Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-02-12
YOUNG MsN's CHRISTIAN AssoolNN
Prominent Members Present - Assign
ment of the yIrginia Iron and Nail
works--The Sarrows Company.
Special telegram to tho Dispatch.

ment OF the virginia from and Nall
works-The Sarrows Company.
Special telegram 10 tho Dispatch.l
1rScHnuRG. Va. February 1.-THE if.
teenth annual convention of the Young
Mems Christian Association will convene
in the First Baptist church here to-mor-
row afternoon. Among the prominent
men who will be present are: X. X. Nc
Burney, secretary Of the New York Asso-
ciation Thomas Miller, Of Cincinnati,
member OF the international Committee;
W. l.. Galley. state secretary Of Connecti-
cut; A. :. Janison. general secretary Of
Charleston, 5. c., w. IL. Morris, of Balti-
more; j. T.. Pugh. of Washington city,
and Mayor j. Taylor Ellyson, of Rich
mond.
1t ls expected that the convention will
hold three sessions each day, and very i'm
portant work of the association will come
before the body.
ASSIGNMENT.
A deed Of assignment of the Virginia
Iron aud Nail-Works was filed late yester-
day afternoon st Campbell Courthouse.
On petition OF the company, j. Peter Will
liamss was, appointed receiver. 1t is under
stood that there are two liens on the pro-
perty. which take precedence of the deed
executed yesterday-one q mortgage for
$1,000 held by Philadelphia parties from
whom the property was purchased, and an
other for about $12, 900. The first debt has
been reduced 10 about $780, 900, thus making
the preferred liabilities about $4,000
LIABILITIES.
The total liabilities will probably not ex-
coed SI25. 600. The property is worth
much more than that. IL cost the company
about 500, 900, and since the purchase
nearly $3.50. 900 has been spent upon the
works, exclusive of about SEC. 900 expended
in the erection of the Mamie Is. blast
furnace This would represent a total
worth Of S340, 900. 1T is a reasonable ex-
pectation," said Captain G. NJ. Blackford,
who drew the papers referred TO, that the
works and property will bring nearly. if
not quite. $500, 600, of which amount S125,-
600 will be ample 10 pay the company out
Of debt"
DEVELOPING THE SABRows.
The company for the purpose of develop
ing 1.-THE Narrows" III Giles county was
formed here last night. and number of
representative businessmen from Rich
mond, Petersburg, Norfolk, and other
points were in attendance. The meeting
did not adjourn until an early hour this
morning. The amount of stock to be is
sued will be not less than S100,0O0nor more
than $4,000, 900. The following gentlemen
were elected OincerS OF tne company I:
President, Nj. q. MeIlwaine, of Petersburg
Vice President, Colonel W. A. French, of
Narrows. Va. Directors-D. A. French and
Judge A. X. Heffin, of Pearisburg, Va. /;
Judge ID. +. Johnston, ofPrinceton, W. Va. /;
Robert NJ. Wilkinson and Judge James +.
Heath. of Norfolk, Va; NJ. Thalhimer and
f. L. Walker, of Richmond, Va: Judge 5.
W. Williams, of Wytheville, Va. W. b.
Mcnwaine and w. NJ. Jones, of Petersburg,
Va, and Colonel w. A. French, of Narrows,
Va.
THE PURPOSE.
The purpose of the company is TO de-
velop the vast mineral resources OF The
Narrows. Eight thousand lots will be laid
out, the waterfront property being re-
served for free-manufacturing sites. The
section abounds in coal, iron, and timber,
all of which will be developed.
William L. Wright. a brakeman en- the
Chesapeake and Ohio railway here, was
caught between two cars this afternoon
and badly crushed about the hips.
IN HYMEN's BONDS.
A very pretty marriage occurred here
this afternoon, the contracting parties
being W. L. Conrad. Of Nashville, Tenn,
and Miss Alma Horton. of this city.