The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-05-28
PETERSBURG AND VICINITY.
ASSIGNMENT of Tobacco Firm; Liabilities,
$4,000; Assets, S1s,00O-Death of an Aged

a
$4,000; Assets, S1S.000-Death Of an Aged
Lady, &c.
correspondence Of the Richmond Dlspatch.l
PETERSBURG, May 81, 1884.
Messrs. Malone d Ingc, tobacco-manu-
facturers of this city, made an assignment
last evening. Their liabilities are between
s49, 900 and $4,000, and their assets be-
tween $4,000 and $4,000. The firm is
composed Of Mr.. William Malone, Jr. (son
of General Mahone), and Mr.. l.. ID. Inge.
They have been in partnership 1Or some
wears. were regarded as doing a good
and safe business, and their assign
ment is surprise. The immediate cause
of the failure was their inability to meet
their Indebtedness TO the Planters and Me-
chanIcs Bank, which indebtedness amounts
TO about $4,000, only some SO, 600 or $4,000
OF which is on endorsed paper. 1t Is
understood that before the deed was adj
mitted TO record pro POSITION was made to
the bank 10 surrender $1,000 OF manu-
featured tobacco at inventory price and
give notes OF the firm for the balance OF
the debt, nayable in one, two, and three
years, and that this proposition was de-
clined. = No other firm or house is affected
or involved.
The creditors OF the firm are divided
into three preferred classes, as follows:
1st. Open accounts and debts due in the
city, amounting to several thousand dol
lars.
I'd. For moneys advanced the firm by
General Malone at various times since
1881, amounting 10 $4,000.
Sd. $4,000 Indebtedness to the Planters
and Mechanics Bank.
1t is reported that in the event OF an
agreement for an equitable division OF the
assets General Malone was Wiling to
waive his claims and stand back until the
other creditors were satisfied. so as TO give
the firm an opportunity TO work through.
Colonel james ID. Brady left yesterday
afternoon for Washington, when after
spending a day or two, lie and General
Malone will leave in company for Chicago,
to attend the Republican National Con-
vention.
Mrs. Catherine c.. relIct Of the late John
Weber. OF Amelia county, a soldier OF the
war Of 1912, died at her home, in this city,
this morning; aged eighty-Seyen years.
She was a lady OF remarkably gentle and
lovabe disposition, and had long been a
pensioner on the Government.
Mr.. ID. J.. Stainback, well-known
farmer OF Greensville county. residing
near HicksiOrd, left his home on Wednes-
day OF last week under circumstances
which caused much uneasiness and anX-
icty among his family and friends. He
was found in this city, and was taken
back to his home yesterday. 1t is sup
posed that he wandered away while his
mind was temporarily unbalanced.
aNt -
morning about half-past 2 O'Clock, destroy
ing two frame buildings, one the property
OF Mr.. William j. Crowder, the other be-
longing TO Thomas Anderson, cOlored.
Loss about 5000. The fire occurred in one
OF the houses, which had recently been
vacated.
The streets are alive to-day with the mu-
steal people from abroad, who have come
to take part in and to attend the Music Fes-
tival. The Lynchburg Mozart Association
and a Glee-Club and the Norfolk ST. Cecilia
arrived yesterday. The Richmond Gesang-
yerein will come over tomorrow. The
opening concert will be given tonight, and
appearances indicate crowded assem-
blage. The audience are requested to come
in full dress, and the ladies to wear no
bonnets. A splendid programme will be
presented each evening. The first piece
this evening will be " Old Hundred" sung
by all the chorHses and the audience, stand
ing, accompanied by the full orchestra.
The third annual Music Convention OF
Virginia and North Carolina met in the
parlor OF the Young Mems Christian Asso-
citation this morning at 10 o'clock, and after
q brief session adjourned over until the
same hour tomorrow morning, IN order to
await the attendance OF a number OF dele
gates who are now on their way here.
ROBIN ADAIR.