The times. [volume] (Richmond, Va.) 1890-1903, 1894-01-25
CAPE FEAR AND YADKlN.
an or TIM R0xD. m ~ SAID.
VIII BE C0NTIEMLD.
r.,.es which Are Relieved To Have hso
In &c tho Secret Failures IN
North Carolins.

MINSlDN. ~ ~ Jan -"
.- causes which lead UP to so many
nmcnts Of North Caroiina's leading
I..ns and best business men. during
past Few days comes 10 me from one
is in position 20 give full ana
latc information.
... sale of the Cape Fear and Nadhin
.t railroad had been made 10 an
..b svndicatc. ard 100000 was 10
M hfcn paid on or about the l2th
.rt In view OF the recording, or
..r the obtainaucc OF judgments
-f this company this week for the
odd $1,000. the appointment OF
.- Tor Che Norih state Improvement
..,nr was rendered necessary, in or
.hlt AN creditors might fare alike
t.at there might not be any discrimi-
.f.a Dob favor az either.
... assets of This company consist OF
.D shares of capital stock of the
En- value Of 500 per share. Sc 600 in
mnal facilities in Wilmington. and
r.nds with improvements at Fayctte-
,ro and Greensboro $4,000 worth of
ne stock. rented 90 the G. +. q y.
t railroad. $500 OF the first mortgage
frls Of the Couth Carolina Pacific rail.
rII which is the extension from the
south Carolina line 10 Benncttsvilie, >.
t and construction bonds worth at par
t.nl ON road-bcd west Of Mount AIRY;
t.nu in ihc North Carolina steel ana
ian Comuauy. Greensboro. y. G.; besides
f>s00 of consolidated bonds. Making
Tie total assets S3.2o,66S.
Total Indebtedness.
THE total indebtedness Of the North
state Improvement Company amounts in
,..rd numbers 10 about S5oo.ee. or this
n nc directors have given their con-
rt notes for about 10000. and 10
.lra hclr own interests. and for the
...flifc protection Of the Bank of
Fayetteville. 10 which they are indebted
.. fhc sum Of $4,000. and other crcdi-
,.r- The following named gentlemen have
accorded their assignments: J. -. VIII
r.ms president Bank OF Fayetteville;
T. j. Lilly. director in said bank; Julius
Grays estate. OF Greensboro; ID. w.
r Honbow, Greensboro; j. #. Morehcad
Louisville: Dr. ". A. Lash, president
r - q Y. v road: Captain j. y. Gilmer,
~ Winston: w. A. Moore & Brother, and
rr Fulton. Of Mount Airy
70 viii Toe observed that had tho English
syndicate complied with tho terms Of
nrr agreement, tho company would
-. have been forced into an assignment;
Nt on the contrary they would have
fan enabled 10 pay or the entire in
l.hfedness with a balance 10 their credit
~ eovcral hundred thousand dollars, be-
Sides their individual assets
Confirmation of the sale.
10 is not improbable that the conGrma-
ton of the sale viii soon bc made, and
ihlt those who have temporarily embar-
rsssed their own interests without de-
tr.mcnt 10 the business interests Of the
respective towns in which they reside will
soon realize the fun fruitiOn of their
former hopes and expectations.
Cards were issued to-day announcing
thc marriage of Miss Minnie Nagler, Of
salem, and a young millionaire. Mr..
jessie ID. Langenour Of Woodland, Cal.
Iha event will be sOlemnized in the
I1ravian church. in Salem, at o'clock
O1 Wednesday. January 3fst by Bishop
E0ndihaler. Miss Vagler is quite pretty.
The young man she is TO wed met her
turing his first visit here about one
lrar ago. lie has been here several
weeks awaiting the necessary arrange
uenis 10 bc made for the marriage.
Hs parents are natives of this State.
Nr Langenour will leave here. with his
bride. on the evening Of the 3lst, on a
hial tour through the principal north
ern cities. They will live at Woodland.
Died of Hiccoughs
New York Life Insurance Company
refuses TO pay $4,000 on the life Of the
late r. a. Rabbit, OF this city The
money IS made payable 10 the two sisters
of tho deceased-Mrs. IT, c. Ashcraft.
Of Winston and Mrs. &. w. Byrd, of
Ashevlle Mr.. Rabbit died Of hiccough
n Wilmington, and the company claims
that he disObeyed the instructions Of his
policy. a suit has been entered in the
courts here against The company
What il Said in Greensboro About the Sale.
GREENSBORO. n. c.. Jan. 2i--SpeciaL
DO is stated here on reliable authority
that the sale Of the Cape Fear and Yad-
Kin Valley railroad is not off as had
been supposed, the time of payment be-
ing only postponed for Il while. The repre-
sentatiyes OF tho English syndicate who,
30 is stated, Will purchase the road, was
10 have been I'm New York with the
money ON the lith instant but a cable
gram received from him stated that he
was sick. but as soon as he could do so
Doe would meet a representative of the
road. II is likely that the sale win then
lc effected.
The end0rsers FOR the North State I'm
provement Company who have assigned
show no uneasiness about the matter for
in case of "a failure 10 effect the sale OF
iHe road they have an arrangement by
which they can borrow enough money
fo pay of the Indebtedness of the North
STATE Improvement Company No I'M
easness is felt here over the receRt