Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-05
FAILURE or Tuos. ID. NEAL, JR.
The TObncce mist and WarehOuscmnn
Makes nm Assignmeut.


chant and warchouseman, and one OF
Richmond's best-known businessmen,
made an assignment yesterday to Colo
mel 10. Lane Stern. trustee. The Ia
bilities are placed at sloS,co while the
value Of the assets conveyed is not given
in the deed. which was placed on record
in the office OF the Clerk OF the Chancery
! Court early yesterday morning.
Mrs Neal joined her husband In the
deed. and in consideration OF this all
the household effects were conveyed TO
her.
The reason Mr.. Neal assigns for his
failure Is the long-contlnued depression
Of trade.
THE PROPERTY CONVEYED.
Below is given a brief description of
the property conveyed:
First-A lot. with improvements, on
north side Main street between Fourth
and Fifth streets, subject to former
deed of trust to secure $500. part Of
which has been paid
Second-A lot. with improvements. on
south side Main street, between Foushee
and Adams. subject to two deeds OF
trust--one to secure S7i3i, part of which
has been paid and another to secure
Si4S0.
Third-A lot on the north side Of Floyd
avenue, near Cherry street. subject to
three deeds Of trust. TO secure $500. part
of which has been pnd
Fourth-Nears warehouse. on Virginia
street near Cary. subject to the lien OF
an annuity or rent charge of SLIGO per
annum under an agreement.
The trustee is directed TO separate to-
bacco received on consignment from the
personal property OF Mr.. Neal, and TO
hold it subject TO the orders Of the
owners.
The personal property described below
is conveyed to the trustee:
All right. title. and interest, with the
exception mentioned above, in all tobacco
i'm Meals. Seabrooke's. and the Allegheny
warehouses; all tobacco-warehouse re-
cepts issued thereon, subject, however
TO the rights Of the holder; warehouse
and office furniture and fixtures bonds,
bills. notes. stocks. book-accounts. and
other evidences of debt, and any and all
other personal and real property of what
ever nature and wheresoever situated. ex-
cept his household and kitchen furniture.
most of which is at his residence, No. 40S
east Main street
The conveyance Of personal property is
subject TO a prior lien to secure the Nir-
ginia Trust Company of this city. $4,000;
the National Bank of Virginia. $500. and
other pieces of the property are subject to
liens. which are to be duly regarded by
the trustee.
HOW CREDITORS ARE DIVIDED.
After providing for the payment of the
costs of executing the trusts, trustees
fees. &C, the creditors are classified, In
effect, as follows:
First-Fiye thousand dollars. on a
written obligation. TO James n. Boyd, or
order. at the Planters National Bank,
for money loaned.
second-Five thousand dollars or
written obligation to w. G. Neal, or or
der. at the same bank. for money loaned.
Out of the proceeds of the sale or the
warehouse, which are not included In
the above. the trustee is directed to pay
pro rata two notes made by Thomas ID.
Neal. Jr, payable to the order OF j. NJ.
Neal. one for 5000 and the other for
$1,000.
Third-All debts of r. d. Neal, Jr., for
which w. c. Neal has become obligated.
aegregating $4,000. subject 10 credits of
s91O.29. All over-drafts and due bills due
bv n. D. Neal. Jr.. TO Planters National
Bank and the Virginia Trust Company.
All outages due or about to become due
on tobacco sold to be delivered free.
Draft drawn by Daniel Williams & Co..
on and accepted by Thomas ID. Neal. Jr.,
for Sll51O. Any balance due T.. 5. Garlic
ton on a settlement of accounts.
Fourth-Drafts and notes made or en-
dorsed by Thomas ID. Neal, Jr., aggregat-
ing So. 1892.
Fifth-Drafts and notes made or en-
dorsed by Thomas d. Neal, Jr., aggresat-
ing sl0S.9l415. subject TO credits amount
ing 10 81 1869.
ANY debts not enumerated are provided
for in a general way in the last class.