Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-03-08
MR.. ARCHER ASSIGNS.
The Proprietor Of the Ballard lId r.
change Fails for SiS,VO0.
HOTEL nFrEoTs rRASsrERnnn
Assets Believed to No AnpIs-Csls-
mel 10 Lane stern, the Trustee,
VIII Take Charge At ones-Lists %
the Creditors. g

1
mel Jo. Lane Stern, trustee. The deed,
In which Mrs. Nellie d. w. Archer Joins
her husband. was entered Of record ~
the Office Of the Clerk OF the chancsry
Court at o'clock. The liabilities are
$4,000. and the assets are believed 10 b
ample to pay every dollar Of the debts
| Of Mr.. Archer. and leave Q goodiy resi-
| due.
The deed sets forth that Mr.. Archer
owing to continued depression In his busi-
ness. has become financially embarrassed.
and Is unable to meet bis obligations
promptly as they mature, but desires to
| appropriate his assets to the payment
| of his debts In such manner as under the
circumstances seems right and proper.
THE PROPERTY ASSIGNED.
The property conveyed to the trustee
consists OF the effects Of the two hotels,
but the conveyance Is made subject to
the lien OF a certain deed OF trust To
Norman v. Randolph and 10. Lane 1tern,
trustees. dated May 81. 1894. The con-
veyance further comprises the GOODWIN
OF said Archibald w. Archer In said busi-
ness. his license therefor. 90 far - the
same may be assignable, and ell his right.
title, and interest Ia and to two deeds
Of lease-one from Lewis y. Winston.
receiver, Of the Chancery Court Of the
city Of Richmond. In certain suit there
In pending. styled "Binford against Uni-
versal Life-Insurancs Company, C. o.,
1S," which Is dated June 1. 1894. and
demises the Ballard-House property: the
other from Eugene Massie and w. O.
Noting. receivers Of said court In suit OF
Richardson against Stuart, ETC., which n
dated on the same day, and demises the
Exchange-Hotel property.
All the hotel furniture. pictures coaches,
horses, wagons. harness: In fact, all the
personal property OF every description
used in the conduct of the business.
wherever situated. including the unused
provisions, liquors. wines, ETC., now on
hand, which personal property u COM
posed OF what Is left Of certain articles
OF hotel furniture and other personal
property Apumerated In q certain inven-
tory. Is assigned. as Is also all the right,
title, and interest OF Mr.. Archer IN and
to certain lease OF the cigar and news
stand In the said Exchange Hotel to X.
p. Morgan, lessee.
The deed also conveys all bonds. bills.
notes, and book accounts belonging to the
said Archibald W Archer. including all
debts, which have been reduced to
Judgment or otherwise secured. and all
books Of accounts kept by him In con-
Quoting his said business.
But the conveyance Of all the property
IS also made subject to any and all valid
liens chargsable upon the same, whether
at law or In equity. W
The trustee IL to sell the property con-
veyed at the best possible terms. ard 10
authorized to compromise any disputed
accounts due Colonel Archer. II he deems
Il to the advantage Of the benenciaricA
DISPOSITION OF THE PROCEEDs.
Out Of the proceeds Of the sale OF the
property the trustee Is to pay. hrst, All
legal expenses caused by the drawing up
of the deed. including fee Of $50 TO
Colonel Jo. Lane Stern for services rem
dered prior to and in the preparation OF
the deed He IL to then pay all rent ana
taxes due, or to become DUE which may
be legally chargeabie upon the trust, ana
all salaries due employees. The trustee
Is also to retain a commission OF per
cent. on all sales and collections made
by him by reason Of the trust as q COM
pensatIon for his services as trustee
After the payment OF these various
items the residue Of the proceeds or the
sale the following claims OF the follow
ing creditors are to be sattsned:
FIRsT-CLAsS CREDITORS.
First-The Taylor & Boiling Company
OF this city. about $500.
Seconds. p. Lathrop. OF this citys
about 500; s. f. Padgett & Co.. OF this
city. about 5000; ]. w. Blanton. about
$500.
Third-Joseph W. Blanton, N7l: the
same. open account 1856; Gay d Lor-
raine, $2g55; Taylor. Boiling & Co.. $50;
Richmond Coffee and Spice Mills, $S; J.
l.. Hill Printing Company, $l.5o; National
Hotel Reporter (Chcago), $l20: Whit
tie, Sydnor 4 Co.. $l9.75; Richmond Stove
Company, s24O; Oscar Cranz & Co.. $S1.13:
]. C. Dickerson. $3.50; J. w. Ferguson =
Son. ss.25; Hudson & Co.. a.; william
Jenkins & Son, $500; James McGraw.
$40: Irwin. Megargee & Co. Phiisdel-
phia), $3.50; John Bowers. sl0i.S0; John H
McCoyern, 81 50; Kiffin, Tooker Il Co..
CNew York;, $3.50: Thomas Bradley
Philadeiphia). sl00.03; Caldwell 4 Mason
Qewisburg. w. Va.). $lo3.75: Drohm q
Co. CNew York;, SIG; Warner. Moore =
Co.. s2s: David C. Ainslie. $40; Purcell.
Hotel Red-Book. $50: Powers-Tayior Drug !
Company. 5.55; Cottrell. Watkins & Co..
s2.55: Adolphus Blair & Co.. $3.50; TempI9s
Pemberton. Cordes q Co., $30.76; /. v,
Padgett & CO., 500; II. II. Wallace. $6s$:
Water Bill. 1886; Binswanger 4 Co,
r1s; Griggs & Cross, N.04; r. l. Chris
tian & Co.. $500; Z. Il. Taylor b Co.,
sHss; Smith. Courtney q Co.. 81: Dr.
Henry c. Jones. 81; George n. West. SsSs
Mrs. W. B. Cosby. $453;. A. J. Pyla AZ;
j. r. Goode & Son. -; Taylor, Brown
& Co.. S2429; Virginia State Insurance
Company, $l5; 4. A. Saunders 4 Son.
$3.50; Ulman. Goldsbough Co. CBalti-
more). s354.S3; J. T. Anderson a Son.
1864: Vestal & Co., 800; Waller Scott.
$50; Fourqurean-Price Company. s3S7: z.
]. Darlington $500. and any other credi-
tors who may have been omitted from
the list. M
THE TRUSTEES DIRECTIONS.
In case Of his inability within reAson-
able time after the date Of this deed (
to collect any OF the outstanding sc-
counts, the trustee is authorized 10 self
them TO tho best advantage and with as !,
little expense as possible. The trustees
Is also to collect and distribute the money 1
realized from the trust assets among the
benehciaries under the deed In accordanco
with the provisions and priorities stated /,
as rapidly as possible.
While the liabilities are given a. G8ooo (.
II Is understood that the effects OF the !
hotels were originally purchased by M.
Archer at the cost Of $1,000
A NOTED HOsTELRY.
The Exchange and Ballard nave been
conducted Jointly for many years anA
have constituted one of the leading hos
telries OF the South from time aimose
immemorial. During the war they were
the rendezvous Of all the Confederate
chiefta.ns, Cabinet officers. senator's
members OF Congress-. &c.. and we're ~
scenes OF many great social and politics.
events. The Prince Of Wales was 4 4
guest at the Exchange during his vinjf
here In 1857. and subsequently, the Comp&4 4
de Paris and his party had apartments 81 4
that weil-krown house. II was thsrG 4
that the Prince smacked his lips over IN
first julep. The Exchanges IL one of th& =