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Show IN FINANCIAL STRAITS. Prominent "Washington. Real Estate Han Is in Trouble. WASHINGTON. Aug. 23. A sensation sensa-tion wai caused in financial and real estate circles In this city today when it became known that a petition in bankruptcy bank-ruptcy had been filed by three of the leading national banks of the- city against Thomas E. Waggoman, a prominent real estate and insurance agent of this city and treasurer of the Catholic university. The petition at the same time seeks to set aeldc a deed of trii9t recorded yesterday on Mr. "Waggoman's property for approximately approximate-ly ?S76,000 In favor of tho Catholic university, on the ground that It is void, as being an attempt by an Insolvent debtor to prefer one of Jils creditors. The petitioning banks- were the Second Sec-ond National bank, the National Metropolitan Metro-politan bank and the National Bank of Washington, each of which alleged It held overdue arid unpaid paper of Mr. "Waggoman, the total amount held by the three exceeding 540,000, of which $30,000 1b due to the Metropolitan bank. Mr. Waggoman had been In tho real estate business Jiere since 1873. and was reported generally to be a man of large means. He was the possessor of the finest private art gallery In the city, and some comment was caused several months ago, when a brief announcement announce-ment appeared In the papers to the effect ef-fect that his art works had been turned over to the Catholic university. At the time it was explained as a matter of convenience; but It Is stated now that Eccurlty to the university for money had to" do with the njatter. Jt is understood that some time ago the authorities of the Catholic university univer-sity became dissatisfied with the manner man-ner In which the funds of the institution in-stitution In Mr. "Waggoman's handB were invested and secured, and after negotiations between them a new arrangement ar-rangement was effected. This new arrangement ar-rangement was embodied in the settlement settle-ment in which the deed of trust was a part. The friends of the university say they think that it will lose nothing if the deed of trust recorded yesterday can be sustained as against the general creditors of Mr. Waggoman. |