The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-06-21
A HEAVY FAILURE.
LAWRENCE LOrTIER, THE TOBACCO
MIST, MAKES An ASSIGNMENT. ,
The Liabilities VIII Aggregate f"'"
ssveu Thousand Deiiars-A siss oil
the Preferred Creditors aud
the Amounts Dae Zach.

The said Lottler. Mr. Lottier grants
CONVEYS. aud assigns, AMI sets over 70
Henry Iandon Cabcli. trustee. the loi
lowing property. Allthe machinery, I'M
plemcnts, tools. utensils. boilers
presscs. shapes. iinishers, lump ma
chimes. shaftiDg, betting. piping, DO"
ors and fixtures Of every kind ana
nature whatever, used by the S''u
Io,,,er in his business Of
manufacturing tobacco. sltua'eu
IN the factory IN when ~
has been and Is now doing bnsin's'
at the corner Of Franklin and Nine,
teenth streets. in this city also. al o.
his stock of goods, wares and merchd"
disc of every description. consisting Oh
tobacco manufactured and III ui'
couree of manufacture, and all suppil's
and machine, of every kind and ma
ture. and all other goods. wares an"
merchandise. il any. wherever Iocaie"'
whether IN or out of this State. ahu
chooses in actions and debts due 10 raIo
Letter. whether bonds. bills, or notes
drafts omen accounts, and all other
forms ri indebtedness whatsoever ana
aecut,ties of every kind aud nature ioI
such debts: and all the Office FURNITURE
books of account, all cash III ms p'ac'
of business. or in bank. and all ln
terests. rights AMI benefits OF sail
LATTER IN or under any ana az
policies Of insurance, whether lie OF
fire. with the rights 10 the sad trustee
of All sums due. or which may becoin,
due under such policies. or any one Vl
them: and all other and assets OF 'n'
said Letter. of every kind whatever
whenever the same may be situated
whether In or out of the State, save
and except the household and kltchen
furniture Of Mr.. IOttier.
This deed. IT is stated. was made ioi
the purpose Of securing the pay ment o.
the debts hereinafter mentioned.
To TAKE POSSESSION AT ONCE.
The trustee is authorized to take IN
mediate possession Of the property
named and assigned. and shall proceed
IA convert the same into cash as eafis
A. he can do so with advantage 10 the
trust fund. lie may sell the macnihe
nv. fixtures. &c. the stocks OF mei
chandise and other visible property
herein conveyed. either privately or al
auctiou. as he may deem most Deheh
ciai to,dhe trust, and either as a whole
ar in narcels. as he may deem best.
from time to time, and either Ion
cash or upon such credit ar
he may deem advantageous; tax
ing. however, good security IN al
cases of sales on credit. He shall col
lect all debts as speedily as possible
employ agents and counsel when Deces.
sary in the execution of the trust, aud
fix their reasonable compensation. ne
shall make an inventory OF the piopelil
hereby conveyed TO him, and keep said
inventory open TO the inspection oil al'
nar,ies interested under the deed. lie
shall keep the property insured againS'
loss by fire. aud shall have power t.
nav off and discharge any lien for rent
or taxes ON any of the property II be
shall deem il Iudiclous to do 50.
DEBTS DyK.
After paving the expenses incurred
in recording the deed the trustee IL au
thorized to apply the prOC eeds OF the
property conveyed to the payment ol
The following debts due by Mr.. LotIiel
iu in. following order of priority
First class: To James \. Boyd a Co.
IS COZ 81: t. the Planters Nauona
Rank. Richmond. Va. S6Hi.ft. amount
of an overdraft: to j. NJ. Brooke a Go.
PHILADELPHIA. S3s3 borrowed money
and salary. to Hiram Lands. of fftt''
burg. Pa, $50 for salary; TO II. BalmeI
of Chicago. S3j.O6 salary, TO MIS-. NJ. NJ
I.ottier. sos borrowed money, ano
wages due To the manager and laboicr'
al the factory for the current week
supposed TO amount 70 about $500.
Second class To James ID. Patton q
60. the sum of %. 732. 50. evidenced b,
MI fOtter * notes.
Third class. To J. p. Carver. SOD 'O
TO Lewis NJ Griffin & Co.. Slo5'
To- 4. r. Quinn. surviving partner %c.
S29j4.29.to NJ. T.. Mcdowell a Co.. ~
1903. 80: To =. T.. Lathrop x Co., S190'O
10 John A. Kraft. sl0l 80; to Me
Andrews Forbes. S2A3.l2. 10 Jamei
Gum, Son a Co.. S2O1o1. % Harwoo'
q Jones. ~ .663 40: to A. l.. Stfaase "
Co. S2O9 %. to Gaines X Glover. Sl6S59
To William II. Scott. S2S3 CD; TO Mrs
BE. Iotticr. s. .49s Is; to Mrs. NJ. lot
tier. -. 4Oi 20: to Mrs. Nellie. 1919 81
To Mrs. Molle lOtticr. sol Os; 10 th'
estate of Mrs. Lily Upshur. SY32 ~; Il
Mercer Pottery Co.. $50 25-other debl'
10 same company. - 800; To Fensterci
& Schreitmiller. Sl32.S5; To Sharp y
Doane, Sli3; 20 Union Paste, - 6O' IL
George j. Burkhard Sons, S22 ~, t.
III. k. WorthiBetoD Sons. S6o Gu Il
Manhattan Watch COMPANY Sf22'oO
to Hamilton q Lilly, Si15.l3; To Weaver
Il Sterry, S3759; 10 Cbeescboronsl
Manufacturing Co., $40: to Isaac
Fried,nwald. Sl2: to Frederic
Brecht. $50. 30 Biddle Hardware
Co. SSl2.5O: to Calver Lithogrspl
Company, SD. to III. Muhr's Son. II,
2s4.5O; 20 W. ii. Scott, S65; to Daven
port q Morris, S73.20; to n. V. Ran
dolph, S21.SO, To Gaines a Glover
Si6Gi: TO A. Pohlig, SIC 40, TO Nir
GINA Printing and LithOgraph Com
pany. SD 80; TO f. A Saunders a Son.
Si4S -: To j. l.. Hill x Co.. SO 90; {,
William 5. Wood n son, $50; to smut
Il Courtney. 500. 80; TO James Gum a
Co.. Sl37. so: 10 James McGraw. 81 %
to James ID. Patton q Co.. S239 10; &c
II. NJ. Smith 4 Co, SOP 90; 10 ). l.
Hill q Co. Sl4.05; Randolph q Eng
lsh. -. 80; Virginia Printing Company
$500.
II any of the foregoing creditors hol,
as collateral any Of Mr.. Lotuer
property. or hold any security or j Iei
for the debts. or any part of them, they
shall be- deemed to be secured 10y thn
deed only to the extent Of what may
remain due on such debts after The
same shall have been credited by what
ever can be realized from such coilatera
or lien pledged or given by Mr.. Lotliei
to secure sucn debts; but this provision
shall not apply where the property OF
anv other person not bound for the
debts may have heretofore pledged a.
collateral.
The liabilities are about S41,OOO; as
sets, not known.