The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1908-08-13
HARRY K. THAW
IS A BANKRUPT
RECEIVER APPOINTED AT PITTS.
BURG AT HIS REQUEST.
LIABILITIES ARE s45s.14o
Petition Says Many Creditors Are
Seeking TO Enforce Unjust
4 Claims-Loans from Moth
err Not Disputed.

Pittsburg, Pa, Aug. 8.--A voluntary
petition in bankruptcy was filed after
eight o'clock Friday night in the
United States court by Attorney
Morschauser of New York, represent
Ing Harry K Thaw, who is now con-
fined In the Duchess county IN. "
Jail.
In the petition Thaw states that his
assets are $12S,012.3S and his liabili.
ties $453, 140,43.
Roger O'Mara, a well-known Pitts
burg detective, and personal friend of
the Thaw family, was appointed as re-
ceiver. His bond was placed at $780,
900, and John Newell and James W.
Platt,. two prominent business men of
this city, became securities for Mr.
OMara.
Done to Head of Claims.
n The most interesting information
given regarding the proceedings is to
be found in the petition asking for the
appointment of a receiver in which 1t
is alleged that the action is taken for
the purpose of preventing his property
being dissipated in litigation over
claims, many of which are unjust
The figures in the bankruptcy petition
chow that this refers to the lawyers
and doctors.
Thaw states that he is confined in
Jail in Duchess county, N. Y, and is
likely to be there for some time. He
says some of his creditors have COM
menced suits against him and others
are contemplating similar action. He
is unable, he says, to give the litiga-
tion his attention, owing to the con-
finement.
The papers were received by e. NJ.
Underwood, receiver in bankruptcy of
the United States court for Lawrence
county, Pa, who happened to be in
this city, the local receiver, w. R.
Blair, being absent for a few days.
The papers will be presented to Mr..
Blair when he returns.
Loans amounting to s191, 500 from
his mother, Mrs. William Thaw, are
not disputed.
Some Disputed Claims.
Among the disputed claims are the
following: John B. Gleason, New
York, $4,000; Hartridge & Peabody,
New York, 100000; ]. J. Graham,
Newburg, N. Y, 1884 DIR. Hammond,
New York, $1,000; DR.. Wagner, Bling
hamton, N. Y, 5000; DR.. Jolliffe,
New York. $5,245; Dr. Jones, Morris
town, N. j., $4,000; Martin Littleton,
New York, $S,O55; DR.. Hamilton, New
York, $4,000; DR.. Dana, New York,
$1,000.
Previous to filing the papers Attor-
ney Morschauser held a long confer
ence with Stone & Stone, Thaw's
local counsel, and the greatest secrecy
was maintained regarding the action.
Thaw Explains the Action.
Poughkeepsie, n. Y, Aug. S.-Harry
X. Thaw, when interviewed in Jail
regarding the bankruptcy proceedings
instituted in Pittsburg, said that he
had already spent 100000 and that
there are additional claims amounting
to 100000 more. His assets, he said.
included $4,000 cash. Continuing
Thaw said:
1T is business necessity due to the
heavy expenses which | have been
under during period of over two
years. Now find additional bills and
claims, many of them exaggerated. To
pay these as they are presented would
entail the result that could not pay
all and some just creditors would
suffer. 1t is to prevent exactly such
injustice that the bankruptcy laws
were created and l consider that by
becoming bankrupt insure justice to
ALL"