Norwich bulletin., 1911-05-01
Willimantic, Danielson and Putnam

- ~ sssssaasnsusssau
1 true Of several other accounts, espe-
cially in the instances of labor. the
Tarbox account the Holyoke boiler ac-
count, and the account of the Nor
| witch Electric company
j Bank Accounts.
Mr.. O'Donovan said that he had
! bank accounts with the First National
| bank of Norwich. the Norwich Saw
! ings society and the Dime Savings
bank of Norwich. The latter had each
| a balance of $500 that had been put
up as collateral for two notes each
on July /. last. These notes were TAX
| en- up on January /, 1911, the bank
books having been used for the pur-
! pose.
Mr.. O,Donovan said that no mem
| Der of his family. any relatives or
| friends had in their possession or con-
| troll any money that belonged to him.
| There was an account for a trifle over
| 1924 in the First National bank that
had been attached
Amos A. Browning Continues Exam
nation.
AT this point. through the courtesy
| of Attorney Kelley. the examination
! was taken up by Judge Amos "A.
| Browning of Norwich, who commenced
| a minute examination of each of the
| entries in the schedule of liabilities and
| assets. The claim of the Whitman
| tic Lumber & Coal Co. was taken up
| in particular, the claim amounting to
| $3,382.59 for labor.
/ Mr.. O'Donovan said that all of this
| was carmel after January /, 1911, with
| the exception of Sf25, that was back
Michael J. Campion. The claim of
| Michael O'Donovan for s36 was also
| taken up The bankrupt stated that
/ this was earned by Mr.. O'Donoyan
after the proceedings had been insti-
| tuted against him. when the affairs
We're being looked after by the Wilt
mantle Lumber & Coal Co. The chat
| tel mortgage given TO Joseph T. Fan
ming for something over $1,000, was
/ next taken up.t 1t was explained that
| one of $1,000 and the other of $500,
| that had become due in January.
Adjournment was taken for one hour
| to allow the court to take dinner.
Chatte Mortgage.
The examination of the bankrupt
| was resumed in the afternoon, the
| claim of Frank O'Donovan for $50 be-
| weeks pay in March. Replying to a
| question, Mr.. O'Donovan said that the
| chattel mortgage covered machinery,
| horses, wagons and tools. the property
| now being in the possession of the
trustee The mortgage was given the
/ III NVC4A III oahuDl
l. Various Claims.
/ A claim of Eaton Chase Co. among
| the secured claims, was not protect
ed by any property. Frederick A.
| Cheney's claim of s2s5 was secured
by a, lien on machinery, that is, ma
| chinery that was sold to him on con-
| ditional sale The claim covers three
4 wood working machines The Kate
Delaney or Valentine Murphy claim
| is only protected by note and was
given to pay labor claim at Mystic.
| The note to the Norwich Electric
| company was not secured and was
| given III payment for labor and part
| payment for a contract that is not
| closed He said that he believed that
| the claim of the Willimantic Lum-
/ Der & Coal Co. for s17.533 was cor
rect. He stated that at the time the
| schedules were made out he did not
| have $50 on hand and that since he
| has not got that amount and that all
| he has received since has been for
! personal service. Che of the two
| horses entered in the assets had been
sold for his keep. The bankrupt
! thought that fair value of the ma
chinery, office furniture. etc. entered
| a. assets for $500. was about $1,000.
| He. made an, assignment on January
| IS to the Wi1limantic Lumber & Coal
/ Co. of a quantity of lumber in Nor
| witch. which was removed about a
| month later. The rest of the lum
| Der mentioned in the assets, except
| that part sent by the trustee to Mys-
| tic, was still in Norwich. A meeting
4 of all his creditors was held on the
J 18th of February for the purpose of
| making assignment but not enough
| would sign to have it become effec-
/ tive; this attempt was made to save
| the bankruptcy proceedings.
Total Liabilities $4,000.
Instead of the s2S,os4.Ss given as the
| amount of the secured claims in the
| schedule of liabilities and assets, it
should read s2.ss4.ss. This error was
| caused in addition the total liabiliz
/ ties, therefore, in reality being but
| approximately 100000. Mr.. O'Done-
| van was of the opinion that practi
! eally all of the $S,428.61 put down as
debts due or open book. accounts are
| collectible. Judge Browning next went
| into Z lengthy examination as to the
| condition of the various accounts. the
| amount of work still to be done on
| the contracts and the money due on
| same. He retained the bankrupt up to
the time the hearing was closed for
1 the day. a about 4.30. although when
| he was accorded the courtesy of the
| floor he expressly stipulated that he
| would not exceed more than three
| quarters OF an hour at the outside.
Hearing Adjourned.
Mr. O'Donovan claimed that he had
Deeil very Aoi lulIdtt sHite ne III 81 oteii -
| ed in business three years ago in Sc
! curing good contracts and that it
| was as much of a mystery to him as
| to anyone else that he had become
4 so greatly involved. He denied ale
cations of having specuIated and said
| that while the first year that he was
! in business he showed a deficit of
! $4,000, if anyone had asked him how
much he was worth, a year ago. he
| would have replied that above all lia-
| bilities the least figure would have
] been $4,000. y.
The hearing. was adjourned at $50
for two weeks.
~ Death of Infant Daughter.