Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-06-16
SCHETTLER CASE
DRAGGING SLOWLY.
Small Block of Unlisted Slock
Found 10 the Twcstleih
Ward Store
ABOUT PROPERTY TRANSFERS.
Relative, on the Witness stand Today
10 Expansion Of Certain Realty
Transactions,

Tho Suhotlpr case was up again thla
morning IN the court Of Referee IN
Bankruptcy Charles Baldwin For two
ouws witnesses were examined and
oroseoSamlnod In tho hope Of unenrlh-
Ink some NJ the hidden securities which
the creditors suspect have boon soorct'
I'd away and ono such security WA
apparently located The Morgan home
on * and Flflh streets which has
heretofore llvurcd prominently IN the
on0rs Of the bank was under cSon'
lnallon, ana u statement was made by
Mr. Morgan who Ia a fathcr.in law Of
Mr. Scholtlcr that he was not enjoying
a HE lease tu II from the SuhCltlorH
but was lls owner, and had never rolln.
quishcd title The property owned by
Ernest Schplilrr aud Il, Lostor Schets
tier Wus also under scrutiny both Of
the Fchottlor boys tostifylng mat the
property was not u GIT from their
father but mud been bought ana pald
for by them
FIRST WITNESS TODAY
The nrst Witness was Ernest Schcl.
tier who was questioned IN regard 10
property I'm the South salt Lake add.
ton William Glbhcy had previously
testified that M one time he held a see.
ond mortgage on THIS property ANA
upon moving 10 forcclosp, RChottlpr
had asked him not to do 20, and had
paid his claim sowing TINT ~ wished
The property 10 turn over 10 his aon M
u present Ernest Schottlcr testified,
however that he bought the property
from his lnlhor for about $500 which
he paid IN cuah,
NEVER ENErrTED DEED
Mr. Morgan, the ncNt witness, was
represented by AtlN " &, Edwards
llo said that he had mover executed II
deed IN his homo 10 Nh Schottler, that
he never gave "A mortgage 90 Svhotllcr
Tor H. that he never owed Schoitlor
81 oOO us had ben asserted by creditors
ana explained the status Of his proper.
~ IN the bank II had listed II with
Nuhoitloi to holl, Evhcltlcr 10 collect the
rents from II and with these pay the
taxes, dopositlng the balance 90 the
credit ~ Mr. Morgan Morgan wanted
~ huN from Schoitlcr a piece of land
w NH Crock district, ana should the
listed property hc sold Morgan was to
nav $1,000 from the sale price. for the
Mil crock property, This land Morgan
afterwards learned did not have o clear
TILE ana 30 he Withdrew his offer 10
my from Schcllcr
WARD STORE STOCK.
H. w. Murdoch Il eockholdor and
manager Of no Twentieth Ward Coop,
| tcrlllod ns 10 an asset of Mr.. Scholtlor
that had not been listed ana from
Whluh SChottlor had derived revenue
finto going into bankruptcy Tho AZ.
sel consisting Of seven shares of stock
In the Twentieth ward cooperative
store, which paid n seml.unnull diyI.
dond NJ $3.50 the last dividend having
hocn paid 10 Mr.. Schottlor December q,
1904 and another being now about 10
be declared. The par value Of the
stock h 81 share ana the market
value about 50, each share having
drawn q dividend Of 81 per year since
1905 The stock n nm original invest
menL dating back 10 the origin or the
store IN 1862 Tho witness read from
the stores stock book on page 81,
which showed that schettlor had been
paid every dividend declared,
TESTERS LOTS,
IS Lester Schettlor was placed on the
stand to testify as TO how he obtained
| two lots now registered IN his name,
and formerly connected with the bnnk,
| according 70 the books, lie testified
| that he bought the property from Jos,
hua whitney for $3.50, llo paid $500 IN
cash which was savings account de-
posllcd m his fathers bank and gave
| hlR note for the balance, the traDsac,
| ton occurring IN nccomher 1909
lie pledged the land az security for
The note, and from Ma savings pnld
lhie balance by August 1903 Tho deed
was deposited with hle father untIl II
WAS paid IN full lie testified that he
| had never worked In his fathers hank,
but that hIs deposit there WAS the re-,
| suit Of savings mado ~ an ompl0yo
OF the Rio OrAndo Western railway,
AZ the request Of Atty =, W Stow,
art who handled the case today for
the creditors, nm adjournment was
taken Al noon I'm Monday June, g.
n n probable that no moro wIuoeBts
| VIII be examined,
|