The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-17
MOVING STEADILY ALONG.
Business Not Affected al The Planters
National Bank.
DEPOSITS EX.EtD DISBURSEMENTS
No Occasion for Alarm, and Everything Is
Moving Along as Smoothly as Ever.
Much sympathy Expressed for
Mr.. Pace In His Trouble.

Affairs about the Planters National
Bank. the Virginia Trust Company, apd
the Columbian Building and Loan Asso-
citation. were so quiet yesterday, and
everything moved along so smoothly, that
no one would have known that the presi-
dent of the three Institutions which are
under the same roof. had fled a deed OF
assignment. When the doors Of the in
stitutions were opened the officers and
clerks were all at their posts OF duty,
as usual. Mr.. Richard H. Smith. cash
Ter OF the Planters Bank, stated that
there was not the slightest cause tor
alarm on the part OF the depositors and
patrons, as the bank was fully secured.
The same assurances were made by the
officers of the Virginia Trust Company
and the Columbian Building and Loan
Association.
At the Planters Bank depositOrs were
coming in as usual during banking hours,
and many Of the best and strongest GUS
toners OF that bank offered TO lend II
any amount of money needed. All these
offers were gratefully declined, as there
was no need for them.
SYMPATHY FOR MIR. PACE.
Nothing but expressions OF sympathy
We're heard on all sides for Mir. Pace
yesterday. The general opinion appeared
to be- that Mr.. PAGES property VIII be
amply sufficient to pay OF his indebted
ness and that no one will be the loser
after everything Is settled up. lt IS
thought that he himself will have con-
siderable property left after the estate
has been settled. Mr. Pace has received
many letters and kilograms OF sympathy,
and offers OF material aid. among them
being a cablegrsm from Mr. John 4.
Branch, Of this city. and Mr. John =
Wise, of New York, who was in Washing
ton when he heard the news. Mr. Pace
was a charitable man. and gave very
literally 10 religious and benevolent oh
Jects Hundreds Of people were helped by
him without knowing whence came the
assistance.
County Treasurer H. II. Snead. OF Halt
fax, who is now In the city said yester-
day, when speaking OF the failure OF Mr..
Pace: Il ann truly sorry 10 hear OF the
misfortune Of Mr.. Pace. and of his IN
health. / was manager OF one OF his
factories in Danville in 1873 80, 81. ana
~ ana ne frequently came up there lie
was always pleasant and upright i'm MS
dealings. l sincerely hope he may be
restored 10 health. and that he will again
take his place in business circles"
This was only one Of many similar ex-
pressions TO be heard yesterday on the
streets
The Planters Bank was depository for
State funds and Mr.. Pace was securft,,
Yesterday the bank gave a new bond
which was entirely satisfactory TO the
Governor, and the bank viii continue 10
be State depository.
Cashier Smith said yesterday that the
receipts from individual depositors were
$4,000 In excess OF disbursements by the
paying teller, the disbursements being
about the daily average.
DEED OF BARGAIN AND SALE
Mr. James r. Pace and Mrs Bette w
Pace. his wife. fled another deed OF
bargain and sale in the Clerks office
Of the Chancery Court yesterday. The
deed Is TO the Columbian Building and
Loan Association, and the amount in
volved is $1,000. The deed conveys the
following parcels Of property to the asso-
citation named:
one lot Of 276 front feet on the south
line Of Chaffin street. east of Randolph
street. one lot OF 276 feet front on the
north line Of Beverly street, east OF Ran
dolph street: lot OF IS feet front on the
eastern line of Randolph street. south of
Chafiin street; a lot OF 30 feet front on
the northern line Of Chahin street. west
Of Randolph street.
Also. the following parcels OF land in
Henrico county: One lot Of 246 feet front
on the northern line Of Chaffin street
west of Randolph street; a lot Of 226 feet
front on the southern line or Chanin
street next 10 Randolph street
Colonel Jo Lane Stern, counsel for the
Columbian Building and Loan Associa-
tion said yesterday that Mr.. Pace had
practically sold the portion of the pro-
perty named TO the association, and the
deed was recorded ia the usual way
Colonel Stern hoped IT would not be
many days before Mr.. Pace would be
well enough 20 be out. and give his en-
tire time and attention TO his duties as
the president Of the association.
Mr +. A. Catlin. president of the
Security Bank. was unnyodably absent
from the meeting OF the Clearing House
Association Saturday night. This ex-
plains why his name did not appear with
the signatures OF the other bank presl-
dents expressing confidence In the Plant
ers' and pledging assistance II needed.
Mr. Catlin's bank 10 In fun sympathy
with what was done.
RUMORS OF A SYNDICATE
II was rUmored on the street yesterday
that Mr.. Jackson Brandt was at the
head OF a syndicate OF business men to
make proposition TO Mr.. Pace TO take
charge Of his assets and settle up his
business affairs FOR him. and that Mr..
Pace meantime take a trip abroad until
he had recovered his health. When seen
In regard 10 the matter last night, Mr..
Brandt said he knew nothing OF such
and could therefore furnish
no information relative to the matter.