Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-01-09
ASSIGNMENT OF MR.. MONTAGUE.
Tie Makes Deed for the Benefit OF HIS
Observation-Disclosures and Assets.

lie Makes n Deed Tor the bchcht Oh fhs
Creditors and Assets.
Mr.. John II. Montague, than whom no
businessmen in Richmond II more highly
esteemed. made an assignment yesterday
for the benefit OF his creditors. His wife
ioins him In the deed. which vas re-
corded In the Chancery Court. and Messrs.
percy Montague and r.. VI. Steger are
made trustees. There are three divisions
OF creditors. Those In each class are 20
share ratably In the proceeds. and divi-
dends are 10 be declared as soon as sufii-
Gent funds are in the hands OF the
trustees to enable them 10 do so.
The nrst-class embraces those TO whom
MIR. Montague Is indebted as admlnistra-
for OF the estates Of John and James
8. Frceland and Resale r. Freeland. and
the claims Of the bcneiiclaries are. In
the aggregate, as follows: Maggie w.
Freeland or !. II. G.. Lewis, her trustee.
Sc. l5S .1G: Mamie Il. Fox, or James Fox,
her trustee. s., S30.5j; John Freeland,
sS705.14. The only other creditor In this
class IL Mrs Salie =. LEROY for 2,l5J.
with Interest from October l, 1893.
The Virginia Paper Company Is the only
creditor named in the second class. ana
its claim amounts 90 2,87.75. This class
however. provides for any balances That
may remain due the Merchants and
Planters Savings Bank on certain notes
made by Mr.. Montague.
The third-class creditors are the fol-
lowing: First National Bank endorse
ments for Virginia Paper Company ag-
rregatine 81. SO: Union Bank. same. 5000;
Merchants and Planters Savings Bank,
note. $780, Samuel Sinton, $500.
Tho total liabilities are SJG. SJ5. 60.
LIST OF ASSETS.
Schedule "B." attached to the deed,
gives a description Of the property as
signed. It's Estimated value is S37,6272i,
ana II IS as follows: Sixty shares Ameri-
can Tobacco Company, preferred stock,
and 10 shares Watkins Hardware Com
panv stock. less s.. 100 due First National
Bank borrowed thereon, as collateral TO
secure note OF Sl.6O0: IA shares South
crn Railway Supply Company, 800; IS
shares Marshall Manufacturing Company.
$50: b shares Mcrchants and Planters
Saving Bank. 81 100: 9S shares Georgia
Pacific Railroad Company, $3.50; p shares
West-End Company, $3.50 less note que
Merchants and Planters Bank, for
which the above were given as collaterals,
$3.50 balance estimated value, A,3lo;
share Masonic Temple (old stock, 500;
shares Richmond Elevator Company
$3.50: 10 shares Southern and Atlantic
telegraph stock. $3.50; 5 shares Carter Ma
chine Company 500; interest In Iaylor
tract Of land. Manchester. $780, interest
in certain lots OF land IN Bristol. Tenn
$40: certain lots in Lisburn, near the
city 81 go: shares Richmond and Man
chester Land Company, 500; RlchmOhd
and Danvile railroad. extension Stock
$500: Sulphur Mines Company Of Virginia.
2j shares. $500; 30 shares Newport News
Land and Improvement Company, S1oVl;
100 shares Missouri, Kansas ana IeNds
Railroad Company. less Sl21.6 due thereon
S772 "a: 30 shares Smlth-COurtney Com
pany. less $4.1O0. $500; / share Larkin
Manufacturing Company, 500: interest In
Denton farm, less sum unpaid thereon.
300: % shares Virginia Paper Company.
value not given: one fOrtieth interest IN
Buffalo Forge tract of land near Glas-
gov. Va. 81 900; 80 shares South Salem
Land Company, $50. 100 shares River
mont Company. $1,000: 80 shares shelton
Land Company. $50; shares LAsburn
Land Company. 500; Sl6j Of Chesapeake
and Ohio and Canal Company's coupons,
value not given; shares Virginia Steam
shin Company. value unknown; ~ shares
Mason-Park Land Company. 1850; resi-
dencc. corner Franklin and Second
streets, 5000. 10 shares Richmond Leather
Manufacturing Company. not paid for; -
shares Union Bank stock. $3.50; and any
other property or estate Of Mr.. Montague
which may have been omitted
MIR. MAYO ELECTED PRESIDENT.
Prior 10 making his assignment Mr..
Montague presented his resignation as
president Of the Merchants and Planters
Savings Bank. His indebtedness to this
institution Is only $L525, and this is Sc
cured by collateral. The directors met
last evening and elected Mr.. l.. II.
Mayo president protein. 1t is under
stood that Mr.. Mayo will act in this
capacity until the board elects success
SOr to Mr Montague.