The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1906-09-17

offer TO pay 50 cents in cash and 80
cents In stock Of some kind. but |
have never yet found a creditor 10
whom this proposition was actually
made. II such an offer had, In fact,
ever been made to the creditors, /
have been glad to accept IT, | have
! personally met many Of these credi.
| tors. and have never found one who
at any time would have declined an
offer of so cents in cash. ! am quite
] sure they would eagerly have accepted
! such a proposition, and would have
/ Willingly waived the 80 cents in stock
y few weeks after the bankruptcy
! proceedings were instituted a number
| or the larger creditors held a meeting
In Chicago and appointed a committee
| OF seven TO look after he interests of
the creditors generally. This commit
tee, Of course. has no official standing
in court, but 1t nevertheless. REPRESENT
| ed the claims Of those who had ac-
tnally handed ont to the f. Il. Creel
man Lumber & Mfg. Co over Is per
Gems OF he money which II received
Along with my attorneys | have met
with this committee several times. |
have advised with them about numer.
Gus matters. Had | refused to do so
would very property have been a
subject for criticism. These gentlemen
| am sure, only desire o promote The
interests of the creditors, and the at.
tack which the American Lumberman
made upon them Is absolutely without
any Justification This committee has
not held meeting since June, but if
they should hold another meeting and
desire that | be present, | certainly
shall be. They represent no coterie.
They represent themselves and all
other creditors VINO may be willing to
accept snch a plan as they may wcIk
out. do not know just what this plan
will be, or whether they will even be
able to outline any proposition that
will save for themselves and the other
creditors a part of the loss which is
now confronting them It was Ger
tainly bad enough for Creelman 10
take the money away from these |
creditors but why Defebaugh should |
now proceed to fay them is to one
cOnversant with the facts, past all
understanding. Perhaps. however.
nothing more should be expected of a
man who seems to have such p,.
euliar notion of the obligation he as
sumed when he became a director of
he Creelman company. If he. as di.
rector of the company, would spend
Is much time trying to save some
hing for his company's creditors as
he has spent in writing scurrilous az
icles about them, the result would
perhaps be better for him. for tho
american Iumberman and fer the
rediors. | put the creditors last be.
ause their interests seem to have
'een considered least of all by those
Who had the management of the com :
amy
The other somewhat vague threats
nd insinuations which appear In the :
american Lumbermans editorial con
erning my conduct as receiver and
rustee are ridiculous. am respon-
lble for my own acts. presume that
le American Lumberman and its
ditor are also responsible for theirs.
p to this time no creditor has taken
reception to what have done In
with the administration of },
lie estate. So far all the "holler" has =
me from Creelman or some of his
'sociates If at any time hereafter
ljection should be made to what | :
I'VE done, ! will be prepared to meet ..
and at the proper time and in The !,
oper place. u
Very truly yours, .
DAVID S. LANSDEN q