The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-12-09
CAUSE OF HIS TROUBLES.
Receiver Appointed for EI-United States
Marshal Whltc-The Assets.

Mhrthnl NHHc-lhe AhAeu'
An Intelllgencer reporter called on G.
". Atkinson. esq, who is Ex-Marshal
Whites attorney in this end OF the
state, and learned from him some I'M
pOrtant facts In regard 10 the appolnt-
mcnt OF receiver for him by Judge
Jackson, Of the United States district
court Mr.. Atkinson stated that lie had
had q conference with Il. +. Meghen,
who was made the receiver by the
court, and had also had recent letter
from Mr.. White In regard to his iiuan-
clnl embarrassment. He stated that
he was confident that Mr.. Mcghen's
appointment would be satisfactory tot
Mr.. Whites creditors, because sot his
high standing as shrewd and reliable
business man.
MIR. White has been STRUGGLING uAder
n heavy load for upwards of two years,
brought about by the general depres-
sion In business that came upon the
country because OF q change In the poll
icy upon which the affairs OF the coun-
try had been conducted for over a gem
grafton. 1t is u well known fact that
there was q very email demands for
lumber for over two yeafs. because but
four buildings were constructed, and as
Sir. White had made extensive Invest
mGnts in establishing one OF the largest
lumber camps IN the county In the
new county Of hlinro, he had incurred
a heavy Indebtedness and Il was be-
.oEd his power to swiig II over the IN
fortunate period OF Ge"rrs SION. The
lrcakups In the lumber business, the
last two years. extend from one end OF
the Country.to the oghcr,sO Mr.. White is
by no means alone IN having to call n
temporary halt. The fact is, Mr..
White. by his indomitable energy. held
out longer than many other concerns OF
tho same kind In the state.
"He writes me that his liabilities are
not over $4,000, while his assets are
actually worth nearly double that
amount: and IL his business can be kept
going at II reasonable rate, for Il few
months, with the promising outlook for
business Improvement generally, he
feels that the receiver, with his aid, can
pay on the Indebtedness, and thus
leave Mr.. White his large plant. which
cost more than $4,000 to establish. clear
so he can continue operations In the
future
"Mr. Meghen also informs me that he
Is somewhat familiar with the sltua-
tlOn of Mr.. Whites affairs, and he
therefore believes that he can bring
Mr. White out OF his embarrassment.
Deyunu II feusOuuule uOuul. lulSt VI
course. is encouraging news to credi.
tors: but us a matter OF course they will
have to remain for time out OF the use
OF their money
mfr. White is n man of great energy.
and II he retains his present vigorous
health, his friends may depend upon 1t
that he will get on his feet again.
Marshal Whites assets" said Mr..
Atkinson, consist OF 5000 acres Of
farm land In Marshall county; store
at Belton, In that county; two large
stores at MatewOn. Mlngo county; Il
half dozen saw mills a planning mill; a
large stock of sawed lumber; hundreds
Of saw-loEs; mule and OK teams; wng-
Ons, etc, etc. II Is believed that the
Marshall county farm lies In the oil
belt. II this should turn out TO be true.
the unfortunate position In which Mr..
White II now placed Will be relieved"
Mr.. Whites many friends regret that
he ls thus embarrassed, and the lntclli-
gencer Joins them In the hope that the
embarrassment IL only temporary.