Putnam patriot., 1913-01-24
Aruold's Creditors Meet

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 the estate of k. M. Arnold of Putnam, who went into bankruptcy with liabil- ities of over s700, 900, was held in Will limantic Monday before Referee An drew J. Bowen. About a dozen credi- tors and two attorneys were in attend ance at the session. Among those present were Sheriff P. B. Sibley and w. H. Barron of Danielson, k. B. Witter and w. R. Thurber of Brook lyn, Attorneys Russell and Geissler, George W. Baker, F. E. Clark and NJ. J. Hogan of Putnam and w. k. Car ter of Rye Beach, N. H.
 Preferred claims to the amount of 1,73l .Ss were allowed by the trustee. Among the claims allowed were those of George W. Baker, S1S6.67; Wilda NJ. Lucier, S94; Leroy J. Tripp, S22.S3; Marie l.. Lucier, S6l .S3; Carle- ton Shaw, $9l .0S; Martin J. Hogan, S9S.42; A. w. Works, $50 45; Charles Darling, s77.50; F. +. Clark, s300, the only portion of S463 6T he could claim under the law; w. H. Barron. $500, the only part of claim of over 5000 for services and expenses he could claim under the law. A good friend of MT. Barron facetiously. with no malice aforethougnt, suggested Mir. Barron's mission was ito catch us customers
 When few small bills, which the estate held against some people who had bought flowers, etc., from the es- tate and would not pay for them, were presented they were sold at auction. These bills amounted to S23.63 and were bought by Sheriff Sibley. One of the bills was for SSl5 for flowers bought by Dr. Frederick Morrell. The trustee of the estate said that Dr. Mor- rell could pay but wouldn't. The doc tor claimed that Arnold owed him more than he owed Arnold. The doc tor further claimed that the flowers were raised in the manure that he fur. nished Arnold
 Sheriff Sibley said that he would give Dr. Morrell receipted bill be- cause he was entitled to it for any man who could get anything on Arnold was a wonder. Sheriff Sibley's only req son for buying the bills of the estate was to give Dr. Morrel a receipted bill because if any one else bought the claims the buyer could have sued and caused Dr. Morrell to pay. It was this that Sheriff Sibley wanted to avoid.
 Attorney Geisslef Of Putnam who has been acting as a sort of book keeper for the trustee called attention to one item. It was charge of S4 80 for eight pounds of butter charged to "John Doe.u No one seemed to know who "John Doen was. Furthermore attention was called to the fact that sixty cents pound was a good price for butter. This caused Referee Bowen to remark that perhaps the butter was used ito grease the wheels of the busi- ness.u
 There was some talk over an item of S1S0 charged by George Holbrook, the trustee, for office rent. When Mir. Holbrook was appointed trustee he converted the front room of his house into an office. Then he charged the estate Sl0 a month for this room. This morning in answer to the referee he said that he paid S15 month rent for the whole tenement.
 Although the referee had nothing to do with this matter it was brought to the attention of the creditors present as a curiosity by Attorney Geissler. The lawyer said that in looking over the books he found that Arnold, the bank rupt according to the books had been paid a salary of S23 week between the time he filed his petition in bank ruptcy and when trustee was ap- pointed.
 The estate will not pay much. After the lawyers have been paid their fees and the trustee and referee have receiv- ed theirs, the preferred creditors will divide the balance. There will not be enough to pay the claims of the prefer red creditors in whole. There will be nothing for the common creditors.
 Referee Bowen continued the hear ing until Saturday morning at 10 o'clock so that he might examine the books of the trustee more closely and give the matter all due consideration before closing the estate. It was too big an affair to close hurridly, he said.