Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-12-14
B. L. DUKE ASSIGNS.
THE GREAT CIGARETTE PRINCE FAILS
IN BUSINESS.
Assets, si.x.o.o4ii Liabilities. sAos'so3-
Lis, NJ Beneaciaries Under the Deed
AuPropcrfy Surrendered

nr,RUAM. n. c.. December i3-(Spe-
c,.,o--At an early hour this morning II
,,s nolsed about our streets that Brodie
l., Duke had made an assignment The
eSsignees are V. Ballard and J. #. whey
the latter being the cashier OF the Fidelity
Rank. The assets OF the estate arc
stated to be n.To.GE and the liabilities
fCS.71. or the liabilities A7.5Os consist
Of unpaid subscriptions to various STOCKS
leaving actual liabilities Of AOS2S
The preferred creditors are as follows;
First class-Expenses OF making the as
rlgnment.
Second classy. Ballard 500 per
month: J. f. Wiley. 50 per month; Full
Ter & Fuller attorneys. 500.
Third class Durham Water Company
nS: s. w. Holman & Co.. SS5; a. f.
Lloyd. g.: Morgan & Carr H52; seeman
Carriage Company. &S.$; S. +. Tomlin'
con. 1851: Educator Company. Ns; {. NJ
Edwards. $500: r. w. Vaughan. sl2S6
W. II. McCabe. SIS: all accounts due 10y
u. T. Duke individually; warehouse en-
ployees. sS0i: j. S. Mesey $S; J. n. Cor
man & Co. S25. u. n. Duke. 5000; l.: H.
pamplin. SSH. r. z. Christian, Won
w. Mangum. $50. WORKMAN wooden
Mills. 81, 40: American Tobacco Company
S1ie: First National Bank. 1.S'S; j. NJ
Reams. 5000: J. x. Chamberly. $50; =
c. strayhorn, SIS; Morehead Banking
Company, 1900
Fourth class-Fidelity Bank, as princi-
raj or endOrser on sundry notes. SZg'b2S
First National Bank. 81. 80; J. s. Gun
ningham. $500 Raleigh Savings Bank
T. 900: Commercial Farmers Bank, Ssh
H. D. Thompson. Baltimore. 5000; More
head Banking Company $1,000; Peoples
Bank of Roxboro'. 5000.
Firth cless-First National Bank
S520o
Sixth class-whlting Machine Company
sTiSa. Kitson Machine Company. $3.50
Providence Machine Company, T,027; r.
II Wright. 5000: J. l.. Watkins. $500
". J. EXum, $3.50; Automatic knittei
Company. SsA.
ALL CREDITORS.
Seventh Classic all creditors 10 whom
r. l.. Duke is liable as principal debtor
whatever the form of the paper.
The banks will not be hurt as The
md btedness 10 them is covered by good
Collatcrals.
Mr.. Duke made a surrender OF al
his possessions. including his stock in the
American Tobacco Company. tho Pear
Cotton Mills. and the Commonwealth
Cotton Company lie exempted nothing
not even his home. II is understood that
the unwillingness OF his creditors 20 eX-
tend his paper Was the prime cause OF
his failure
AMERICAN TOBACCO COMPANY NOT
AFFECTED.
NEW YORK. December l2.-Regarding
tho failure ~ 49, L. Duke. Of Duke Sons
4 Co. Secretary Butlcr. OF the American
Tobacco Company makes the following
statement:
"R l.. Duke has never held any official
position In the American Tobacco Com
pany This company IS not interested IN
his affairs I'm any way whatever. This Is
I'm explanation Of the dispatch received
from Raleigh. X G.. this afternoon an
uouuCing the assignment OF Il. J.. Duke. -
lie said Duke hod not been a member
~ Duke. Sons & 60. since the American
Tobacco Company was organized. He
knew nothing about the failure except
that Duke Sons a GO. and the American
Tobacco Company were not affected.