The San Francisco call., 1909-08-03
CLEARING Up THE
CALkINS MIDDLE
Union Trust Company Buys for
$l7,5OO Several Properties
of Bankrupt Syndicate
Majority of the Creditors Will
Get About Twenty Cents
on the Dollar

The affairs of the defunct Calkins
yesterday afternoon by the purchase
for the account of the Union trust COM
pany of a number of properties for
the sum of SIT, 500. At the same time
the Union trust company assumes sew
eral claims against the syndicate and
its branches. The intricate maze of
finance was somewhat simpIified yes
terday before Milton J. Green, the ref
cree In bankruptcy. when the remain
ing assets were Jumped and sold as
a job lot. As part of the purchase
price the Union trust company sacri-
fees its own claim of. $1SO.O00, and
accepts other obligations, which will
make its total outlay about $25O, 900.
VARIOUS PROPERTIES INVOLVED
In return for this outlay the He'll
man and associated interests will
acquire the control of the Sacramento
Union, the Calkins publishing house.
the Nevada County publishing COM
pany, the Calkins photo o-engraving
company, the Pandex of the Press. the
Pythian Chronicle, and a lien on the
Fresno Herald.
Attorney Sidney Ehrman- who repre-
sented the Union trust company in the
transaction, said that no decision had
been reached as to the disposition to
be made of the Sacramento Union. He
added that several persons had sought
to lease or purchase the paper, but
that nothing had yet been done in the
matter.
With the sale of yesterday there will
be available in cash from the CaIkins
wreck the sum of S27,7O5. The claims
of the Union trust company and the
Anglo. London Paris national bank
have been duly absorbed. leaving credi-
tors to the amount of about $780, 000
After all fees have been settled there
will be about $780, 900 to meet these OBJ
legations. 1t appears, therefore, that
the bulk of the creditors will receive
20 cents on the dollar. This is a better
basis of settlement than was at first
deemed possible, and was regarded as
satisfactory by Attorney Joseph H.
Jordan, representing the trustee
Attorney Joseph Haber, for the bank
rupt, had endeavored for some time
to find a basis of agreement and had
co-operated with Jordan to this end.
SIERRA TIMES NOT SOLD
Included in the settlement are the ad-
justment of the claims of the Anglo.
hOlidOH national Dank the sum
of $4,000: the lien in the sum of ST.
600 on the Fresno Herald. and an 81 500
claim of the Zellerbach paper company
All of the calkins papers have now
been sold, with the exception of the
Sierra Times, the control of which is
pledged with Grant & Zindars to secure
a loan of $4,000.
Even with the unusually large out
lay the Union trust company will still
FRY no oh ferrf ~ -
to the Sacramento Union. mere is an
indebtedness to some of the banks in
Sacramento amounting to $4,000 and
further claims of $4,000.
UNION TRUST COMPANY HOLDINGS
The list of assets and claims taken
over yesterday by the Union trust COM
pany is as follows:
$500 shares of the capital stock of the Sacra-
mento publishing company.
$4,000 shares Of the common capital stock of
Sacramento publishing company.
10000 shares of the preferred capital stock of
Sacramento publishing company.
l5S, ,415 shares of the capital stock of Calkns
publishing house.
20, 7ee shares of the capital stock of the Ne
vada County publishing company.
49, 22S shares of the capital stock of the
Calkns photo engraving company.
61,S6s shares of the capital stock of the Pan
dex of the Press.
1895 shares of the capital stock of the Pythian
Chronicle.
Claim on open account due to the Calkns
newspaper syndicate by the Pythan Chronicle,
amounting to $780,
Claim on open account due to the Calkins
newspaper syndicate by Pandex of the Press,
amounting to S23, 1908.
Claim on open account due to the Cakins
newspaper syndicate by Fresno County publishing
company, amounting to 1s,325.02-
Claim on open account due TO the Cakins
newspaper syndicate by ". F. Wilkie grocery
company, amounting TO $2.776.2T.
Claim on open account due to the Calkins
newspaper syndicate by A. B. Barmore of Hol-
lister Cal, amounting to S1.349.e2.
Claim due to the Calkins newspaper syndicate
by certain parties as represented by their prom
ssory notes. as follows: Seattle Boston conner
company Of Seattle. Wash, promissory note
dated December Is 1907. due February 2S zoos.
for $120; promissory note of Alva f. Gates of
MarysviIle. Cal. dated October s. 1906 due Octo-
Der 5. 1907. for 81, 900.
The furniture in the publishing house
was purchased by N. A. Dorm for 81 652
DR.. ARBERRY ARRAIGNED-Dr. John I.
H. o.