Rensselaer Semi-Weekly Republican, Volume 40, Number 42, Rensselaer, Jasper County, 31 January 1908 — DECIDES FOR ACCEPTANCE [ARTICLE]

DECIDES FOR ACCEPTANCE

Referee Bowen Authorizes Trustee Chapman To Compromise Delos Thompson Claim. r Referee John G. Bowers, under date of Jan. 28th,[issues his order in the petition of Delos Thompson in the claim against him, growing ont of his association with T. J. McCoy and others in the old Rensselaer Stock Farm Co., seeking a compromise. / Mr. Thompson filed a petition on the 10th day of November, 1907, asking that the Trustee De empowered to accept the sum of SIO,OOO in fall settlement of the claim against him. The decision of Referee Bowers is that the Trustee shall'accept this settlement, and notices have been sent to the creditors to the effect that the order had been issued. The order says in part : “ * * * This referee having examined the said petitions respectively, ana the several statements of facts presented by said counsel respectively and having read said briefe and having heard the state ment of said counsel respectively pertaining to alleged facts and the propositions of law deemed applicable to each alleged facts, and it appearing to this referee that said claim of said trustee against the said Thompson is now pending as a civil action in the Lake circuit court in the state of Indiana, in the complaint in whioh said cause of action there are nine paragraphs, and that the transactions constitut ing the basis of said snit are numerous and complicated and cover a long period of time, and that some of the material facts involved in such controversy are in dispute, and that the propositions or prin ciplee of law applicable to such alleged facts are numerous, and further that some of such proposi tions of law apparently applicable to the facts likely to be established are apparently not expressly settled by the oourts of said state, and not uniformly determined by the oourts which have considered the same or similar propositions, and it further appearing that the said Delos Tompson is willing to pay the sum of ten thousand ($10,000) dot lars in cash in full settlement of the said claim, and this referee being of the opinion that a compromise of said claim on behalf of said true tee for said sum in cash would be an act of business prudence upon the part of such trustee, and that he should therefore be vested with authority to compromise said claim for the sum of ten thousand dollars, or any sum in excess thereof, in cash, “It is therefore ordered that said trustee be, and he hereby is, authorized to compromise said .claim against the said Delos Thompson for the sum of ten thousand dollars in cash, or in any sum in excess thereof payable in cash, and that he of his action in the premises make due report John O. Bowers, i Referee. The creditors of the A. McCoy & Co.{bank who are effected by the order, and who are somewhat divided in their opinions as to whether or not they wished to ao cept the compromise, have,ten days in which to appeal from*the order of Referee Bowers to United States District Judge A. B. Anderson, of Indianapolis. Several of the creditors who were on the counter petition which aimed to prevent the order for compromise state that they are prepared to stand by the decision of the referee, and it is tolerably certain that the decision of Anderson would[sustain that of Referee Bowers. This* being the case it would probably be the better proposition now for the creditors to aooept the order as final and thereby nring the matter te a dose and avoid additional expense. This will guarantee creditors a dividend of about 21, cents on the dollar. _ A beautiful souvenir for every SIO.OO worth of ooupone. Chicago Bargain Store. Don’t forget the date of F. L. Born tracer’s sale—Tuesday. Feb. 4th. He will offer] (several good honss for sale.