The times. [volume] (Richmond, Va.) 1890-1903, 1896-03-08
Tie Wel-KnOEn Proprietor Of The Ez-
change Hotel Fails.
LIABILITIES ESTIMATED At $4,000.
The Proceeds OF the Assets Are Expected
10 Fully Cover The Obligations-Ihe
Property Conveyed and the
List of Creditors.

cher & Co., and his VIE, Airs. Nellie j..
W Archer, last evening at o'clock iled
a deed Of assignment in the clerks Office
in the Chancery Court, naming Colonel
Jo. Lane Stern as trustee. The haoih-
ties are estimated az $1,000. while the
value Of the assets is not given. The
deed sets forth that Colonel Archer owing
TO long-continued depression in his busi-
ness has become financially embarrassed
and is unable 10 meet OFFS obligations
promDtlv as they mature. bat desires TO
appropriate his assets TO The pay mont
OF his debts in such manner as under the
circumstances seems 10 him right ana
proper.
The property conveyed to tho trustee in
the deed consists of the wcll-known
hostelrv. but tie conveyance is made
subject TO the lien OF certain deed Of
trust from the parties of the first part 10
Norman v. Randolph and 10 Lane stern,
trustees. dated May 81, 1881. The convey
ance further comprises The good viii or
said Archibald W. Archer in said Dusi-
ness. his license therefor, so far as the
same may De assgnahie. and al his
right. title, and interest i'm and 10 two
certain deeds Of lease, tO-wit. One from
J.
Gerry Court of the city Of Richmond. in a
certain suit therein depending, entitled
'Binford against Universal Life lnsur-
ancs Company" G.. -. lAl. which is
dated June ]. 1894, and deviscs the said
Ballard House property, the other from
Eugene Alassie and W. @. Noting, re-
ccivors Of said court. i'm suit of ltichafd-
son against Stuart, etc. which Is daicd
on the same day and devses tne said
Exchange Hotel property
OTHER PROPERTY CONVEYED.
All the hotel furniture. fixtures. coach
es. horses wagons, harness. in iact All
the personal property oil every descflp-
ton used in the conduct oi the business,
wherever situated. including the unused
provisions. liquors, wines ETC., now ON
hand. which said personal property is
composel of what is left Of certain ar
ticlcs of hotel furniture and other per-
eonal property enumerated in certain
inventory.
Also an the right, title, and interest Of
said Archibald w. Archer in ana 10
certain lease of tine cigar and neWs-slali
I'm the said Exchange Hotel to r. j..
Moreau, lessee OF said Archibald W. AT
cher.
Also all bonds, bills. notes, ana book
accounts belonging to the said Archibald
" AlNN'lf ''-'t't'ttr
have been reduced 90 Jlia nenl OF "'i',,-
.wIss secured and an books or accounts
kept ny him iu conducting his said blsl-
ness.
But the conveyance Of an Tho property
conveyed and described in inis deed ls
also male subject to any and all valid
liens chargeahie upon the same Whether
at law or in equity.
The trustee is TO sell the property con
veyed at the best possible iernis, anu T.
authorized 20 compromise any nsPulel
amounts Que Colonel Areh'I' h %. u'''''S
30 to tine advantage ol me n'"'ii .-'il
ont of tire proceeds OF the sale "i i"e
property tine trustee is TO pay an legal
expenses caused hy the draWlns up "l
the decd. including 90 fee oi f-.D 10 toiohti
10. Lane stern for services. rendered prior
to. and I'm the preparation OF the decd
ne shall thon pay am rent and taxes. drc
or to become due. which may hc LEGALLY
charccable uuon the trust subject ana an
ealar,. dine emplovls in afrrar. and Doe
NAV retain "a commission Of per cent.
an an salos and collections made hy him
hr rl,eon off the trust as a. compensation
fo, bia services ass trustee
Arl.~ tso ray,gant OF these various
Items fhe residue OF the proceeds Of TIE
eole ths following claims OF the yari-
Tur CREDITORS.
First The ravior & B0lug Company.
~ flHs civ 5000.
second D Tafhrop OF this city
about saHl. $ b.. pldeetf a Co.. of t.is
cif,- aiout 5000. j. W. planton. about
$500
Third Joecuh " 1gaufOn. sl7l. the
Same onen qccoirf sq- of. Cav AZ T.or-
raine sao- ss. Tavlor ROLLING A. Co.. s2-0.
Richmond Coffee ANA Spice Mills Ns. d
T. nm PRINTING comuanv All -0. National
Hotel Reporter (chicapoD sie u. Whltfle
evdnor A. co. yqr. Ricinon1 Stove
comnanv So IN. oscar CRAM &. CO Isl fa.
l. a. Dickcrsou so So. ]. w Fereissou
A. SON Ss9,. Uudson a. o. q. KVuian,
Jenkins a. Son. 24m. James Nct;raw
si RI. Bauch,ran efatiorar, Comnart.
81 n. Irwin NcGareoo a. Co phiialaf-
nhia s32 80. John Bowers sl0i sd. Iohn
a. AIcGowan s. S0. Kinn-Zooker Com
panv. New York. $50. Thomas Bradley
Philadelphia. IB.03. Caldwell g. Mason.
Lcwishurg " Na.. $1,000. Dorian c CO..
New York. Sli Warner Moore a. 60.
s2310, David a. Ainslio $40. Purcell
ladd g. Co. Ii. Frank Miller. Sg.31.
Hotel Red nr,k 80. pou,.rs-,'a,.io. Dr..,
companv sa5s5. Coftrel watkins G. a.
s7r5. Adoiphus plair A. 60 Srq "a. ,r.,,-
bic. Pomberton d CO.. &016. S. r.. Pad
golt d. Co. $500. f. q. Wallare g.; 81.
water bin. SH-6. Binswanger <. co e. 1>.
Gigg 81 Cross. $L0i r.. j.. Christian a.
co.. fl,.". DO y. Iaylor a. c.. A2.a,;
shIin' ,o"l' y * 90. fl@' pr Henry g.
Jones ~ Drotfe NJ. West. 50. Mrs. w.
y. cosby, Ht'1i a. j. Iyle. si.21, j. r.
.,oole .,..., ~ Hon' iasior' Brown ~ Co.
s-i.-'' " -'ii,t ''H'' iiiaui. nee company
f'-'' -. ~ '+',''el9 " ~ NiY.", bi-
n '"inlalS' baltimore