The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-08-03
c. B. Afford ASSIGNS
Liabilities of Holly Springs
Merchant $33,oo2.
< B. & c. B. Barbee Made Trustees in Deed
Which Declares Afford Solvent. He.
Giyesup Everything.

G. Bent Afford, big merchant and
farmer of Holly Springs. in Wake Coun-
ty, and Angler, in Harnett county, yes
terday made an assignment and gave a
deed of trust to Messrs. Ed b. Barbee
and Claude b. Barbee, of this city, who
are to take charge of all his property
to sell and dispose of it for the benefit
of his creditors.
The liabilities amount to $33, 692 in the
hgures given with perhaps some smaller
additional amounts. and the assets con-
sist OF many acres of land in Wake and
Harnett, town lots in Holly Springs and
Angler, goods and merchandise, mort
cages, notes, cash in bank, goods in de-
pot, stocks in companies, houses, house
hold and kitchen furniture, live stock,
etc., said to amount to about $4,000.
The deed of trust is made by G. B. Al
ford, and his wife, Mrs Texana o. Al
ford, who releases her dover rights in
all the property The cause of the fail
IRE is said to be the poor crops of last
year and the inability of Mr.. Afford to
raise ready money on his business and
property, when a number of his creditors
began to press him for payments.
The debts of Mr.. Afford, as set forth
in the deed of trust probated yesterday,
are as follows: A. David & Co, $3.50;
John E. Hurst G. Co., $3.50; Piedmont
Wagon Co., $3.50; Odell Hardware Co.,
81 200; Augustus Wright. $3.50; T. B.
Thomas & Co.. S474; Old Dominion Pants
Co., $164.5O; Harvey Blair & Co., 5000;
L. M. Foushee, $3.50; Stearn e Co.. $500;
Assignee John R. Cary G Co., 500;
White Sewing Machine Co., $500; Hughes
Buggy Co., $500; Ratterman & Luth,
$3.50; Virginia Carolina Chemical Co.,
$685.; F. s. Royster Guano Co., $1,000:
N. C. Cotton Oil Co., $2,375; Caraleigh
Phosphate and Fertilizer Co., $4,000;
Barbee &c Barbee, $500; Hart Ward Hard
ware Co., $500; Crowder & Rand, $3.50;
Dunn Bros, $50; N. A. Williams, $1,000;
Mrs. Texana O. Afford, guardian, Dor
rowed money, $1,000; Citizens National
Bank Of Raleigh, surety on note, $4,000;
Philips & CO., $4e0.
The assets set forth by Mr.. Afford con-
sist largely of farms. He declares that
he is solvent and has more than proper
ty enough to pay all the debts and hence
he conveys all his property of every
kind and in every place to Messrs. E. b..
and c. B. Barbee to sell and so use as to
settle all his debts, the remainder, if
any, to come to him. The sale to be held
after thirty days notice.
In the list of property there are named
thirty-nine farms in Wake and Harnett
counties. principally in Holly Springs
township, though some are in Swift Creek
and Middle Creek. These contain about
5000 acres altogether and some are very
valuable pieces Of property. Besides this
there are a number of town lots, stores,
and residence buildings, goods and mer-
chandise in stores in Holly Springs and
Angler, goods in depots at both places,
horses, cattle, mules, pigs, household and
kitchen furniture, turpentime still, wag-
ons, buggies, carts, harness, notes, bonds,
mortgages, stock, cash and cash items in
Citizen National Bank of Raleigh, and
all real and personal property of his
wheresoever found.