The Dawson news. (Dawson, Ga.) 1889-current, 1908-05-20

will be on the market unless he can
bring strong financial support to his
aid. 1t is already reliably reported
that efforts are being made to
form a new stock company for the
purpose of taking over the Gray in
terests.
Mrs. Gray's petition for a receiver
ship for her fathers estate is a
lengthy one. She makes James R.
Gray, Mrs. Harriet F. brandon. her
sister, and Mrs. Francis Jones In
man, her mother, parties to the pro-
ceeding, as executors and individuals,
Mrs. Inman being so made as widow
of the late Walker P. Inman and
special legatee to the amount of
1925, 900
1t is set out that Mrs Inman de-
clined to accept the sum of $4,000
which was bequeathed her by her
husband in lieu of dowery, and that
| the other heirs agreed some time
ago to increase the amount to S125.-
! 600.
1t is also set forth that obliga-
tions amounting to $64O,OOO. repre-
sented by papers that bear the en-
~ SSAAlCLL vi ILS LdJG w dIh6T + IN
man and which will probably have to
| be paid out of his estate, are now
/ overdue. 1t is also stated that under
/ the will of Mr.. Inman there are spe-
cial requests for more than s4OO.-
600, which are to rank first in divid-
( ing up the estate. 1t is also averred
that shortly before his death Mr.. In
man estimated the value of his real
estate in Atlanta at 100000. No
estimate is given of his personal
property.
Paragraph eight of the petition is
as follows:
Petitioner shows that in regard
to said special legacies, specifically
set forth in items two and ten in
! elusive, in said will, said Walker P.
! lnman died indebted either directly
or as endorser in a large sum of
money; that there Is now due by said
estate towit AS endorser on notes
| OF the firm Of Inman & Company at
Augusta, Ga, in the sum of $780,
| 600, said notes being held by banks
in Memphis, Chicago, Charleston,
| New York and Atlanta and being
past due and unpaid; also endorser
/ W. CIAANA AAONND 1lIOunJil1S " GfU,UUU,
and directly on notes due the Atlanta
| National Bank, Fourth National
Bank, and other parties $145,0OO,
or a total of 100000"
Part of paragraphs nine and ten,
| is as follows:
Upon information and belief she
AYERS that nearly all of the assets
of said firm CInman & Company
are pledged for debts other than the
debts upon which said Walker P.
| lnman is an endorser. that the re-
naming assets of said firm are in
! sufficient to discharge that endorsed
paper, and that the same in large
part will have to be paid out of the
estate of Walker p. Inman as such
endorser.
The failure and bankruptcy pro-
ceedings of Inman & Company have
absorbed the entire assets of Mr..
Jas. f. MCGOWAN and Mr.. James R.
Gray, The estates of both have been
heretofore involved in the debts of
lnman & Company and neither of
said individuals will be able hereaf-
ter to contribute any sum towards
the discharge of such debts of IN
man & Company as were endorsed
by Mr.. Walker P. Inman."
The remainder of the petition is
devoted to the reasons why a re-
ceiver should be named to relieve
the executors of the care of the In
man estate Chief among these are
the personal differences between
, Messrs. Gray and Brandon, which, it
Y is set forth, are growing more acute,
g instead of lessening
The present financial depression is
p dealt with, together with the unlike
lihood of ability to sell real estate
to advantage If it is stated that
=, if the property of the estate were
sold, at this time, the benefciaries
e would suffer heavy losses because of
| the depression.
/ 1t is stated that Messrs. Oray and
c MCGOWAN will admit insolvency and
4 allow the litigation to proceed in the
Il regular course.