The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-10-04
CONTINUE BUSINESS
The Liabilities of j. L. Williams & Sons
to Be Gradually Paid OFT

ne CIdUtlllIcS " W - ~ ''''~~''- =
to Be Gradually Paid Off.
Messrs. John L. Williams Sons de-
~, rcd In a statement yesterday there
would be no interruption III their ous1-
ness. =. .o,,o,o
The Arm has every reason to neiieve
that the committee into whose hands me
anIa ;rs of the concerns of John l.. Will
narns &. Sons and J. William Middendorf
r. Co. have been delivered, will gradual
" liouidate every debt Of the two houses
and leave them with fair balance WIN
which TO continue business.
The banks of Richmond had no seno,
lance Of trouble yesterday. the usual
amount Of Saturday business was done
and the futter noticed on the streets
and in the business houses on Friday had
entirely disappeared.
It was thought that possibly num-
Der OF country depositors would come TO
the city yesterday to look into the SIT
uatton at close range. But this class OF
depositors seem as unrutfled as theif
city friends. ,.,,s
member of the firm Of John l.. VIII
,ams r Sons gave out the following state
mcnt yesterday:
"rhe advisory committee which has un-
dertaken to arrange our affairs and make
an exact statement of them TO creditors
is actively at work and probab bly, VIII COM
nlete Its labors in a short time The de-
yelonments Of the last two days have
given us every reason to believe in an
early and generally satisfactory settle
mcnt which will result In payment OF all
the creditors of both firms and in leaving
rs a good balance with which to continue
business.
you can say for us that we are con-
tlnuing business and expect to go r'ght
~,Jth o,,y infarr1ntiOn.
I'VE have been intensely gratihed by the
MANY expressions we have received BY
mall and telegraph and personally OF the
sympathy, cosfldence and goodwill OF our
friends and the public. No important
creditors have shown the slightest dlsPo-
| s!tion 10 be oppressive or exacting In their
| demands. To the contrary, practically all
| those to whom we are indebted have
| shown a liberal and kindly disposition and
a purpose to cooperate with the commit
| tee In helping us to straighten up, real
lie, pay and go on.
ALL IN DAYS WORK.
This reverse comes to US from causes
beyond all the ordinary calculations OF
| nr,,dent business men. We are taking 1t
as one of the things that all who are in
| active life must encounter sometimes, but
we have no doubts or fears for the fuN
| ture, We are confident that we Will re-
| gain all that we have lost and more. Ger
| ta!nly the kindness we have met on every
| side will make us more eager than we
ever have been before to be useful to our
fellow-citizens in this community and in
the State and the South generally. while
| pushing our own business, The kindness
has been from all directions, but our
scene Of work appears to be In the South
| and there we expect to continue.
IT cannot promise that any definite an
| nouncement will be made at any special
| time concerning our affairs. If all goes
| we'll. as we now hope and believe, there
| will be simply gradual process of LIQUID
alton, of dlsposng of, securities and inset
ing obligations until everything has been
paid; but In the meantime our business
will continue Therefore, 1t is not likely
that at any, time there will be occasion
for any formal statement of our affairs
or those OF Mr. Mlddendorf,
| 1t Is not expected that the committee
will come to Richmond at all. Their work
| will be done In Baltimore and there the
creditors will meet, If such n meeting is
| held Unless all hopes and plans for q
satisfactory relief of the distress Of these
companies are frutless, nothing more
will be heard of the affair, except pos
sbly an occasional unofficial report OF
| DrOgreSS. tH.Ha.M