Norwich bulletin., 1911-02-24
PUTNAM
Writs Served in Five euits in Arnold Bankruptcy cass- psaths, Mrs. Mary Baker, WaItsr Barrstt- George Chip !. pee Has Bad Fall.

t4et
 There has been . s1sat deal Of talk
 and many inQniriAs mado n to the obs
 ject of the many heaEtnza held in this
 city and in WilliWAntfc. recently. In re-
 gard to the bankrupt estate and affairs
 of Ernest M Arnold. A dozen or hf-
 teen witnesses were summoned 10 Ap-
 pear becoTe Referee in Bankruptcy An
 drew J. Bowen, and questioned by the attorneys for George F: Hoibrock, the
 trustee of tho sstate, in regard to cer-
 tain transactlons in connsction with
 within few months of the time of the institution of the bankruptcy proced-
 ings. Nobody seemed 10 know what
 the next move would be, as nothing
 of importance seemed to have been ac- general public was largely in the dark
 as to the powers of Referee Bowen. On Wednesday and Thursday, Feb. 9 and 23 .writs and complaints were
 served in five suits brought by George F. Holbrook, trustee of the bankrupt estate of Ernest M. Arnold, against c. Fred Waterman and Percy l.. Water man of this city, Clinton g. Andam end Warren R. Spencer of North GroSven- ordale. and Charles g. Blackmar. All these writs were brought under the provisions Of tho national bank ruptcy act relating to preferences made by bankrupts by turning over property or money to certain creditors within four months of the institution or partial payment or security tor an- tecendent debts. and for which thers wag no contemporaneous consideration. The complaint tn which MT. Andem, who 1e the agent of the qrosvenordaae dale, is defendant, alleges that Arnold was owing Andem $2z.642 on Juno 5. 1910, and had been 50 owing him for some time previous thereto, and that on June 3d Mir. Arnold delivered to MT. Andem a note for $22, 300, in part pay- ment of such indebtedness, the note being secured by a mortgage on seven teen different trats of land situated in Putnam. It States that MT. Arnold was duly adjudicated a b6nkrupt and that MT. Holbrook was duly appointed trus- tee of his bankrupt estate on Nov. 19, old was and for some time previous ehereto had been insolven& and in fail- ing circumstances; that he delivered thds mortgage security to Mir. Andem at a time when MT. Andem knew o, had cause to believe that MT. Arnold l was insolvent or in failing circum- stances.
 The complaint also states that MT. Andem acted through himself and also ! by and through Frank F. Russell of Putnam as his agent and attorney. Mir. Holbrook as trustee asks, as quit able relief, first that the mortgage be set aside, second that the title to said property be declared to be in such i trustee free from the incumbrancee ot l said rnortgage, and third any further equitable relief deemed necessary in l the discretion of the court.
 The complaints against the other four defendants are similar to that against MT. Andem, except that the prefrence e ] complained of is the payment of cash | in part payment of existing indebted ness, and within the forbidden period of four months. and at times when | the several defendants knew or had reasonable cause to believe MT. Arnold | to be in failing circumstances and in solvent; and in each case the relief asked for is money damages.
 The amounts of the several alleged preferences are as follows: In the suit | against c. Fred Waterman, $4l67-ls; Percy l.. Waterman, $700.31: Warren l R. Spencer, $40, and Charles s. Black mar $200.