The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-10-11
THE WILSON BANKRUPTCY,

Some of those officially connected
with the ]. H. Wilson bankruptcy case
having been aggrieved at reflections
| which, by the way, the Advertiser
from oral information received did not
take to be particularly aimed at them
in the letter of Victimized Labor
er,' the statement printed below has
been obtained from official sources:
1.-The funds in the Wilson estate
amount to about $4,000, of which sum
$4,000 is in the % per cent warrants
which have been held up by the
Board of Supervisors of the County
of Kauai, and about $500 is for work
done by Wilson on the contract DUR
ing the months of January and Feb
ruary. The first sum has been held by
the county on account of the fact that
there was a clause in the contract by
which % per cent. of all sums due
should not be paid till after the COM
pietion of the contract.
Tin the month of February the work
was taken over by the county, as Will
son threw up his contract, and the
September, at a loss which is esti-
mated by them of $1,000 over the con-
tract price. The Supervisors claim
the right to deduct this amount from
the sum due the estate w. w.
Thayer, as trustee in bankruptcy, pro-
tests against this, claiming that the
Supervisors are amply protected by
the bonds which were given by the Pa
cific Surety Company and that they
have no right to deduct that or any
other sum from the payments which
are due. He has also asked that the
amount which is not in dispute, which
is in the neighborhood of $500, should
be paid over to him.
"A further complication in the mat
ter is caused by the fact that shortly
before going into bankruptcy Wilson
assigned all claims to the % per cent
warrants mentioned above, to three of
his creditors. Thayer contests the
validity Of such assignment, and the
creditors have been notified to this
effect. This is in itself enough to hold
up the payment of any moneys for
some time, pending necessary litiga- |
ton.
The only money which has been paid |
in to Trustee Thayer has been the sum |
of 800, which was realized from the |
sale of a pump. Thayer made a trip |
to Kauai and spent a week in investi- !
eating the matter, and two pumps, |
which were appraised at $50, were |
brought to this city for sale. The 800 /!
mentioned was received from the sale !
Of one of these, and $51 of this money /
mas been used to pay the expenses of
The trip to Kauai, $40 for the freight
On the pumps to this city, and $40
10 the auctioneer for advertisements,
tic. When it comes to wine dinners
md other matters of the kind the
Federal bankruptcy laws are strict in
'egard to what money shall be expend-
'nly expenses allowed are those for
preserving and administering the es-
ate
Referee in Bankruptcy Brock has
lever, as has been stated had any
hing to do with the Pacific Surety
Company. He visited Kauai once in
last, while in the Office of
Judd, Mott-Smith & Hemenway, as
he attorney for the Pacific Hardware
Company, who were Oh the bond for
Wilson, together with Lewis & Co. and
\. C. Dowsett. After that trip he was
appointed referee in bankruptcy, on
bout March %. Wilson was forced
nto bankruptcy on March 81. The
eferee in bankruptcy has nothing to
10 with the handling of the estate,
nd when asked in regard to the Will
on matter naturally referred the cred
tors to Trustee w. w. Thayer.
From all that can be learned, the
aborers viii eventually receive their
honey dollar for dollar, as they have
priority claim, but on account of the
ait that the estate is involved in so
much litigation through the various
laims made on it, they will have to
rait some little time for the settle
lent"