The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1890-06-19
W. A STILES IN MADISON.
What he Thinks of the Situation Money
Enough for all Creditors.
IFrona the Madison Ne.osl


A. Stiles Il Co., late Roanoke & South
ern contractors, arrived az Madison
Monday, ami WAS here f.,r the purpose
of Investigating all claims against his
firm, and rs he states to have the same
satisfactorily adjusted.
He says that he, as head of the firm
was not fully notified of the crisis in
the affairs OF his son here, and that he
would have advised different pro.
ceeding; an assignment should have
been made, both of stock and money
due the firm, thus securing ere 1itor.
and preserving the reputation of the
firm.
Enough money is now due Stiles 4
Co. to more than cancel every dollar
of their Indebtedness. The estimate
foi May work is about $4,000, and
this with the property on hand, the 1O
per cent. indemnity and the final esti-
mate will run the total assets to about
1923 900, and his total Indebtedness is
about $1,000. This fact has been APP.
parant to every one, bnt the question
is can this sum be recovered. AL
though it is conceded that the labor
ers will be paid. Messrs, Breen & Fee
ley claim that this amount is forfeited
by default of contract, and the matter
is thus complicated, and will have to
60 through the courts for adjustment
How the matter in this respect will
terminate it is not e..sy to foresee.
The stock, consisting Of % mules
aud two horses, were sold on Tuesday,
the receipts aggregating $2,306. The
stock sold fairly well, nearly reaching
their original cost; the tools, etc., will
be sold at future date, after judy
ment is granted on the 26;h inst.
In regard to tine whole affair Mr..
Stiles talked freely, and among othei-
things, he said:
I'VE have never given up our con
tract; we merely suspended for causes
unavoidable, and which we could not
control; we were temporarily embar
raised by the action of the general
in not paying over prompt
the money due us, and by the debts
which we're pressing. In this state OF
affairs my son, who was in charge.
worried and harassed by difficulties
and circumstances not our fault, con
cluded to suspend operations until he
could go to the home office and con
suit with me about what should b.
done He came to Kansas City com
pleieiy worn uut, mentally and physi
cally, by anxiety and worry. Many
of the actions of the men under him
were not ordered by V. Fl. Stiles, and
he was not responsible for them. The
were served ON the stock
before he could return from Winston
with the money, and finding the work
thus embarrassed, it was impossible t.,
20 IN with the contract at once. He
knew that the estimate for May wouli
more than pay all claims, and there
was no intention to defraud any cred
tor"
There is one thing which clouds the
above version, and that is McDonald's
statement that he was acting under
Stiles instructions, and V. II. Stiles
letter to creditor instructing him how
TO secure his account, and stating that
under the circumstances they were
to give up the work.
Mess,s. Breen & Feeiy and the n.
G. & Va Construction Co. were sum
moned to answer on oath today what
sum, if any, they were indebted t.,
Stiles & Co. This proceeding was in
behalf of the creditors and laborers.
On account Of the unavoidable alb
sence of r. b. Glenn, Esq, attorney
for Breeu & Feeley, the matter was
continued until Monday, June %.
Mr.. v. H. Stiles returned today,
both members of the firm now being
on the field, and say that it is their in
tention to protect the interests of their
firm, and also to see that all creditors
are secured.
1t will likely be holly contested
fight on all sides, before it is finally
ended.
Stiles has made a formal demand
for the privilege to continue the work,
which has been refused. The contract
is not invaldated, they claim, for 80
days after suspension, and admit they
are liable to Messrs. Breen & Feeley
for damages by delay, said damage to
be assessed by appraisers.
The attorneys for the creditors are
they will recover, but only
after a process of law which may go
both courts; it will be about 6
or IL months, it is thought, before the
matter will be concluded.
BREEN & FEELEY ATTACHED.
The complications thicken and the
interest strengthens. Messrs. w. A.
Stiles & Co. have sued out a warrant
of attachment, returnable to the SUI
perior court of Guilford county, against
Messrs. Breen, Feeley & Newly, for
$780, 092.50, due by contract, and all
their stock, tools, implements, etc, are
now in the hands of the sheriff, the
being levied on late this
evening. The attachment also in
clndes the estimates due this firm by.
the Construction Co.
Messrs. Mebane & Scott and Glenn
& Glenn, have been retained as coan-
sel for Breen & Feeley; Messrs. billiard
& King and Ball & Bynum represent
Stiles & Co.
This is new and to some an unex
pected move on the part of the Messrs.
Stiles. 1t will not interfere with the
of the road, however. as
will probably be made
by the attorneys by which the prop
l. l.