Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-17

/ cd Randolph street. back l2O feet TO an
f alley.
Colonel 10 Lane Stern. counsel for the
/ columbian Building and Loan Associa-
uon' said yesterday that Mr. Pace had
practically sold this property to the as
sociation, and the deed was yesterday
recorded I'm the usual way. He re-
marked that the property in question was
easily worth SSco0. so that the nssocia-
uon could realize largely on the transac-
uon at any time II pleased TO do so. col.
onel stern hoped II would not be many
/ days before Mr. Pace would be well
enough TO be out and give his alton
ton 10 his duties as the president of the
association.
LIABILITIES ABOUT scl0cO0
Mr.. Frank W. Christian. of counsel
for Mr.. Pace. and the drawer of the
deed OF assignment. said yesterday that
having made careful estimate of Mr.
PAGES liabilities. he now believed that
they would hardly exceed si5O.o00 This
amount OF Indebtedness II IS believed.
can be satisfactorily arranged out Of Mr.
race great estate. without the neces-
siiy OF sacrificing much. II any. Of the
property conveyed 20 the trustees
Mr.. Pace was estimated before the
failure 10 have been worth $l.S0000 10
S-pno@ Among his properties was n
mast -itiiN'iiA tdAllt-idDtll IN ItNdS. W nlCn.
with all IFS equipment. stocks. etc, under
favorable circumstances. would probably
bring $4,000 He also owned handsome
siver-mining property. and some Of the
most valuable real estate in and around
Richmond
Among the callers at the hous. of
Mr. Pace Sunday night was the Rev
Dr NJ. ID. HOge. who. by his bright
ana happy presence I'm the ten minutes
he remained there Gid very much to
cheer the sick man mp. making no allusion
10 his financial troubles. but congratu-
latng him on his improved health
AT THE PLANTERS BANK.
Depositors at the Planters Bank yes
tcrday morning streamed In as usual with
their currency and checks. and Cashier
smith asserted last night that a large
number of the banks best and strongest
customers had offered 10 lend IL any
amount Of money needed. All these Of
fers were, of course. declined. as the au-
thortes at the bank regard that IL
was never in stronger condition despite
the misfortune which had befallen it's
president. The cashier. after the close
of business. stated to a Dispatch man
that the receipts at the bank yesterday
from individual deposits were $4,000 i'm
excess OF disbursements by the paying
teller. the latter being about the daily
average
The new president of the Planters Ma
uonal, Mr. J. j. Montague. was at his
post all day. and many of his friends
expressed pleasure that he had been
chosen as Mr. PAGES successor. Mr.. Mon
tague Is one of the most energetic and
prominent citizens of Richmond. He is
very we'll known here. and has for years
been engaged as a lumber dealer and
manufacturer OF sash. doors. and blinds
Mr. Montague has long been promi-
nent figure in the Board of Directors Of
the Planters National Bank
Mr. James y. Boyd. the new presi-
dent Of the Virginia Trust Company has
for long time been vce-president OF
the Tobacco Trade of Richmond and
owns. with J. y. Bovd & Co. various re-
prizing factories and leaf tobacco dcpots
in this city. and has been one Of the
Board Of Directors Of the trust company
for a long time
Mr.. +. \. Catlin. president of the Sc
curity Bank, was unavoidably absent
from the meeting held by the Clearing
House Association Saturday night This
explains why his name did not appear
with the signatures of the other bank |
presidents expressing confidence in the /
Planters. and pledging assistance If /
needed Mr. Catlin's bank is in fun /
s1-mUafhv with what was done