The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-12-24
THE TINES commends City Engineer
Dunlap for putting stop to the dis
gracefully bad work on Fran kiln road.
WUERzBURGER. V. B. Co.
THE BROKEN BANKS.
Roscnberger & Shirley File n Deed of AS
signment at Staunton.

signment at Staunton.
SrAuNroN, Va, Dec. 23.-lSpeciall--
A deed of assignment from Rosenber
ger e Shirley, proprietors of the Bank
of Waynesboro, tho Iron Cross Bank at
Basic City and bank at Now Market,
to Vernon II. Ford, of Luray, and c. w.
Bennick, of New Market, as trustees,
was entered for record last night in the
office of the clerk of Augusta county.
The document, which is yoluminous
one, conveys to the trustees all of the
property, real and personal, owned by
the assiguors as firm or as individuals,
for the benefit of their creditors. The
property and its location is described,
but no definite estimate of either the
amount OF liabilities or assets.
The creditors are divided into two
classes. First, tie personal creditors
of the firm or of the members as in
dividuals, are secured; second, the de-
positors of the banks named and all
other creditors share pro rata in what
remains after the preferred claims arc
satisfied. The deed is signed by A.
Rosenberger and S. =. Shirley, compos-
ing the firm.
In the deed the assignors disclaimed
any ownership in either the Pi. dmont
Bank, OF Gordonsville, or the bank at
New Market, asserting that they have
transferred, some time previous to their
assignment, all their interest in the
bank at Gordonsville to G. L. and George
A. Myers, and in the Warrenton bank
to G. w. Rosenberger. Nevertheless
the names of both Rosenberger and
Shirley appear to the public on the
checks and other paper of both of these
banks. This leaves the affairs of Ro-
senberger and Shirley at New Market,
the Bank of Wanesboro and the Iron
Cross Bank to be pooled.
A. Il. Rosenberger and S. p. Shirley
who constitute the firm, each transfers
las they claim) all their undivided prop
erty, but in the case of S. p. Shirley
there are special preferences to his close
relatives, which nearly, If not quite,
cover tho value of his property. In the
case of A. r. Rosenberger there is little
property assigned with some prefer
ences. The signature of Rosenberger's
wife does not appear in the deed, Shir-
ley is unmarried.
Ii. II. Spindle goes to Waynesboro to-
night, and G. L. Myers is there now.
Mr.. Rosenburger has not been to Way
nesboro since the assignment. He left
for Luary Saturday afternoon, the 10th.
The assignment is dated Deem Der 21st.
He is thought to be still there.
1 seems that the bank at Warrenton
was the first to closed it's doors. About
2:45 o'clock Saturday afternoon checks
were presented there, for the payment
of which there was not enough currency
on hand.
III. A. Spindle, who had just arrived,
stated to depositors that he could not
receive money, and about the hour
named closed the doors. Then the
Piedmont Bank at Gordonsville, Ros-
enberger, Shirley & Co., at New Market.
the Bank of Waynesboro and the Iron
Cross Bank of Basic city followed suit.
The Wayneshoro bank did not close it's
doors until Monday morning, or rather
did not open them that morning.