The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1895-12-15
FROM The STATE CAPITAL
a Million Dollar Failure Yes
terday.
j. B. Pace, Prominent Tobacconist and
Banker OF Richmond, Makes an Assign
msns-Bad Health and Cotton spsou.
lation Helped to Pull Him Down.
Whist Was Done in tho Legislature.
Other Matters.


Planters National Bank, was announced
this afternoon. he has made the bank
secure by deciding to it real estate,
which was over his liabilities to that
institution. The total liabilities are
about sl,ooo.ooO and creditors are in
five classes. The Virginia Trust Com
pany, OF which Mr.. Pace was also presi-
dent. is preferred. His son ia q credi-
tor Of the third class in the sum OF $780,
600. In the fifth and last class are
Northern creditors in sums aggregating
$500, 900.
Mr.. Pace resigned as president OF the
bank and as director. j. j. Montague
succeeded him in the former position
and N. Williams in the latter. The
bank Is made absolutely secure and has
plenty otourrency to meet all demands.
besides all the other banks have pledged
any assistance that may be needed. Mr..
Pace has been sick and his business
suffered by his absence. The direct
cause of the failure is the inability of
friends, whose papers he held, to meet
| their obligations. He has, too, been
unfortunate in specializing in cotton.
The property transferred by Mr.. Pace
to secure the bank includes his 500, 600
! mansion and the Pace block.
Mr.. Pace WAS looked upon as one of
the wealthieat and most solid business
men in the city. He WAS interested in
many ooncerna and is n large tobacco
manufactures. A few years ago he gave
Church.
| Legislative Notes.
| RICHMOND. Va, Dec. 14.-In the
| hnuan q Hill rua In -
the proper return Of marriage licenses
to the clerk of the court. The clerk, In
issuing the license, shall notify auch
persons as have purchased marriage
licenses that the licenses have not been
returned as required by law. II the
party performing the ceremony fails to
return the license within two months,
the clerk shall present the matter to
the court, and the offending party shall
be fined IS, Of which sum the clerk shall
retain 80 as his fee.
Mr.. Craig offered bill to require oil
State, county and municipal officers,
who have to give bonds, to furnish Sc
curity In some trust or fidelity company
1t seeks to amend section OF the ex-
listing tax bill, so as to require com
missioners of revenue to make out in
detail the name OF maker, date, time OF
payment Of all bonds, notes and other
evidences of debt due and payable, the
same to be signed and sworn to by the
taxpayer and signed by tho commits
| sioner.
The list shall be filed with the CLERK
OF the court, who shall preserve the
same in his office, and they shall not be
inspected by anyone except the tax.
payer and the commissioner of revenue
except by order from the court.
Senator Williams offered bill to
abolish what Is known to insurance
people as the 'throe quarter clause
In other words, 1t provides for the nav
mont of full amount for which property
is insured whom it Is totally DESTROYED
The politicians are fast waking up Il
the fact that something must be done
with the Walton law. Four bills have
already been presented, two in the sem
ate and two In the house, proposing
amendments to this law, all presented
by Democrats. Bills all vary essen
TALLY In some points, but three Of then
do away with the constable.
The honest election committee art
working on an election bill. and there Il
much interest felt in the result OF thei
labors. This bill will be presented be
fore adjournment for holidays.
This legislature does mot seem to bt
tied to the governor with very stronl
string. Not only sre the political ropel
and party lines weak. but even the cord
OF affection that stretch from the Capt..
toll to the Virginia WIFI house appea
to De In very dilapidsted condition. A
large majority OF the Legislature ar,
evidently pretty independent and stiff
necked set of men. They think and &C
Tor themselves. There is practically n,
trottiDg to the white house for politics
inspiration and even communities sion
from the governor are received with /,
sort Of dull shud.
Tnff avnur,