Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-12-06
A BIG ASSIGNMENT.
wEsTHAM GRANITE COAPAHY
FORCED TO THE WALL
COL. ANDREWS AFFECTED THEREBY.
Failure of the Chesterfield ConesPn
Necessitates His Making = Fer
sonaI Deed-LinbiSities Aggregate
Soo,OOO-Assets Sufficient, Though.

The Westham Granite Company. which
ton of Virginia. has met trouble and
been forced thereby to the wall
| A deed OF assignment was filed by
in the Chesterfield County Court on No.
vember 26th. last. and the property was
transferred to Colonel Henry Douglas, Of
Baltimore. and Mr.. Charles U. Williams.
of this city. as trustees. The assets of the
| concern are not valued in the deed, but
the liabilities are estimated to be about
| $4,000.
| The deed. though filed nearly two
weeks since. was not made public.
| and nothing was known OF 10
| here except by a select few. until
the Baltimore papers OF yesterday
announced that Colonel r. snowden An
drews, of Baltimore. tho president Of the
| concern and the principal stookholder.
had filed on Friday a personal deed AZ
| a result OF the failure OF the Granite
| Company.
COLONEL ANDREWS'S DEED.
The following account Of Colonel AM
drews failure appeared In the Baltimore
Sun:
Colonel r. Snowden Andrews, Of Bal.
timore. made an assignment for the bene-
fit of creditors yesterday In consequence
Of the financial embarrassment or the
Wrestham Granite Company OF Virginia.
Colonel Andrews Is the president OF the
company, which executed a deed or trust
for the benefit OF creditors about two
weeks ago. He is also the principal
owner OF the quarries OF the company
which are located near Richmond. va.
''The company owes between seO.cVp
and $4,000 which il was unable TO pay
because OF the lack OF ready money and
the refusal OF further accommodation
by the banks. This Indebtedness Is Sc
cured by notes indorsed by Colonel An
drews. who made the assignment for tho
protection of all his creditors. Mrs. Mary
/. Andrews. wife OF Colonel Andrews,
ioined In the deed, which conveys tho
Interest OF Colonel Andrews In the West
ham auarries, land in Florida. and pro-
perty in Baltimore.
Henry l. Douglas, OF Baltimore, ana
Charles T.. Williams, of Richmond, ara
the trustees. They are bonded here for
$50 900. double the estimated value or the
property In this city. which consists OF
four lots on North avenue. II Is thought
the embarrassment of Colonel Andrews
and the company will only be temporary,
as the value OF the quarry property
greatly exceeds the liabilities, having
been appraised recently at $4,000. Tho
granite from the quarry has been used
by Colonel Andrews in paving streets Oh
baltimore under contract. IL has been
used in laying what Is known as the
mosaic pavement"
MR.. WILLIAMSS STATEMENT.
This Ginning was shown to Mr.. Charles
n. Williams by Dispatch man yester-
day. and he said 1t was substantially
correct Mr.. Williams said further, that
tbere was no question in his mind that
the company's property would be more
than sufficient, II converted into money
TO nav oft all the liabilities. Tne. vfih-
c,nal creditors OF the concern are the
I,irst National Bank, of Richmond; the
First Nationa, Bank OF Baltimore, ana
Addison Camsok, OF New York. the
amounts due these creditors are not
snecifjed In the deed, and Ar. Wiinams
thought II best not TO make them pubic.
THE transfer included all the realty. en-
bracing the large quarries JUST apo,o
Richmond on the Chesterheih slde OF tno
liver the auarries on the Petersburg
road q short distance from Manchester.
and land and buildings opposite Rocketts'
IN Manchester the machinery, WAGONS
horses mules. tools, and. In fact, every
thing owned by the company
ONLY ONE AT WORK.
onIv one quarry has been operated py
the company, and that is the one on the
James river. Here upwards OF one hum
dred men we're employed, and they were
laid on when the assignment was mace.
This ouarry had been worked Tor some
time and had yielded splendid results
The stone that has been taken tnere-
from go far consisted only OF what ID
known as outcropping.
The quarry had just been worked, wnen
.ba assignment occurred. TO point where
tbe most magnificent granite has been
found a granite that has no superior In
When asked what disposition would be
made OF the quarries. Mr.. Williams said
that they would, in all probability. oe
snid though It was possible that new
comnany would be organized to WORK
them. ,,.,t r,on
tolerate soldier. and has many frienas IN
mis- citv. who will regret TO hear OF MS
embarrassment, which 1t Is to be hoped'
,s orIv TEMPORARY. Colonel Andrews ire
nuentlv visits Richmond, and when mere
r,alTes his headquarters at the west
r,oreland Club. His agent In this CITY -
NJ WYATT c. Grady. who mas acted IN
The capacity OF secretary ana treasurer
and and resident manager Of the company