The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-04-20
THEY DROP BACK.
DeFlin Trustees Report Shows
a Deficit.
Mr. Leland Points Out 1t Is Not
Real One.
THEY HAD TO FIX UP.
Money Was Expended in Better
ment Of Properties.
Has Had Trouble to Get Business
Systematized.
THEY HAD TO FIX UP.

The final report Of the receivers Of
the C. J. Devlin estate, covering the
period of their receivership from July
s. 1905. the time of their appointment,
10 December 81, 1905, when they were
discharged as receivers and qualified as
trustees. was filed today by Cyrus Lee
land, one Of the receivers, with n. H.
LOOMS. special referee in bankruptcy.
Though there is an apparent deficit
of S23.622.45 in the operation of the
various companies under the period of
the receiVership, Cyrus Leland states
that In reality no deficit exists, that the
surplus was expended in bettermentS
Of the properties.
There was no deficit said Mr.. Le-
land. "A large amount of money, I
can not estimate it. was spent in inn
proVements on the properties The
mines were operated at a profit. but
we put in a lot of money in fixing up
the mines in installing pumps and
other things. There was no system in
the way Devlin handled the business
1t was a most difficult thing to get this
report together for there was scarcely
anything to be guided by. Devlin had
scarcely any system whatever.
1.-THE amount of profits can be hgur-
ed by going through the detailed re-
ports, Every mine shows that it pro-
duced more coal than it cost to oper-
ate If. We viii have to continue to
have to be so extensive as the proper
ties are now In good condition.
The receipts for the period were ST.
025 1913 while the disbursements were
81, o46. 764-5s. To make the total $7s'-
600 Of receivers certificates which have
been issued are added to the receipts
while there is S55, S77. 55 cash on hand
to onset these certificates
The total figures, as will be need in
the summary. are S1102, 1913. Notices
to oft
ors Of the Devlin estate from the office
of N Fl. Leomis notifying them Of the
report which has been filed and giving
them until May to file any objections
If they SO desire.
The report is given in detail for each
company and then summary IS given
The entire report covers several hun
dred Of typewriter pages
The summary as hled by Receivers
Cyrus Leland, jr., Walter Reeves and
j. Z. Hurley follows:
Estate of Charles J.
BsyifR mine. g 3ss s55s ia &
Crawford CO. Coal
Crawford rsS''i Go. Light. ''Y.'- t-'''
Ri S9E.S S.. 81. . s ls sGss
fGalena. Frontenac &
Nov r. R. Co. in
Mt. Carmel Coal Co. sS.105.77 7s7. O01 %
Mt. Carmel Mer. Co. 100375.94 IS 054 35
x. c. Coal and Coke.
Co. .....- ...-.-...... 27512.O3 2,797.14
Marceline Coal CO.. 24129 % sol. rs
Marcel1ne Mer- Co.. 20913.25 d 526. p
s1.023142.l3 81, 046. 30. IS
Receivership expenses disbursed from
Topeka office chargeable to properties
handled from receivers office, Streator,
H.
Disbursements.
Devlin Coal Co. .....-- ...........$ 46S.H
Toluca Electric Light & Gas Co 20.04
Toiuca Mercantile Co. .........- 1858
Total disbursements -....... s, o4s. 7s4 s.
Receivers certificates outstanding at
Dec 81. 1g05.-........s 100000 ......
Balance. including
moneys in agents
hands -..- .-..--.--. -.-....... s 55,577. So
Total 49,. ....... 81. 102 142.13 81, 102 142 ID