The Washington times., 1907-03-16
Forced Into Surrender
by Hammering Stocks
Received in Wall
Street.
Post & Flagg, of New
York, Heaviest Losing
Creditors by the
Crash.


million dollars, with only S35, 600 assets,
a condition brought about by the recent
Wall street panic. Walter Hieston. stock
broker, OF l43O F street. filed a petition
in voluntary bankruptcy this morning
IN the District Supreme Court. Wash
inston business men, with one excep-
ton. are named as the largest creditors.
Hieston's entire Indebtedness. amounting
10 S6Z3, 600. Post & FIagg, Of New York
city, who have an Office here. are the
greatest sufferers, according 70 HES
tons schedule.
Furry Ruined Him.
Attorney c. Albert White. who filed
the petition, when asked for state
ment Of the case, said.
The long continued drop in prices on
the New York stock exchange and The
almost unprecedented slump in the val
ue Of securities which occurred this
week on the market are responsible for
Mr.. Hieston taking the step he did to-
day \ petition I'm bankruptcy was the
only course left open 10 him In order
TO protect his creditors interest"
This was al Attorney White cared 10
say.
Hieston's Assets.
The value Of his assets. which Mr..
Hieston says aggregate $500. comprise
Eis interest in the real estate firm Of
WescOtt. Wilcox * Hieston. 81. coo: his
seat on The Washington Stock Exchange.
$1,000, and an automobile. valued al
500.
Justice Barnard. acting on the petit
ton. referred it TO w. NJ Hallum, ref
cree in bankruptcy.
According to the petition the largest
creditor is Post & Flagg, Of New York.
who are in for $25O0O0 secured by 928
shares Of Traders National Bank stock.
lGO shares of Mergenthaler stock. and
1900 shares of Mitchell Mining Com
pany stock, all valued at $4,000.
List of Creditors.
Other secured creditors, the amount
of indebtedness and the nature of the
securities held follow:
r. II. Lynn. Of this city. 10000, 5000
shares Of Mitchell Mining stock.
George Mitchell. of New York. $4,000
secured by interest in stocks Jointly with
the bankrupt,
secured by Mitchell Mining stock.
r. s. Randall. Of this city, $4,000, Sc
cured by stocks and bonds.
J. T. Hendricks. of this city. $4,000. Sc
cured by Mitchell Mining stock. valued
at $4,000
Mr.. Hieston gave the names and claims
of his unsecured creditors in the fol-
lowing list;
A. Ghinessa. Baltimore, Nd, 500
Arthur 9. Plant, $1,000.
d. n. Greenlcss. $4,000.
B. +. Compton, S25,000.
Joseph Ii. Hunter. $500.
Joe Sa<s, 81, eco.
W Z. Hibbs a Co. $500.
HaIstead & Co, $1,000.
A b. Hines. 5000.
G. Howard. 5000
Metropolitan National Bank, 5000.
American National Bank, $4,000
Alice V. Hieston $1,000
WescOtt Wilcox e. HiestOn, 5000
S. N Whitwell GoinD, 1900; ID. A.
GreenIess Coint). $50. 600.
Nearly all those whom Hieston has
mentioned as his creditors laugh at what
they claim are prepOsterouS amounts he
has credited himself with owing them.
Post & Flabb. whom he has listed among
his creditors to whom he is indebted in
the sum of $3.50 900. assert that they hold
$4,000 Of securities which secure them
against loss.
Harper Not Worried.
President Harper, of the American
National Bank. says;
"All advances Mr.. Hieston secured
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