Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-04-08
GEN. MAHONE'S ASSIGNMENT
It Seems to Be to Avoid Consequences Of
q Pending Suit.
An Opinion That 1t Means MnhOne's
Political DOWnfall-His Wash.
ingtOn Property.

Considerable surprise has been caused in
Virginia and Washington by the announce
ment that Gen. VIM. Malone had made what
is regarded as deed of assignment for the
benefit of his creditors to Judge Edmund
Waddill, jr., of Richmond. as trustee The
deed bears date March 2Sth, and has been
on record in the clerks office in Petersburg
since that date, without coming to the
knowledge of the public until Saturday. 1t
is understood that the clerk Of the court
was requested to say nothing about the
matter, and he kept silence.
The deed conveys to the trustees the
residence and property on Market street,
Petersburg occupied by Gen. Malone. in
GLIDING all his personal property. VIZ:
household and kitchen furniture of every
description and character-parlor, champer
and dining-rOom-statuary, mirrors, BOOKS,
carpets, silverware. crockery, vehicles,
cows, etc, etc. The deed also conveys a
three-acre lot on Guarantee street.
Amounts Secured.
The deed is made to secure a certain ne
gotiable note, bearing date August, 1884. OF
$1,000. drawn by Mrs Stith Boiling; to Sc
cure Otelia B. Malone, daughter of the
general, the payment of $1,000 of borrowed
money, and certain note for $780, drawn
by said Malone and discounted at the
Planters National Bank of Richmond; the
sum of $500. evidenced by certain note;
discounted at the Merchants National
Bank of Richmond; a certain note for $3.50,
held by the Merchants National Bank OF
Richmond; certain note for $SOO. held by
the Petersburg Savings and Insurance Com
pany.
To secure to Otelia Malone. wife Of the
general, the payment of $4,000, with inter-
est from March, 1881, being money belong
ing to said Otelia Malone used by said VIII
liam Malone.
The deed further sets forth that If de-
fault shall be made in the payment of the
debts they become due, then the trus-
tee, on being required to do so, shall sell
the property conveyed
Carrying Washington Property.
Judge Waddin the trustee, when asked
by Richmond Dispatch man what was
the meaning of the step, said he assumed it
meant that Gen. Malone wanted to secure
certain debts he owed, in preference to
others he did not consider he owed. and
for which he was being sued. or suits We're
threatened. Judge Waddill said he did not
consider that 1t meant that Malone was
permanently crippled. AS he understood
the general. the latter, on accoun. of the
expense Of carrying his unimproved Wash
ington real estate. and owing to entangle-
ments growing out of real estate transac-
lions entered into during the so-called
boom PERIOD" vas like many Others
somewhat in need Of ready money. Still,
estate in Washington city alone would. If
sold at hall it's value, Judge Waddill said,
realize sufficient to pay every liability
against him. and then leave MIN in most
comfortable circumstances
| 1t is said the probable cause of the as
| signment was suit instituted by Col. J.
| q. Watts, who was formerly the United
| States marshal OF the western distric: of
| Virginia. against Gen. Malone to secure
| the settlement of the partnership accounts
between them Col. Watts alleges that in
! the spring of $50 he and Malone entered
| into a partnership to purchase mineral
| lands in southwest Virginia. and that Watts
! had advanced some $4,000, which he had
| invested in the purchase of lands in pur-
| suance of the agreement, but that Malone
| had failed and refused to advance the one
| half of the capital to be invested as promis-
| ed by him. The demurrer in the was
| argued Friday before Judge McMuilen at
| Petersburg.
Gen. Malone was represented by George
| S. Bernard of Petersburg and Judge Wad-
| dill of Richmond. and Mr. Watts by Rich
ard q. Davis of Petersburg. The court
| overruled the demurrer.