The times. [volume] (Richmond, Va.) 1890-1903, 1896-01-23

! one share OF the capital stock OF the
| Cohoke Association.
All the right, title, and interest OF
James 4. Gray In q The s.sc sehooners 'fannie
Twelve shares of the capital stock OF
| the Georgia Pacific Railway Company.
| ANY balance or securities that may be
| due to Mr.. Gray from Messrs. Z, w:
| Branch * Co. on settlement of account
| between them.
All rents due said James T. Gray by
| r. II. Gillian or X. II. Gillian, agent
al other property. stocks, p0n1s; GER
to MIR. Gray which may not nave peen
| enumerated.
DIVISION OF CREDITORS.
The trustees are af once TO take Dos
session of the property conveyed ana 10
sell 1t as they deem best in the interest
! OF the creditors.
From the proceeds Of the sale the costs
and expenses OF the drawing OF the deed,
etc, a commission of per cent. 10 the
trustees, taxes, assessments, etc, IN
surdnce premiums, etc, are first 10 De
paid.
out OF the remainder of the assets
the following debts are to be paid:
First Class-John X. Gilliat Il Co.. OF
London, 900 pounds sterling on special
deposit or private account, with all in-
terest that may be due thereon, and
100 pounds sterling on general account,
WIN interest, Nfs. ;, NJ. Gafhett, ol
Manchester, about y, 600, with interest.
Second Ciass-City Bank OF Richmond,
note FOR $1,000 drawn by James 7. Gray
and endorsed by William II. Palmer; note
Drawn Dy James 4. Gray and endorsed
by G. W. Branch & Co., held by John
Pope. for 5000 National Bank of Nir-
sinia, Sl,357, due by Mr.. Gray on call
Third class: William II. Palmer and
James 4. Gray, executors OF William
Gray, deceased, S27,i736l, with interest
from December 3 1885, which debt is se-
cured by collateral mentioned above;
William II. Palmer and James r.. Gray,
executors of William Gray, deceased. 81
800, with interest from January l6. 1896.
which debt Is also secured by collateral
as stated above Granville G. Valentine.
trustee, $4,000, due on note dated De-
cemher 26, 1885 and payable on demand.
which Is also secured by cOlaterals al
ready mentioned the estate of Mann ;.
Valentine. deceased. $500, on demand
note, which is secured by twenty shares
OF the capital stock OF the Virginia Trust
Company. City Bank, OF Richmond. s5,-
463 SO. due on note OF James 7. Gray,
dated November g. 1898, and payable four
months after date. for which debt bonds
of the Tennessee Midland Railroad Com
pany are pledged. the Savings Bank. of
Richmond, note, $500. National Bank of
Virginia, notes Of f. ID. Hill or Il. ID.
htl a. Co. endorsed by Gray for $500,
1900 and $500 as security for which en-
dorsements James T. Gray holds a ten
years paid-up policy Of the Mutual LIE
insurance Company, OF New York, Tor
5000 on the life Of Frank ID. Hill, these
rights being transferred TO the trustees;
National Bank of Virginia, joint note of
James L. Gray and +. l.. WOrmley for
g. 2506l note of William r. Smith, en-
dOrsed by James Il. Gray, for $50, note
of =. l.. Wormley, endorsed by James
II. Gray, for 2,00, Mr.. Gray being an ac-
cOmmOdatiOn endorser, said note being
thought to be held by the First National
Bank, of Richmond Va. or by the Union
Bank. of Richmond; the First National
Bank, OF Richmond, note for 5000. what
ever balance may be due by James 7.
Gray 10 w j. Walker * Co. upon set
tlement OF accounts between them; what
ever balance may be due by James I.
Gray 10 Thomas Branch * co. upon set
Element Of accounts between them.
The fourth class includes any debts not
mentioned above.
CAUSE OF THE FAILURE.
One of the trustees when seen i'm regard
TO the failure. declined to make a state
ment for publication. It Is understood
however. that Mr.. Gray made the assign
ment because he owed money and wished
20 wipe out his financial obligations as
speedily as possible. The exact condition
Of his assets IS not known, and ms trus-
tees refuse 10 discuss the matter. lne
failure Is thought 10 be due TO several
causes though none are definitely known.
lt.Is sad .tle gcuei az iifpI Icssion IN fnan
cial circles and reverse speculati0ns IN
cotton were the causes OF Mr.. Grays
failure.
Mr.. Gray is one Of Richmond's most
popular citizens. lie was gallant Con-
federate soldier, and his course since
hOstilities has endeared him TO all eN-
COnfedorates in his wide acquaintance
ship. He is at present commander OK
h. r. Lee Camp OF Confederate Veterans,
the largest organization OF the kind I'm
the state. lie was born and reared in
Manchester. and received his education
at Randolph Macon College. He enlisted
las "a private in the First Company or
Howltzers which formed "A part OF
CabeWs Battalion, attached TO Mcl.aws'
Division.
Colonel Gray was captured az Gettys-
burg and was confined In a northern
prison for some time hut upon being
released reiOined his old regiment and
again took an active part I'm the war.
IIe was one Of the fortunate few who
served with honor and distinction that /
came through the conflict unscathed. |
After the close OF the war Colonel Gray /
met with success In the business world. |
lie was one of the best-known OF Rich /
mOud's tobacconists.
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