The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-10-19
FOR DEVLIN TRUSTEES.
Judge Pollock Does Not Sustain OBJ
jectiOnS Brought.

None of the objections filed against
the trustees report in the C. ]. Devlin
estate by E. Anderson, of Chicago, was
sustained by Judge Pollock late Tuesday
afternoon when the issues were con-
tested in the United States federal
court. A portion of the objections wer,.
withdrawn by w. A. Stephens, as at
torney for Anderson, while the remain
ing objections were overruled by Judge
Pollock.
Following his ruling in the case
Judge Pollock declared a final dividend
of one and one-ninth per cent and al
lowed ]. S. Dean, as attorney for tNe
trustees. an attorneys fee of $1,000 N
addition to the fee of $500 previously
paid. The dividend and attorneys fec
were both accepted by D. R. Heit, rep
resenting a $780, 900 claim and C. P. A.
Clough, of Kansas City, who repre-
scented claims of approximately $500, 900
held by the Jackson Walker interests
of Wichita.
The dividend declared by Judge Pol
lock is in addition to a dividend of IL
per cent previously allowed by the
court.
Anderson, who claimed $4,000 in the
estate, held an old loan made to Devlin
prior to his failure more than five
years ago. W. A. Stephens, who repre-
scented the Anderson claim, was special
accountant for the trustees in the Dew
lin estate.
The action of the court was the final
act in the settlement of the personal
estate of the late J. c. Devlin. The
settlement of the affairs of the various
companies with which Devlin had been
connected were made several months
ago.
The personal estate has been in con-
troversy since July 1905 In the per-
70 oil IiaI
aggregating almost $2,000,OO0. In this
estate 90 and one-ninth of one per cent
dividends have been paid.
The aggregate liabilities of Devlin
and his various companies are esti-
mated at approximately SIC, ZOO, 900.
From all assests 81, $780, 900 has been paid
in round figures.
The Marcilene Mercantile company
was the only concern that paid dolla r
for dollar. The Marcilene Coal cont
pany paid 25 per cent; the Devlin Coal
company paid "a and two ninths per
cent; the Mt Carmel Mercantile COM
pany paid approximately 55 per cent;
the Mt. Carmel Coal company patti
99-100 of one per cent. A number of
the smaller companies paid either alb
solutely no dividend or were too small
to enumerate. The assets of several
of the companies were taken over by
the. Jackson-Walker interests.
The Marquette & Northern Railway
company which owned 81 miles OF
road, was bonded at 1865, 900. 1t was
taken over by the bondholders and re-
organized under a new bonded debt OF
100000, pro rated among the bond
holders. Later the road was sold to the
Chicago & Alton railway, which took
possession of the road October 1.
The Marcilene and the Toluca Coal
companies and the mercantile COM
panies of Frontenac and Chicopee
Kan, were taken over by the Jackson
| Walker people and new corporations
have since been organized.
Frank B. Shuts. an attorney for the
comptroller of the currency of Wash
ington, D. c., visited Topeka last week
as a special attorney. He examined
| the report of the trustees and this week
| wired ]. S. Dean that as attorney for
the comptroller of the currency, no OBJ
| jections would be filed against the re-
port.