Newspapers / The Asheville Times (Asheville, … / Nov. 23, 1897, edition 1 / Page 1
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"V -.1 ... . 4 'i r ! r i : l ' As " the ''season is"; is" Jadyanclhg' we V 4 too iargTli " VVe'lI' teketiiny'by the; TteJApom the "prices now. , More; beneficial &Sse:urcnVs i to r . i cveryionc; oetor-tne ; season .. .nas " "J : . '"" -' C' r'llu urut'l.cu uiuii Acinic. -fi f c i.,. -'". , ; ' J". J 1 A! Fine Jackets at Cost. a - ' : , e Qlir' selection . Come and makeVQut' selection; ,r . . ' -v tif--- " ' ivhile assortment yet-'complete; ixr ';it"icf 'Unn inn ritv 'u t " 1 . if r-TrT"" i ' "LT1 . - and the stoclj v isr now-iOticreci r : i : -f i&:. --T.- n.r iVinn info. ior sa tiorcf bods' The)r .Com 2: pi , - - v i -- r 7 - u 28 South Main Street. WcflNGMAN SQUARED V,; ' " r.C;. TiEs6uTl6NS ADOPTED'BY ZEE - '.- VANCE CLUB - - 1 To Change the Name of Court Sq uare ? - t: : -An Address by D. M., " y" "f .' Luther.. Aav; Interesting and well attended 1 meet-: 1 4ng of Zeb Vance club was held last eve nine with President iAither presiding:' :In the absence of Secretary pdstelf his 'duties weret performed by J.!h. Brooks. : After the' ' regular routine business had been disDosed ' of Mr. Luther made an addresa in behalf of I ' cnairg?ng tne name of the publicj square to Clingman's, square, and spoke 'as; fol-" lows: i - Having noticed this evening a suggestion made by R. - B. ' Justice that the ! name of 'the; public square should be changed 4o tfhat of jCJingman square,- and as. I am hea-rtify -in jfayor of-the .suggestion and that.; as Vance, McDo well, Baird and the-Jatton -families were - all - honored by our : naming some of the .Principal istreets of the city af ter them.tLhope that "the club .will Jake some . action in regard to commemorating are:old fof.-. wees;.-.-.'- - -m'l -.-a r iiic, wiuwuj. . vuu, ..v. w4jm 9:M as ;con3ueted;biWe. I -V. - r 'Aj I Thomias: 'T: LJ'"Tr1 rT'ftt. -.TI n Trnv5 7 w TT. ' Ht Peihram. assisted by Grand yOU II be SUrpnSea. , - . ' f . . . f'sherrill T, -W. Mansfield, a. - " . T.'. , - ; .M .waeeier, L, -i .wney, j,. Av, WigSin apd pran siler," and -was one of , & xne name of -that grand andnooiesxateman and peerless leader or. . tne peopie , a, unau who in the dark rdaya or'civjl "war", went I forth unMler ami oatriot tongn'tior h ia own n,nn v. -.-juvH.t.h hisr.- dear- -, native : - Dixie. .He was; commander o(. as-brave a set of men as those, ancient ? heroics who fell ' at the straits, of .Thermopylae fighting for their own vine , clad Mlls and, citrpn' groves f historic Greece. - It is'- but meet and . proper that the people of Buncombe 'county -should "honor Thomas L. Clingman b"y call 3ng thesqaaire Clingman' Square1- :'r' I . Mt. J. H. Brooks. and 04- E. Roberts made brief speeches .heartily ;nkrsins Mr; I ' Luther's -proposition.; . c' ; :.' ' -A committee of three -was-appointed ,a draftresolntions of respect to the memoir of GenfyCllngman and to express the sentir mtents ' of "the ' club ' in t the., resolution ' on changing th'name' of the square.; .Mr. Luther appointed on.th t committees Dr. E. CI Sarnes, Hon. 'H.' B. Carter .and Mr George S. Powell. -r "'- iA committee of five 'was elected to. call on the . president ot . the Asheyille and more street railwajr and request . rhlm to employ, white labor instead of colored, .The above committee - consists, of , on . Lopke Craig, Dr. C. E. Starnes, W. M. Roberts, Maf. Ballou and T." M Luther. ' A committee of three was" appointed from the different wards for the purpose of re vising the financial secretary's book' and obtain the -address of. the- members, This " committee will probably meet, this "week and Is as follows: t f , .First Ward M. E. Roberts, -J T.;Bostic r and J. I. Henderson. " ' - ' iSecond Ward D. ,LV"'Reyhplds,-D. r.p. Suttle and W. HToung'- ' . Third Ward--J. A: Jarvlsr J. W; Lyleriy and 'Bennett.. Fourth Ward MaJ.-BaUou-Joseph Sud- - derth and' Brown., - -,,,'.'.-'"" ' : 1 T. Jarrett, of the -Central 'labor union, Invited the p.lul to .be tvresent when Mr. - Craig's speaks at an early date In the'courtJ , ihouse. President' ' -Luther 1 said- tnax . tne members "would be given an opportunity to tear Mr, Crals. s -: ' iv. - Clpse of, the; JlethodistyfJoib 1 fi'i XT 'i. TJfic s - Or; C. W.BydWfemain at 'Central 7 - . v ( : c5 Lorain ':cAgaikV?th; AlIS?1?? i . f , y . , , v-; - lt v,- , ! 3o&feren)ce convened -at'the -usiasyboiir 4 r " . - - ; yi'f" ' i .V, I Vftsstp-rdwv Ttmrmnc for irh -Urmp- v rhe'4&stvbueilLe8S'';lefortdiB:eoiitfcrence v .Tvvas alli-pg W'q.'Ustioi S: V Who' ire i received a transfers frouantherfr.j 'confer JlT. J. fronx"the-NorUj CJaroliaa , , r ,T-f mitte" xamtD-tioa for i34miSKn, in place of Rev...W. H. Barnett, transferred ,Jf : k ' my - .SterrHM.Hoyle submitted -the report of tthe -committee on eonfere-nce , relations- as 1. v, - 1 ;i KiinT!a.n.Titii9.t wl , .nnai . R.' tiong,1 James 'Wilson "H." O. Mobre. S I .vvh. , Arenc.K"n:Roer VangjtL the letter "of!ympathy.4ent hltn ence was read by the' secretary.' JxV . ' J:- S. Martin; 'submittedthe lolloin Ve-t port of the joint 0': of .nanca... ; As sessments for; 1898 Bishops, $1,720; con ference claimants, $5,000; fcreign missions', $14,00; education,; $3,000;- church extension, $3,500. i ' i . - ' ..-t , ' RevsW. S. Greasy andfJ. W, Lee were elected delegates' to the., next - meeting ,iot the anti-saloon league, Columbus, O.. J i 1 ; Dr. : Thomas Lawrence president of the Normal' and Collegiate Institute, was in troduced to the conference. - " - ' . A resoluitlon. Introduced by Rev. 3.' C. Brothers,; -thanking: thef--good' people ' of Asheville for.;:heix;. hearty and Christian Hospitality; and fcmtoess snown'tne dele gjates during ;the conference was adopted by a rising -yote . -, -7- Resolutions. were also, offered:; by -Rev.-H Ii. , Atkins, ' and adopted - by the , conf ei ence thanking the city churches for invitations to worship - with: thenj';' and 'the ..press for accurate and full reports; and the railroads for i-eduoed rates. . . BROTHERHOOD. MEETING. .', i; . .i .... .-.. .- -fr-t -:tr ,...'."... ' " - Rev. J. H. Weaverf 'presiding, 'called the brotherhood to order. ' ReV; Hv Isz Chreitz- burg, : eecretary, read .the : minutes of the last annual -meeting. . - r . i ,- - ' , Bishop Key spoke some, words .of. com mendation of the brotherhood,. and advised all ministers and laymen to Join., --..- , JOINT BOARD OF FINANCE. . ' 'The following are fthe members of the join-board of finance; . ' (Clerical) E. L. Bain, T: W:SmithT. J. Rogers J E. W6osteyW. H:" Leigh, "W: L Dawson Jr-E." Thompson, R.L M. HOyle, T., A.Boone$"W. S.Creasy. -' (Lay) James But trick-, W. H. Phifer, W. A Gurti. J,.A.'Ode;-H. R.t-Jones,?E.'0. Masting 'M M 'Courtney, R-R. Crawford, -v . (Before read-in .he appointmeints, .the bis hop said: "Let us-sing-hymai' 219: , VLet $ion Watchmen all awake, ' Andake the alarm jthey. give;. . .., ; 'Let them from the mouth of God ' Their awful charge receive."1" ' ' The bishop said, he was about" vto - an nounce 'the appointnientsthe" result:-' ' 6f nearly 'a wek. of patient ":deliberation-ahd prayer. He Bald tie ' wouldmoti claim per- f eetlbn to he appointmenitS but he elaim ed' a clear conscience? It, was. his opinion, that he . (had never labored .-more pleasantrr. ly, with a body .of .presiding elders, -.Perfect "gesDitlemen aij.d Chriistians ..they-" .all were. The bishop told of fancX horse that would not workto anything but a striped buggy. "-There is .not an 'angel in heaven who would not Khout at the" h onor of - coming i-down here-to - take the hardest field in : our confeTence ?id iUe , bishop. ".Let us take these appointments,, brethren, as from God.'! '.-I.- - i The appointments were Imade. at 12; 3Q. 1 "-"Praise' God from ..whom ; all . blesslnga flow.,' was sung ana, the enedictiov pro nounced by, Bishop, Key.w i . -: .ift , BOARD OFMISSIONS ' - , Th board mad'e' the following1 appropria tions: t - ' , Asheville 4istrict-HBethel $150i- -Hot Springs; $85 ; Ivy church,-l75; Spring; Creek, $75 r Saluda, $112.50-, French Broad, $75. Phflrltt.e distrtct Enworth church, $150 : "Dilworth and Biltmote,' $2QPi. Polkton, ,$75; JVorcn Monroe, so. , - t . c Greensboro district Greensboro mission, $275;. Ruffin churoh, $100' "i 'V-Cj" ."Franklin district Franklin: church, $135? Brrson ehurch, $90; iHiawassee cShuchf- $90; wMtHn. Ahnrch.-. S75:-:Hiffhlands, $95 Mt Airy' districtr-Pilot .church, $200; Mt. Airy.chur.ch, $50; ' Wilkes church,.-. $85; &parta church, $50; HeaUng Springs $io; Boone church, $110; 'Jefferson churchy $50. - aiorganton distrfct-North Cove $100; Sil- per fcreefc," -108 ;'; Broad Rivef , ' 8; : Green Shelby distWct Mt. Holly $80;CJhesrry-' villi,- $R0.'- -,av, - -Statesvillo district-West End 'cihurch, BaUsbury-district Spencer, $250; Ep worth, -church, $165. ' . 1 - ' " vWinston ' disftrlot IBurfchead," J175 V? 'Dan- bury, $225 iPrances, $140 ; Yadkin mission, $40. '."" - i-v--. - ' Total, $5,839.00.- ...c - A me board asked ithat 48,000 be assessed thi yar ior-domestic anissions.; ' ' Cfhairman : Wm, Ctrti' and - Secretary. C F. jerrlll;- of the- fcommittee -on Epworth Ije4gues, submttted a. satisfactory reporU A great sermon, was - preached Sunday morning in theCentraljchurcb" jF'. Bishop S. Key. i.The congregation wa.i .nmsz not being able;..to.jbtAinr..ve7b':ld'(rcling roonu The music .was suprbX S4,Yj (ser mon: deeply spirited. ? r- - .The text was" St. John" 161.' 'iSssKxi haye F-spoken unto you.' that ?w HV not be offended - V- -f- The bisbop- said," among othertthingss "This :was .a- startling announcement -to the disciples, r It was a blight Jo all their hopes-. -v How can it be but for Chris not to. be with us in person? If he were with' us," wihat a . benediction! How . gracious , it woujd be to bare with, us one flawless char acter, to have mis friendship, his sympathy, nis love. lf he were on this platform, how many questions we" would have to ask him; about- our lives. 'out death, -God's provi dences, etc! - '"' i r c - "Christ .wished our iife,tobcf one 4of taith. His-bodily presence- would have made It one of sight All the universe is adjusted to the law of God. ' "Why could not Christ and the spirit be ' present here ' with us at one and the same time ? " Because 'the. spirit speaks not for himself, but' he makes 'known Christ, his life, death and resurrection. If it were Lnot for the spirit's presence and ministry the biography of Christ would be like that of Socrates.- v - 4 "We are better off through the illumina Ltion of' the Holy' Ghost If Christ were here., his ministry would be externah ;,Now It is internal, convincing, converting sane tifying. - - 'T-"My message to-you today-vis: Submit to the Holy -Spirit, put. yourself under his dominion be led" by him. Invite this spirit intoyour neart - :- - V- ; DEACONS QBDAINED. J At" the close of the sermon: the bishop or . .... . . Tuttle,iJ.-J,-Iieavener, Jiaroia urner, at. S. Howie, G, F..Kirbytand UtvW bless. . , , .n-. ' - v : . G. W. Divilbliss and J, J. Heavener .were ordained local deacons. ,"'." s " r'J . ' love .feast.. ' ' Leigh afLd Revs. C.'-F. Plyler and the best ser- J- vices of ihe conference. Many1 aged-and young .ministers and Jaymen gaye in their experiences.- - - w .ja MEMQillAL ADDHbb . 'Tfcmoriaradayyssea'er he!4 'SunJay 'fei Hat'ui.-vt:liureh'at'r3;S0 p.-Jil''- - '-The memoir of "Rev. -W. W. 'Algea was read by, Rev-.W. S( Creasy. .Remarks .were rnadg by Rev.- TZ H Pegram ' ;The . memoir of Rev. J. C. .Hartseil . was read .by "Rev. M V. Sherrill, and Rev: J. S.- Nelson spoke of his life and .work. The memoir of .Rev. J...W.-Roberts was rea4 by Revs. J. J. Renn and M. V. Sher rill, and C. W. ' Byrd. - Dr. Brooks offered a .resolution of sympathy to Revs. W. H. Edwards and J. ;H, Moore in the loss of members of their household this year. ' At the close of the; memorial the -holy combiunion . was administered. Dr. -J. R; Brooks, and Revs. H. M. Blair and fT W. Smith conducting thaservice. : - - - MINISTERS ORDAINED. Rev. J. P. Carraway 'preached Sunday night -at the Central eharch, and at the close of ; the sermon the - following minis ters were ordained elders. ' '"'" ' ' , G. H. Detwiler, T- Barber, J.. J. Edes, W. M. Robbins, W. H. L, McLaurin, T. W. Mansfield, A. A. Crater, Abernathy, Peeler, and J. C. Allison CONFERENCE APPOINTMENTS. Where the Ministers Go For the Com ' ing Year: , - : The following is the list of appolnments: ASHEVILLE DISTRICT, D.. ATKINS, P. E. Asheville f - - - - - , -Central-- W. Byrd; H. O." Moorer su pernumerary. J --, s ; North.'-sheville-:rE,,L..Bain.' , Haywood Street H. L. Atkins. , Bethel -3. R. Moose. . . -" Birtmore-R G. Tuttle. .' ' . " : V weavervilie circuitr-L. E. Stacey.- Sulphur Springs - .. circuatrWllbur . Le tlette. - "" . - ' - - "Leicester circuit T. F. Glenn. -, - Swannanoa circuit-r-G. F. Kirby. ,s v Cove Creek circuit J. A. Sronce. s , . Saluda circuit E. . Crbwder. x , 1 Hendersonville station J. D. Lyon. ' , (Mills River circuit E. J". Ppe. ' Brevard station L. AFalls- f ' French Broad circuit T. B. .McCurdy. Ivy; circuit W.: B. Xtyda. Hot -Springs circuit Harold Turner. , ' Marshall circuit J. C- Reynolds.. t Spring Creek ;ircult-rW. H. BerryC' James Atkins, Sunday school editor. GREENSBORO DISTRICT, j P. J. CARRAWAY, P. E. ; , ... Greensboro , .r . ' "": v ' 5 j West Market dtreet J H. Weaver. -, .Centenary J. E. Gay. "--- Proximity mission-J; T. Rowe.."" -Greensboro circuit J. B.-.TabOV,; - . ; . . Reidsville station S. H. iHillaTd. ' - c Wemtworth circult-Hj. jM Price. - " -Rufiln circuit-v-W. B, Hayes ' - Pleasant Garden circuit S. T.' Barber.. ' -Ramseur circuit H. -H Jordan. , z (Randieman jsta'tion J. E. Woolsey. -'Asheborlo stationA: -W. PTyler. ' ; East Jwharrie circuit 'E. G. Pusey , T Randolph circuit R. S." Webb. . West Randolph- circuit A. A. Crater. r si - f CONTINUED ON THHtfD PAGE. - " UNION PACIFIC REORGANIZATIONS -7'WashinMon Nov. 22. The treasyryito day' received'frbm the reorganization com- mltte of the Union Pacific $13,645,Z5 casn, and turned over. to th .'committee that amount in bonds which - have been on - de posit- with the government to the sinking fund of the road, - - V" - uraiiDerrjes ax - c.: per. quart. jj.resjx to. of bananas . and cracKers -just ui ai ;s. iu Chedestert 22 Patton avenue. uained the louowinig young men as- aeai : . :A cons-,. -H. K. BoyeV J. .A. Baldwin, G.4terested. in iVwill chgerlully pardon 4he RECEIVERS FILE REPORT ReMing:,tostern Car- olilia MnKs;Affairs. , ,T; j ' i ' i - - ,j j i " - f A Merf Fuff;andvComprehensive Statement. i Asseisfipod and1Bad;i$29,532.63 in 1 Bfa -; Exclusive of the Liabilities vto the "; ': Stockholders. " UnstKuTetf. Creditors, 'in thet , Opinion, of . the - Receivers; Will. Certainly, Receive Fifty Per Cent; of the Bank's Indebtedness to Them. s.Th; receivers, of the Western Carolina bankMessra.' George-H. Smathers and L. P. v Mcji&ud,' Vill . flle the report with the cleik' of ifihe superior couri lodayl In ap pointing,; the receivers the court -directed th Teceivers: to file "Inv the court within twenty -days, a full ' inventory showing all the property and AfcseltOf the corporation and-' the1 statusP of its condition at thet time they took-charge of it, but intimated that a longer 'timeanlght be ne'ceBsary.'-' KjThirtyeight .days have -been.cojisumed in br e oarin1 the : a? enor t.;- b4it' all" who are in I f - - . delay 'vrha. they see the document. The reppr bonststs',' f sixteen; i pages . of typewriting,- to which .is added fifty-six pages of exhibits.': A more careful, complete and comprehensive report- could not be im agined ; -. '.,w,tr- ',, . It contains all information that the-most exacting creditor ' could desire. .There -are eleven: exhibitsas- follows: Exhibit A," is a scheduleior personal notel of the bankr B; notes bfccured ty collateral; C, notes . se ''cured bp dee cf trust on real estate, D, riUesiaMe outsile theicitv of Aheviiie: fSr-aWof;tKnd5-and-stkoTied by-thelF0"11'333 ?2S9,779.31 and tne Utilities bank; F.t overdrafts; G, .furniture. and fixa tures of bank; H; cash'and;cash items;: I, real es tate ; : J", names of stockholders r K, agreement or 4ebenture-bonds of $25,000, an indebtedness of he bank secured by real estate." - - -From the schedules and other informa tion set forth in full in tho'report the iol lowing statement of - thelj condition of the bank - at the close of . busaness, October . 11, 1897, is shown to be as 'follows:- i . " - 'ASSETl Good, notes-to; hands of-i receiv ers . Good Good Doubtful notes to hands of re- j ceivers ; t: i ..... :. - 12,774;76 Doubtful notes pledged as.'col-. "r"'- ' lateral . . ; 3,365.68 ' ' . . ' $ 15,140.44 Worthless notes , to hands' of .'re ceivers .... . . . ,;. . . . . 19,676.43 Notes'- payable : out of ' town (doubtful) ...J.'; 3,965.24 Notes secured by deed . of trust-. ' " in hands of receivers . .".V. . . . : . 35,336.26 Notes ' . secured by deed of - trust " '"- i ; 'In hands of Atlantic Trust Co.. 26,500.00 Notes , secured by deed ?of - trust in hands . of, First jNational - bank New York, ,.;.,...,kT;,... 27,705.00 Notes secured- by deed of 'trust ? in hands of -Nat'l Park bank. New. York ." ,., 3.430.00 Notes .'secured by deed' Of ;trust ; " to- Jands of Battery f Park '. " banTc, .;: .Tl :...:.. 8,825.00 Notes secured by deed of trust in ' " hands of R. P. Walker" i.... '7,000.00 Notes secured by deed 'ot . trust r - - ':-invluiSvof..Veirllle.t'"MiIling 404.00 .$186,570.01 ; OVERDRAtiTS. Good.':... L130.19 806.54 . 5168 Doubtful Worthless Bonds- to hands, of . First 'Nation-- -; ;,f -a4 usuiA,- 4 cvr - ivi& , ...j". ... .... xXiiuu.uu Bonds in hands of Battery Park 3ank ...f.U.. . ,'. ; . . .V.-. 6,000.00 . ' itis.L'-: : : - . I, : - V j 16,500.00 Furniture 1 and fixtures Xas per - - -"Exhibit G'n . - 4,600.00 Stock National Life Maturity, Co. - . . 465.00 Real estate (aSiPer "Exhibit I'.') 46,485.65 Merchandise. ij. i u . . z .4,770. 00 DUe. from 'banks' (as per Sec. . xvlii) ..;...i...:.'f' V'..":. -3,053.15 Cash ' on hand' 3,079.26 Cash items aa-" per" -Exhibit 2,898.57 . r, . n-i., $270,874.65 . To which may Ije addef -. , . -x Interest accrued and unpaid. to . , - . Nov. ,1 1897,' on notes to ."Ex- - Mbit A . i :. . . : I . :'.'. : 3,411.30 Interest accrued -and '-,Unpald to - i Nov l; 1897, on - notes ito-4Ex- nibit'B" V;.,.-k.:...-..ivJ...V Interest "accrued" and ; unpaid - to - 3,364.44 ' Nov-1, 1897i on-notes ia- "jrx- -blbit (T; .v , . .-s. -. . ; , i, . 10,456.42 Coupons' on -.Madison ,countx - bonds in hands of receivere. . ,v .1,395.00 Interest on said bonds from June ' , 1,. 1897, to Nov1, .1897,.:...- - - 377.50 ; $289,779.31 jurtea .pledged, as collateral 5,310.88 f tic -irust company of ,'New ;York city, Bat notes sold " and endorsed -" . , - tery -ark ank, - R. P. ; Walker and the (re-dlscounted) i.vii:.....J 2i$X$ffi Asheville Milling company, of Asheviite, " - ' r: -v i; :-. ,v ...: y ' -'"- NT. c., hold a first lien on and have posses- Capital stock(as' per "Exhibit;- . .". !."- - -v. ; '.; - ' ''' '" -i " ''.- j")-' ':.-.i.4:. .v:?.-.'.r4.$ 56,000.00 Surplus'fund ..'...;..'.::;.:.'. .t- l,OOO.t)0 Net profits :.....'..' . I: v; . - '3,813.29 Debenture bonds?.."- 25,000.00 Bills payable (as per Sec.sxv.)..V .26,500.00 Bills re-discounted (as -per Ex- , hibits A, B and C") ..t .29,754.44 Due to banks , 9.529j03 Deposits (as per Sec. xix.) . . 110,149.94 "Total . .. .$269,746.70 the- receivers In closing their report state: - Of the $16,500.00 of the bonds hereinbe fore mentioned on page 5 of this report and set forth in "Exhibit E? hereto annexed. $15,500.00 are Madison county bonds ; $500.00 Town of Waynesville! Improvement bond and the other $500.00 Blingham school bonds of $100,00. each. The Madison' county bonds were issued Junelst, 1887, and ma ture : June.. 1st,. 1907; , the-Town of Waynes villa -Improvement . bond, was issued July 1st, 1887, and matures July 1st, 1907:" and the" five Bingham school bonds of $100.00 each were issued July 1st 1801 and mature- July 1st, 1911, all of eaid bonds bearing interest at 6 per cent per annumrpayable semi-annually from date of v issue. The bank has owned 'these bonds for t several years and the" interest has . been .paiid promptly;, on the town of Waynesville and the Bingham school bonds, and the interest was paid fairly promptly, on the. Madison county bonds up to-June ,1st, 1896, and while your receivers are Informed and be lieve that the board of , commissioners of Madison county levied. a"., tax during the years 1896 and 1897,to pay the .interest or coupons maturing on said bonds, for said years,, from some "cause the same' has not been paid. - - These bonds (Madison county,. Town of Waynesville and Bingham school bonds) have not been classed -in' the schedules of either the good, doubtful or worthless as sets of embank-hereinbefore referred to on account of the uncerlnty'as to wHeji the money could be realized on the Interest or principal of said bonds. - Your receivers be lieve, however; that these bonds are good and that the county of Madison will be compelled to pay the ame together with the accrued Interest thereon at some future time. They regard both the Town of Waynesville and the Bingham school bonds as good, and - presume that $16,500 of bonds should be placed on the list of good ass eta of the bank ; but po account of the uncertainty air to bow soon the money could Be realizM on -the' same if legal pro cess should.have to be.xesorted to to force collection ' of ".the some, they have thought it proper to mention the same under a sep arate head, - - In reckoning the assets and liabilities of bank Interest has been computed. on all securities -whatsoever up to November 1st 1897, but no interest has -.been computed qn the liabilities' of the bank. This, how ever, will be very small as we are informed and believe that there wasvery little, if any, interest on the liabilities of the. bank up to the time of its failure, October 11th, except the interest on deposit in the sav ings department,, which we are. informed and believe will.be between ne and two thousand dollars. ', w h By. reference 'to 'the foregoing .statement it will be seen tha,t the-nominal assets of Aflfcuaant.TjanK fE0C3. " a'tfur ' alia inchiding- s the-; liabilities - ,to tie sU5ckholdergv etc.,- , $269,746.70m-" .the former being $20,032. 61 in' excess of the latter, aud . that the assets reported as good including, the $16,500:00 of -bonds af oresaid, when takin' together ; with " real 1 estate owned by r the bank,, at -the cost, of the same" to - the bank, and the principal and interest of the real estate securities ( in teres t computed to November 1, 1897,) are $29,532.63 in excess of the actual liabili ties of the bank exclusive of the liabilities. to the stockholders. -- . v .tiwill be further seen- that the National Park bank,-First 'National .bank and Atlan sdon of assetsof) --.the -defendant- bank amounting in the aggregate" to $122,254.07 in , order; rto secure : an., indebtedness of the bank .to them and' others in the sum a-g gregating1 $87,541.90, ' which ' indebtedness, except that for which the - Atlantic Trust company holds collateral security should be paid at -the earliest practicable date so that the receivers, can- lift the collatrelas and realize on them. - As to the indebted ness of the bank for the sum of $25,000.00 debenture bonds for which sum-the Atlan tic trust company holds collateral securi ties In trust for the , purchasers of said bonds in -the sum of -$26,500.00. These bonds do not mature until July 1st, 1903, and under the terms of the agreement be tween the Atlantic Trust company and the Western Carolina bank (Exhibit K), only the interest on these bonds at 5 per cent, pen annum.-, payable -semi-annually, "will have 40 be paid until 'maturity of "said de benture bonds. - , , - -; From the information, that your receivers have been able -to obtain as to the value of the real estate now ownedv by the bank and the principal and interest of the real esr tate 'securities, both of which, .aggregate ,166,142.33, when taken together with the other collectible assetsof the banH, we are of the opinion that the unsecured creditors will certainly; realize fifty percent of the bank's indebtedness to them, and as to hov much "more. willdepehd on.', the amount realized on the real estate and , real estate securities. .This opinion is based on the fact that, we confidently expect te n able to realize 'in full on -nearly all -of the assets in the shape of notes, bonds, etc., reported as ; good and on a part of suchsecurrnes reported as 'doubtful j and at' least. 60 per cent o nthe' amount- -that the xeaV estate costs the bank and 60 per cent of the prin cipal and interest of the real estate' securifl ties. , " ' - -r EXPERIENCED DRUGGIST). Mr. Geo. H. Haigb, of 'Fayetteville,- has bought.the stock of drugs of the Asheville Drug Co., on the corner of College street and . Mar ket Place, Asheville: . Mr. Dayid Way, for merly, of this place, is in charge of the stor'e r as'; manager,. David is a popular young man and an., ' experienced druggist and we wish him. great successJn ..conduct ing the business. He has a brother and many friends to Waynesville. Waynesville Courier.-. - v'".- . ""- - -:..;.:-i.iimiw in 1 i..1."?' l.'-. ,.v;--.,'-.--IV"?- LECTURES . TONIGHTl Tonight: ;Proif. Rossel gives two illustrated lectures at the Y. M. C' A.. .The Atlanta Exposition'' andrl?London;" and as an , additional- at traction be will recite Tha Raven. -The presence of ladies- is - fspecfally' ? 'tSeisired. The lectures and-pictures will be excellent and no admission will be charged, ; j ' Dr." W. C Brownson- will open an .office on ; November .' 18, at No. 60 Patton1 . a.ve; nue second . fioor "above ticket', office - of Southern' railway. Office -i hours;. 2 to -4 p. m. Telephone office 847 residence 114 240-13 ' - - , - ,w ;r .;. BIG BDItERS- A Terribk-Aceident Duiig ;.an;: ection. Lare FufhittireStore in. Baltimore Burned. ' '" ' Four Fer'sons'-Snpposed to Have Per- r shed in -the Flaiaes. V": - Trials. off the Two Alleged Murderersl' ; Jhornahd Luetgertf . -CyI P '7 Seven! Jurors Secured for, the New .York Case-1 -rCloak Maker's Strike. ' r "0?:' r " ' .' . f . ' . . " " O :"-. I-'.'.'--' New "Tork," NoV. 22. Two jhundred and-;v fifty horse-power Jboilers- m-GraveVeievitfi.'4; , tor -works, a'one-story building, . corner ot ' i ,k ... 1 Jones and Center streets, which? : powers iai.;"1 4 used to operate three big "commercial44- blocks, exploded this afternoon. No cause; v? f : can ue .ssigneu At present -ior xne expio sion; but an inspection of " the boilers was in progress When the j accident occurred.-. A Robert Henry, fireman, and -Robert 'Starr ? v f J . . ' . I'r boiler inspector, were killed. Several oth- erB were injure4- Two men arc missing, . ' r.-A - and it is supposed that they are dead under- : .. the wrecked" buiidingi . "i ' " , . " f'r - . . j : li ' '' " - " ' '':'-i.':!-.-.' i' Baltimore, Novv 22 Great Scott's fur- ' ' niture'store, sis' North toward street, f5 burned, late this afternoon ,'Fur5 persona ' who were on the fourth story-of the build-' ' V ing are" missing and are supposed to haye 't': , - v perished.- Uriah Pollock's furniture- store i i ': -; ;' ", adjoining Scott's caught fle and was dam- , aged some. The loss wilijbenearlyi $200 ' i , ' 000. . , Ww - , ' TWO GREAT MURDER TRIALS. ir' - Long-Island City, Nov.' 22.-even 'jurors 1 were accepted to try' Thorni af ternoox Lfr-IIowe appeaieagjnadigal vtf 1 r hiA pgf Ctwy ; challengessThe' juro. .: - chosen were. Thomas orser carpenter; Jaij ' ; cob M. Weeksfarmer; George.Cox, masonj vYUiiam w. Jtiatneid, .carpenter; .Welling-, ton Germond, builder; John S. Dorlonfarr -P'J mer, Louis Fisher, .carpenter. . K Court adjourned until 9:30 tomorro'evei:' ning, when it will resume 'selecting "(the- ofher five jurors. Thorn continues to bV" very nervous at is feared' he will create'," down before the trial is "completed. It is thought by the jail guards that Thorn will : -; try suicide. His movements are very sua-, ";' 3icioua and are being watched at. all, times .T. ; very closely. " - ' Chicago Nov. 22. The second trial o 4 Leugert was to iave begun today 'before ' :; Judge HoTton, but at the request of the,d : : fense the case-went o.ver, until .tomorrow 1 fe'i Leugert's attorney anouneed that he would ask a change of venue from Judge Horton.v Leugert swears be. will not be tried before - Horton.. . 4.. CUBAN FILIBUSTERERS ARRIVE. New ork, Noy. 22." The ' Ward- -linei; steamer ' Saratoga, from Havana arrived ajfc i . her, pier,' foot of Wall street, this evening. Capt. Loborde t and his companions, . , thej -, Competitor- prisoners, were among the' pai: : sengers. I They were all well! received at.v the dock bymanyi Cuban sympathizers. ' . New-York, Nov. 22. Two hundred cloak--1 makers struck, this afternoon because thei. contractors: demanded i eleven-:: hours;,.worB jf v -instead "of "..ten. "'Trouble 4s . expected fOT-.'-' V .rvw;'w.twW4wrV -' ..r ,...y- : -;.-:.-' manjf ic,v3!Er)ims. lyOLlJJJTArWaiQUIDATION .i . ... Naiional:Bank' of -Ashevill WiirSbdxi Mr. Wp. . JWilliams.onreturaed'-fromA r New.Yori Sunday; wheW heWent In the f interest of the eettlementof "the Natiohiai' I BankVof Asbevlllfe's"afrairs.. The' arrange' 4' mentsvarej practically v.completed ; nowv for ? ; voluntary liquidation.' This "will' probable f ' -; occuri immedaatelyvafter .the' called meet'- ' tog . of i theshar eholden$. on jDecember " 19; r and.depositors.wlil receive.thelr iu(Htefc:f'tx-p: V s . '' ' ' ' .-. -' ' hi FORTUNE. DISTRIBUTED.; --i 1 , . t Providence, ftl L;, Nov. 22. The- court is-s' ' ' sued a decree today authorizing the admin"-'-' . i s trators. of the ; es ta te of : Millionaire. WilW- r liam,H. King , for. partial distribution ,A.f ' - -million dolktrsw41' be distributed. ' i t,uqa!AN AFTER .GOLD.fv': ' New' York.. Nov; 2.-4policeman! Princk--f. S : '.. v ley rts'ign'ed'-from1' the force today and will- - -saU for the jKdike on, the-Oit-of .Co lumbia "December ll.M.-' f-'-J' i'VC iAe uaztte s attention nas oeen. called to-m r the tact thatlri. its recent, article regarding-, ' -th 'clty water Jt'wae stated that the sanW.; ary- engbeer7f"bbiled" u', gallon of the-' , 1 water to'sd to'the" state chemical labor- -' atoTy-The-wofd was written 'bottled'. ' but.-tho-wifekeoetgantha like it'r' "- ' tht way avV ' v. - ,"?. "t- ' ' - - -Mr 1 " j ... - ,Tp-,JCUREA,ftOLP'rIN ONE-DAY",--1 Take Laxative Bromo Quinine" Tablets 'All'"''' druggists refund; the money-If It fails f"' cure -25c. Tbo genuin8 has L. Br':"-" eachtablet,. 'ThdyBtnsham hadeti 'havft dinned ;1uuid, v- some new" blue,and gray iais with- an . em-t;.-; broideredmo4ograni to front, which were 1 lumithedr by the iWhitlock Clothing house. . ; I''- -. 1
The Asheville Times (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 23, 1897, edition 1
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