Evening Republican, Volume 15, Number 13, Rensselaer, Jasper County, 16 January 1911 — VOLUNTARY BANKRUPTCY PROCEEDINGS BY PURTELLE. [ARTICLE]

VOLUNTARY BANKRUPTCY PROCEEDINGS BY PURTELLE.

Inienurbao Promoter has Liabilities Aggregating More Than s7o<M>oo, With Assets of Only $50,000. In the federal court in Chicago, Eugene Purtelle last Saturday began proceedings in voluntary bankruptcy. This action was taken because he wa« being pursued by a large number of persistent creditors who had claims aggregating $707,933.11. He filed a statement of assets totaling $50,989.48. Purtelle states that these liabilities were incurred in various private business enterprises, largely in Chicago real estate. He says that his action will have no effect whatever upon the railroad building along the lines he has been following here, unless it will aid the project because he will be relieved of some obligations that were giving him much concern and taking up much of his time.