The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-06
Failure Of Realty Firm
Shows IndeScrib-
able Tangle.
Liabilities May Reach AS
High AS $l78,-
900.
Some of Creditors Signed
Blank Notes for
Thomas R Martin.

Because a woman's faith in her
husband never wavered in the hour
of his accusation, there is a chance
that the business name of the firm
Of Martin Bros, local real estate
men and brokers, may be partly
saved. and that the name of Thomas
r. Martin, one of the brothers. NAV
be relieved of the cloud of suspicion
now about il.
It was Mrs. Thomas r. Martin who.
when her husband lay ill in a sanitarfum
IN Baltimore few days ago and his
creditors were clamoring for pavrnent.
went with an attorney from bank to
bank and from trust company to trGlst
company until she found a safe deposlt
box under the name of Thomas r.
Martin And now il is Mrs Martin who.
When receivers for the business Of Mar
IN Brothers have been appointed. main
tains that securities viii be found In the
box TO cover her husbands and the
hrni's Indebtedness.
The box cannot be opened until the
recaivers, who were appointed yester-
day afternoon, Guy H. Thompson and
Joseph D. Sullivan, apply to the court
Ior authority TO look into it.
Accounts All Mixed.
These receivers were named by Chief
Justice ciabaugh, of the District su-
p-eTne Court. Today they are in charge
Of the frsnis~eTfiees, at 1879 Pennsvl-
Vania avenue northwest They have.
so far, found the accounts OF the firm in
wonderful and inextricable confusion.
1t was Thomas r. Martin who handled
the loan part Of the business the last
few years. and it is this branch Of the
firms activities that they have found
so badly involved.
Unless securities are found in the safe
ueposit box or elsewhere, II viii be GER
tam mat Thomas r. Martin INDUCED in
a system of finance that recalls the
Waggaman failure, and that he made q
new record for the manipulation of deeds
OF trust and other negotiable papers-
The showing of the records found b.y
tne receivers, leaving out the probability
IN Z securities will be found in are
strong box. is as follows:
Three Estates Hard HIT,
The Watterson estate has been hit for
$4,000. without a thing in sight TO re-
cover on.
Two other estates were badly hit.
Thomas r. Martin took money from
people and gave them notes for il no
matter how small the sum they brought
him.
t4e paid interest on the notes up until
q few weeks ago.
The liabilities which at nresent can
only be guessed al, are vaFiously es- |
timated at from 800. 600 TO Sis 900.
30 Iar, no one, neither the receivers /
nor the Martin family, has been able to /
urFsfE1
THOMAS r Martin did with the money
Ihey FOUND no evidence OF pIavinsy the
STOCK market. nor have they secured any |
egldence 20 point 20 high living
AIRS Thomas r. Martin has fFnpIicit /
1alth that the securities to make the /
losses good viii be found. The c0uple j
Win their daughter. lived well, al /
s-,s3Is siaouSh 20. not extraYag6atlY, al their /
hoiie' 4too PARK road northwest
Martin at Baltimore.
According TO the attorney for the Mar
tin brothers. A =. L. LeckIe. Thomas
r Martin is now IN IN a sanitariun in
Baltimore. By his family he IS de-
scrlbed as being greatly broken down in
health and suffering from nervousness
The affairs in connection with the ra-
eelvershiD are being conducted on the
ground that Thomas r. Martin Is nor
well enough to perform work or bust
ness.
Ihe appointment of the receivers. the
action that brought the affairs ~ the
concern TO a crisis, was based on a hin
n equity nied by Lee R Martin, one Of
ne nrm. against his brother, Thomas r
sdaruh' 70 have the partnership dis
solved and an accounting made - -
imairs Of the firm u INC
IN the bill Lee Martin makes the foi-