The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-06-23
COOKE MAKES A REPORT
Continued from first page.)

which is deducted Sl9, 400, it being the
amount due 10y the Scottish Investment
Company 10 the Roanoke Trust Company.
The following i the amount due 10y the
Scottish Investment Company on the ser-
eral pieces of property named: Hotel
Felix $40 600: Woodward house, S3,5OO;
Gorley house, Sl.5p0; Bicker's house,
81, 600: Knepp's stables, $500; Lunsford
building. s. 800; Pearson building, s., 900;
Crystal Spring building, 1900; Nininger
building. 81. GOO due to the Trust Com
pany, So, 600, of which amount no note is
made
After paving the indebtedness of $it.-
coo, above enumerated, SIS, 900 worth of
property all of which is in the hauds of
the trustee for the benefit Of the Trust
Company
Another valuable asset is the Terry
Building Company, which is stocked ut
800 00G. OF which amount the Trust Com
pany owns SO, 700, and Home Building
and Conveyance Company owns $4,000,
making practically u total of so, 400
owned 10y the Trust Company. This is
subject 10 a mortgage of 100000 held 10y
the Provident Life and Trust Company of
philadelphia. and Il second mortgage of
$4,000 held bY the Trust Company. and
of which -. 700 j. still unpaid, making
total OF SO. 200 on this valuable piece
of property. after the S60,000 mortgage
shaft have bcrii paid. which j. held by the
Philadelphia concern.
The Sr1tefteni of earnings of the bald
ing shows that after paying insurance
taxes. interest on mort 4agc and operating
expenses that 1t pays six per cent. upon
stock which used in reducing the sec
ond mort -l-e. hut should the property he
sold under inc hammer ii would proha
bly, not briu- more than the first mort
gage value
This mortgage WAS due April p. hut
All agreement wa~ reached whereby the
company pays To the Philadelphia con
Germ holding the mortgage 81 900 semi
annually Of the principal. The net in
come of the company ha, been about so.
600 ii, four years
There j. now due the company for
rents, S6.So0: bills receivable, - 800:
added To plant, $1,000; the gross rent
yearly amount 10 SIS, 600. The company
also owns 10 shares Roanoke Grocery and
Milling Company, 81 600; % shares Ro-
anoke Development Company, $1,000: l45
shares South Roanoke Land Company
$4,000.
This stock i "A valuable asset aS the
South Roanoke Land Company i capital
lied ut $l02 500 and owes S26Sl0, while
ii owns stocks bonds and real estate to
the amount of 1922. 100, which will 90 to
the stockholders after the Indebtedness
L. paid This company also owns stock
in the River View Land Company to the
amount of - ,I6 West End Land Com
pany, $3.50: Belmont Land Company
$500 These companies are in liquida
ton. but owe no debts so that the com
pany will receive its proportion of the as
sets. NC
The following is I, portion of the prop
erty owned by the Roanoke Trust. Loan
and Safe Deposit Company, and which i
included in the deed of assignment to
the trustee.
The eal estate consists of five parcel, of
land described in deed from f.. Minigle:
two parcels of land conveyed by Susy c.
Rowland; Il parcel of land described i'm "A
deed from Ella Rhodes; II parcel of land
on South Gilmer stweet conveyed in il
deed from II. VI. Harris ct, ais To ). W.
Jamison. trustee: two parcels of land de-
scrbed in deed from H. : Trout. strus-
tee parcel of land on the south side of
Norfolk and Western Railroad described
IN deed from Robert j. Hawkins to :
w. Jamison. trustee; lot IL. section lG
of Rorcr map; Il parcel of land conv-
eyed by l. III. Gibson; Il parcel of land
described in deed from Judith A. Bose
well; an undivided onc-iifth interest i'm a
parcel of land situated in Roanoke county
and known a. the plant of the Cushman
Iron Company 1t j. intended 10 embrace
any and all other real estate which may
be owned by the company or in which it
may have any interest.
The real estate, as q whole. i valued M
S5j.710.0l.
Among other assets, quoted in Tin,
statement, is :S2i 900 worth of Norwich
Lock Company's bonds which cost =. 900
which Is secured by first mortgage ON
plant
The amount OF guarantees by the Trust
company on loans of other parties i be-
tween 5000, 900 and 5000, 600 all of which
are protected by mortgages on real e,-
tate, which it is believed is sufficient TO
pay the guarantees or at least the great
bulk of them. After the reading of the
report a committee of fifteen WAS selected
TO confer and chose three men To 20 over
the DOCKS OF the bank in connection with
the trustee. who will aftcrward call a
meeting OF the depOstors and report as
10 the true assets of the bank and what
the creditors may expect to realize
The bills receivable were not discussed
so that the depositOrs were left largely i'm
the dark concerning this class of nssets ia
7he amount of S307, 600
Mr.. Jamison's Indebtedness to fine
Trust Company is S3S, 600, while il is esti
mated that the property assigned hy him
prcierrnC the Trust Company will WELD
S3O,pOO The assignment covers forty
typewriter pages The tax paid ON il
was $40. and the fee was Sl2 30
In enumcrating the assets TWENTY-FIVE
pages are taken up describing the real g.,
tate. which embraces lots in Roanoke ,itc
and county. Max Meadows, Bedford civ
ana buchanan. some of them subject IN
liens. Also mineral lands in Craig coun-
". me remaining assets are notes of
VHlioI- iuIiliJuu1- aud t.,,l ,..,,.,......
some Of them secured by liens on propcr.
WIN. IL. =