The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-05
CLAFLIN HAS 5000.
AFTER PAYING DEBTS
Merchant Has Only Small Sum
in Bank-S2,OOO in Per-
sOnal Effects.
GAVE ALL TO CREDITORS
Story Of Restitution Is Told in
Report Filed by Referee
in Judgment.
SAVE ALL TO CREDITORS


John 'iahins history OF now ne mas
divested himself Of his wealth and re-
duced his entire assets to n bank ac-
,o,,,, -, sooo a,,, ,to.h,,u o,a ,.we,rv
"o''" ""' more imam s-'VoV IL '''u :"
report nled in the ofiice or county 'ierh
Schneider by Charles o. Mas as ref
ora, Nr ua,. va. onnoi,,ed tn dis.
'''e' ""e'"e' WI ''"'''' "'' ""' pup
ertE that may pe appheu 10 'he pay
ment Of judgment for s39,574 obtained
avairs, Ar clae,n Ia. tho United states
..-.'.-.'.
realty anu Improvements COMPANY ""-
der guaranty OF the rent or the
O'Neill-Adams store in sixth avenue.
NJ ,,.ei, u,ho u,as ox,wined nv r.
" baooase' 'i'e-presiue''' a""
OF the Judgment creditor. testined that
his sole place OF residence Is now at
Norris,own \ T. and tha, he has no
g.. T.,
o''ee III We" io'N' 10 'o' ~
business OF any Kind ana IL not inter-
ested in any partnership. After stating
thu, bc has a balance Of 5000 in the
si.T
american rA'""nee """"' WI ""''
said
Il own no other personal property
,v.,, ,,,, n.rso,a, .0ac,s worth No,
,. -.
more 'hah N-''""' an" '.' '"'" ''N"'
that ha,, no market value"
Mr.. clanin said that he owns no real
.s,a,o o,, TIM, h,s Adirondack camp was
convsved IN ErederIck ! M;ddlebrook
-. a,, a.r.om.r, ~ Sentember o5
ist.
<o,h,u~ 4, Owed 10 Him.
TO the best OF my kho"'euse no pe,
son or corporation owes III n'o"es
the exception oi my na'a"'e !" '"e
oank. testihed MT 'ianh.
In repi! 10 question as 10 ~"Ht
signments. DEEDS OF saies OF re', esa.e
or personal properN! aH'oun,'"e W "'o'
man Sl'oVo ~ mas 'haue S'neo 's"e
1914 MT Clanin said tnat ne ';ahs,e'Ieu @
TO the receivers OF 'he H. % ta",,s
company the corporate a..u,'.s -.
some twenty-sH retaii dry soous ,,'. storvs.
practically all OF wnicn were whoiIy
| debtors on a series OF promissory notes
T,,"rar,."
"a ,h.. 81, r,iy IetA
",. ,.n - 10 hrorsrs n. ad.
ne uepos'.u ,.aur, Ion
"i''onai se'uNs t nt,,ar TT,
shares o! lne 'o..,a ,',',, ..,..,,,, ,,,. .
facKers ASHoe,",'o''. ,, .ss
arter~ard sou U! 'ne au e
proceeds aTheu 10 i'au'u",..s ms
| count Az apou' 'he sa"'s "a'e n' aes
| 100 shares or STOCK OF 'ne Ha''o'"i Dam
OF Commerce ana twenty shares OF 'ne
Home Insurance Company ana cer'a'n
overdue mortgages amounting 70 no'
more than $4,000 IN adjusting my op-
legations TO trust company MI Claf'
lin continued:
During the week following June 20
1914. | paid to certain individuals. all
OF them being women. to whom the re-
ceivership OF the II. Il. Clafin Com.
pany brought financial distress. BY way
Of making up for unpaid interest or
| deposit accounts or for advances or
account Of the principal. securities and
| paid nv ATTORNEYS approximately ro,.
600 for services and disbursements
| ain .lun.. 1914 transferred realt,
owned nv me between Kingsbridce n nd
Eordham 20 tho Grange Realty Comnan,
ana denosi,ed the entire can,taI s,oci
- ,h. nornora,tnr as sacuri,v for loo "a,
n,.d. 10 ~. n,id :, Esdcra, ,ncn,,.
o.. ,.,, ,'onths ,.r, ~ 49,, CO..
,rs, - rau,,a,co a, ~ Va s,in.,a,
Wo.,h h',, o,,arn';s. ha'.a , ,.
,' $3.50 '. Du ,rnn.r,,, M "a. ~. 'an. aus
.,n , ;n, an. ,.,u ppH -, v, ma" ono aos pa!
v'' ,o,,. '''''e ''"" ''''0' ''"e'
''Nc w., osLo, :, .. Ian. ,.,.,