The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-04
The BURRUSS FAILURE
New Developments Gr0w|ns Out of that
Business Mishap.
CAPTAIN BURRUsS GAYE. NO MORTGAGES
STUFFED by Those Close 10 the banker
That the Property transferred
10 the Trustee Is SAFE Collateral
More Suits Entered by Depoaitors
-Thnt Main Street Property

The suit Of Mr.. w. III. H Trice agains,
n. Eurruss, lately doing business as
Burruss, Son s. Co, has been Joined III
by twenty-five other creditors of the
Dank, whose claims aggregate s32, 634. 81
Clerk OF the Court Register was kept
quite busy yesterday filing and record
ing the petitions Ills pendens," which
poured in all day
The following are the idepositors and
amounts for which they bring suit
Mamie Il. Burton, $500
r. w. Stircs, $1,000.
y. c. Ward, 5000.
w. II. 9. Erows, $3.50.
S. y. johnson, $40.
Mary l.. Baxter, $3.50.
Laban Reid. S170.
Joseph Jones, $3.50.
James II. Cruiser. 5000.
Edward sspalding, receiver for T. TT
Gale $4,000.
\. Is. Duesberry, si.750
Moses Curran, $4,000.
j. w. Martin & Co $3.50
~. j. DENLY, $1,000.
" G. Simmons. $4,000.
Butte Street Baptist church. S5a5
Elizabeth Jones and Lydia G. Beiezza.
1928
l.. Il. Rysiop, $500.
Sarah Seiig. Sc. OPS
". II. Chapman, $3.50.
Sam l.. Thicker, 81 900
Dnrden & Reeves. SSG7.l2
Laura Lewis. I,292 S.
Bessie Maycs. $4,000
STATEMENT AS TO MORTGAGES.
The N.rGiniar learns from those very
tioSe 70 Nj. Burruss that the property
conveyed by Mr.. Buri'uss to his trustr.,
IS not heavily mortgaged. It is asscr,
ca that the records will show that The
only property conveyed by Mr.. ISurIuss
which is mortgaged consists of two or
ihree pieces which he had bought dur
ms late years, and which when su
DouEht by him were subject to certain
liens. These liens were assumed by Mr.
Hurruss as part Of his purchase money,
ne paving certain part or the purchase
price in cash. and assuming the liens;
on me property IN payment OF the re-
mainder Of the purchase money.
Inc V1rginian is also Informed that
MI. Burruss never gave a mortgage on
any oil his real estate. The reason he
uld not do this is stated to he becaue,.
he very naturally felt that his deposit
nrS ana creditors might mlsconstrue il.
and that it would thereby affect his
credit. 1t is recited that some yca1,s
ago. when desiring to build the stni..
age house OH Plume street, not wishing
10 take the money necessary for that
purpose from his business he induced
his wife to mortgage her maiden prop.
ertE on Main street to raise the amount
OF money which was put into that build
ms. mat property OH Plume street be-
ing part Of that which was convened
TO Judge Garnett as his trustee
In regard to any misrepresentation that
may exist as to the interest OF Mr.. Bur.
russ III the property on the corner Of
Main and Atlantic streets, which he
conveyed 10 his wife in lieu OF her dove.
rights in Ill Of his other real estate
ne NirElnan informant e.a1cs .hat
the records show that Mr.. Eurruss did
not own this property IN fee hui only
owned al undivided half interest in fee
with life estate in the other half One
half Of K formerly belonged to his fathe,
he late Cicero Burrus.;, and was devised
I" him for life by his father. with re
inIlnder TO the children of Mr.. Rurruss