Omaha daily bee., 1908-11-23
CREDITS BIC, ASSETS SMALL
Harry F. Pierce Files Voluntary
Petition in Bankruptcy.
HoLDREGE HOLDS BIG CLAIM
Omaha Man said 10 BE Creditor TO
Extent of -Four Thou
sand Dollars Involved in
Mining Deal.

In a voluntary petition OF bankruptcy
flied Saturday afternoon in the United
states court. Harry F. Pierce of this city
schedules liabilities, ~aggregating S'5.H7.
His assets consist solely. according to the
papers filed in court of a half interest in
the Perseverance Mining and Milling COM
pany Of Owyhee, Idaho, said 10 be OF
doubtful value.
OF some fifty creditors the schedule OF
Pierce's liabilities shows George W.
Holdrege Of Omaha, general manager OF
the Chicago, Burlington & quincy railroad
10 be the largest. Pierce lists an indebted
ness 10 Mr.. Holdrege Of $4,000. which Is
I secured by the capital stock OF the Per
severance Mining and Milling company.
At the same time Pierce's interest in the
Idaho mining property is stated by his at
torneys TO be subject to a lien OF *0OOVO
held by Mr.. Holdrege.
William Barker Of this city has a claim
OF se0.976, which he has assigned to Ernest
e. Hart. president OF the First National
bank OF this city. This claim Is said to
be connected with transactions involving
the purchase by Pierce and Barker OF the
stock OF the Idaho mining property.
Another claim listed Is that Of George
II LYONS Of Omaha for So 5000. 1t is said
/ tnAI lANOnh III NhAo
mission for the sale Of land formerly
owned by Pierce to Mr.. Holdrege. This is
one OF what the attorneys for Pierce say
are contingent liabilities Of their client.
Ferdinand weis, a former we'll known
business man of this city, now residing In
Des Moines appears in the list as creditor
To the amount Of $4,000. This claim,
Pierce's attorneys say Is connected with GER
tain oil stock transactions between Pierce
and Weis. This is also classed by P1erce's
attorneys as one Of the contingent
liabilities.
one batch OF claims listed which aggre'
gate SlO,625 represent notes which Pierce
endorsed with William Barker for the pur'
chase OF blooded horses.
Many Claims Disputed.
A II. Flickinger of the firm of Flickingei
Bros, attorneys for Harry Pierce. said tina
much of the Indebtedness scheduled by
their client should be classed as contingent
liabilities" Many of this class of claims
he said, were disputed by Pierce.
According to Attorney Flickinger. Pierce
who was supposed to own considerable
land and other property, does not now owl
a single acre. Mr.. Pierce today has moth
ing" said Mr.. Flickinger. "An OF the lanC
7 which he owned has been recently trans
ferred to Mr.. Holdrege, the transfer beinl
duly recorded and published. Mr.. Pierce
will have to start at the bottom OF the lad
der again"
The item Of 500. 600 scheduled as due Mr.
Holdrege is listed as representing note
given by Pierce in payment for the stool
in the Perseverance Mining and Millinl
company.
Harry F. Pierce is the son of Mr.. an
Mrs. Francis j. Pierce and was intereste,
with them for a number of years in tn
shoe business. Some years ago he was re
ported to have made a large sum OF none,
, in Texas and other oil stocks. His bushes
ventures, however. 1t is said. have no
, turned out we'll lately and it has bee
=, known for some time that he has bee
more or less financially embarrassed.