The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1888-01-19
Sale of the White Sulphur Confirmed.

Baltimore San: Judges Bond and jack
son, sitting in Baltimore as Of the United
States Circuit Court for the District of
West Virginia, yesterday decided to con-
firm the sale of the Greenbrier White
Sulphur Springs to William A, Stuart. and
directed the receiver, A. L. Boulware, of
Richmond. to give the purchaser pos.
session. The questions of the liability of
the stockholders for unpaid subscriptions
amounting to $3.50, 900, and the validity of
the deed Of trust to Isaac Darlington and
w. W. Gordon were reserved until Feb
uary l, 1888, which the court will meet at
Parkersburg, w. Va. On January 80,
1880. William A. Stuart, J. N. Camden
and George l.. Peyton entered into an
agreement to form the Greenbrier White
Sulphur Springs Company, under, which
Mr.. Stuart purchased the property at
judicial sale under a decree of the United
States District Court of West Virginia.
The price was. $40, 900. The parties took
possession and operated the watering place
during the season Of 1880 as the Green
brier White Sulphur Springs Company.
but the company was not organized until
December 8, 1880. The organization
took place at Barnum's Hotel. Baltimore.
The subscribers were William A. Stuart,
George l.. .Peyton and Henry M. MATHEWS,
each 275 shares; J. n. Camden, 1873 shares,
and William 2. Thompson, 1877 shares.
The shares were 800 each, and the sub
scriptions amounted to $150,O0O. The
Stockholders were elected directors and
Mr.. Stuart president. The Board of
Directors adopted the following resolL-
lions: ION motion, stockholders were
called upon to pay in their respective pro-
portions Of the 81 900 heretofore agreed to
be paid. which. when paid, will be in full
OF the capital stock Of 81 sc, 600 provided as
full paid up stock" The president and
secretary were authorised to issue GER
tificates Of payment Of the capital stock.
The capital stock was subsequently in
creased to 100000 and then to $500, 900.
The property passed into the hands of the
corpOrators, Mr.. Stuart reserving a ven
doris lein of 1896. 900. In the fall of 1882
the company collapsed, owing about $780,
in 1852 the board authorized the issue of
coupon bonds to the amount Of 100000,
and 300, 900 Of stock at par, to be sold to-
gether. deed Of trust to be executed to
secure the bonds. It was ordered that the
stockholders should have the privilege of
taking the stock and bonds in amounts
proportional to the stock held by them,
Mr.. Stuart and John P. Branch each re-
ceceived $4,000 Of bonds ant s25, 900 stock.
j. w. Kerr received $50 ,00U II bonds and
81, 900 stock. Of the Indebtedness of the
company about $40, 900 is due To Baltimore
creditors. who filed bill in the name OF
VIM. Knabe q Co. The Counsel who
argued the case in Baltimore were Judge
William J. Robertson. of Charlottesville,
Va, for VIM. A. Stuart; Leigh R.
Page, for Jno P. Branch; Charles S.
StringfellOw. for Johu w. Kerr:
Judge n. I'll. Marshalland Tazewell Elicit,
Of Richmond, for the unsecured creditors.
whose claims amount to about $500, 600:
ex-Gov. Jacob Jackson, of West Virginia,
for J. n. Camden, and A. F. Matthews
for the Bank of Lewisburg, w. Va.
Blowing Up He'll Gate
has been laborions and costly work, but
the end justifies the effort. Obstruction
in any important channel means disaster.
Distractions in the organs of the human
body bring inevitable disease They must
be cleared away. or physical wreck will
follow. Keep the liver in order, and the
pure blood courses through the body, con.
veying health. strength and life; let it
become disordered and the channels are
clogged with impurities, which result in
disease and death. No other medicine
equals DR.. Pierce's "Golden Medical Dis
covery" for acting upon the liver and puri-
flying the blood.