Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-01-31
FOUR DEEDS Fill D.
Failure Yesterday Of Mr. K. L. Brown
and Of Gates & Brown.
LIsBLITIEs NEARLY 100000.
The Members of the Latter Firm
Make Personal az Well as 6cncrm
Assignments - Constable hfothe'S
- &c pndcr-fists of Creditors.

tnUCr-ffStt
DEEDS OF assignment were filed IN
tho Office Of the Clerk Of the Chancery
Court yesterday by Richard i. bro"n'
late OF the firm Of Brown, Davis *
Atkins. wholesale liquor dealers ana
rectiners: and by Gates & Brown who'e-
sale grocers. and personal deeds were
entered Of record by Messrs. H. W.
Gates and Charles i. Brown, members
Of The last-named firm. The total Ia
bilities. as given in the several deeds'
aggregate $4,000.
Mr.. II. l.. Brown has been at 'he
head Of the firm Of Brown, Davis * Al
kins for many years, and his card IN
Yesterday mornings Dispatch announc-
ing his withdrawal from that concern
caused considerable surprise. The iali-
,ire OF Mr.. Brown in no way aneots
the firm. The business will be con-
Quoted IN future, as stated IN their
card Yesterday. by Messrs. d. o. Davis
and Samuel c. Atkins, under the style
OF Davis & Atkins. Mr.. Browns failure
is purely a personal one. and his liabili-
ties are about $4,000.
MR.. X. l.. BROWNS ASSETS.
Here is a list of the property con-
veyed to Mr.. II. a. McCurdy, the
trustee:
House and lot on south side Of Frank
la street between Laurel and Shafer go
fecD. together with house and lot
fronting on alley in the rear. 225 feet
on north side Of Marshall street between
Norton and Kinney streets; ten lots
in Duluth; one-fortieth interest Of the
east one half Of the northwest quarter
OF section %. township so county of St
Louis. Mimi: any other real estate
which ne may own at Duluth: half In
terest In three lots. Summit-Park addi-
lion ST. Paul: several lots in Como
Heichts. addition to ST. Paul; 10 acres
of land in Douglass county WIS; Is
acres in the District of Columbia on
east side of Tenallytown road; also his
interest I'm s. acres of land on said
road. for which he holds syndicate GER
tihcate No. 0, pledged to y. w. Bowe for
81 500: one fifth interest in certain proper
~ in Ridgedale addition. Chattanooga
r. L. Browns interest in the Richmond
and St Paul Land and Improvement
~ IL
tincates amounting 20 $4,000. upon which
50 40O.0T has been paid; also five dividend
certificates in the same for $1,000 each;
I'VE certificates I'm Old Dominion, Duluth
Land and Improvement Association for
81 600 each; three dividend certificates in
same-two for $1,000 each. and one for
$780, eight shares in Richmond and
Manchester Land Company all interest Of
r. l.. Brown I'm and to the capital and
business Of Brown Davis q Atkins; ten
shares OF stock First National Bank OF
Richmond; fifty shares stock Virginia
Fire and Marine Insurance Company; JOG
shares i'm Smith-COurtney Company,
Richmond: interest in schOoners Fannie
Brown, Bessie Brown (sixtieth part
oach). Mamie Saunders. Dora Allison.
and w. c. Wickham (thirty-second part
EACH; five shares in Title and Trust
Company. Richmond; ten shares Metro
politan Bank. Richmond; half interest
in note of 81 go, by Merritt & Wheeler,
Duluth: five notes. S5.33S. secured by Du-
luth mortgage; twenty-seven shares in
Nicaragua Canal Association interest of
five-twenty-fourths in a note for 5000,
secured by Duluth mortgage; all house
hold and kitchen furniture; life insur-
ance policy for $1,000 in Northwestern
Life Insurance Company: policy for $4,000
i'm NATURAL Life Insurance Company: paid
up policy in same company for $4,000: two
policies In same on the distribution-plan.
5000 each; policy in American Legion
Of Honor for 5000; policy in Life In
surance Company of Virginia for $500
ON this insurance one policy for 5000
IS entirely paid up. while the following
amounts in premiums have been paid
upon the others: Sj.692.N. S5.J9l6); s., SIS
s6lf. and $3.50.
The trustee was given the usual powers
IN such cases. and was authorized in
order TO realize as speedily as possible
the interest Of r. l.. Brown in the firm
OF Brown, HaSis * Atkins, 10 sell this
ing himself by examination as to the
nature and extent Of such interest, and
upon such terms as TO cash and credit
as to the trustee might seem most judi
cious. The trustee was also empowered
10 negotiate the sale or disposal of the
various policies Of Insurance assigned
upon the best terms attainable without
unreasonable sacrifice.
CREDITORS OF MIR. BROWN.
The deed stlpulates that after the pay
ment OF all the expenses attending the
execution Of the trust. including COM
missions, fees for drawing the deed. etc,
tho funds realized by the trustee from the
sale and disposition Of the assets shall be
applied " him TO the discharge of the
following debts:
First Class-John r. Cary & Son, note
so: $. r. Chamberlain. trustee. note
$s.19l; also note Of X. l.. Brown for 5000
endorsed by Charles l. Brown and sold;
note 20 w. :. Morse for 500: note 10 Mrs.
Hattie Curtis for $500; note for $3.50,
endorsed by Charles l.. Brown and r.. J..
Brown for money borrowed from w. +.
Seymore; $50 due II. Ella Brown; note
for Si6850 10 o. +. Bresee q Son; note
20 same for $50 for sums paid on in
surance Of r. H. Brown; open account
with 5. II. Halves & Co, $50.
Sscond-First National Bank Of Rich
nond. $3.50 evidenced by fifteen notes
20 become due between February c, 1896,
10 June 8. 1896.
Third-Holders Of all negotiable notes
made by G. l.. Brown and endorsed by II.
J.. Brown, the proceeds of which were
used by the latter; any balance found to
be due upon settlement Of the partner
ship accounts of the late firm OF Brown.
Davis < Co, by r. L. Brown (who was
n member Of that firm) TO T. william Penn
berton and ID. o. Davis, the other men,
bers OF the firm.
Mr.. Browns Franklin-stroet residence Is
valued Il about $1,000