The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1889-11-20
WHAT THEY SAY ABOUT NIX
AND WHAT NIX SAYS ABOUT E1S BUSI-
NESS, HIS CREDITORS, AND
THE GOSSIPS.

| NESS, HIS CREDITORS, AND
THE GoSSIPs.
Representatives Of More Creditors
MISREPRESENTATION OF the Dis
consOIaie at tho Mansion House.
! AppointGncnt Of A=cnt---A EIifci
Over Flour and Cotton Baggin@--
Pathetic Circular OF MIR. Nix.
GrecnriLc .NcmS.
The assignment OF j. II. Nix was tho gencr
nj topic of conversation yesterday. Very few
of those who had discussed his cmbarrnss
mpnt and the probable outcome of II though
| that an assignment would be made, and mos
people were surprised when they remd in TIL
News of yesterday morning the full accoun
of the creditors meeting and its result.
The movements of Mr.. Nix had been watch
cd with intense interest by those personally
interested and by the people Of the city II
general. Up to ten O'Clock on Thursday nigh
nothing definite had been agreed upon between
| Mr.. Nix and the swarm of creditors and for {
long time it seemed that the matter would re
| main unsettled to Il later time.
1t was impossible to ascertain yesterday
with any certainty OF correctness what tllt
percentage 10 the creditors is likely TO be. j
| III. Ellison, the assignee, has tlien charge and
| has had all the stores formerly belonging tt
| Mr.. Nix closed. The one in this city was moi
opened for business yesterday. but in the 9th
er places business went on till the managers
| were notified to close mp. Mr.. Ellison las
| written TO the managers To bca in taking stock
on Monday and TO forward reports To him by
| saturday, the 2id instant. to submit to Il meet
| ing of cred tors, which Will he held 1T The OF
| flee of Wells Il Orr. The assignee will visit III
the stores and see that everything is properly
| transacted.
! An informal meeting of creditors was held
| at twelve o'clock yesterday in the Mansion
| House, ut which q large amount Of indebted
| ness was represented. l.. w. Parker was choS
| en- as the agent of the creditors. a resolution
was also passed requesting the assignee TO al
| low Mr.. Parker To cooperate with him In Tho
| management of the affairs until he could b(
regularly selected at the meeting on Satur
day.
| Ten or twelve representatives of business
houses which have suffered for large amounts
| arrived post haste yesterday, the day after tho
| lnir. OF course they could do nothing and
will have to wait and take their chances will
| the balance Of the creditors. Other houses are
| yet to he heard from, but 1t Is probable thai
| all the creditors will bp represented on Satur
day. The actual state OF affairs will then bC
brought to light and the assets and liabilities
can be determined with some accuracy. 1t Is
| propheSied by some that the liabiiit les VII
run up to $2DO,000, and the assets are placed al
the figures given yesterday, from $4,000 to SO,
U0J with probability that they will be nearer
| the former figure. although il is claimed by
Mr.. NiXs friends that they foot up more than
5000
The Merritt Milling Company, OF Morris
town, Tenn, one of the heaviest creditors yes
terday gave notice through their attorney, tC
| the agent of the Richmond q Danville Rail.
road Company to stop the delivery TO r., !
| Tennessee concern to j. Il. Nix. The delivery
OF Il big lot OF cotton bagging TO the same per-
son was also stopped. In the sale Of the store
in the West End to r. y. Hellams and w. s.
Gray the car load of flour and the cotton bag.
ging were included in the purchase price
Mr.. Helams paid the freight and yesterday
had transferred to his store about eighty bar
rels of the flour. The delivery of the re-
| nN a Ininp StOnD0I they
are still in the car. as is also the bagging, only
| Il small amount of which had been transfer
red. The action of the flour company will nc
doubt bring on law suit. MIR. Hellams
claiming that the property IS his by the terms
of the sale made beween him and Mr.. Nix
and the company standing by its purpose tc
| hold To the flour.
Mr.. Nix has made statement TO the public
| through the following circular, which was left
at TIE NEWS office yesterday.
"JUDGE NOT TOO IIARsHLY."
Dear Slrs :-Unkind words pursue the un.
| selling goods cheap to make way with them Is
the invention Of depraved slanderer. This
charge can be answered in my case beyond
all cdvil 1 marked no goods, and only sug.
gcsted to my managers to sell ccsiain articles
| as leaders, and happily for me, In this crush.
ing hour Of agony, when everything has been
swept away, these articles that suggested rs
leaders wcro cash goods, by the sale of which
| could only realize cash already paid for
| them and if there was any loss, had simply
put up more than l took down. My managers
| and clerks fixed the prices OF the goods sold
| Had wished to push goods Off at q sacrifice
| | could have made sales OF my stores as a
whole even on the day of my assignment for
| | had urgent offers TO do SO, and the cash
ready. Had been Matching up debts to suit
my convenience, here was my chance to get
the cash and do ii. make this last remark
/ in answer 10 question which contained
some such insinuation. After had said
had paid out all money as collected, and
could not get enough for the demand. was
asked what l did with the money collected
am proud to say that an attorney represent.
ing some OF the creditors kindly said l had
stated more than he would under similar cir.
cumstances. did make full statement OF
my assets and Of what disposition 1 made OF
ali my property. And propose to take the
beartiest interest In all my affairs and realize
| all can out OF them for my creditors, al.
though my dream as merchant t is ended for.
ever.
"As to my being indefinite in my state
ments, any one who will take all the facts in
my possession will see ut once it could not he
otherwise. All my books and papers at all
points are open at all times for inspection.
Let those who would not protect debts OF
friends for cash entrusted to them at ~ small
| interest censure inc most. Extraordinary eff
| forts were made TO force me TO make a state
ment. This got up unrest among those
whose money had. When l paid 1t out
discovered where stood. With al my bust
| ness enleipIisco vi manu-, SCI ueSpeTalcly 10
work to meet my demands on November 18th
which had been as late as ever had wanted
| to pay ary demands
"Kind offers TO put money in my hands
were gone. told my creditors. when / failed
to get the money, was ready to do their bid
ding. They said assign. and did SO, giving
up even my homestead. / will not mention
that was caught on the wrong side Of cotton
futures, hut will only say that misfortune did
not come single handed.
INV wife who had 81 5000 in nv business.
| will make no claim, il am treated fairly.
| "Praying the same consideration that you
would expect If we could exchange places,
am.
VERY respectfully,
~. Il. Nix"