The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-07-31
DEVLIN REPORTS.
Creditors Hear About Their
Prospects Today.
Receivers Attend the Kansas
City Meeting.

Kansas City, July 31.-A meeting of
the creditors of Charles J. Devlin, the
former millionaire coal operator. was
held here today. There was no action
that the creditors could take, except to
hear a report, in part from the receivers
and to discuss possible methods of real
izing rapidly on the property.
About the time the receivers were ap-
pointed, a call for this meeting was is
sued by one of the men who were anxi-
Gus to save the property from being
scattered. All three of the receivers
were presented at this meeting. The
three receivers have their appointments
in such shape that the Kansas receivers
are recognized in Illinois and the ILL
nois receivers in Kansas, and while ap-
pointed separately, they really from one
board of receivers.
Most of those attending the meeting
are lawyers, attorneys for banks, trust
companies, brokers or others, from
whom Mr.. Devlin borrowed money.
George r. Peck, general counsel for the
Chicago, Milwaukee and ST. Paul is one
of the lawyers interested in his own be-
half. Mr.. Peck was interested in some
of Mr.. Devlin's enterprises.
Judge Horning of Chicago who presid-
ed at today's meeting represented sew
eral Chicago interests, some of them
large.
W. H. Rossington, J. w. Gleed, D.
w. H. Davis, Harry Garvey and j. H.
| Mcfarland were among the Topeka
men who attended the meeting. Alex
ander New, D. B. Holmes, I. P. Ry-
land, Clifford Histed and ]. H. Hark-
less were present, representing Kansas
City interests. Edward Carroll of
| Leavenworth and Mayor Price of
Pittsburg represented interests in the
Kansas mining districts that were af-
fected by the Dev1in failure.
/
The above dispatch from Kansas City
fails to give any report of any definite
| action on the part of the creditors
| with reference to the future manage
ment of the properties turned over by
Mr.. DeVlin for their benefit. The
| creditors in Topeka expressed them
selves on several different occasions in
favor of taking some definite action at
this meeting toward securing the ap-
pointment of trustees to manage the
| properties and the discharge by the
court of the receivers. 1t seems that
the meeting has not resulted in any
| preconcerted action and that the re-
port was simply presented and read by
| the receivers.
| This report offered the first correct
| statement of the assets and liabilities
of Mr.. Devlin that has been made
| known to the creditors. The report Is
not made public from the fact that a
number of creditors. banks and trust
companies are involved for larger
amounts than they care to make
known; others, too, are given credit
for not being involved at all, which is
not true. To guard against these re-
ports creeping out and injuring them
in a, business way, it was decided not
to make the report public beyond
those in attendance upon the meet
ing.
Mr.. Sam Radges, chairman of the
executive committee of the depositors
of the First National, stated this noon
that no definite action was expected
from the meeting other than merely
simply listening to the prepared re-
| mort