Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1908-12-16
REPORT SHOWS COULD MISUSED
FUNDS OF THE KEYES ESTATE

IL NEIEO COIHIE
Gould, certin certificates, notes, mort
cages, trust deeds and bonds, and ask
this court to determine by its decree
which of said securities belonged to
the Keyes estate, and which belonged
to the estate of said Frank w. Gould.
The petition contains list of these
securities, describing the same in de-
tail as to their character, amount,
names of parties and objects, respect
lively: the same are embraced in the
schedules one to seven, inclusive, and
are numbered from one to forty, inclu-
sive, which schedules are attached to
said petitions.
THE undersigned reports that he
has checked over all the securities in
hands of petitioner and finds that the
list of securities as set forth in said
petition is true and correct, and that
the same were then and are now, in
possession of said petitioner
HE further reports that it appears
from the evidence adduced before the
undersigned, that all the securities
contained in the schedule and MIN
bered as above stated, with the excep-
ton of No. ii, schedule one, No. 80,
are investments of the funds of said
trust estate, and now belong to said
trust estate.
1.-THE securities as above excepted
to-wit, No. IA schedule one, No. 90
schedule five and No. 80 schedule six
Frank w. Gould, deceased, as stated
in said petition are described as fol
lows:
SCHEDULE l.
No. 14.-PromissOry note, Jan. 2, 1908
Frank A. Butler, $4,000. Mortgage
purporting to convey 5000 acres OF
land in Grundy and Manor counties
Tennessee, dated Jan. 2, 1908, record
! ed Jan. 90, 1908, in one county.
SCHEDULE 5.
No. 29.-Promissory note, July %, 1907
Hugh R. Pauley, $4,000, payable tc
Frank w. Gould and secured by A
| mortgage to F. W. Gould, dated July
%, 1907, filed for record July 80, 1907
conveying 5000 acres in Grundy coun
! ty, Tennessee. Ten coupon notes o
81 COO each and attached to said note:
is the memorandum as follows: Jul,
&c. 1907, attached notes are propert,
of Anna E. Keyes estate, signed F. w
Gould.
SCHEDULE 6.
| No. 30.-Promisory note July q
1907, Carl H. Jenkins. $4,000. Trus
deed to Chicago Trust company, trus
tee, recorded book 1896, page COB, Cool
county, ILL.,, based on a 80 year lease
Ten coupon notes at $3.50 each Al
tached is a memorandum as follows
| Attached notes are property of Ann;
E. Keyes estate, F. w. Gould. Assign
-iment of same is from Jenkins to Goul,
mot recorded-dated July %, 1907.
\ Details of Transactions.
II 1t appears that these securities rel
PRESENT the aggregate amount of $50
900, and for a full understanding @
the character of the same, the manne
in which they were acquired, and t
enable this court to determine Whethe
they should be considered as inves
ments of the funds of the trust estat
and as properly belonging to the sam,
and whether they should be accepte
as such by the trustees appointed b
this court to succeed the former tru
tee, Frank w. Gould, it is necessar
to go back several years and revie'
the events which preceded and ult
mately eliminated in their creation
From the evidence adduced before tn
undersigned it appears as follows:
In the year 1892 a co-partnership wa
formed by a number of business me
of the city of Moline, H., for the pu
pose of buying and selling real estate
the name given this co-partnership We
the Moline Land company. The mer
bers of this partnership were Jane
w. Atkinson, H. A. Barnard, E.
Gould, S. w. Odell, T. C. Nutter an
B. r. Towndrow.
James w. Atkinson was Jnen truStt
of the Keyes estate under an order
appointment by the Rock Island cou
lty circuit court.
The first business transaction of tn
company was the purchase of son
farm land in Carroll county, Illinois
1881 acres; the purchase price of tn
land was $4,000; this sale was su
ject to mortgage, and the cash pa
ment made by the company was 81