Daily capital journal. (Salem, Oregon) 1903-1919, 1904-02-22
JUDGE BOISE is NOT TO BLAME

JUDGE BOISE IS NOT TO BLAME
The Journal has been trying to req
resent the interests OF the smalle
creditors Of the Gilbert Bros. suspend
cd bank and has been making a de
mand that the recelvershlp be wound
up and that they be paid off.
This Is treated by those 'opposed Ia
the above propositions as presumption
and charges have been bawled on the
streets and In the newspapers, that
The Journal publishers we're black.
mallers and wanted advertising out Of
the receiver.
As the receyershlp was FIRST IN the
hands Of II. b Thlelsen and Is now I'm
the hands Of Mr. Catch, and as neither
gentleman can show that The Journal
publishers ever asked them for any
advertisements or for any money. dl.
rectly or Indirectly, accusations OF the
above character will fall to the ground
OF their own weight ami are not made
In good faith. but simply to try to
drive this paper into silence by an un.
usual uproar.
In all that has been said or shall
bo said In this paper, no one should
be led to believe that Judge Boise. un.
der whose direction the recelvership
has been conducted, has not In every
way sought to protect the smallest
creditor ON equal terms with the great
ost
The poorest depositor viii get even
Justice az the hands OF Judge Boise
with the richest preferred creditors Of
the Gilberts II any large creditor has
oollaterals to the full amount OF his
claim and has been getting dividends
on top OF his securities without giving
mp his collatorals, Judge Boise win IN
the end make him surrender his grip
hut the smaller creditors have
rlght 10 ask that the Affairs OF the re-.
colyership be expedited. They have
even a right TO Inquire into the man.
ner In which the assets are being dis.
posed OF Hat the court Is not direct
ly responsible for the methods adopt
cd by the receiver In trausactng all
the details OF the roceiyership.
The creditors have some rights To
complain as this Is FREQ country
where the smallest may have his
kick The Journal has tried 10 voice
their complaints without fear OF IN
tlmldatiou by rich or great or lnnuen,
tial persons. What are the main com.
plants Of crcditorsg
Flst d was represented 10 get the
raceiNership and 90 deloqt thrownr
the estate into bankruptcy that under
an economical reoelyershlp conducted
IN the local court the creditors would
be paid out in mu and that uader
bankruptcy proceedings they would
not get ten cents ON the dollar These
were the representations of Gilbert
hros, ot their attorneys. OF the attor.
neys Of the receNershlp This was
the belief ot Hon Tl'mon Ford and OF
o'hers who opposed bankruptcy. some
OF them may now deny that those were
the representations made, but the fact
remains that those were the state.
ments presented 10 Judge Renneer
and presented SO strongly that ne viz.
tually held the Gnberts were solvent
Second the smaller creditors are nor
satisfied with the way the assets are
heing handled as they arc not speedI.
y being converted into cash. Tn, s6S
200 90 musical instrument securities
were special class ol securities that
could only he properly collected hy :
SOMEONE fully understanding an the
has aud o0t OF the musical instrument
.mde, There were hundreds OF these h
'o'es payable ON the lnstalment plan q
ma now at ,he end of nearly two N
ears Il Is claimed such an expert )
ollector of musical instrument notes q
as been found and appointed by,
adse Boise and that plan will be nj
iyen a trial -,
Il can be readily seen that AIR Catch M
= manaser Of the largest bank In the n
alley and wellknown politician Al
onld not Wish 10 maize enemies for
mself or his bank by crowdlng the a
'lee'ion OF these notes for the cred. Of
'r'' and has not crowded their col. ri