The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-22
X.GOVERNOR DIX
FAILS FOR 100000
Petition Also Filed Against
His Moose River Lum-
Der Company.
WIFE,'S FORTUNE INTACT

AiBANY, July c1.-Ex-Gov DIX and
the Moose River Lumber Company. the
principal Dix property. are insolvent, ac-
! cord!ng TO n creditors petition filed in
the Federal court at Utica to-day.
Although the petition falls to give a
statement Of the assets and Liabilities OF
the Ex-Governor and his concern, 1t was
stated tonight that they are between
$500. 900 and $4,000. The lumber
company Is located nj McKeever.
The petition contains a statement to
the effect that MIR. Dix Is unable to
: meet his financial obligations. but he
says the assets will more than meet the
liabilities. The insolvency OF the ex-
! Governor does no; In any way affect the
personal fortune OF Mrs. Dix. The Dix
| town house in Albany. which is very
! valuable. and the Dix country home In
Thomson have always been In her name.
| Al McKeever there is a fine lodge main
tained BY the Dixes.
Poor business conditions n inability
10 dispose Of a large stock or lumber on
hand are ascrib.d as the causes for The
| Dix Insolvency" said Edgar 7. Bracltett.
counsel for Mr.. Dix. after he petition
had been fled.
The petltion!ng creditors in tho DIX
application were Looinis K Carson OF
| Glens Falls, Hiram e Todd. n Saratoga
attorney in the office OF Mr.. Bracket,
| and John Dix Cof1n. a nephew OF the
Ex-Governor. Those petitioning In be-
half OF the company were Ray 6 Trus-
cher. an officer OF the company 1.uomis
& Carson OF Glens Falls and George
Sterri,t of Sa ratoga.
A Judgment " S2l 600 was docketed
IN the Etie County Clerks office against
the eX-Govcrnoc a few days ago. THIS
followed n default In q note held 10y the
Third National Bank of Buffalo. NJ the
same time a judgment OF $1,000 was
lodged against the Moose River Lumber
Company.
The arairs OF the lumber company for
a long time have been n source OF dis
satisfaction TO the creditors. While the
plant Is OF the must modern type and the
lumber tracts owned by MIR. Dix in the
vicinity of MCkeeNer are extensive. the
continued business depression operated u
limit sales and the rapidly growing debts
made imperative the petition in bank
ruptc,.
1t IL said BY close friends o. MIR. Din
that he found politics an expensive diver.
sion and that the attention he was com
! PEELED to divert from HE business enter
prlses during his term rs Governor told
on his rancrs heavily.
Mrs. Dix holds "A fortune IN her own
right. She il tn" daughter ~ Lemon
Thomson and the granada lighter OF
Augustus sherman of Glens Falls. a
pioneer lunberman Her inheritance Is
said 10 extend well into six figures.
John i. cloSrsn ~ Hudson Fails has
been appointed receiver for the Moose
River Lumber Company. lie is an ex.
pe~rienced luinberman connected with the
successful Kenyon Lumber Company.
Mrs. Dix. speaking from her home al
Thomson over the telephone. said hei
husband was unable to discuss the bank
rup;cy. He has long been III.
His physical condition is no worse
than Il has been" said Mrs. DIX. HE
IL up and about the house every day
He has no future plans. canno; saS
whether he will continue in the lumbel
business"
Since Mr.. nix retired from the Gov.
errors office on January !. 1919. he ha
maintained a winter hom. IN Albany
u spent his In Thomson A.
one time last winter IL vas rcporte.
that his Illness was serious.