Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-09-30
Bankruptcy Experts Denounced;
Cleaner Report Is Astounding
continued from Eir-, Pase.)

CONTINUED from, First PaEe.) /.
the business of the bankrupt company.
Henry Decker IL Senator Cornish's
advertising agent, so perhaps these nd
ditionaI profits which accrued TO MIR.
Decker are mot dlHicuIt to explain.
In addition, under the sub-head,
Operating Expenses" in the report is
| the item travelling expenses $3.50.
Most of these travelling expenses were
incurred by Mr.. Decker, the creditor.
assistant manager and favored adver-
Using man. 1t is said Mr.. Decker found
1t necessary frequently to visit
branches of the Vacuum Cleaner Com
pany in other cities and thus ran up
the big travelling expense.
Referee Adams accompanied Account
ant CoVan' report with an order allow
Ing the trustees account. In this order
he takes no account of the bewildering-
~ contradictory item of ss4,336.a8 for
Operating expenses which he Ia I'M
willing and unable to explain, but con-
tents himself with discussing the
amount Henry Decker must return to
the trustees by reason of the fact that
his compensation was cut in two after
he had received it.
1t was Referee Adams himself who
called attention In an opinion recently
handed down to the fact that Trustee
Cornish had run the cleaner company
at a considerable profit" He has no
answer to the questions. where is
the profit? p Where is the original cap
ital spent in running the company
Creditors and the attorneys represent
Ing them know these are very i'm
portant questions, indeed. and should
not be left too long unanswered.
Referee Adams's order allowing the
trustees report. which is still so far
from clear to the layman, follows;
THE final account of the trustee in
this case having been filed and hav-
ing come on for allowance at the final
meeting of creditors, n certain
creditors having been heard on objec-
lions to certain items in the account,
and the trustee having also been heard,
and by direction of the court a detailed
analysis of the disbursements. as shown
by the said inal report of the trustee,
and the vouchers filed herewith hav-
ing beer made by John w. Cowan, an
accountant, and filed this day; and the
said analysis discIoring that two GER
thAu BHt hsNhtS VI FpVO NNth NtAC ~
by the trustee to Henry Decker on the
third day of February, 1910, and the
seventh day of March. 1910, respective-
Ily, ION account of expenses" and that
OF the said sum of $1,000 so advanced
to the said Decker, there remains un-
accounted for by the said Decker the
sum of $418.I2, and it further appear.
ing to the court that the payments by
the trustee to the ia Decker of $i0(
a week for his services in connection
with the operating OF the business OF
the bankrupt corporation should moi
be allowed, but the sum of $50 per weel
is a fair allowance for such services.
'It Is ~thereupon. on this t~wenty-nintl
day of September, 1910, ORDERED
that the snid final account of the trus-
tee he allowed, except ns TO the item Oi
$500 paid to Henry Decker on Febru'
airy 2, 1910, and the item of $500 pale
TO Henry Decker on March Z. 1910, anC
that as TO the said payments aggre
eating 81 1000 $5S3.SS thereof shall be al
lowed and the trustee surcharged viii
1.-The difference, amounting to $416.12, ans