Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-12-29
G. g o. REACHES OUT.
Control OF tho Toledo and Ohio Gem.
trail Railroad secured-Failure OF
weIi-Known Railroad Contractors
Tonnage Tax nni Approved by
the Governor-A shooting scrape-
Doath-CoIoneI Brnay HI.
Especial to virglnian-Pilot.)

III especial TO NlrBlnldn-HllOl-) = a
Richmond, Va, Dec. Authorization
was received here o-day that the Pro-
duce Exchange Trust Company, of New
York, In which President John Shelton
Williams, Of the Seaboard Air Line, is
q director, has been reorganied and will
pay all of its creditors in full. The
capital stock Of s5.OOO,ooo, it is said. is
Mnimpaircd.
Mr.. Williams, who will return to
Richmond Saturday, sends word that
the interests Of the Seaboard Air Line
will be safe in the hands Of the COM
pany as recognized. Mr. Williams says
further that the consolidation, which
was temporarily impeded by Mr.. Ryan,
Is rapidly approaching completion.
NEW LINE SECURED.
The Chesapeake and Ohio railroad has
acquired control of the Toledo and Ohio
Central railroad, and Mr.. Decatur Ak
tell, third vice-president of the Chesa-
peake and Ohio has been elected presi-
dent of the same. 1t is very valuable
property and will increase the effective
ness of the Chesapeake and Ohio con-
sideraby.
S. D. GoocH FAILS.
One of the most considerable failures
in some time was recorded here to-day,
when Mr.. S. D. Gooch, of Louisa coun-
ty, filed petition in bankruptcy.
His liabilities are S40,TSl.09 and his
assets $50, 014.96
The creditors claims range in sums
from about four thousand dollars down.
ward.
Mr. Gooch has been n noted railroad
contractor a few years ago he was
rated as a very wealthy man, but re-
verses overlook him. He lost money
during the years Of depression in bus
mess.
He returns, probably. more assets
than any person who has taken adj
vantage of the bankruptcy law in this
district. tits said that Mr. Gooch has
turned over absolutely nil of his pro-
perty for the benefit of his creditors.
TONNAGE TAX BILL SIGNED.
The bill placing n tax OF fifteen cents
on each ton of fertilizer was signed to-
day by the Governor and is now effect
I've.
1t is expected that great benefit will
result to the farmers by reason of the
revenue so derived
A SHOOTING sCRAPE.
Information has been received here
OF shooting scrape at Mascot, in
King and Queen county. on Christmas
day.
Mr. Oscar Grubbs shot and wounded
n young man named Seward Par
ticulars' of the affair have not been
learned. but it is said thar Mr..
Stewards injuries are not serious
Both are well-lknown young men of
their neighborhood.
DEATH.
Mr.. James A. Morris, ST.. died at
his home, at 705 Cumberland street,
this morning in the rs tn year Of his
age. lie had been III for about four
weeks, having been taken sick ON the
2Sth. of November.
MIR. Morris was born in New Kent
county, Va, April G. 1922. At an early
age he came to Richmond. and had
ever since made this his home He
was carpenter by trade, and was at
the head Of his class.
During the war he had charge of the
stables of the Governors staff, and did
much excellent service in the cause Of
the South
COLONEL BRADY ILL.
Colonel James D. Brady, the collector
OF internal revenue, is i'll at his home
in Petersburg. His son, Mr.. Joseph P.
Brady, deputy clerk of the United
States District Court, is with him.
Colonel Brady is not dangerously Ill,
and his condition was reported as i'm
proved today.