Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-05-06
FULL TEXT or THE AGREEMENT
prevId for the Withdrawal OF Civil
Suits and Turning Over OF
Banks Assets.
INCLUDES s. TEMPLE RESIDENCE.


What Ia considered by many to be tho
largest compromise yet effected In Utah
was made today when the creditors Of
oNsBankcr h. H. Schottlcr voted to
withdraw their clvil suits against him,
stop tho searching investigation which
has been gong on ~ to his private
HE, and elgn over all claims against
his bank IN consideration for his
turning over to them all the banks as.
sets and the South Temple street home,
now the property of his wife Mary
Morgan Schcttlor, and claimed by the
creditors to properly belong to tho
bank,
Tho compromise was reached after
weeks OF preliminary work ON the pnrt
OF Measrs Stewart and stewart, and
committee of depostors ON the ono
SIDE ana the schettlcr family, and
their counsel, senator Jos, H. Raw.
Inns on tho other When finally sub.
united for vote this morning two
changes were made al tho request OF
The creditors, one was the insertion OF
the word Homestead" AZ designating
the class OF rights Mary Morgan
Schetner promised 70 release IN tho
bankrupt's estato--thus rosorying for
her her rights to personal ana house.
hold property, ana the other the s,rlk.
NIX out of n clause rcscrving to Mary
Norman schcl,lcr exemption from lIa-
blllty TO the bank for any other prop.
orty than that listed ns exempt, This
latter clause the creditors feared might
cover assets Of the bank supposed 10
be hidden away 0nd concealed, that
sometime might be discovered
ONE CONTRARY VOTE.
There was only ono contrary vote 20
the accepting Of the compromise That
was cast by Christian Larson, who
hnd not been present 40 The prelm-
mary discussions and who arrived NJ
ter the explanations had been made as
10 what the compromise covered,
SENATOR RAWLINs EXPLAINS.
The meeting Of creditors was called
to order at 10 q, M by Referee Bald
win who stated ~ purpose 10 the do
posltors present lie then called upon
Trustee IN Bankruptcy Gould H. Blake
~ TO read the compromise submitted by
Senator Rnwlns After II had been
read senator Rawlns was called upon
Ia explain It's features, ana TO answer
guestlons Of creditors After this In.
formal discussion the vote waa called
FOR.
VOTE ALMOST UNANIMOUS,
Az the names were called tho follow.
Ing voted aye Mrs, ", NJ shoe.
bridge, Mrs, NJ lG, konlnold, Mrs, Mel,
Vlnn kimbnll Geo calder Thot
Adnms jas doll Peter Hansen. Jacob
Run, Amelia Dale, David Hirsoho. c.
Miller Mre, Tllio sutherland, aud
Mrs Margaret James Mrs Christine
Larson voted mo- stating that YhC
would rather lose an thpn
take less man 90 per cent.
win u lelnQulshmcut Of tbs
right TO fight schc,tl@ In the courts.
The committee, consisting OF Mrs Dale
Potter Hansen Mr. Bell and Mr., Hall
voted BY proxy the clnims Of many
creditors who were not present
MRS sCIlETTLER ACTED FREELY,
II viii he recalled by readers NJ tho
''Nowa' That when the Nohcltlor cAs0
first came a. The notice OF the public,
Mrs, Mary MORGAN Sohcitl1r stated I'M
nm interview that sho wanted 10 give
u portion Of her home 10 the relief OF
wv 'l'Nll'Ifi wv 'ONl n'l leNNl flFnlh
TO ms homo were un0Aanilahle, and
that II necessary shn would rght a.
prove this point I'M tho courts when
no cloud WAS removed eho stated thnt
she would give a largo portion OF tho
sale price 10 her husbands creditors,
and the present compromise In along tina
ines or her first suggestion,
" IN stated by mon who have been
active IN arranging tho compromise
that her legal adviser h0N always main.
tanned That her tito was secure, aud
mot sho makes thle mOyo Of her own
yolltlon, and without pressure from
her family The property which the
'redlos Alo 10 turn over 10 Mrs.
Schotllar Us now among the property
In court and ndiolne the residence or
ono Of her sona II IN valued at $500
by Receiver Anderson, ana IN cstimat.
n now 10 ba worth $1,000, In addition
10 this Mrs Schcttlcr receives 81 zoo
In cash, and tho creditor, pay tho inN.
IA FOR 1908 and 1905 ON tho properly
INVESTIGATION WILL GO ON
y II Sohottlor II was announced
his morning VIII not 70 ON tho stand
lFoln bnt ON Monday May 90, nj 10
l'clnck other members Of tho family
lni llecolNor Anderson VIII bo further
TEXT or AGREEMENT.
This agreement made this tlh day 81
May A. y, 1908, between Gould u,
I'lakely trustee IN bankruptcy, duly
qualified and acting NV such
y said proceedings, aud n, H. Schottler
Mary Morgan Fohcttlfr q, Herman
SchcttlcG Florence A, RchNttcr ana
Emily Davis Sch'ttlor witnoeaothl
That wnerols, eail trustees claims
o. ono ~, block twolyc O?) plat 49,"
Salt Lake Guy survey situated IN tho
ny ana County Of SAT- Lake, state OF
Utah, az part OF the assets ana prom.
'Ny Of the snid bankrupt which claim
n denied Ny tho said Mary Morgan
who claims 10 ba the owner
" said lot ana
whereas sHlt involving pald con.
royorsy N pending In tho Third dis.
ricl court OF the state of Utah, IN and
or salt Lake county, and,
Whereas me said trustee clalma tho
olowlns described property, situated
y Salt Lake CITY and county state
\ UtNh' commencing ut tho northeast
Orncr OF lot one a., block alyty.nMe