Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-08-28
He Files a Petition in Bankruptcy
in United States Court. q
WAS FORCED TO THE WALL.
The Virginia Coal and Iron Company IN she
Courts-Tho Stockholders petcrnined
to Resist Payments Called for-meetins
ofthe Republican State Executive Conn.
mittce to Consider tho Party's Prospsesss
Many Doaths-A Physician Stricken
The Confederate Dead at Ariinstons
(sneclal to vIrginian- PILOT,

Richmond. Va, Aug. 27.--A considers.
able surprise was given the business II
world here this morning by the fafluSeSs:
OF Robert II. Harrison. one OF Riche
mond's best known young businesa
men, who filed q petition in bankrupsoy
In the United States Court, with liat,iiss
ties aggregating nearly $1,000 a4sts4
assets only about sec, 600.
Mr.. Harrison has been actively an
gagged In promoting the business isizss
terests OF Richmond, and was one 81 !
several who attempted to establish q ~
paper and pulp mill here.
The greater portion OF his liabilitIe#ssS;
are evidencNd by joint notes held hr
various banks here. 5sss
Mr. Harrison is popular young mus
and hissbusipess distress has occasfone&Fs
much comment. 1t is thought that ne ]!
VIII pay out If he is given time.
AN IMPORTANT. CASE,
case which is OF interest to stocks (
holders scattered all over yirginia rs
that OF Receiver w. D. Caldwell
against the Virginia Steel, Iron and
State Company, an organization which
was formed In boom days, and which,
like many others, was forced to sthe
wall. ags'' -sssse
Messrs. Robert Stiles and isaac
Digs. representing the stockholders
Chancery Court restraining the re-
ceiVer from bringing suit against the
stockholders for the present.
| Inc original subscription to the stock
OF the company was on the basis or s100
per share at meeting held at How
ardsville. Va. December L., 1860, afcGrs- \
/ tra4Lelkasa made Wit the I, 49, H.
Z we conpary, sfSreelnB to give them
| for the options which they turned over
| TO the company 100000 of paid up
stock, and 100000. in money. This con-
tract was voidable because a ma ioritv
| or the stock was voted by the promoters
holding proxies of absent stockholders
ana as soon as the promoters or a large
majority of them had their attention
called to this fact. they agreed to mod
liy the contract For this purpose a
meetinS was held at the Exchange
liotei In Richmond, Va, August 3, 1881.
which was adjourned to August FL 1881 \
at which new contract was entered
into by which 1t was agreed that the
promoters were to receive $4,000 of
paid-up stock in lieu of all their claims
under the original contract, and also
that the subscribers to the stock should
not be called on for more than SAC ner
snare. and that the promoters should
stand upon the same footing as sun
scribers who had paid si5 per share.
Ihis new contract was. of course. good
as between the promoters. the com
not binding upon creditors who. han
no notice OF 1t at the time they con-
tracted with the company The pres
ent call of s32 per share is against all
| or the stockholders of the company. in
ciuoihS the promoters who participated
IN tne meeting IN August, 1891. at (which
tie new contract was agreed 10. The
Chancery Court here has passed upon z
all the principles above set out In tina
suit OF Flournoy VS.. Virginia Steel
Iron and Slate Company, which was
Instituted in July, 1892. And the court
mas also determined that the go per
cent. call Is necessary to pay a balance.
OF about $4,000 of debts OF the com,
pany. the most of which indebtedness
consists of purchase money notes for
land bought by the company on credit.
The stockholders. it Is said, are de-
ments called for.
| Secretary Joseph I. Lawless. who
! attended the Newport News Conyen-
| ton last Thursday, and who so sue
eessfully managed the fight OF Senator
! Maynard Tor the Congressional nomI5
nation, has returned to the city. md
was ut his desk in the Capitol building
| this morning. Mr.. Lawless said that il,
| point of enthusiasm and good feeling
among the delegates, the convention
was remarkable one, and thar he HAD
! never seen the Democrats In betfeTH
! lighting shape in his life. He said an
other feature was the comparafive
| youth of the delegates who attended
the meeting, most of them being I'M
der the middle age.
The Secretary spoke most encoura G.
ingly OF the prospects OF Democrafic
success this fall, and said that all the
candidates accepted the result OF the
convention most gracefully, and wonld
work vigorously for the election OF the
nominee. t't
Mr.. Lawless has already been I'm
portuned 10 make SOME speeches, and
ne VIII probably deliver q limited NUM-
cially in the Second District.
THE HAND OF DEATH.
The hand os death hos been busy
here during the two days Just past
Two prominent Richmond ladies.
Mrs. Julius Levitt and Mrs. It. r.. Wall
drop, have died within the last twen-
ty-four hours of typhoid fever Both
were young and had hosts OF friends
and relatives who are mourning So
rious loss. Mrs. Levitt, who was the
| wife OF the well-known Main strees
merchant. passed away at her homo.
| No. ia South First street. at an easiys
hour this morning.
| Mrs. Emma Vaughan Waidiop. tho
wife of Mr. Il. e. Waldrop, died Of ttss to-;
! phod fever at the Retreat for the Sick
| Sunday night. She had been III bns
| three weeks, and vas at one time
thought to be on the road 70 recovery.
REPUBLICAN, GoNFERENCt1. Y
| The Republican Executive Gominit-
! tee met at Aturphyss Hotel to.lifsnt4
1 80