Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-10-21
LEADER LIABILITIES.
The Rocks that Wrecked the
Evening Paper.

While a reporter OF this paper was
diminishing around the Court House
YESTERDAY afternoon he stroiled into the
County Clerks office, and there STUN
HE'D over a very formidable document
in the shape OF Il deed OF assignment: 1t
covered many psges, and was replete
with lawyers lore and fairly briStled
with technical terms. The more the re-
porter read the more interested he be-
came, and at last made some extracts,
which are here given.
"a deed made the 10Th day OF October,
1850 between the Leader Publishing
Company, a corporation doing business
in the city of Wheeling, w. Va, and
Chas. e. Johnson OF the first part and
VIM. p. Hubbard OF the second part.
Wi,nesseth, that whereas said johnson,
who was lately engaged IN publishing
the Wheeling EceHiag Ledder and the
Wheeling Sunday LSHSsr and in the
business OF job printing and book bind,
ing, transterren said newspapers and
the good will thereof, and the machinery,
material, stock and property OF all sorts
used in said publishing and printing
and book binding business, to said
Leader Publishing Company, and.
whereas said Publishing Company as
part of the consideration Tor such trans.
Ter. assumed the payment OF such out
standing debts and liabilities oil said
Johnson as had been contracted in car
wing on sad business some OF which
remain unpaid, and whereas said
Leader Publishing Company has in car
wing on said business contracted other
debts. which remain unpaid;
"Now, therefore, said parties oil Tie
first part in consideration OF the prem.
ises and Il iiv. dollars 10 them in hand
paid, the receipt OF which is hereby AZ
kuowl-,lged, do grant, assign and trans.
i,run,O said parties OF the second part.
the Wheeling Ereaing L'ad|r and Wheel
ing Iyli,r SarHng. newspapers pub
lished in the city ofIN heeling, w. Va,
and the news and job printing business
and hookhinding connected Herewith,
including the presses, machinery, type,
fixtures, furniture and good Will, also
all debts, claims and accounts oil every
description due either OF said parties OF
the first part and arising out OF SAID
business
This document then goes on to state
that the assignee shall sell, either at
public or private sale, all of the above
enumerated articles and out OF the pro-
cceds so arising, he shall pay first, such
debts aforesaid as may be secured by
leins upon the property, among which
is rent TO Sarah J. McCatircy $1,000.
and debt to Charles W. Franzheim OF
-, $50, and shall also pay note OF $500
held by the Exchange Bank OF Wheel
ing and endorsed by said Franzheim or
nav 80 much of the debts as the money
in his hands may suffice.
This deed of assignment then goes on
TO say: And after paying the debts last
aforesaid said party OF the second part
shall apply the residue oi the moEey, IN
his hands under this trust, ii any, to the
payment pro rata of all other debts
which were contracted ly said Johnson
or bv said Leader Publishing Company
in carving on the business aforesaid,
which are AS near "a they can now he
asrertained as follows; j. W. Berger,
SlOG: Morrison, Barr aud Coss. SIo5 o0;
John Z. Carney, $1,000; Exchange
Bank, $50; Earl W. Oylebay, Si3S; &
NJ. Rhodes. 500; Charles Stewart
;al.7S: Cincinnati Type Foundry, Si63;
III Shriver. Sl2o Il; f.. :. Norton,
Sl5l; Atlantic aud Pacific Telegraph
Company, 500; American Union Tele-
graph Company, S3733"
Mr.. Hubbard IL graClouslv al
lowed to run the papers and pub
lish them il he so desires, while
waiting for good purchasing
price. Nor is he to la liable for any
debts contracted while he is executing
this trust. To close up this epistlc, the
corporation seal Of the Lsaler Publish
ing Company, and the name OF its
President, c. G. Johnson, are affixed.
"by order OF the board oil directors"
also the name ni &. & Johnson.
AMI thus ends the last act OF the
Lcdlsr. 1t is sad to contemplate this
deed, as there is no mention made oi
the compositOr, the devil or the loca!
force. However, they are to he pitled,
and presen: indications seem to point To
the stern fact that they must be salts
lied with that Hence, farewell, a long
farewell to all thy former greatness t?l