Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1895-04-08
GENERAL MALONE ASSIGNS

General William Malone has made
deed of trust of his property in Peter.
burg to Judge Edmund Waddill, If n
Richmond. The property conyeyedjs
his residence on Market street and III
his personal property in the residence
together with all his household effects
1t also covers certain lot on Guaran.
tee street, containing three acres. The
deed is made to secure the payment Of
SS0,S50 in the aggregate, of which
$4,000 is due Otelia B. Malone. his
wife. The debts are set apart in four
classes, the first being $1,000, due Mrs
Boiling; the second, $4,000 due Miss
Otelia 3. Malone, his daughter and in
the fourth class is $4,000 more due
Mrs. Malone. The other debts. TO
made up the aggregate, are embraced
in the third class. The deed bears date
March 2Sth, and has been on record in
the clerks Office in Petersburg since
that date, without coming TO the knowl.
edge of the public until Saturday and
then as great surprise. 1t is under
stood that the clerk of the court was
requested to say nothing about the mat.
ter.
Judge Mullen, of the Hastings Court
of Petersburg, on Saturday evening
heard arguments in suit Instituted BY
Colonel ]. G.. Watts against General
Malone to secure the settlement of the
partnership account between them,
and alleges that in the spring
of 1890 Watts and Malone entered
into a partnership to purchase min
eral lands in Southwest Virginia, and
that Watts advanced some $4,000
which he had invested 10 the purchase
of lands in pursuance of the agreement,
but that Malone had failed and refused
to advance the one-half of the capital
to be invested as promised by him. 1t
is believed that there will be an early
adjustment of the matters OF coniro-
versy in the Watts suit and the vau-
able mineral lands in Mcdowell county,
w. Va, which Malone, Watts aud
parties jointly own, will be consoi-
dated as the property of a joint stock
company, according to the original
plan of the several parties interested
and being managed as corporate prop
erty will be disposed of at considerable
profit to the owners. Judge Edmund
Waddill, the trustee named in the deed
from General Malone, above referred
to, returned from Petersburg to Rich
mond Saturday night. When asked
what was the meaning of the step,
Judge Waddill said he assumed it
meant that General Malone wanted to
cure certain debts he owed, in pre-
renee to others he did not consider
he owed, and for which he was beirg
sued, or suits were threatened. Ia an
swer to the further question whether
the conveyance meant that the General
was seriously and permanently embar
raised, Judge Waddill replied that he
did not consider that it did. AS he un-
derstood the General, the latter, on ac-
count Of the expense Of carrying his
unimproved Washington real estate aud
owing to entanglements growing out OF
real estate transactions entered into dur
log the so called "boom period" was
like many others, somewhat in need OF
ready money. Still, his property was
very valuable. His real estate in
Washington city alone would, if sold
at half its value, realize sufficient to
pay every liability against him, and
then leave him in most comfortable
circumstances.
For years past Gen. Malone has been Ie.
puted to be mnlti.milionaire and rcioiccd
in it. This. however. was never justified by
the facts 1t is hardly probable that Malone
at any time in tho past twenty years has been
worth over 100000 or 100000. 1t i
said that Gen. Malone probably spent S25.-
600 or $50, 900 out of his own pocket in the
gubernatorial campaign in 1889, when he
was the candidate in opposition TO Gov. Nc
Kinney. He certainly spent hundreds Of
thousands of dollars in the campaigns from
1880 10 1885, but nearly all of this money
WAS subscribed by the Norfolk and Western
republicans.
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