The news-democrat. (Providence, R.I.) 1906-1909, 1907-07-22
Home Realty Co. Creditors
To Petition Bankruptcy
On Suit Brought by Atlantic National Bank Writ Of Arrest Was
Served on Col. eoh While Hs Was III in Bed Was Not
Shocked al tho Actlon-BalI Promptly Furnished for
$4,000. Words For Tho Csone Spoken by Fred
NiCk {. Shaw.

There were two sensational develop
ments today in the involved affairs OF the
Home Realty company.
One was the decision OF the creditors
committee to petition the concern into
bankruptcy, the other the arrest OF Col.
Isaac L. Goff, in bed at his home, corner
OF Broad street and Washington avenue.
Washington Park. on civil suit brought
by the Atlantic National bank. which
claims that he obtained a loan by de-
ceit. He was not removed from the
house. bail being promptly furnished.
The creditors. who will probably petit
ton the United States district court 10
adjudge the company bankrupt, and the
amounts OF their claims, are as follows'
The l.. II. Tillnghast Supply Co.'S Ils ss
l. Vaughan Co... ................. !5s.iS
The Congdon- Carpenter Co... l7o.so
Total ............ .siOss. 81
The writ in the civil suit is returnable
Sept. 2. While there was no particular
hurry about II. said Attorney Muroock
today the courts vacation season now
being on. still IT was considered desirable
TO act in due season.
The application will probably be made
next Wednesday morning to declare the
Home Realty company bankrupt.
CREDITORS COMMITTEE MEETS.
The decision TO institute bankruptcy
proceedings as speedily as possible was was
reached at meeting OF the committee
representing the creditors held at 10
O'clock this morning. in the office OF John
s. Murdock OF Tillinghast & Murdock'
All The members Of the committee were
prNsent and the affairs OF the company
from the creditors STANDPOINT, wir were I
cussed in the fullest detaii, cohsuo'"
the light at command.
Ii was finally decided that the pest pos
sible step. now that an asslgnmehi nS
been made. will be 70 Institute pam :.
ruptcy proceedings. In this course, -
believed. the creditors committee Will not
encounter any opposition from tne OH
GERS of the Home Realty company, hi W.,
nm IN this time have shown iauoaple
desire 70 assist the creditors committee
In every possible way. -
Rut ever, n there Is opposition the COM
mittee believes that Judge Arthur IL
Brown OF the United states oistrict cou'e
will not hesitate, after he hears the case
thev can present to him. to grant the de-
cree desired. inasmuch as IL Is the only
,ossihle pyay in which the requisite igiht
can be shed upon transactions wnich can
NOT now be understood by those VINO are
seeking to realize something from ths
wreck. M,
cussed the question in all its raminca-
tions this morning Mr.. John s. MurdocK,
who was delegated to say Whatever was
desired for publication. told the waiting
newspaper men that. while II was not GER
tain that application would be mace nexe
pany bankrupt. that course, In all prooa-
bility, would be taken.
COL GOFF'S ARREST.
The second development OF the day In
which considerable interest will be taken
by friends of Col. Isaac l.. Con and those
who are disposed to hold him responsible
for transactions by which they may have
lost money, was the service upon him at
his home. washington park. at $3.50 this
morning of the writ OF arrest In the civil
suit for $4,000 brought In behalf OF the
Atlantic National bank. which claims de-
ceit.
DR. Kimball. the colonels family physi-
clan. and Gen. Charles A. Wilson, close
personal friend. were present In the sick
chamber when Deputy Sheriff Healey read
the writ The colonel was In bed, but
was not shocked at the news which had
been broken TO him some time before as
gently as possible.
Discussing the service of the writ, Gen.
Wilson, who spoke with considerable feel
ing because OF his long friendship and ad-
miration for the colonel, said: "All there
was to II was that the writ, which was
issued at the instance of the bank which
claimed deceit was taken 10 Col. Goff's
house this morning by a deputy sheriff
and served Bail was Furnished by Fred
erick r. Shaw. / do not know whether
Mr.. Shaw is the owner Of Col. Goff's
East Greenwich farm or not, but think
he bought II.
GOOD WORDS FOR COL. GOFF.
ct cannot understand why so much Is
being said at this time. before there is any
proof of wrongdoing on Col Cons part.
why do not the newspapers say some
thing good about him. Why don't they
call attention 20 the fact that he has
brought more than n million dollars into
this city7
Now ne Is down: he has simply failed.
but he's a good fellow and Is entitled TO
hearing before he is Judged or con-
demned by anybody.
"Col Goff has lived here all his life.