Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-07-12
BROS ASSIGN.
A Heavy Failure in the Wholesale Liquor
Trade.
NEUTRALITY-SUSPICIOUS., BUTLARGE
Schedule Of the Preferred Creditors to the
Amount Of $1,000.

odtuEua! morning fuman SOutn anu
Everly South, partners in the wholesale
liquor trade, under the firm name of South
Bros, doing business at No. 1927 Main
street, made an assignment to Herman
SchlOss, of Pittsburg, for the benefit Of
their creditors. The deed of assignment,
which bears date of July 10, conveys to the
assignee all the stock of liquors, case
goods, mineral waters, tobacco, cigars, and
other merchandise in the place of business
occupied by the firm, together with all
book accounts, notes, judgments, claims,
and other evidences Of indebted
ness belonging or due to the said firm of
South Bros, together with any other as
sets belonging to the firm, with the usual
authority to collect and sell the same;
said assets including the leaf tobacco be-
longing to said firm, but procured in order
to be manufactured by them under \ Ii
cense issued in the name Of Frederick
Roller, but said transfer is not to include
three barrels of whisky, the property of
L. l.. Garard, stored with said firm at their
place of business.
The assignee is first to pay to II. NJ.
Russell SIS, for professional services and
the expense of recording the deed ofassign-
meut.
Secondly-He is to pay the expenses of
executing the trust, including the usual
commissions.
Third-He is TO pay to Annie Z. Cald-
well, rent due on the premises occupied.
Fourth-He is to pay to the employers
Of the firm such accounts rs are now due
them.
Fifth-He shall pay to the firm Of Adler,
Roedelheim * Co, OF PittSburg, the
sum of 50, 800 80, with interest on the sew
eral parcels thereof, Us follows: note due
June "A, 1856, for $50 81; a check due
July 3, 1886, for $500; q check due July
Is, 1886, for Sl92 40; the sum of $50 VI,
balance due on q note due December 30,
1885; the sum of 1888 AZ, on a note due
January %, 1886; the sun of 1913 Al, II a
note due March |, 1886; the sum of S452 SO,
on q note made by Bridget Noon and en-
dorSed by South Bros. the sum of Sl2l 81,
on u note made by W. Handlan and en-
dorsed by South Bros, and the
sum of $54? 96, on an open account
due June /, 1856. The assignee
is also to pay to the said Adler, Roedelheim
& Co. such amounts as they shall pay n
endOrSers on three notes made 10 their
order by said South Bros. and by them
endorsed and discounted, a~ggregating the
sum of 81, 0ll.l3, one of which is for
S3lS. 80, due August 4, 1856; another of
which is for 1916. Al, due July %, 1856,
and the third of which is for S346. az, due
August %, 1856.
Sixth-After making the payments here
tofore mentioned, the assignee is, out OF any
residue then remaining, to pay to ii. g..
Coney, of Brownsville, Pa, the sum OF
$642, due him on q note made by the said
South Bros, dated July |, 1856, and pay
able one day after date.
Seventh-The assignee is then to pay TO
Samuel Thompson, of Brownsville, Pa,
the sum of 81, 157. 81, with interest from
the maturity of the notes until paid, due
him on three notes, one of which is for
$685.. %, due July 20, 1886, another for
$685.. "a, due August rs, 1886, and the
other for 1886. 81, due September 20, 1856.
Eighth-After making all the payments
already mentioned, the assignee is to pay to
W. A. Carter, such amount, . not exceed
ing, however, the sum of $500, "a he shall
be required to pay on mote for 81 600, made
by the said Carter, and on which Firman
South is also n party, which note was
used to borrow a sum of money, of which
$3.50 was used by said South Bros. He is
also 10 pay said Carter such amount as
Carter shall be required to pay rs accom-
mediation endOrser on o note made by said
South Bros, for $500, and now held by the
Commercial Bank, due July X, lsSG. This
note has been reduced by a credit of SlOs.
Ninth. Pay To William Britton, of
Brownsville Pa, the sum Of $3.50, due
him on an open account.
Tenth-Pay ratably all other indebted
ness of the firm out of any residue which
may remain after the preferences are pro-
yided for.
A reporter called upon Mr..
Schloss, the assignee, yesterday after noon,
with n view to learning something regard
ing the total of the liabilities and the prob
able assets. That gentleman was busy
taking an inventory, and aid he would
not attempt to approximate either the
debts or the assets at that time, but thought
he could give definite figures by Monday.
The firm located here about three years
ago, opening their store for the sale Of their
own make OF liquors, ashley operated two
distilleries in Pennsylvania, one located at
Brownsville and the other nj Bald Hill.
The always did an extensive and apparent
" lucrative business, and the failure was a
complete surprise to all but a limited num-
Der of bankers and business men.