The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-06-13
PROTESTS 0VERRULE0
Referee IN Bankruptcy Charles Bald
win Approves Of Certain Schet-
tier Realty Sales.

The Schettier matter had another
airing yesterday before Referee III
Bankruptcy Charles Baldwin The
point at issue during the morning and
afternoon sessions was as to whether
or no Mr. Blakely had exercised the
rights of his office for the best inter
ests of the depOsitoTs in the matter of
diSpOSing Of certain pieces of real estate
which have figured among the assets
OF the defunCt banker.
. Andrew Grundf0r. one of the heavI-
est of the creditors of Schettler, main
tanned that a better price could have
been obtained for some Of the realty,
and he said that he was willing to pay
S1G0 more for one parcel that sold to
Mrs. Amelia K. Dale, than was ac-
Cepted by the trustee.
No examination Of Schettler or of the
members Of his family, who have
figured thus far in the proceedings. was
attempted At the meeting held Mon
day. June ,. Mr.. Baldwin cautioned the
trustee and told him that he must not
ConSummate d sale without the consent
of the bankruptcy court. Because of
that warning the transfer of the land
and house thereon on Church street to
Mrs. Dale was not completed and the
matter was further considered at yes
tCTday's examination
Mr. BIakely said that the sale price
for this property was equal TO the
figure of the appTalSement and he
thought that he was justified in making
the sale In his request for d cOufirma-
tiOn of the safe the trustee stated that
the house on the premises was occupied
by three families. all of whom threat
ened To move unless repairs were made
Immediately He said that Mrs Dale
had consented 10 make those repairs,
providing that she could be guaranteed
her rights as purchaser He die not
think that the best interests Of the
creditors would De served by having
the repairs made and then charging
them To the estate
The bid OF Mrs Dale. the trustee
said. was made in writing and exceeded
another bid By nearly $500. He also
said that AIr- GrUndfor had received
notification i'm advance together with
other parties in interest, that the prop
erty was for sale, and claimed that il
was hardly faiT To set No q contention
after the matter had been practically
settled MI BlaktIy also said that he
had sold 70 y J. SandbeTg an old
abandoned house In Garden City for
SIS This house he described as de-
serted. without windows or doors. and
at present used as a shelter for tramps
and stray cattle. Property ut 30 South
Fifth East street. the trustee reported
as having been sold To John Weir for
SS.50G. though the appraised value was
put al S2-Ioe- Property AT go Second
street was reported as having been sold
10 T ". Sloan for $500. that figure
being equal to the appraisal. The total
Of these sales amounted 10 $S.01J. and
at the afternoon session they were ap-
proved by Referee Baldwin after Mr.
Grundfor and two others had expressed
their discomfort at the prices obtained.
The next hearing viii be held at 10
O'Clock Friday morning, at which hour
another effort will be made TO try to
locate some Of the alleged sequestered
property OF the late banker Many Of
the depOsitors are becoming uneasy
over the failure of the trustee to de-
clare a dividend and they say that
if matters run along in the present
way most of the assets viii disappear
in the charges consequent on the Etiga-
ton.