The times. [volume] (Richmond, Va.) 1890-1903, 1895-03-15


tainable, owing to the nature OF them.
Abe ut six or seven years ago this firm
was much embarrassed on account Of
large obligations then outstanding and
temporarily bridscd over :hcir trouble by
giving deed OF trust on a large amount
of valuable city property, most of which
was owned by Mr.. Holt. Their principal
creditor was the firm of Schilling. Brun-
ing & Co., dealers. at Bremen, Germany,
and the suspension Of that firm during
last week made this assignment neces-
sary.
Besides the principal deed, there are
several smaller ones, which are mention
ed below.
TIE PROPERTY CONVEYED.
The deed of the firm names as the
trustee Mr.. II. q. II. kean, of this city,
and states at length the assets OF the
firm. It conveys the factory, fixtures and
furniture, horses, wagons, all stock OF
whatever description on hand, eighY
acres of land in the county OF Amherst,
with between three hundred ana four
hundred cords of wood thereon, all DEBTS
OF the above concern and also due the
firm of Schaefer Hoffman & CO.. ana the
following stocks, bonds, claims. etc:
Twenty-Five shares of cotton mlll STOCK
par value one hundred dollars, held py
the Lynchburg National Bank, TO secure
note of $50: 262 shares of Lynchburg Ice
and Refrigerator stock, mostly held as
collateral by Schilling & Bruntng, for
debts due them by Holt, Schaefer q CO.;
sixty-two shares Of Virginia Slate MIN
ing Co stock, also held by this firm,
forty shares Lone Jack Cigarette COM
pany stock, held by the Peoples Nation
ai Bank as collateral eleven shares or
I,vnchburg Electric Company stock. The
above stock was owned by the iirm' Inc
following stocks, etc, were owned pY I|u-
mund Schaefer, individually, llO shdfeS
of Cranes Nest Mining stock, par Nalue
one hundred dollars, $50 OF ~hich is held
bv Schilling * Bruning. 2yO Dy JoHh ~
GilIiatt Il Co., of London, as collaterai'
and 50 by w. j. Rodatz & Co., OF Liver
nooI as collateral, 1900 shares Of PENN
svlvania Zinc and Iron Company = STOCK,
mar value ten dollars per shares @'"VV Oh
which is held by Schilling ~ BrunIhs'
soo bv w J. Rodatz, and 1899 TO De de-
livered Ia the trustee; 2i0 shares Lynch-
burg Ice and Refrigerator STOCK helu ~
the PEOPLES National Bank ana SchlIHIs
& Bruning; lbs shares or Lone JacA
Ctoaret.e stock, mostly held by the REQ
uIes National Bank as collateral oup si.dle9 sl1-
30 tba keystone Mining Company STOCK
~ Roanoke. par value so per snare,
mostly held by SchHling * bruhihB' ~
sbares of Virginia Slate-MininS CohPaHy
etock par value 800, held by Schlllns
&. Rruniug: , shares Of Oakley LdhI az ~
rnnrovement stock, par value S1O' D"
ebares of Virginia and Norlh CdIo'i'a
Conner Company stock, par Falue ~
held bv Schilling q BruninR, pondS Vi
the Virginia Slate-Minng company Lol
500 each. 1G shares OF the STOCK oI Sue @
Ivr chburg Electric Company par 'dl"0
SlOO. 22D shares of the STOCK ol inc
Ivnchburg Land and Improvement N"'l-
pany stock, par value $lV' - per en- ~
paid in; Edmund Schaeiers interest ,oie
balf or something over In the patent
rtght for the United states for the COM
bined automatic car and air-brake coup
Ior. > 5Oo shares Of various sorts OF stock
90 the .boom order believed 10 be Of no
vaIue: 81 200 i'm cash agreed TO be pald
nv l. T.. Edmunds in part consideration
for the mortgage Of 5000 on the Schael-
or home. a handsome residence on court
straet. claim Of Edmund Schaefer against
the Washington Zinc Company Tor Elo-
on1 evidenced bv bonds; $1,000 of which
have been hypothecated by the Lynch
b,,rg National Bank TO secure payment
OF a note Of the firm held by them Tor
the sum Of $50; joint claims or T.. Scnaei~
er and II. G. AGusser against the WASH
ington Zinc Company, amounting 10 over
$4,000, secured by bonds.
This conveyance IS Of Schaefers inter-
est in the claims, which are DelleVed 10
be over one-half by several thousand dol
lars.
Claim against the Cranes Nest Coal
and Iron Company for $3.50; claim
against w. +. Mathews and the Oakley
land Company for $50, judgment for
same; claim against the late w II.
Wrenn and the Oakley Land Company
s515. Judgment for same against the land
company.
HOW ASSETS ARE TO BE DISPOSED OF.
The assets are 10 be disposed Of to the
best advantage. so that the largest
amount possible may be realized and
TO be applied as follows, each class 10 be
paid in full before anything is paid TO
the others:
First class.-Rents due for the factory,
etc: amounts due for salaries and wages
for employees believed not 10 exceed 900;
private bills OF T.. Schaefer not to ex-
ceed &75, premiums on tire Insurance, not
TO exceed $275.
Second class.-Notes and over checks
due Peoples National Bank, aggregating
81. $50, Lynchburg National Bank, 800;
note held by the Commercial Bank, en-
dorsed by J. r. Edmunds, $500; notes
made by T.. Schaefer and others held
by the Peoples Bank. s., 100; Traders
Baak over-check, sl9D.
Most Of the securities held by the Peo-
pies National Bank, If not all, are COW
cred by collateral.
THIRD CLASS OF CREDITORS.
Third elass.-Note made by the firm
and others and held by the Krise Bank
ing Company, s1,4O0; Klmball, Tyler &
Co., OF Baltimore, debt, sl75; Louisville
SPIRIT Cured Tobacco Company, note, s2l0;
Z. c. Francke a. Co, open account, sGS3;
A ?. Roberts. $50.
Fourth class.-All debts OF the firm
due TO John X. Gllliatt * CO., OF London,
Eng; W. j. Rodatz < Co, OF Liverpool;
and Schilling & Brunlng. Of Bremen,
Germany.
In this class are comprised amounts
estimated TO aggregate over four hundred
thousand dollars.
For year or more the business has
been managed by Mr. Schaefer himself
Mr. Holts health being such that he
could not give his active attention 10
business
Besides this main deed each OF the
partners have made private deeds-Mr.
Schaefer TO j. Il. Edmunds, as trustee, TO
secure mortgage on his residence. and the
remainder 20 his wife In lieu OF her dow
IL