The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1905-04-13
Attorney for Walter E. Christian
]. Threatens Injunction in the
United States Court
WOULD STOP SALE OF PLANT
Christian is Adjadicated Bankrupt
and First Meeting of Creditors
Will be Held on April
FL in Milwaukee.

One of the biggest legal fights ever
known in Kenosha is on and the prize
at stake is the possession of the assets
of the Walter E. Christian company.
Sheriff Vietch had advertised the
plant of the company to be sold at
sherif's sale on Saturday morning
and this afternoon Chester D. Barnes
the attorney for Christian threat
ened to ask United States Judge
Seaman in Milwaukee for the issue of
an injunction to enjoin the sheriff
from carry out his plan of selling the
machinery. In the meantime attach
ments are being filed against the plant
and the whole is in a legal tang1e
such as has never been seen in con-
nection with the settlement of SO
small matter. When this statement
was made this afternoon the owners
of the chatte1 mortgages by their at
torneys decided to call the sale off for
the present, and allow the matter to
take the usual course in the bank
ruptcy court.
Christian yesterday afternoon was
adjudicated a bankrupt by Judge
Seamm in the Federal court in Mil
waukee and Referee in Bankruptcy
Maxwell has served notice that the
first meeting of the creditors will be
held at his Office on April q. In the
meantime the creditors will make an
effort to have the property held intact
for the benefit of the creditors.
The voluntary petition in bank
ruptcy was made under the firm name
of 'sWa1ter E. Christian sole trader
Of the company doing business under
the name of Walter E. Christian &
company" The schedule of 1iabili-
ties shows that Christian owes in the
neighborhood of SIS, 900, while his as
sets are placed at about SIS, 100. In
the schedule both the personal and
company are included SO that there
will be grand clean up of all of
them. In making the schedule the
attorney has included the money that
has been garnisheed and paid out, and
it is possible that the trustee as soon
as he is appointed will begin suit to
collect this money that has been paid
over to general creditors. 1t is al
legged that there are a number of ser
cured creditors and that these men
will get the first hit at the plants aud
other assets and the general creditors
will be forced to take the balance.
One of the attorneys in the case ex-
pressed the opinion that the company
would not be solvent, that it would be
impossible to pay dollar for dollar.
No full list of the assets of the COM,
pany has been given out but the list
includes open accounts now due to
the amount of about 1000, the ma.
chinery in the plant which is valued.
at So, 500, and paid up surrender
|of an insurance policy valued at
F$1, $50. s
10 In speaking of the assets it should
be understood that portion of the so-
called open accounts have been paid
out by orders of justices of the peace
in satisfaction of garnishee suits but
all of this money will have to be re-
paid to the trustee in bankruptcy as
able that the men who have secured
these garnishee judgments will have
to stand the costs of the suits and
then share with the general creditors
It now looks as if there would be
litigation lasting many months before
the result of Christians vacation is
settled.