Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1911-10-24
o. p. HEATH IN BANKRUPTCY.
WeII-Known Cotton Broker Files Vol.
untary Petition.


Charlotte, N. c.. October 80. P
Heath Of Charlotte, one of the wealth
lest and best-known cotton brokers
in the southern states, with branch
offices in a number Of southern cities
filed a petition in bankruptcy late this
afternoon in the Federal court al
Salisbury, through Maxwell & Kier.
ans, his attorneys. Judge BOYD
promptly adjudged the petitioner a
bankrupt and referred the matter to
w. S. OBJ. Robertson Of Charlotte, ref
cree in bankruptcy. The liabilities, II
Is said, are more than $1,OOO,OOO
while the assets will not reach one
quar,er of that amount.
Practically all of the creditors are
North Carolina banks. though several
New York firms are represented In the
list. No cause is known for the fall
ure. Mr.. Heath Is i'll at his home In
this city and efforts to secure a state
ment from him tonight were unsuc-
Cessful.
Among the foreign creditors affect
ed by the failure are the Carpenter
Eaggot company and c; e. Riteh &
Co. Of New York, and Shute & Rich
ardson of Liverpool. The Carpenter
Raggot company had recently insti-
tuted q suit for more than $4,000
against Mr.. Heath.
In the bankruptcy petition liabili-
ties are given as follows: Notes dis
counted which ought to be paid by
drawers, makers. acceptors or en-
dorsers. $90S,4O7.90: creditors hold
ing securities, $33.312.O2; creditors
who are unsecured, S11,O83.42; taxes
etc. s97.2S.
The petition covers $50 typewriter
pages and there Is an army of cred
itorJ.
Among the liabilities are: First
National bank Of Monroe, $4,000;
First National bank Of Charlotte
$4,000: Charlotte National bank,
bank Of Charlotte. $4,000: Murchison
National bank of Wilmington, $4,000;
Farmers and Merchants bank Of New
ton $4,000: w. R. Meyers Of Wash
ington, n. c.. $3.625: another note
for same man. $2.100; Mary E. Foil
lard. Charlotte, $4,000; ]. H. Yount,
Newton. $500: Frederic Veter and
Achelin, commission business. New
York. $4,000: another note for same
firm. $4,000; Commercial National
bank Of Charlotte. $4,000; First Ma
tional bank Of Richmond. Va, 900;
National Exchange bank Of Chester.
-. e., SI,6UU. Allantlc bdHk @ lIust
of Wilmington. n. c., $b,-
900; another note for the same firm,
$4,000: Frank Gilreath Of Charlotte,
$4,000; Planters bank of Chester,
S. c.. $4,000: Farmers and Mer-
chants bank Of Charlotte, $4,000;
Mutual Alliance Trust company Of
New York. 10000; National Ex-
change bank Of Chester, S. c., $4,000;
National bank Of Balti-
more. $4,000: Farish-Stafford com
pany of New York, $4,000; another
note for same firm, $4,000; another
note for same firm, $4,000; another
note for same firm, $4,000: First
National bank of Wadesboro. $4,000:
Waxhaw Banking & Trust company
Of Waxhaw. $1,000; First National
bank of Monroe, $4,000; another note
for same bank, $4,000; another note
for same bank $4,000; Savings, Loan
& Trust company Of Monroe. $4,000;
American Trust company of Char
lotte, s1a,500 First National bank
Of Charlotte, 10000; Southern Ma
tional bank of Wilmington, 10000:
another note for same bank 10000;
Southern Loan & Savings bank of
Charlotte, $4,000.
In addition to the above there are
many smaller creditors.