The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1905-04-28

schedule and lists Of assets, as vel
az some Of the names OF the com
panies. are inaccurate. II was com
piled from the recollections Of MI
Bigelow, as he had no books or mem
oranda at his house apparently, iron
which definite figures could be oD.
taised. cannot youeh for the &C.
Ecuracy OF the schedule Of liabilities
as IT is possible that more win bs
found. However, / am convinced that
Mr.. Bigeiow gave me the best infor-
nation he had at hand, and that this
was the best he could do In the short
space OF time at our disposal"
Among the assets listed in. the sched-
uie are some which were turned over
to the First National bank. but which
win now be distributed among all the
creditors according to. the decision Of
the referee in bankruptcy. The action
Is In no way unfriendly to the First
National bank, but was taken merely
because It was seen that other cred
itors Of Mr.. Bigelow who were un-
known to the First National bank Of
ficials on Monday would undoubtedly
have taken some step to prevent the
preference OF creditors. Consequently
when the announcement was made
that Mr.. Blgelow had turned over his
most tangible assets to the bank the
officials were In ignorance that he had
other Indebtedness of such large
amount.
The news Of Mr. Bigeiow's obliga-
tions to other banks in the United
States and that trust funds of estates
has been used unfairly,took the breath
way Of some Of the officials Of the
First National bank, who had hither-
TO been 10th to believe the rumors
that the former president had been
obtaining money from outside sources. |
fact that the petition in bankruptcy !
was to be filed they did not know of
the items which 1t contained.
The verifcation of the report that
The Broadhead estate had been the
oser to the extent Of 100000 through
Mr.. Bigelow is contained in the petit
ion in bankruptcy. as Mr.. Bigelow
,onfesses to have used this amount OF
he estates funds. An investigation
" the affairs Of the estate will be con-
lucted to ascertain IL any more OF the
unds have been used by Mr.. Bigelow.
Tohn C. Broadhead of Kingston, NJ
Z. one OF the beneficiaries in he estate,
viii arrive here Friday night to look
fter his interests.
Mr.. Bigelow in speaking Of the
Sroadhead estate before the filing OF
he petition in bankruptcy. admitted
hat he was indebted to the estate.
'It is true that the estate was
alued at about sl,00O,0OO. but all the
'ersonal property was divided some
Ime ago." he said Il am indebted to
be estate. but nothing like the
mounts that have been rumored. III
we the estate about 500, 900. I
S soon as Mr., Broadheaj comes '
hall try to arrange with him to pay
ack the amount. l will also retire $
J trustee" a
The Henry c. Payne estate is abso> c
tely intact. according to George P. B
iller. 1t amounted to 100000, but c
either executor of the estate could n
ansact business without the sanction Z
the other. p
The fling of the voluntary petition
bankruptcy was not decided upon c.
It'll yesterday when Attorney Spooner o.
rs hirriedly summoned to go to Mr.. "
gelow's house to obtain necessary "
cts to enable him to prepare the Il
tition. The filing of the petition is
Is desired by Mr.. Bigelow himself. 1t
he had objections to being forced bl
10 involuntary bankruptcy through e'
} act of some unfriendly creditor, bl
hough the result in either case ia