The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-20
DR.. HILLS PROPOSES
TO SELL RESIDENCE
VIII Apply Proceeds 10 His Debts.
says Lawyer.

Although DR.. Hills did not make any
statement to newspaper men yesterday,
Frederick W. Hinrlchs, his attorney. OF
81 Wall street, confirmed the report that
Or. Hills proposes to sell his handsome
home at % Monroe place. Brooklyn.
and apply the proceeds toward the liqui-
dation Of his debts.
Yes" said Mr.. Hinrichs, III he pave
his debts 1t will be necessary for him
TO sell his house
Mr.. Hinrichs added hat Or. Hills has
n lot of good friends among his creditors.
Asked " I was true that the Plym-
outh pastors indebtedness is between
$4,000 and $4,000, Mr.. HiHrichs re-
Piled
Somewhere near" but he didn't
finish the sentence. 1T Is hard to tell"
he continued, what are debts and what
are not"
Questioned about the libel suit for
$4,000 wniCh Percy u. Hills, the
pastors nephew. has instituted AGAINST
his uncle, Mr.. Hinrichs replied
AN We have is "A That is
the only thing that IL a matter OF record.
| don't know whether the suit is on con
tract or for Islander or for libel. on
the face OF il. | should think that it
was "A suit on contract"
VI 1 lIE "H' AAlhN va
Moore issued "A statement In which he
aid that Percy n. Hills had started
suit against Dr. Hills for libel. He
said that he didn't know any lawyer
named Moore and couldn't discuss the
suit before he had had a chance to
see the papers.
Mr.. Hlnrichs admitted he had presided
at two meetings of the bundholdcrs of
a timber company In which DIR. Hills
was Interested. hut said that even he
didn't know the facts himself. as moth
ing had been done,
Or. Horatio G. King, clerk Of Plym-
outh Church, said that Frank l.. Fer
guson, eX-chairmau of IN. trustees OF
he church. who formerly transacted
DIR Hillis's business affairs. had his
power of attorney taken from him. lie
said that Mr.. Ferguson had charged
against the account Of Dr. Hills ex-
penses, such as office rent, which he
should have charged to himself.
When told of the statement of Mr.
Hinrlchs concerning the bondholders'
meeting Mr. Ferguson said
'ln December, 1912, ! sold for Or.
Hills his twenty-five Alberni timber
lands to the Western Timber Holding
Company of Peoria, H., under contract
for $4,000 or Sls5, 600, Of which
amount an Dul SlNN,OhU was 10 ne palU
for in preferred stock of the Western
Timber Holding Company and the bal
ance in timber gold debcnture bonds,
bearing interest at the ate of 6 per
cent, interest payable s~emi-annually.
half of the bonds to mature January I,
1915, and the remaining half January
l, 1917.
Most OF these bonds were used to
pay the debts Of DIR, Hills to various
parties or were used as collateral secur-
ity for money which he borrowed and
for which he gave his notes.
"By a later agreement with DIR. Hills
the Western Timber Holding Company
surrendered to him those Alberni timber
licenses, subject to outstanding issues
Of bonds of 500, 900, thus ~obligating
him, as the legal owner of the licenses.
10 pay the annual Government license
fee Of about $3.50 per license and in
terrst on the bonds, which with his full
knowledge and consent and approval
had been distributed among his various
creditors.
ole has failed or has been unable to
pay the tiuher license fees or interest
on the bonds, That In the reason why
n conference Of bOndholders was called.
over which his attorney. Mr.. Hinrlchs.
presided Mr. Hlnrichs made an lnyestI-
cation and called a second conference
- bnndholders at which n special COM
mittec Of four was appointed to consider
the whole matter and report at a later
conference. The committee has repnrted
progress
Il developed yesterday that an earnest
cnort has been made since Percy n
TIillis first threatened To bring a suit
for libel against DR., Hills to prevail