The Birmingham age-herald., 1910-04-27
CREDITORS MAY NOT SUFFER AS GREATLY
 AS WAS ANTICIPATED
Figures on Gross Assets of Knight, Yancey & Go. Are
 Hope Inspiring
BRITISH STEAMER STILL
 BEING HELD AT MOBILE
Has on Board Cargo of Cotton Valued at S450,O0O Knight Corrects statcment-English Creditors
 May Start Litigation

Huntsville, April 26.-( Special )-The gross assets of the big spot cotton firm of Knight, Yancey & Co.,, of Decatur that went into bankruptcy last week | have been figured out in the papers on file in the bankruptcy court here and the result arouses some hope that the loss that will be sustained by the un- secured creditors will not be so great as was anticipated. The assets are:
 Collateral deposited with the First Ma tional bank of Decatur against loan aggregating s16S.446. 1929 bales at the Magnolia compress in Mobile, 47O bales at the Gulf Compress company's ware house in Decatur, and 500 bales in the wareho ouse of the Thomas Storage com pany at Fall River, Mass.
 Collateral deposited with the Union Bank and Trust company of Pulaski, Tenn, against a loan of s2S,f31 4lS bales in the Magnolia compress al Mobile.
 Collateral deposited with the Nor gan County National bank against a loan of s11,000, 16S bales in the ware house of the Gulf Compress company at Decatur.
 Equities in 20OO bales shipped to Henry Hentz & Co., of New York for which drafts aggregating s1S2,600 have been drawn and honored. Equities in 2000 bales shipped to Lath em & Co.,, Havre, France, for which drafts aggregating 752,26S marks have been honored.
 Ten unincumbered bales of cottor in Huntsville.
 Equities in B bales deposited with the First National bank of Huntsville against loan of s915.
 Six hundred and twenty-five bales In Birmingham, worth about s42,OOO. Cash in Birmingham banks, 5000 against liabilities in Birmingham of s29.OOO, all due the First National bank, which holds warehouse receipts for the cotton.
 Cash on hand at Decatur, S2235, in hands of bookkeeper.
 Amount due from debtors, part se- cured, $S25O.
 Bagging, s625 office fixtures, s1ssO; two bales cotton in New Orleans; 63S bales at Decatur. all hypothecated; 7ss bales incoming on Southern railway; bales on Louisville and Nashville rail- way; 10 bales on Louisville and Nash vile railway. stopped in transit com press receipts for 11g7 bales in Mag nolia warehouse, Mobile, all unincum- bered; bills of lading for 590 bales in Louisville and Nashville yards at Pen | sacola, unincumbered.
 Stock in the Union Cotton Mill com pany, Boston, worth s74,414. Speculative accounts with brokers. margins in excess of losses, about s4l,- 197.
 Due from customers who dealt in futures, s17,000.
 Open accounts on ledger, addresses of some of the debtors being unknown, about s94S62.
 To this list has been added 7SOO bales | billed to Lathem & Co.,, Havre which has been seized on the steamer Mel tonian at Mobile, and which is in It. igation. the receivers claiming that this property was set aside to Lathem & Co.,, with the intention of making them preferred creditors. | Separate schedules of assets and lia- bilities have been demanded of the three partners in the firm who did not concur in the bankruptcy proceedings which were instituted by the fourth partner, Walter D. Nesbitt of Birmine ham. The others are John w Knight. R. H. Nesbitt and W. J. Yancey. Knight Makes Statement
 Decatur, April 26.-(Special. )-J ohm w. Knight, head of Knight Yancey & Co.,, who failed for nearly s6.OOo.- I E-Ng