The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-26
PUTS BUSINESS IN
HANDS OF TRUSTEE
Sherwood 1ligss, One of the
Leading Merchants Of Raleigh,
fIakcs All Assignment.
BAPTIST PAPERS CONSOLIDATE
Lsreelal 10 rhe 1.Lmes. plspateh. J

RALEIGH n. c.. November 2S.--
Sherwood IIggs, trading as Sherwood
Riggs K Co., an extensive dry goods
merchant of Raleigh, filed deed of
assignment this morning, naming Nv.
H Pace, an attorney of this city ~
trustee to wind up the business. THIS
81 one Of the Oldest and largest mer-
camille FIRMS In the city. aid has con-
,lueted an extensive business in dress
goods suits, notions, millinery. toilet
articles etc. About twenty salespeo-
pie were employed until about three
months ago, when the clerical force
was considerably reduced in efforts to
buoy up the business. The failure Is
understood not 10 be due in any way
10 the recent financial stress the dliri-
culties of the company having extend
ed through several months past. There
~ no estimate given at to the assets OF
the company. the stock of goods and
HE fixtures being all that Is involved.
This will aggregate possibly between
$1,000 and $4,000. There is only ono
preferred credtor--H. Is. Claflin & Co.
of New York; whose claims against
Higgs are stated in tie conveyance to
aggregate 10000 There is a clause
providing that all other creditors shan
be paid pro rata after the Claflin claim
is satisfied.
Candidates At Work.
Hon. Locke Craig, of Asteville, a
prominent candidate for Governor OF
North Carolina, to succeed r. E, Glenn
spent SUNDAY in Raleigh, returning
from Union county. where he delivered
addresses Saturday in connection with
educational meetings. He mnnifests Il
high degree Of confidence in the success
70 i,I 10 TN
ton for Governor.
The State military authorities are
moving for procuring from the War
Department 100 additional lilies. 10
hring the complement in this state to
nfty-eight guns to each company. as
provided in the Dick bill. AGJutant-
General Robertson Will go 10 Wash
ington December I'd TO press the matter
before the War Department.
The Southern Savings Eank, Of
Wadesboro. received charter from tile
State Department to-day. capital being
s125.000 authorized and 10000 sub
scrthed. by j. T. Patrick, w. C. Crock,
and others including about $50 bust
ness men and farmers of WadesborQ
and Arson county.
Another charter is to the Graham
Livery Co. OF Graham capital. $4,000.
by B. Richardson, L. Z. Mcclure.
and others.
There y also a charter to the Inter-
state Coal Co, of Altapass. Mitchell
county, capital 100000 authorized and
$1,000 subscribed. by s. +. Jennings
ard others
Baptist Papers Consolidate.
The Rieie Recorder. the .NoEeA Caro-
lima state convention organ. mas prr-,
chased from John \ Oates the North
Carolina Baptist another Baptist paper.
pshltshed weekly 81 Fayetteville. and
VIII consolidate tlsis with the Recorder
Tia Biblical Rscareier is ownea by q
siQek eozdpaay', yapitaiizsd g, $4,000
ie Eez. ". c. blanchard. ID. D.. The
dior, bong 2 .Srge stockhol6er. The
combination az the two papers Will
constitute circulation Of about $4,000
after duplicates have beep eliminated
ie iasE issue of the North Caroline
iart.si VII come out this week. the
arnoIncefneHt Of the sale being in tits
we Ks issues Of tfls two papers. 3ir.