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COURT APPROVES RECEIVER'S BILL A POND AND ELLIOTT PASS ON GUARANTY LOAN ACCOUNT. I Of the $113,000 Collected, the Allowance to the Receiver and Attorney Is $97,496.73 for Their Seven Years' Work - Judge Simpson Dissents and an Appeal Is Probable. There is a difference of opinion among members of the district bench as to the equity of allowing $97,496.73 expense for administering an estate, the assets of which amount to $113,000. The question raised is whether or not $81,982.12 is too large an amount to pay for the services of a receiver and his attorneys when added to this there is a $15,514.41 bill of expense and the creditors are allowed $16,000. Judges C. M. Pond and C. B. Elliott, after careful examination of the facts, have become convinced that the account presented represents nearly seven years of arduous work upon the part of the receiver and attorneys, a large part of which was in nearly every eastern state and involving the employment of associate counsel. For this reason these judges have filed an order allowing the account. Judge Simpson has filed a dissenting opinion and the case will probably go to the supreme court. The majority decision, approving the final account of the receiver and winding up the affairs of the defunct Northwestern Guaranty Loan company gives the receipts and the final distribution as follows: Receipts— From resident stockholders, $21,600.00 495.47. From non-resident stockholders, $87,Interest on bank deposits, $4,401.06. t Total, $113,496.53. Distribution1 To the creditors, $16,000. To Hale & Montgomery, heretofore allowed attorneys' services, $2,500. To W. E. Hale, receiver, and attorney's services, $32,009.55. e $35,633.87. To M. H. Boutelle, attorney's services, 838.70. To eastern attorneys for services, $11,Total for services of receiver and attorneys, $81,982.12. r S $3,931. To M. H. Boutelle for personal expenses. S $3,146. To W. E. Hale for personal expenses, For miscellaneous expenses heretofore approved, $630.22. r For miscellaneous expenses by this orS der approved, $7,807.19. u I Total expense of administration outside of services of the receiver and attorneys g 1. and personal traveling expenses of receiver and M. H. Boutelle, $8,437.41. e Judges Pond and Elliott, in their 1. memorandum, cite the labors of W. E. Hale, receiver, and M. H. Boutelle, atitorney for the receiver, during the past S seven years, and maintain that they S fully earned the amount received. They show that the litigation has been carS ried on in this city and state as well r as in foreign states. That numerous 1. cases have been prepared and tried in e various courts, including the United S States supreme court; that knotty legal problems have been solved and the best cf counsel has been