The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-11-27

4
The above is what Judge q. T. Hazen,
special referee in bankruptcy, in the
case of the Uncle Sam Oil company was
asked to pay out of the funds of the
bankrupt company as being reasonable
and just allowances. The judge has noe
made up his mind yet as to whether
they are reasonable.
For accommodating a small sized for
tune participation in the affairs Of a
large bankrupt company seem to afford
as an expeditions route as any that can
be commended.
The receivership has lasted from the
23rd of April to November 8, about six
months and a half, the services extend
| ed over that period or at a rate of
| about $4,000 a year. t.-
| But this isn't all. Expenses which
were proven to- be of a legitimate char
acter have been allowed to the receiver
to the amount of $3.50, while the attor-
ney has already received $3.50.
] The cost of the receivership from this
phase alone will run close to $32, 900
with yet other fees to be allowed, in
Guiding stenographers' and referees
/ claims and expenses.
| The assets of the defunct Uncle Sam
| Oil company will note the effects of it's
bankruptcy. Probably in the long run
| it will rebound to the good of the cred
| itors and stockholders, but it cannot be
denied that it is what might be termed
a heroic remedy
The fight which has been precipitated
| by H. H. Tucker, jr., promoter of the
company through his attorney, Albert
| L. Wilson, veered around. today to the
fees that should be allowed by the
| referee. ~+---
He combatted the $4,000 asked for in
behalf Of the attorneys for the
petitioning creditors, who include
the following: Karnes New & Krauth-
off, Kansas City; Carl Weaver. KAN
sas City; Sell & Mccoy, Kansas City;
G. D. WEIGH. Coffeyville; w. F. Right
! mire, Topeka; Allen & Allen, Topeka;
w. S. McClintock. Topeka.
In stating his objections Wilson
went over the charges that Karnes,
New & Krauthoff had deceived Tucker
to commit an act of bankruptcy by Sc
curing bonds of the company on mis-
representations and then turning
them over to clerks in their Office to
bring an action at bankruptcy,
"Can a firm of lawyers volunteer
their services to this man, deceive him
into act of bankruptcy. borrow bonds
and distribute those bonds. among
their clerks. who have sworn to be the
rightful owners, urging bOnaf1de
creditors to join them and then later
side against him in court and ask for
fee for the services SO rendered ?'
In reply to this query of Wilson'S
Judge Hazen said. THE referee is
not going to try any question that
has already been tried"
The present hearing bids fair to
continue for another day and it is
probable that the final adjournment
will not be taken until Friday.
ct am going to try and secure
congressional Investigation of this and
that's what am trying to arrange for
now. 1 think that 1 can get 1t" said
Tucker today ct want the stock
holders to know that I am trying to
stand between them and some of
these people that are trying to get the
best of the company.
Charles Williams. attorney for
Morse. was put on the stand this
morning. He had stated that he con-
sidered a $4,000 fee for the receiver
and $4,000 for his services and the
cross examination was to show If his
services were really worth it.
He stated in reply that his law firm
earned something like $4,000 to SIS
600 last year. He is member of the
firm of Prigg & Williams of Hutchin-
son. This was not the net income how
ever. a-'
Eat the creditors meeting you rep
resented several creditors?" asked
Wilson of Williams.
turned over several accounts to Mr..
Krauthoff. 1 don't think that there
were but two of these claims. 1 made
no charges for what did"
the receiver about the trusteeship ?"
Yes, sir"
"You spent some time trying to get
the receiver. elected as trustee ?"
mo. sir. I advised him not to ac-
cept" --- s..s..
HE was a candidate?'' |
Quite a number of creditors who |
were opposed to what might be called
the Tucker interests asked him to be
a candidate and permit his name to |
be used
you knew that every claimant that
supported Mr.. Morse for trustee was
paid OFF,"
IT have heard something like that"
There was no business transacted |
by me for the firm while was at the /
office of the receiver of the Uncle Sam |
Oil company" said Williams in out
lining the services performed by him.
How many days did you spend |
there 2"
days out of every month";
'"That would be fifty days all told ?"
Eyes, SIR
should be allowed $5,060?''
mo, sir. I don't claim the $4,000
for the fifty days. Considerable time
was spent by me in the library read