The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-02-04
THE FURNITURE .sslaNMEAT.
The Riverside fhctory's Embnrrnss
mcut. g- NJ. T.

Tie Riverside fhctory's Emburrnss-
mcut. ~ w.
A decd Of assignment made by the River.
sids Furniture Company, Of this city, 10 S.
P. Eli dteth sud James Wheeler, IVES admit.
ted 10 record Saturday. It transfers TO these
| gentlemen all the property OF the company
| including the real estate, valued at 81 600
and consisting Of tbs elegant new factory and
Lumbar yards On Wafer street, South sidt; all
The manufactured stock and raw material on
hsud, aud accounts due the firm. Tbs assets,
| exclusive OF accounts due, are about j93 600
! md the accounts IRE large and good.
The transfer is made subject to the follow
Ing trusts: First. the payment Of
| tho expenses Of tbs execution OF the trust,
and then ia the order namtd, the payment
OF notes to the Commercial! bark aggrsgatipg
S35 COB; note to Henry schrader for $lC0
with interest from January lth ,lsSi; nCto to
Louisa Gegner for Soc with inter- 8. from
January cob, 1884; note, $500. January
22i, 1884; note, $500, February lob, 1885,
four notes TO August R1cktriand, one $500,
September 2l,t, 1883; 800, September IL b.
| 1853: 500, October 10Th, 1885, $500, Sep'em-
Der Oh, 1883; Henry Bode Two notes. $275
August lin, 1888; $o0G. July Olaf, 1883; j. F,
Messchod, two ao,ei; $500. September eth,
1883; Sl00 October 1st, 1883: note, Joseph
Wilson; $io5, Oct. bar 9th, 1883; August Corr
ing. tho notes; $i75 81, Oc.ober oh, 1888:
500, December 2otn, 1882; German bank,
500, Jauusry 30tb, 1881; $500, October 1st,
1851; Exchange bank S3lS. due Fabrrary LIST,
1881; Ss25 due February Ssh; 500 due Msy
22j; note fvr $3.50 to Charles Ecnstrulh, due
March Slst, 1854; note 10 G. Bnrkman for
$500. All the residue, II there be any, is to
revert 10 tho company making the deed. II
is also stipulated that should any sale be
made OF the effects Of the company said safe
shall take place ut the front door OF The
County Court House.
Tie assels are expected TO leave a con.
siderable bslarco after paying the liabilities.
The works will be run by the trustees TO work
up the law material aad prevent the depre.
citation OF the property. The company Is tho
outgrowth OF the firm OF Me'z1sr & Shell
hAse, whose establishment was entirely dc.
sttoyed by Ere three years ego. When tile
works were rebuilt joint stock company was
formed, many employees OF the concern taxi
lrs shares to the extent OF their meanB. The
W0rkmen will not be thrown out OF employ
ment, ut least for the present.
A gentleman interested in tina factory said to
mn lNTRLL.dESCEI r. potter Saturday Tat the
camraay would probably be reorsau:zcd
aud the woIks Bought In and gwen a new
start Tho assignment was made because OF
the fact that there was considerable pa.
per til,at without cash III tight to meet il,
and Mr.. Hildreih, representing tie hank,
urged the course upon this Board OF Di.ec.
tors. Tho business has bosn prosperous, but
thsres.e n good many sccoun,s outstanding
and the company lacked capital 10 bolster II
up through the emergency.
Ihe VOTES arc The moat extensive furniture
iAcioryin this lection OF country, and tie
Compauy's ombasrasrlsLt is scaernlly re.
ssetted. Ia ~. s'' =