Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1895-04-12
Gen. Malone Financially Embar-
raised.

On March 2Sth, Gen. Malone placed on
| record in the Hastings court office Of Peters,
burg deed of assignment with Judge Ed
mund Waddill of Richmond, trustee, convey
ing certain parcels of his property for the
benefit of certain parties named
The deed did not come to the knowledge of
the public until last Saturday. and then as
great surprise. 1t is understood that the
CLERK OF the Court was requested to say moth
ing about the matter, and he kept discreet
silence
The deed conveys to the trustee the fine resi-
dence and property ON Market street, occupied
by General Malone. including all his person.
al prOperty-viZ., household and kitchen fur.
niture OF every DIES cription and character
parlor, chamber, and dining room-statuary
mirrors, books, carpets, silverware, crOckery
vehicles, also a three-acre lot on Guarantee
street.
AMOUNTS SECURED
The deed is made:
l. To secure certain negotiable note
bearing date August, 1884, of ST 900, drawn b,
Mrs. Stth Boiling
2. To secure Otelia b. Malone, daughter
of the General, the payment of SIS, 900 OF bor-
rowed money.
8. (a) certain note for 81, 300, drawn by
said Malone and discounted at the Planters
National Bank, of Richmond. (b) The sum
of 81. 400, evidenced by certain note discoun-
ted at the Merchants National Bank of Rich
mond. To- A certain note for $3.50 held by
the Merchants National Bank of Richmond.
(dD A certain note for $500, held by the
Petersburg Savings and Insurance Company.
To secure to Otelia Malone, wife of the
General. the payment of $66, 900; with interest
from March, 1881. being money belonging to
said Otelia Mohone used by said William Ma
hone.
A SALE TO BE MADE.
The deed further sets forth that in the
event that default shall be made in the pay
ment Of the debts as they become due, then the
trustee, on being required to do SO, shall sell
the property conveyed. In case of a sale the
trustee, in the enforcement of the deed shall
be subject to and governed by section 2442 of
the Code of Virginia.
The assignment caused not only great sur
prise, but great regret for its necessity. The
people generally regarded General Malone
as very wealthy man.
PROBABLE CAUSE.
Before Juge Mullen, of the Hastings Court,
sitting in vacation, the suit of John e. Watts,
of TaZewell county, VS.. General William Ma
hone, for the dissolution of an alleged part
nership into which they had entered in West
Virginia, and for an account of settlement of
the same, came up for argument Saturday ev-
ening on demurrer by the defendant, on the
ground of other necessary parties. Mr..
George S. Bernard and Judge Edmund Wad-
dill appears as counsel for General Malone.
and i. r. Davis for the plaintiff After ar
gument, which continued for several hours.
the Judge oyer-ruled the demurrer, aud gran
ted the defendant until April term Of the
court in which to file an answer The
amount involved in this suit is about $40, 900
for the purchase of timber and mineral lands
by the firm. This suit was filed in the Clerks
office on the Goth of March, and was entered
of record on the 30th. 1t is believed that Cen
eral Mahone's assignment, which bears date
March 2Sth, was fastened by this snlt.
WHAT THE TRUSTEE SAYS
In speaking to a Richmond Times reporter
Saturday, Judge Waddill said that the deed,
he presumed, meant that Gen. Malone want
ed to secure certain debts that he owed, in
preference to others that he did not consider
he owed anG for which he was being sued OF
suits were threatened.
In answer to the further enquiry as to
whether the conveyance In question meant
that General Malone was broke, Judge Wad-
dill said that he did not so consider by any
means, that while, as he understood, the Gen
eral on account of the expense involved in car
rying his large real estate holdings in the city
Of Washington. and entanglements of urgent
real estate transactions entered into during
the so called boom period of year or two
ago, was possibly like many others somewhat,
in need of ready money, that still his proper
ty was very valuable, and that his real estate
in the city of Washington at even half Of its
value, would sell for enough to pay every
possible, liability against him and leave him
in the most comfortable circumstances