The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-12-19

Devlin and his subsidiary companies at
the federal building this morning:
Cyrus Leland, J. T. Hurley and Wal
ter Reeves were elected trustees of the
c. J. Devlin estate and five of his minor
concerns.
A committee was appointed and en-
powered to formulate a holding or trust
| company, or other form of liquidating
the entire DevIin matters.
The receivers issued a special report
showing that the operating departments
are making money.
Cyrus Lland, Of Topeka; J. 7. Hurley,
general manager of the Santa Fe Rail-
way company; Walter Reeves, of Streat-
or, Illinois, whose term as receivers of
the Charles J. Devlin estate just expired,
were this morning at the creditors meet
ing elected trustees OF the affairs of c.
]. Devlin personally. now in voluntary
bankruptcy. and of these several com
panies against which involuntary pro-
ceedings are pending: The Mount Carmel
Coal company, The Mount Carmel Mer-
camille company, the Devlin Coal COM
pany, the Devlin-MiIler Coal company,
the Crawford County Coal company.
The Marceline Coal company, the
/ Kansas City Coal and Coke company,
the Marceline Mercantile company, and
the Southwestern Fuel company were
| excepted from the trusteeShip of Mr..
Leland, Mr.. Hurley and Mr.. Reeves.
These cases are all involved in the w.
En- Thomas failure, and are under the
direction of J. G. Slonecker as referee,
and not n. H. LoOmis, who is referee of
| the majority of the cases. It was deem
ed best to keep all of these separate and
not mix up the two administrations
DR.. W. S. Wood of Kansas City, Mo-,
I rxrrl m 1at tod frvs CT of @
Marceline Coal company, the Maree-
Fline Mercantile company and the KAN
sas City Coal & Coke company. But
| the motion was froWned down, when
Major A. M. Harvey of Topeka sug-
! gested that the proper thing to do
would be to elect the present receiver
of the Thomas affairs, Frank A Lewis
Of Topeka, as trustee for all the
Thomas interests. A discussion was
started, and quelled, with motion to
1 adjourn the matter for disposition late
this afternOn. During the noon recess
it was anticipated that a combination
of some sort would be formed among
the interested lawyers and that but one
name would be presented when the
matter finally came up for settlement.
There was not a particle of friction
over the election of Mr.. Hurley, Mr.
Reeves and Mr.. Leland. George R.
Peck arose as soon as all of the claims
against C. J. Devlin, personally, were
filed and said: II am delegated by
those interested to ask the chair to
/ cast the entire vote of this assembly
for the present receivers for trustees.
This was done after a conference
among ourselves.
E. H Adams of Chicago seconded
the motion, and it was carried without
a dissenting vote.
give was left to the decision of the
referees, Mr.. LOOMS and Mr.. Sloneck-
er. 1t will probably be less than when
they were receivers, at which time they
gave bond in the sum of a quarter of
million of dollars.
The fling of claims this morning was
a very short affair and quickly disposed
Of This was due to the fact that many
of the creditors had sent their claims
to Referee Loomis by mail during the
past few weeks. Not more than nalI
hour was consumed in this part Of the
work No claims of extraordinary size
were presented.
In all of the cases, that of c. j. Dew
lin, personally, and the eight subsidiary
companies, close to 1000 claims have
been filed 1T would be a practical
irnpossibility to give a certain hgure
of any nature as to what they all
amount to- It would take an expert
accountant to do that said Referee
Ioonis. when asked about the matter.
..Be it resolved, That W H. HORNE
of Chicago, W. A. Wilson of Kansas
CITY. c. H Pattison of Kansas City,
Elijah Robinson of Kansas City and
Ed Carroll of Leavenworth be and
they are hereby appointed credltors
committee with full power to advise
and consult with the trustees with re-
spect to this estate and its administra-
ton and the disposition of the prop
erty thereof; also to devise and formu-
late a plan of reorganization or Iqul-
dation of this estate and to report the
same to the creditors for approval
"But nothing herein contained shai
be construed as conferring upon said
committee the power to waive, sur
render or compromise the rights or
claims of any creditor against the
bankrupt estate.
s'That the compensation and ex-
penses of said committee shall be paid
out of the bankrupt estate, the ae-
counts of such committee to be ap-
proved by the referee herein"
When the general business part OF
the meeting was called II. h ADAMS OF
Chicago presented the above resolution
and it at once caught the attention of
the creditors.
Preliminary to its introduction Mr..
Adams said: .At meeting of tWen-
tv-dve or thirty of the largest creditors
held at the Baltimore hotel in Kan
sas City yesterday, this resolution was
adopted unanimously. 1t carries the
idea of having this committee, con-
sistirg of some of the strongest men
interested, to constitute themselves
BODY to see if some plan of hquida-
ton of the entire Devlin affairs can
not be evolved. The meeting at KAN
sas City felt that it would be well
worth while to take such step and
that in this way a solution might be
arrived at more quickly and possibly
more satisfactorily
But little discussion ensued. further
than a few questions directed at MT
Adams concerning its purport Ref
cree Loomis put the matter to vote