Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-02-27
CHAS. l.. TODD FAILS.
,,,<Fs An ASSIGNMENT WITH LA
Utilities or ABOUT sIso.ooo.
NAY HsYE A GOOD MARGIN LEFT
This Depends Upon the Winding Up
of the AGairs OF the GnlIcgo Mills.
ttst Of che Property Conveyed and
,hc creditors.

U fnaUe
an assignment yesterday evening. This
action was largely caused by the embar-
-sssrcnt OF the mills. Of which Mr.. Todd
was recently appointed receiver.
Tire failure caused no great surprise
oronc the friends Of Mr.. Todd. as they
feared that this course would have to be
resortcd 10 by him.
The deed was not placed on record in
the Office OF the Clerk of the Chancery
Court until shortly after o'clock last
night Mr. Todd himself Mr. Samuel
Racestcr. who is made trustee, and Mr..
p.ckren. OF the law firm Of Coke g Pick
ren. who prepared the deed. were present
when the paper was filed 1t was a
vo.uminous document containing twenty
raccs OF typewriter matter. The liabili-
ties are placed at $4,000. but in the event
Of q fairly satisfactory reorganization
of the Gallego Mills Company, they will
not be so large. as Mr.. Todd's personal
debts are said to be less than 100000. This
complication arises because Of the fact
that Mr. TODD has underwritten the bonds
Of the Gallego Mills Company.
The trustee takes charge Of all the
property conveyed at once. and will pro-
coed Immediately 20 wind up the trust
THE PROPERTY CONVEYED.
The deed conveys the following real
estate:
Three lots on the south side OF Franklin
street between Belvidere and Henry, with
q three-story brick building upon each.
One lot at the corner of Franklin and
Monroe streets. upon which stand five
fhraa-eforv brfpE tenement houses
one lot at the corner of Sixth and Clay
streets. upon which stand two three
story brick tenement buildings.
one lot on Second street between Clay
and Leigh. with two-story brick house.
one lot on Sixth street between Clay and
Leigh. with wooden dwelling thereon.
one lot on Marshall street between
Madison and Monroe, with two-stoly
brick dwelling.
One lot on the northern line Of Marshall
street with two-story brick dwelling, 6J2
west Marshall street
one lot at the corner of Marshall ana
Monroe streets. with brick house thereon.
one lot on Main street near Lombardy.
six lots of land. having an aggregate
frontage Of 224 feet on the southern line
Of Franklin street between Harrison
street and Richmond College property.
FOur-fifths interest in the BasinSpring
lot. corner Eleventh and Canal streets.
FOur-ffths interest in lot of land on
Twelfth street between Canal and Byrd,
upon which stand the buildings used by
the Gallego Mills Company as cSOper-
shop.
Four-ffths interest in lot on Eleventh
street between Canal and Byrd
HENRICO REAL ESTATE.
The following real estate in the county
o. Henrico:
one acre and a quarter. known as the
rutherford Mil lot. including all ap-
purteuances. especially all water rights.
The following real estate in the county
OF Hanover:
one hundred and twenty acres known
os the Oak-Lawn farm, with improve
ments thereon.
\ tract Of land situated in Liberty
county Tex. containing 1,l00 acres.
All stocks Of groceries, liquors. feed,
and other merchandise contained in the
stores Nos 42S and i32 north Sixth street;
together with all Office and store fixtures
therein. wagons and teams attached
thereto, etc.
All the grain. hay. feed and other
merchandise I'm the warehouse OF Charles
L. Todd. corner Cary and Twelfth
streets. with all office and store furni-
ture and fixtures. All judgments
credits. book-accounts notes, bonds. and
other evidences of indebtedness belong
ing 10 said Charles l.. Todd, including
coupon bonds Of the Commonwealth club
Of Richmond Of the face value OF SiwD'
which are pledged as collateral secu-
rty for a debt due the Union Bank OF
Richmond: also coupon bonds of the Cal
lego Mills Company Of the face value of
$4,000. which have been pledged by Mr
Todd with the following banks and hrms
who now hold them First National
az Richmond. s36. 500: Union Bank, $3'OJo;
Cuizens' Bank OF Richmond. $llW; Sa-
Wings Banks Of Richmond, 5000; Holt q
Co.. Of New York, Sl2,5oo.
HOW CREDITORS ARE CLASSIFIED.
The creditors are divided into seven
classes. as follows: .,
First Classy. McKinnen, 500; Mrs. T.
v Fellows. $225; Mrs. a. J. Weislser' SsoV'
Mrs Mary v Todd. S5S3A; notes upon
which T. II. Elicit is endorser held Dy
the several banks Of the city, aggregating
$3.50: notes drawn by Gallego Mills com
pany. endorsed by CYRUS BossieuX, &. L.
Todd. and #. H. Elicit, and upon Whlch
Todd and BOssieuX promised 10 hold =
lett harmless. aggregating $500; note lot
$1,000. endorsed by Mrs. 5. T. Pilcher;
also. any bills receivable endorsed by -
L. Todd. and transferred to T. II. Elletl'
FOR which Todd may be liable by reason
Of the non-payment of the parties prima-
ry bound. and any other liability or in
debtcdness Of G. L. Todd to T. II. Elicit
however the same may arise and be eVi-
denctd. also. any salaries or wages que
the clerks or employees of c. l.. Todd 10
the date Of the deed.
Second Class-The following sixty-day
notes. drawn by Charles f. Taylor a 20.
for the accommodation Of Charles H. Iodd
and by him discounted at several OF the
city banks: For 1882 7sSi; S2S6. a.
22273 S30257. S85617. sS4717, SS5617, $S51l4'
$26& S428C3. s262 SS. $l63.S3, $ZS2.65; notes
for $3.50 and Nn.G0. drawn by Todd, pay
able to the order Of Charles f. Taylor *
Co, note for 81. 500. drawn by Todd 20 the
order OF the Gallego Mills Company; bor-
rowed money due Charles r. Taylor d
Co. $20A32; also. the following drafts
drawn by Charles r. Taylor & CO. 10 OF
der Of r. II. Smith and cashed by Ioda
at the Planters National Bank. shall De
returned unpaid: Draft on r. Aumah'
Wadcsboro' y. c. $l0.69. on A. Cameron
& Co.. Durham, y. c.. 1890; Floyd Bro
theirs. Salisbury y. O.. S65.6l: same $3.50;
any other Indebtedness of Todd 10
Charles L. Taylor & Co. whether IN
cluded I'm the above or not. The following
sixty-day notes drawn by Todd & Justis
for the accommodation of Charles =.
Todd and discounted az the various Rich
mond banks Notes for Sj3S57 SiS2.5'
SGC12 SyJ82s. sg3097. S7SG2. S350.26. 1886 o.,
S2lG and all other liabilities OF Charles
j. Todd 10 Todd g. Justis. Note due Caleb
Jacob for 500: note due W. ID. Ellis Tor
$3.50. note due l.. B Ellis for $40; note due
~ r.. Ellis 500: the Milhlscr Manufac-
turing Company, note drawn by the Gar
lego Manufacturing Company endorsed by
G. /. Todd and Cyrus Bossieux for 500;
John r. Powers. N55CS; note Of c. l..