The evening world., 1908-02-15
THOMAS WANTS
27 YEARS To PAY
OFF HIS DEBTS
Banker Would Hand Over
100000 on Account of the
s2,7Oo,ooo He Owes.
THEN 100000 A YEAR.
This Would Leave Him S5O,-
600 Annually for His Own
Personal Expenses.
THEN 100000 A YEAR.

II the creditors OF E. r. Thomas. the
his plan OF settling his debts they will
have TO wait twenty seven years before
ley get the last of their money. This
p-riod is calculated exclusive OF extra
time 10 be charged to interest.
Thomas owes chain Of New York
banks s2,7n,.,c. Here is the proposition
lie offers 10 his creditors:
He will pay Immediately s2oo 900 IN
cash contributed by his mother. the
widow of Gen. Sam Thomas. and his
sister. Mrs. r. L. Beekman Hereafter
he will pay 10000 year out OF his in
come. which averages $4,000 year.
There are fixed charges ageins. the
income amounting to $50 40 a year. He
has TO pay his brother Horace. 10 !s
in the West, sl5,Oc0 a year. and his life
insurance premiums amount TO SIS 90 a
year And he wants 10000 year or
the living expenses OF himself and his
wife.
Creditors Protest.
The creditors are disposed 10 pro.es,
against the allowance for living ex-
penses. They think that Mr Thomas
and his wife ought to struggle along on
$1,000 a year The whole question will
be placed before them next week at a
meeting called by Miles VI. OB-!en.
v!ce-president OF the Mercantile Ma
t!onai banh and chairman of the conf
mtttee appointed to settle Mr.. Thomas's
affairs
Edward Lauterba ch. counse, for Mr..
Thomas. declared to-day that his oNer
OF settlement was extremely liberal.
Thomas maintains tina, collateral which
he has posted against his laons is really
worth much more than appears just
now, and that II the creditors wait a
while before disposing OF II his indebt-
edness will be reduced by the sale to
less than sl,0OO,OC0
List of the Stocks.
Here is the collateral which Thomas
insists will improve in value:
Western Ice Company bonds. the
holding company for the Knickerbocker
Ice Company in control OF the ice bust
ness Of chicago.
Provident Savings Life Assurance
Society which is not taking any new
business. and has recently underwent
an examination by Insurance Commis-
sioners Kelsey, OF New York, and Rit-
tenhouse, OF Colorado.
Morning Telegraph Company bonds.
.ssued against a theatrical publication
which Thomas bought from the estate
Of the late William c. Whitney.
Knickerbocker Ice Company stock,
the operating ice company of Chicago.
Hamilton Bank stock. once valued at
300. now quoted at $50.
Mechanics and Traders bank stock,
once valued at l7O. now below par, as
the bann recently suspended
Mercantile National Bank stock. once
valued al 2lo, now quoted at 135.
There has been some comment over
the seeming generosity of Mr. Thomas
in assuming the obligations OF the
brokerage house OF Robert Maclay &
Co. and o. +, Thomas in addition 20
That f. r Thomas should assume
the debts o. these other interests is
entirely proper and fitting" said a
member of the Thomas creditors COM
mittee TO reporter from The Even
ing World 30. F. Thomas told me that
sside from 5000 every penny of the
large debt which stands in his name
was contracted by Z. X. Thomas.
Says He Owns the Concern.
"As for Robert Maclay & Co.. E. r