The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-07-29
THEY ARE READY.
Devlin Receivers Will Report on
Monday.
Cyrus Leland Says That It Will
Be Accurate.
FIND MANY SURPRISES,
New Resources and More Liabili-
ties Turning Up.
Mr. DeYlin COntemplates Trip
for His Health.

The receivers of the Devlin proper
ties will present a statement of the
assesfs and liabilities of Mr.. Devlin in
detail to the creditors at their meet
ing in Kansas City next Monday.
Cyrus Leland, one of the receivers,
said today: 1--WE are getting the
statement ready but cannot give any
thing cut at this time. We viii have
a fairly accurate account to present to
the creditors regarding the assets and
liabilities of Mr.. Deylin- Whether it
will be satisfactory or not that is for
them to decide, have secured state
ments from banks. trust companies
and others who had accounts with Mr..
Devlin. There are still a few. how
ever, that have not reported. I have
used every means at my disposal to get
them in. Where they promised to be
too slow for the mails, have tele-
gTaphed them and in other instances
have telephoned. cannot say any
thing about either the amount of the
assets or the liabilities of Mr.. Devlin.
| don't want to pose as a fool. and
that's the reason l don't want to say
anything. There are constantly new
debts and resources showing up that
we had no knowledge of before. In
a number of instances the parties have
a reason for not letting their relations
with Devlin be known because they
fear that it might hurt their credit
To publish the amount that they held
against Devlin would be to injure
them.
1.-THE coal mines and properties of
Mr.. Devlin are paying properties. The
real estate and bonds and stock which
Mr.. DeVlin held in various corpora
lions are the ones which are unprofit-
able. There's not much in it when you
are paying out more in the way of in
tefest and taxes than you are receiv-
ing. It's not drag but there is no
money in it with mortgaged real estate
like this city property that he has got
here"
General Manager J. f. Hurley of the
Santa Fe, who is one of the receivers,
had a conference with Mr.. Devlin last
night.
He spoke in a very cheerful vein,'
remarked Mr.. Hurley with reference
to Mr.. Devlin, land showed that his
mental ability was quick and apt. I
have had several conferences with him
and advised with him regarding the
management of his properties. He
has shown that his mind is in good
mettle. There is no need as far as
that goes of calling him in to advise
right along with the receivers. We are
capable of managing the business. I
can't tell you In what particulars his
advice was solicited.
1.-The railroad properties which Mr.. Dew
lin controlled will not be disposed of by
the receivers We will manage them as a
part OF the rest OF the other property ana
continue to do so until we are discharged
from the receiVershiD.''
One man who is close to Mr.. Devlin both
personally and socially, said:
IT believe that when Mr.. Devlin gets
back into his old condition that he can be
of vast benefit to the receivers. I believe
that when things come back to him as
of old he Will be of such material assist
anee that the receivers can accomplish in
day what is now being accomplished by
them IN a week
Mrs Deviin stated this noon that her
husband was contempla ting trip to some
point where he might be able to rest fully
and completely. She stated that no time
had been set and that even the place had
not been decided upon.
P J. Monaghan. who acts selling
agent for the surplus coal from the Deylin
coal mines in Kansas, stated today that
he had organized a company to be known
as the Southwestern Fuel and Coal COM
pany to handle this surplus. The new
company will supplant the old Southwest
ern Fuel company. A branch office has
been opened up in Kansas City. Mr.. Mon
Afghan is associated with no one else in the
promotion of the new organization.