The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-06-17
Charles M.SheldOn, al Well Known
Kansan, in Trouble.
Places His Liabilities at S3I2.-
1882 and Assets at $500.
CREDITORS TO MEET.
The Petition Shows a List of
Ninety-five Creditors.
The Claims Are for Money BOr-
rOWed for Investment.

Kansas City, Ken, June I'm ac-
cold dance with a petition Which set
forth liabilities to the extent of s3I2,-
57s52, with no assets to meet these ex-
cept wearing apparel valued at $500
Charles NJ. Sheldon, president of the C.
M Sheldon company, a brokerage firm,
and formerly secretary of the Kansas
state senate for two terms, was yester-
day adjudged a bankrupt by L. o. Car
ter, referee in bankruptcy. A meeting
OF the creditors is called by Mr.. Carter
Tor June g. at 10 o'clock a. m, in the
law offices OF Dali & Carter, for the
purpose Of adjusting their claims, and
preparing to make an investigation as
to the accuracy of the facts alleged in
the petition.
The petition in bankruptcy names
list of IS creditors. They are mostly
banks and trust com panies, with a few
private individuals. and are scattered
over the United States. The amounts
OF the claims range from 500 to over
$1,000 in one case, a large number Of
them being for $1,000 and $4,000 each.
This is said to represent money Dor
rOwed by Mr.. Sheldon during the past
few years. At one time a year or more
ago, he was reputed to have made
large sum IN mining stock and mines in
which he was interested. In the state
ment of the assets, Mr.. Sheldon makes
AFFIDAVIT as to his worldly possessions
as lOlOWS.
Real estate. none: a contingent in
terest in the profits, if there should be
any, Of the C. NJ. Sheldon company. the
value OF which is now not ascertain
able, wearing apparel $780,
MIR. Sheldon has been connected with
Kansas politics for number of years
and is quite well known throughout the
state, having served, as above stated, as
clerk OF the senate for two consecutive
terms. He has for a few years lived at
81 Everett avenue, this city, where he
has fitted up one of the finest homes in
the city On the morning of February
u last, when the thermometer register
ed IA degrees below zero the house
caught fire from the furnace and the
occupants barely escaped with their
lives. The property loss in the fire was
estimated at between $4,000 and So 900.
Among the articles lost were a numbe
of pieces of bric-a-brac gathered by
Mr.. Sheldon and his family from all
parts of the world. An oil painting of
Mr.. Sheldon. said to be valued at 81 O00,
was destroyed in the fire.
The petition in bankruptcy states that
on February p the petitioner trans
ferred to his deceased Wife's mother,
Mrs. MaTiOry NJ. Taylor. who has been
assisting him in caring for his three
children, all his interest in money due
from insurance on the property destroy
ed by the fire. and also The land on
which the home was located, the same
being exempt as homestead under the
state laws.
The C. NJ. Sheldon company makes a
business of financing corporations. Mr.
Sheldon was formerly a newspaper cor
respondent at Topeka He has three
children-two sons and one daughter
For the mast few months the family has
been living at 235S TrOOst avenue, KAN
sas City Mo.