The commercial. (Union City, Tenn.) 190?-193?, 1921-12-16
G. 7. TAYLOR BANK
RUPT FILES PETITION
Action of Candidate for Postmaster
is Voluntary.

G. Tom Taylor, or Memphis, prcml-
nent Mississippi and Missouri planter
and one of the Republican candidates
for postmaster in this city, and for
mer postmaster at Union City, Tenn,
yesterday filed a voluntary petition
in bankruptcy in Federal Court in
this city.
Secured Liabilities are given as
$372,736.67, but out of this amount
the petition states that there is to
be taken the sum of $353,000 repre-
senting encumbrances subj ect to
which property has been sold, and is
therefore to be paid by the owner
and is not shown as assets of the
| petitioner This would leave the
net total of secured Indebtedness
$19,736.67.
The unsecured liabilities are
placed ct $52,265.51, or $72,002.1S
for both secured and unsecured. As
sets are given at $184,50O, part of
which Is represented by encumbered
realty and part by trxst deed notes
of property sold.
Among listed secured creditors are
the Union Motor Car Company,
$4,000, title being retained by the
company to a Jordan car; the Max
well Investment Company of this
city, $4,000, secured by trust decd
on plantation known as Vanderburg
place, located in Quitman County,
Mississippi, containing 1,418 acres,
sold to Bob /. Taylor, subject to in
debtedness; Miss Kate Shapiro, Mem
phis, $1,000, secured by trust deed
on Barham place, plantation located
in Pamela County, Mississippi, con-
tanning 354 acres; Rainer & Connell
Company, Memphis, Sal, 900, secured
by trust deed on Vanderburg place,
also chattel deed on stock, tools and
cotton on that place; also chattel
mortgage on crop on Barham place.
Vanderburg place and stock and
crops sold to Bob /. Taylor, subject
to this mortgage; Planters Bank,
Clarksdale, Miss. 100000, secured
by trust deed on Sarah and Barham
places and chattel trust deed on
stock, implements and crops on Sarah
place, which place with stock and
implements, was sold to Bob I. Tay-
lor, subject to this mortgage; Ward
Coppedge Company, Caruthersville,
Mo-, $4,000, secured by trust deed on
gin at Hayti, Mo-, said gin sold to
Wood Taylor, subject to indebted
ness; Prudential Insurance Company
of Newark, N. j., $45,000, secured
by trust deed of Alfalfa Farms Com
pany, in favor of Prudential Insur-
ance Company, on place called the
Hayti place, in Pemiscot County,
Missouri, containing 1,675 acres
and sold to Wood Taylor, subject to
this encumbrance; Alfalfa Farms
Company, Hayti, Mo-, $150,OO0, Sc
cured by trust deed on Hayti place,
sold to Wood Taylor, subject to this
encumbrance.
UNSECURED CREDITORS.
Among the larger unsecured |
creditors are the following: S. E. |
Murray, Memphis, $500, open ac-
count attorney fees; D. B. Puryear,
Memphis, attorney fees, $500, not in
Guiding suit against Stone & Shelton,
ct al; HI. E. Graper, Lexington,
Tenn, 5000, Endorsement on note;
trustee in bankruptcy, Cadillac Motor
Car Company, suit in Chancery of
bankrupt claim of Indebtedness, $2,-
600; Continental Gin Company,
Memphis, $4,000; Security Bank and
Trust Company, Memphis, $3.50:
Shippers Cotton Company, Memphis,
$4,000; Peoples Bank and Trust
Memphis, $4,000; Miss
Kate Shapiro, Memphis, $424; Ma
lone & Hyde, Memphis, $4,000; Jno.
c. Flautt, Memphis, $500; Caruthers
Shoe Company, Memphis, $400; John
A. Denies Sens Company, $3.50; |
Crane & Co., Memphis, $500; Arm
strong Furniture Company, Memphis,
5000; w. N. Sloan, Memphis, julius
Levy Sons Company, Memphis 500;
VIM. R. Moore Dry Goods G mpany.
Memphis, $500; Scheibler & Co.,
Memphia, $40O. In addition to these
there are numerous creditors in St.
Louis, Chicago, New York, Baltimore
and other cities for merchandise of
various sorts.
Among claims having priority un
der the law are taxes due in Pamela
County of $500 for current year,
saxes dre in Pemiscot County,
not given, and $525 salary
iue n. NJ. Taylor and Harry Kahn.
If Hayti, Mo-, for three months.