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Domestic News March 18, 1897

Gloucester County Democrat

Woodbury, Gloucester County, New Jersey

What is this article about?

In Chicago, shareholder Bessie A. Woods filed a bill in superior court on March 16, 1893, seeking a receiver for the Pacific Loan and Homestead Association, charging former secretary DeWitt C. Butts with embezzling $232,000 and alleging officers wrecked the association.

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Full Text

Charged with a Heavy Defalcation.

Chicago, March 17.—In a bill filed in the superior court yesterday for a receiver for the Pacific Loan and Homestead association it is charged that DeWitt C. Butts, who until last summer was secretary of the association, is a defaulter, and has appropriated $232,000 of the funds of the association. The bill is filed by Bessie A. Woods, one of the shareholders of the association, and she alleges that the concern has been wrecked by officers who wasted its resources.

What sub-type of article is it?

Legal Or Court Crime

What keywords are associated?

Defalcation Chicago Embezzlement Loan Association Court Filing

What entities or persons were involved?

Dewitt C. Butts Bessie A. Woods

Where did it happen?

Chicago

Domestic News Details

Primary Location

Chicago

Event Date

March 17 (Filing Yesterday)

Key Persons

Dewitt C. Butts Bessie A. Woods

Outcome

dewitt c. butts charged with appropriating $232,000; association wrecked by officers

Event Details

Bill filed in superior court for receiver of Pacific Loan and Homestead Association, charging former secretary DeWitt C. Butts with defalcation of $232,000; filed by shareholder Bessie A. Woods alleging waste by officers.

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