The Bryan Defalcation

BRYAN

Posted By: Anne Hermann (email)
Date: 5/22/2008 at 17:13:57

Sabula Gazette
June 17, 1876

THE BRYAN DEFALCATION. – The creditors of the estate of James A Bryan, of Jackson county, bankrupt, met yesterday at the office of D. B. Nash, register, to hold their third conference. L. A. Ellis, District Attorney, appeared on behalf of Jackson county, a claim of $50,000 having been filed against said estate. The ground of the claim was money embezzled from the county treasury of that county, with the history of which all our readers are familiar. Also Chas. M. Dunbar, Esq., of Maquoketa, appeared as attorney for several creditors.

The assignee of the estate, T. E. Cannell, of Maquoketa, was present and submitted his final report in the case. He has done good service in managing and disposing of the estate to the best advantage for creditors. The estate was quite complicated and embarrassed, but the whole has now been disposed of and the proceeds divided among the creditors pro rata – Jackson county being greatly the largest creditor. The total liabilities were about $120,000.

In December, ’74, there was a dividend of 15 per cent among the creditors, and now there will be a second and last dividend of 10 percent for them. – Davenport Gazette, 14th.