The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1905-09-27
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IN 3O

in L.lUUpIl- :.
Parkers6nFg, XaSept. ~
HaryeY Broadwater, prominent
cattle man, of Tyler county, was
rested here yesterday by BraNton
county authorities on the charge ot
5obtaining goods on false pretenses-
! The SgaFTant. on which he was arrest
ed was issued by a Braxton county
mag rate and was we'd on Broad
water N This city Yesterday morning.
1T bid been at the of g ~ ~.
fsSnodg rasss and Char ourn, BEsles
ton county faIIle From wlioEat
Broadwater pure laset cattle, and to
whom he, had given checks in re-
turn liiclfE !Were later protested.
The case Is. a most peculiar one
Broadwater is a big cattle dealer and
has been doing business through a
Pennsboro bank He recently
bought cattle to the value of several
thousand dollars in Braxton, Gill
lmer and Calhoun counties. He
gave checks on his bank at Penns-
bOro in payment and the cattle were
delivered to him. S
To provide for the payment of the
checks, so he declares, he sent a
draft. from Baltimore for seven
thousand dollars to the banking in
stitution. The draft had been sent
him from the east in payment for a
previous consignment of stock.
1t apears that he had other OBJ
legations at the bank, and that in
stead of placing the money to his
checking account the bank applied.
the draft to his obligations, and!
when the cattle checks were received
by the bank they: were promptly pro-
tested.
TIL cattlemen failing to get their
money attempted to stop the deliv-
cry of the cattle, but most of them
had been shipped.
In the meantime Breadwater
found that he was being hard press
ed and he came to this city and fled
voluntary petition in bankruptcy:
He gave his liabilities as $sss4, 702.12 2.
and his asets as $40, 263.5O. This
was last Friday.
Some of the farmers were enragcci
when they learned that through his
failure they would only secure a
small amount of the purchase price
of the cattle, and the two above men
toned brought immediate action on
the criminal side.
The first creditors meeting will
be held on Oct T. In the meantime
there may be developments in the
criminal charge in Braxton county
It is said that his counsel, Judge
Dupuy, Will attempt to have hiru re-
leased on a writ of habeas corpus,
which will be petitioned for in Unit
ed States court. The ground will
be set up that .he-had no intention
TO 1efraud the cattle owners, and.
that he. had sent money to the bank
to NEE the checks he issued. lie
declares that the banks have always
honord his checks.
TIE Pennsboro bank will be held
responsible for the $4,000 draft:
This will be regarded as part OF
the assets as all transactions closed
within four months of the time OF.
going into bankruptcy are by law set
at naaght. The Pennsboro bank,
The preferred creditor in this case,
applied the draft to debt only few
DAYS before the bankrupt proceed
ings were begun. j,
From what canabe learned Broad
water took the bankruptcy law Mt
once in order to protect the men
from whom he had purchased cattle,
and to prevent the Pennsboro bank
from. becoming preferred creditor.
AS the mater stands the cattle own
ers viii get their pro rata OF the
50 900 draft.
A. G. Mathews, president OF the
| (frantsville bank, and a number OF
Calhoun county cattlemen were in
the city Last night with reference to
the matter.