear to be at all worried about any
amount" This statement was made
Friday afternoon by Jacques Kra-
kauer, the Fifth avenue merchant
whose attorneys in Cleveland filed a
petition in bankruptcy against Mrs.
Chadwick.
Receives Aid in Wall Street.
New York, Dec. 3.-"Powerful aid
has saved the day for her"
This statement was made Friday by
George Ryall, of local counsel for
Herbert D. Newton, in discussing the
settlement of his clients claim
against Mrs. Chadwick. Where Mrs.
Chadwick obtained the aid Mr.. Ryall
did not state, but it is known that
she spent considerable time in the
Wall street financial district Thurs
day, and was for several hours in the
offices of a firm of attorneys which
frequently has acted as legal repre-
sentative for one of the country's
richest men. 1t a soon after the
visit that Mr.. Newton's lawyers an
| nounced that they were satisfied that