Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1915-01-20
BISHOP FILES
ASSIGNMENT
+ 0under Of Town Has Liabilities OF $685.
lI2. With Assets at 81 ,264. sag. 60-Mrs.
n. N. King is Listed as Largest Creditor.
Judge Wells Attorney.

+. 2. Bishop. the founder ~ the town Of
Bishop, located in Nuccrs county. about
thirty miles southwest of Corpus Christi,
has filed a deed 81 assignment and dcsig
mated l.. +. Applcby of Bishop a. assignee.
The schedule Of liabilities amount Ia
$780,, ll2.30 Of which $500, 1860 i Sc
cured by improved and unimprovcd farm
lands and town property amounting APP
proximatcly ia Sl.26I. 1890.
The deed Of assignment a. executed
bears the date of January II. and Mr.. APP
lpleby has filed hi bond a. assignee and
designated Judge James II. Wells OF
Brownsville a, hi general counsel.
Mrs. II. NJ. King Of Santa Grrtudi~
ranch J. listed a the largest creditor She
holding more than uuc-third of the total
liabilities. The total number Vt creditors
!, les than thirty. the majority ut whom
are secured.
The deed of assignment states that due
10 the great stringcncy in thc money mar
ket and being desirou> Of protecting the
interest Of hi creditor i the cause uf the
action taken. Principal creditors are:
Mrs.. II. NJ. King Of King ranch. $500. 0nO.
W. ". Jones. >tockman. Corpus Christi.
approximately 100000.
John Hancock Lite Insurance rumpan,
of p~itt>burg, 500, 1000.
Alamo National Bank 81 San Antnuiu.
Guggenhcim 4 tohn of Corpus Christi.
amounts not given. pthcr creditors are
not itcmizcd.
Mr.. Bishop cumr tu \urrr> county IN
1910. and the manner " when H. engaged
IN the dcvelopmcu, ~ Nucrc> coun,y and
the success H. encountered. soon placed
him IN the lit ii tn foremost Developers
of the Southwest. When h. came t.
Nuece> county the town 81 Bishop wa~ =
part of the great King ranch. the range 81
the longhorn, where The h"wl III the coyote
was the music h'ard M ui"ut.
The town "t Bishop. with = population
of 1000 people. = one "t the bc~t IN the
gulf coast country and uurrf the var
brought down tile price 81 cotton the town
was growing fast. aud the present action.
III the opinion 81 Assignee Arplcbv. will
not mean anything except creditors will BE-
assured conservative management will be
gwen I" Nr. Bishop creditor, III order
thai the tull amounts with interest can BE-
paid 10 tall. both IT, Co., -ccmrrd aud un~r-
cured.
Mr.. Bishop y now in Illinois, and with
= party ~ pro~pectnr- m expected e. reach
BISHOP the early part nj the coming week.
SiacC hi~ coming ~ Nurcc~ county Mr..
Bishop has purchased approximately
$4,000 acres ~ land. and hi- present hold
ing~. constituting nearly >O0n acre. ~
land. j. NJ \ high state uf cultivation.
Discussing the assignment proceedings
Assignee Applrby ~aid.
'Thc inventory ~ assets that wu~ given
% The scheduled filed y very conservative
and W. believe that ~ the exercise 81 good
business Judgment We Shall he able To- pay
all creditors. both secured and unsecured.
the principal NJ their claims together with
" reasonable interest thereon. With con
sentative management the assets should
hrmg 40 least II .lnn.O 900.
business condition. caused tn the Eu-
r"p"an war. hruuhgt the a~-icrncnt. and
the move was taken NV project the creditor,
Va lull."
Mr. Aprl"by ha> lived w Bishop for \
number ~ ycar>. y FULLY convcr>ant with
conditions and crrdit"r~ viii welcome ri.
iru~tcr>hp. The assignment i, the npin
'"n n both Judge Wells and Mr.. Applcbv
WI mel prove injurious Nh lhr present de-
Nrl"rmruf MI Nurrr~ county.