The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-08-07
OWES ;s7,9s4.95;;
ASSETS ONLY $285
FRANK ID. WARE. FORMERLY OF
wARE-kRAMER TOBACCO COM
PANY, A BANKRUPT.
* RAN ER ALSO BROKE
EMBARRASSMENT OF HIS FORMER
BUSINESS ASSOCIATE COMES
TO LIGHT SAME

Frank y. Ware. president of
the Vaughan Ware Tobacco company,
formerly senior member Of the defunet
Ware Kramer company, cigarette
manufacturers of Norfolk. Va, and
now travelling salesman for the
American Tobacco company, yester-
day flied a petition in voluntary
bankruptcy in the United States Dis
frict court here. through Nathan T.
Green, Of Norfolk, his attorney
Mr. Wares liabilities are scheduled
at s97,9a495. consisting mostly of
outstanding notes, and his assets are
only s2s5
Late yesterday afternoon 1t became
known that Albert Kramer, trading
as Albert Kramer & Co. and the
Kramer Medical company. manufae-
turers Of "kramettes." and former
business associate of Mr. Ware and
endorser on some of his notes, had
flied a petition In voluntary bank.
ruptcy- on Jul~ goth, though the fact
lar channels. Mr.. Kramers liabili-
ties are scheduled at $4,000. and hts
assets as $4,000. Attorney OrdWay
Puller filed the petition
Owe Norfolk Ranks.
The heaviest single items in Mr..
Wares schedule of liabilities are two
notes--one for $4,000, payable to
the Virginia Bank and Trust COM
pany. of Norfolk. for money loaned
the Ware IRA mer Tobacco company
and endorsed by Y. c. Leftwich, j.
c. Chamberlain, Samuel l.. and AL
bert Kramer; the other, a note for
$21 geo. payable to the Norfolk Ma
tional bank, with the same endorsers
Both notes were secured by stock
in the Ware Kramer Tobacco COM
pany, now insolvent and worthless.
\ note for $4,000 is held by the
First National bank Of Baltimore and
one for $4,000 by the Farmers Ma
tional Of Baltimore Another note
for $1,000 is held by William Lanahan
& Sons. Of Baltimore. and one for
50, 900 is held by Mrs. I. \. Vaughan
Of Ashland. The Naughan-Warc To-
bacco company holds enc note for
$1,000. A number of Richmond
creditors come In FOR small amounts
the largest being claims Of G. G. Leach
for 500 and Hugh Campbell for
$500. both for money loaned the pc
titioner. or the total amount Of
liabilities it is stated in the petition
that $4,000 is secured and S4.S41.a5
unsecured
II IL uIlQeFSlp0u ma ttte fTnl OF
NaushanWare Tobacco company, Of
which Mr.. Ware is vice president will
not be affected by the bankruptcy
matter.
Well Known 10 Trade.
Mr.. Ware is one Of the best known
tobacco men in the State and knows
the business from start to Snish He
came into the limelight with the
promotion Of the Ware Kramer To-
bscco company. some years ago, which
! established II factory at Norfolk and
manufactured White Rolls" cisa-
rettes, The concern did flourishing
| business for time. but was fna lly
squeezed out, rs it's promoters claim
ell, by the tobacco trust. IT finally
went into the hands Of receiver
and the recent suit Of the receiver.
| brought against the American Tobacco
company In North Carolina for viola
| ton Of the sherman law. In having
| necessarily stified competition. at
tracLed much publicity The receiver
secured verdict aud the damages
secured from the suit went to the
assets Of the defunct COMPANY
Recently MIR. Ware has made his
home in Richmond and has been con-
nected with the American Tobacco
company as salesman