The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-01-06
zinc Penlteniinry store.

THE RETIRING GENERAL AGENT AND sTORS
KEEPER OF THE PgYITENTIARY INDEBTED ~
THE STATE IN $4,000, WHICH HE Is AT PRE-.
SENT UNABLE TO PAY--PARIIcULARs AS FAR
AS AScERTAINED.
Ii has become public that Mr.. Nathan c.
Talia!erro, General Agent and Storekeeper
OF the Penitentary for four years past, has
become indebted TO the State i'm a sum
amounting to about $4,000, which he is
not now able TO pay. His sureties have
caused partial examination OF his affairs
to be made, and about the liability men,
TONED there can be no doubt, though the
exact figures are yet TO be officially ascer-
! tanned
Mr. TaIiaierro is from Amherst county.
lie succeeded his brother, William NJ. Tala-
ierro, as agent. He sold most OF bis coun.
try property and brought the money here
and invested it.
ASSETS.
lie is the owner OF the house in which he
lives, on Floyd street west OF Monroe Park,
and another on Leigh street, and has a
number OF lots in and near his brick-yard
| uust north OF the old reservoir
With Mr.. Loving formerly member OF
the House from Amherst county, he eStab-
lished himself In the commission business,
ing. Mr.. Loving was represented in the
business by his son. Mr.. Loving is a gen.
lleman OF wealth and high character, and is
good for all his engagements and obiga-
tions OF whatever character. So It is said
/ by those who know OF his affairs.
AGENCY's PROFITS.
| Mr.. Taliaferro is one OF the most ener-
getic agents the peniteniary ever had.
| He pushed his goods into markets before
unknown to tha: trade, ana for years ID
ccme it is probable that the State will be
benefited by his enterprise.
But the agency did not prove near so
profitable as was expected and is generally
believed. Mr.. Taaferro had in his first
years to divide his commissions with others.
| Then followed the agitation OF the lease
question:; then the reduction OF ibis per-
ctntage by the General Assembly; and
later, the destruction by fire OF the work.
shops OF the institution. The appropria-
tOns were lessened nearly every year, and
when the rebuilding of the workshops was
thrown upon the institution, and heavy de-
mands thereby made upon him, he had to
raise money at considerable sacrifice.
In addition TO his agency and firm connec-
ton Mr.. TaliaferrO engaged in the manuiac-
turc Of bricks and in teaming, and in more
than one way has been unfortunate. That
he has been dishonest or that he has design
| edly wrOnged anyone those who know him
best will be the last to believe.
Mr.. TALIAFEREO'S STATEMENT. .
In conversation with representative OF
this paper yesterday evening Mr.. TaliaferrO
stated that he had no idea until the recent
examination Of bis books by Judge Brown
for the Amherst suretles (llcssrs. LOyiag
and Petit that he was so involved. Though
his indebtedness is large, he i confident
that the State will not lose dollar. His
surelies are good for every cent OF it. and
he believes that his property in Richmond,
together with assets in Amherst and else
where, will nearly il not quite reimburse
the sureties. lie expects TO be the only
loser.
AS TO SETTLEMENT.
Mr.. Taliaierro says that he was able to
present correct balance-sheet to the Board
of Directors by borrowing checks from
| friends and showing receipts for goods pur-
chased, but for which he had given notes,
and that having always paid up, his credit
was good. He has but limited number OF
outstanding debts, which are likely TO prove
available.
The Board OF Directors were not aware
OF his embarrassment until the whole thing
became public.
The Sureties OF Mr.. Taliaferro are in the
city to-day. and it is understood that they
Will secure speedy settlement. On his
part Mr.. Talaierro has prepared deed
conveying his property to reimburse them
for what they may have to pay for him to
the State.
The agent of the penitentary Is furnished
with the goods manufactured at the inslitu-
tion, and is required to account for the same
cat the prices mentioned inthe invoices. or
return the same TO the penitentiarv," &c.
&" He and his sureties shall be responsible
| for the amount OF all debts for such goods or
work." &c.
Mr.. winfield Scott, the new agent OF the
penitentiary, has not yet qualified.