Jackson County IA Archives News.....The Bryan Defalcation June 17, 1876
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File contributed for use in USGenWeb Archives by:
Ken Wright wright@prestontel.com July 18, 2013, 8:18 am

Sabula Gazette June 17, 1876


    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 the estate. The ground of
the claim was money embezzled from the county treasury of Jackson 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. The estate 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,
1874, there was a dividend of 18 per cent among the creditors and now there will
be a second and last dividend of 10 per cent for them. 



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