Putnam patriot., 1910-11-04
E. N. Aruelds Debts s7s,. ,ei.is

dealer in 6 per cent. guaranteed invest ments. filed his schedules in bank
 ruptcy tn the United states District court tat Hartford last Thursday, The schedule was immediately for waried to Referee in Ear kruptcy
 Bowea of NilHmantic who will caii a meeting of creditors fos Thursday, No. SemheE tTth; at iu o'clock.
 Arnold gives hts total liabilities as sss2 ,si5.ss. Of which sssls, ,alsha ls un- secured. He claims assets of $t1s. .ssd. .ss which Is scheduled as follows; Real estate--<iat.isao. Cash on hand--xlaS. So. Bilis, notes and other s-e.ca,s.s.--= 1 G, s,sia.s2.
 Stock In trade-tt0,. Household goo,is--fss. Books and picturcs-$sN. AutmAls--fasu.
 Nehiclcs-tA.
 Farming mplements-$tio. Machinery and tcois--x11. Other personal property--Ss6s.as. Policies of insurance lpracicsiiy all firel ---xass, ,000.
 Property claimed to be exempt--xsi7 ! Arnold pleads to owing $i,lT7.oa for
 taxes and sl, ,75s.4 for wages. Creditors of Arnold whose claims arc unsecured live in all sections of New England and elsewhere. Many ei
 them live In Putnam, panieison, Whitinsville, Brookline, N. H.. North
 Scituate, Pswtucket, North Grosve-
 notdaie, PhoeniNsiIle, keene, N. H., Wetherstieid, Moosup, Baltic, Terry. vile. Plymouth, South Manchester
 and Rockville.
 Examination of ls,sehedule of iia- bilities and assets shows that he bought
 lavishly of almost every get rich-qnick
 mining stock that has been on tho
 markets In the past ten years. In all, some 70 or s0 different mining, rubber and other kinds of get.rich.quick com. panics are listed and the total number of shares of this kind of stock ipurchas- ed by Arnold. as shown by his list, amounts to ee4, ,4O4 shares. The list of the stock was shown to . prominent business man and he said that he would hesitate to give Si,Ooo for the entire lot.
 Gonsideras..s interest has been ex- pressed locally as to what the creditors were liable 10 realize out of the estate. According to the schedule filed Arnold hns assets amounting to $47a, ,aS6. 50. \ closer examination shows, however, that this is largely iicticious. Realses. tate to the amount of tia4, 300 Is listed, but this Is mortgaged for kl0d, ,asi .l8. He also lists insurance policies amount. ing to xaa8, s63.es, but out of this should be deducted xii ,l83.9s fire insurance, and s22 ,000 accident and disability in- surance, which leaves but s2oo,000 on his life. Most Of the life insurance pol ieies will yield hut litlle, only the value of their lapsing, as they have all been taken out within the last few years. Taking his total assets and subtracting his mortgages, Are in- surance, and accident and disability IL leaves but s23a, ,54i.as, Of which amount s2O0,0o0 is life insurance. From this It will be seen that Arnold has less than s40,O00 with which to meet nearly three quarters of million dollars indebtedness. IL now looks as if the greater part Of the assets would be swallowed up by the preferred claims, and that the vast horde Of un- protected creditors, with claims total. ly over sN0o,000 will be left in the lurch.
 As there are over roo creditors we are unable to print the entire list but give those Of Putnam and nearby