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THE MACON TEI.ECRAPH: SATURDAY MORNING, DECEMBER 24, 1904.
1IJ
Your Last Chance!
'T/s The Day Before Christmas
And maybe there wont be some stlrrlr.fi
around today.
to buy your gifts for your loved ones
and friends. Our store will bo crowded
all day today, but we can wait on you.
HAVE YOU BOUGHT YBTT
HERE’S THE PLAGE.
IF YOU CAN’T
COMB TODAY
About Half Price
Why GOME TONIGHT, we will bo open
until 12 o’clock.
ARiontf other things you might get
BROTHER••
A pair ofiPalamas, plain or lanoy, SI.50
to $5.00: or an Eiderdown Gown, fine for
the coming cold weather, 50c to $1.00.
A nice Salt, of Undcrwcar*‘We have quite
a large assortment of the very beat, all
colors, all weights: $1 to $6 per suit.
HE would cn/oy a White Vest or a Pancy
Waistcoat. Look at our stock, they are
all best gradaof goods, made to fit and
last. Single or double breasted. New lot
lu.ttn, $2.50'to $7.50.
Our stock of Shirts Is very complete,
may pretty designs In colored shirts, dlf •
derent gratles of white ones. All are of
the best -makes, cuffs detached or attaclw
ed as yottprefer, $1.00 to $3.00.
BRING YOUR PBRIODIGAL TICKET BOOK
3fc
:dFS
for many of the most popular and ap
propriate presents. Open until 10 p. m.
Our Store Closed All Day Monday.
ADJUDICATION OF
PLANT ESTATE
(Continued from pego S.)
CANDY
The First National Hank of Mncon,
through ita Receiver, Immediately en
tered suit against the anld MeCnw
Manufacturing Company on notea ag
gregating $150,000.00, endorned by It.
H. Plant, aald bank declining to give
any extension to the anld McCaw Man
ufacturing Company, or to enter Into
any re-organisation plan with the oth
er creditor*. Your receiver entered
Mult agalnnt the First National Hank
of Mnron to recover the mints trans
ferred to aald Flrat National Hank by
the aald !l. II. riant, doing business aa
I. C. Plant'a Hon, a few tlaya prevloua
to the filing of the bankruptcy proceed-
Inga, which ault reaulted In a aettle-
ment and decree by which anld Flrat
Nntlonul Hank returned In kind to
your receiver, notea and checka turned
over to It nn aforesaid, aggregating
$N7,008.&R. and aald bank agreed to al
low the McCaw Manufacturing Com
pany time to arrange and pay Its out-
Mtamllng ohligntlnnn. to aald bank and
thua relieve the eatate of R. H. Plant
In bankruptcy of any liability on the
amount of note* sued for endorsed by
anld Plant. As a pari of the paper re
turned to your receiver aa aforeaaid
were checka end nntea of the McCaw
Manufacturing Company, aggregating
$60,000.00, which your receiver was en
abled to ofT-aot agulnat the deposit of I to declare the said stoi'k of R. H.
the sold McCaw Manufacturing Com- | held In said company nggrei
puny without loss to gencrnl creditors.
Wo nsk tho trado to boar in mind
tlint wo oro headquarters for all
kinds of enndios. Our big faotory
is fully equipped and running ov-
ery day. Order of us and got frosh
in ado goods. We sell only to deal
ers. Exclusively wholesale.
♦
• Johnson=King & Company,
Manufacturing Confectioners,
Macon, Ga.
The Christmas Bath
* Holiday dslight It
Ihs furnishing of your
ier* Kent* Claus pro-
and prank*, up
skill. Ihs resultant
ork ileanllnea. and
: degree. Tima
er In promptly.
Central (ieorgia Phahtag & Heating
Company.
I'li in. I0.M). No. 159 Cotton Ave.
and at the same time enable the McC.iw
Manufacturing Company to reduce Its
Indebtedness In that amount.
After tho settlement and decree In
ild suits, the McCaw Manufacturing
Company, on the 16th day of Septem
ber, 1904. completed Its re-organiza
tion. having reduced Its Indebtedness
hi. U aald R. II. Plant wiih liable
from $1,Or,4.000.00 to $H31 000.09. That
of the Id amount og $631,000, a 111 the
creditors had agreed to grant the ex
tension ssked for with the exception
Of creditors holding notes aggregating
$75,000.00. The said W. & McCaw.
president of said company, reported to
your re« elver that the company *nad
exhausted every possible means to
brtui sold creditors Into the re-organi
sation plan, and that said creditors
hsd absolutely declined. That the
American Exchange National Hank of
New York and the Merchants Nation
al Hank of New York had agreed that
they would advance 70 cents In the dol
lar nn these said notes of $75,000.00,
ml place them In the re-organization,
•nd take their chance of collecting the
sine provided they could be bought
for that sum. The aald MeCnw stated,
as shewn by his affidavit on file In this
esse, that he was absolutely unable to
raise the balance of $18,590 and unless
It was paid the plan of settlement
would fall through. Your receiver with
his Attorney Marlon Erwin. esq., went
to New York, investigated the matter
carefully, am) found that these state-
ments were true, and hv and with the
approval and consent of the" attorney:
fur the petitioning creditors aa afore
said, and Meaars. A. I* Miller, Dessau
Harris and Harris and II. Felton
llatcher. attorneys for the executors
of R. H. Plant, presented a petition to
the court to bo allowed to complete
this settlement and pay the said dif
ference of $16,560.00.
Your receiver was enabled however
to reduce this difference to Sl6.9ti0.00,
the said upiount of 116.900.00 being
the entire consideration paid out by
your receiver from the assets of the
•state to be released from liability on
f SOUTHE
A Quick Cure*" 0
tor COUGHS
COLDS
ALLAN'S LUNQ BALSAM
TRAINS INTO AND OUT OF MACON. GEORGIA.
rt*ct Dec. 4. 1904.
Departures Going North
Departures Going South
15
to Jackson*
*9 dijr coaches with*
Sleeper to Drv
viur. carrying aa>
out change; alio P
■ » carries Pullm
8-30 !
a, Macen te At*
day coaches and
at ion car (teat
* cents), te New
Baltimore and
i.35
train Macen to
arrylng Pullman
aeon te it. Leuie-
7.3$
n from Macon to
nice day coaches.
KLIGAST SCt *
HERN DINING C
Arrival of
!: Ideas—Nn. 14
1 |.jja»-No
So.*Ry. Trains
i niiEl?, £
J. W JAMlfcOS
CITY TICKF -
trvAS t .
« L > '.‘•‘irs r, t
9.05
a. M., local train. Macen
Brunswick, nicking nil th« .to, .. I
connects at Jctup with train for
1-3 Off
on all our
-IHoliday Goods
7.20
Except Huyler’s Candy
and Cut Glass
Will bo sold tho balance of
this week at One-third off
notes endorsed by the aald Plant ag
gregating $1,054,000.00. besides preserv
ing to the estate stock In the said Mc
Caw Mnnufactulng Company aggregat
ing $490,000 which now has an oppor
tunity of becoming a valuable asset of
the estate.
Meetings were held of the creditors
of the Red Cypress Lumber Company
at which your receiver and his counsel
were present, and Mr. 8. J. Stubbs of
Macon, (la., an experienced and suc
cessful saw-mill and timber man, and
11. P. Smart of Savannah, (la., a suc
cessful and experienced saw-mill and
timber man. were selected by the cred
itors as a committee to Investigate the
nffalrs of the Red Cypress Lumber
Company, and to report on its assets
and liabilities.
The said committee filed their report
on the 20th dny of June, 1904. setting
out In detail the properties of the com-
pi ly, Its-assets and liabilities. Ac
cording to their report and estimate
the company should be able on n six
years' run to pay nil of Its liabilities
of $820,055.12. Including its capital stock
of $200,000.00, and have a surplus profit
and property of $431,685.71. This sur
plus excluding the capital stock Is a
liability, W011I4 be Increased to $631,-
585.71, of which the Plant estate would
own 90 per cent, or $566,427.14. Of this
Indebtedness of the Red Cypress Lum
ber Company, the said R. II. Plant was
endorser to the amount of $548,500.00,
ns shown by the snlil report of the ex
pert accountants, and the attorneys for
the receivers of the Red Cypress Lum
ber Company eornmetnvd proceedings
company aggregating
$180,000.00 as a full liability to the
creditors on the ground that the same
had not been paid for, making a total
liability claimed against the estate of
R. H. Plant In bankruptcy of $728,500.
Realising that this fine piece of prop
erty would be, through lack of Im
mediate flintnclnl aid. and If allowed
to go through bankruptcy, wrecked and
no benefit over be derived from the
same for the benefit of the estate in
bankruptcy of the said Plant, nnd that
the said estate would be depleated by
reuson of said endorsed notes amount
ing to $648,500.00, by dividends thcicon.
and with the threatened litigation over
the liability claimed by reason of said
stock of $180,000.00 us aforesaid unless
a ro*organlxntlon could be perfected.
Your receiver on the 25th day of June.
1904. made n proposition of settlement
to the creditors of th«i said Red Cypress
Lumber Company, but raid proposition
was not acceptable to the majority of
said creditors, and after long consul
tation nnd much consideration, was
modified on the 2nd day of November.
1904, at n meeting of said creditors, and
approved by the committee of creditors.
This proposition In brief provided
that all claims against the estute of
R. H. Plant In bankruptcy, by reason
of the endorsement of notes aggregat
ing at *«U1 date $544,500.00, and any
claim of llabbltly by reason of said
stock amounting to $180,000 should be
Nil »sed.
Your receiver agreed to take up notes
Tfom turtles who refused to enter the
teplenient, at an outlay of $65,566.69,
of which amount the sum of $56,183.78
was to be put In the re-organtxatlon
plan on the same basis with other
creditors of the Red Cypress Lumber
Company. Resides making available
as an asset the sum of $26,607.9$ held
by certain banks on deposit to the
credit of the said Plant, and applied
as nn off-set ou notes of the Red Cyp-
rcia Lumber Company held by them
and endorsed by said Plant, us herein
after more fully set out. which added
to the sum of $566,183.78 makes the
total to' be put In the re-organisation
by the said receiver $82,791.71. being
practically equal to tte entire outlay.
The agreement further provided that
whatever ahould be left after the pay
tnent of the Indebtedness of the Red
Cyprese Lumber Company, should come
back to Us stockholders, of which the
estate In bankruptcy of Plant repre
1 sent* 90 per cent.
The creditors to make an extension
| of five years, secured by a mortgage
on the.asaets of the companty, con*
dltioned after one year upon the com
pany proving successful In operation.
This proposition of settlement aa
| agreed upon by the committee of credi
tors was submitted to the creditor*.
And In order that an opoprtualty be
given to carry the settlement to com
pletion. the attorney* for the petHlerv*
tng creditor* a* aforesaid moved the
court, that the adjudication be deferred
until *H**r fully opportunity to carry
out said settlement. Said settlement
was finally perfected on the 2nd day of
December. 1804. and reported to the
the aforesaid liability of the Red Cy
pres* LWJber Company and its credi
tors wmrfd bo Jricr< to 25 per ceat..
that 25 per cent, of th* total llabiJtty
by ro:wx>r. of the endorsed notes of
$548,509 of the Rod Cypress Lumber
Company' would have Utken from the
asset* of'the estate $127,500, and If the
claim of *ald creditors nr. to liability
foF the erubscrtptlon of stock, amount
ing to $180*000 had been nu^talraeti. It
would have token from the general
fund the further sum of $45,000.
Certain bank* creditors of the Red
Cypress Lumber Company, held depos
it# to the credit of R. IL Plant, aggre
gating $26,607.93. which sum the afore
said banks, under the general banker's
lien, claimed by them applied to the
notes of the Red Cypress Lumber Com
pany, but under the said plan of set
tlement your receiver Is entitled to put
in this sum as a creditor of the Red
Cypress Lumber Company, and with
every reasonable prospect of saving the
entire sum to the benefit of the estate
In bankruptcy of Robert H. Plant. If
no reorganization had taken place this
off-set would have been lost in the
naira manner os the sum withdrawn
by reason of the' endorsements as
aforesaid.
The aforesaid settlements have eaved
the general creditors of Robert H.
Plant the- sum of $337,760, which would
otherwise have been -withdrawn, and in
addition has obviated any possibility
of the loss by reason of the claim
against the stock as aforesaid, which
would have amounted to $45,000, but
your receiver Is of the opinion that said
claim as against said stock could have
teen successfully defended.
The aforesaid offsets amounting to
$26,607.93 have been made available as
an asset in addition to the aforesaid
sum df $337,760, and your receiver esti
mates that the dividend distributable
to the remaining general creditors of
the estate In bankruptcy will approxi
mate 331-3 per cent. This amount
will be increased by whatever sum may
hereafter be realized by reason of the
Interest of the estate In bankruptcy in
the $490,000 of stock of the McCaw
Manufacturing Company, and what
ever may be realized from the Red Cy
press Lumber Company after Its debts
are paid, should the estimates and re
port of the expert timber and lumber
men os aforesaid, be to any extent real
ized.
Your receiver and his attorneys have
been constantly engaged In consum
mating these aforesaid settlements In
connection with the officers of the
McCaw Manufacturing Company, nnd
the committee of creditors of the Red
Cypress Lumber Company, aided by
the attorneys of record for the peti
tioning creditors.
It .ha* been necessary to keep up an
extensive correspondence, and required
many personal interviews with credi
tors to bring about a successful con-
mi rnmathon.
Your receiver feels satisfied that the
Immense Investment and enterprise of
the McCaw Manufacturing Company
has been preserved. That otherwise
thin Immense manufacturing establish
ment with an inv" 'tment approximat
ing $1,600,000, and employing over 250
men, many of whom are skilled labor
ers. with many people dependent upon
them, would have been ruined, and
that with an adjudication following the
payment of the large Insurance fund
Into the hnnds of your receiver, that
the Immediate prospect of a dividend
would have absolutely defeated all
chance of making there settlements.
Tho Red Cypress Lumber Company
had Just reached a paying basis at the
time of the bankruptcy of the said
Plant, and otherwise the immense In
vestment In this business nnd years of
labor would have brought no benefit
whatever to the general creditors of
the estate In bankruptcy of the said
Robert H. Plant.
Respectfully submitted.
N. R. CORBIN,
Receiver in bankruptcy of the estate of
Robert H. Plant.
Big Line of
Smoking Jackets
and House Coats
25% Off Today
They are Benjamin & Co.’s, the
highest grades sold in ITacon.
Benson & Moore,
The Up-to-Date Clothiers,
Sensible, Lasting
Presents.
Yinevilie and Huguenin
Heights Residents.
IF YOU WISH TO BE CAREFUL
AND ECONOMICAL IN YOUR PUR
CHASES FOR XMAS PRESENTS
AND AT THE SAME TIME SELECT
FROM A COMPLETE STOCK OF
THE VERY NEWEST AND BEST,
YOU HAD BETTER START AT ONCE
FOR OUR STORE.
OUR LATEST NOVELTIES AND
CHOICEST BARGAINS WILL BE
THE FIRST TO GO. DON’.T PUT
IT OFF, COME NOW. WILL KEEP
YOUR PURCHASES AND DELIVER
WHEN WANTED.
| We OAvn and control
t
For your convenience we will make '
special tripe both this morning und
fternoon. Phone us your order* nnd
we will send them out to you on our
special wagon*, put 011 today just for
you.
THE GREAT ATLANTIC AND PA
CIFIC TEA CO.
Willow Dale Pure Rye
Which cannot bo purchasod from others. More of
this famous brand sold than all others combined.
Sentenced for Larceny.
The city court was engaged yester
day with several criminal cased heard
without Juries and ns a result two ne
groes w'ere sentenced to terms
of imprisonment upon m'sdemeanor j
charges.
Will Thomas was given six months •
on a charge of simple larceny. George j
Gray was sentenced to seven months |
on the gnng on n charge of larceny ;
from the house. One other negro and ■
two white men were before the court 1
on charges of which they were nc- !
quitted. Six cases were cleared from
the docket during the morning.
One Gallon of Willow Dale in Jug....; .$2.45, Delivered.
Four Full Quarts of Willow Dale $2.85, Delivered.
t Quality High. Price Low. Best by Test
I A. &N. M. BLOCK,
Distillers, riacon, Ga.
Doctors Could Not Hslp Her.
j had kidney trouble for years,**
writes.Mrs. Raymond Conner of Shel
ton. Wash., “and the doctors could not
help me. I tried Foley's Kidney Cure,
nnd the very flr*t dose gave me re
lief and l am now cured. 1 cannot say
too much for Foley's Kidney Cure." It
makes the diseased kidneys sound so
they will eliminate tho poisons from
the blood. Unless they do this, good
hculth Is Impossible. Hold by H. J.
Lunar A Co., druggists.
Star Safety Razors.
King & Oliphant.
Involuntary Bankruptcy.
. An Involnt.ry petition in bank
ruptcy was filet! In the United State,
court yeaterduy uguln.t the Morgan
drug store of Brunswick by the Ln-
tn»r. Taylor and Riley Drug Company
of this city and other creditor.. Sev
eral thousand dollars will be Involved
In the suit. Judge Speer appointed
United State. M.nhal George White
ns custodian.
HERTZ COAL CO.
Phone 033
Prompt Deliveries on Wood and Coal.
lOOOOOOOOOOOOOOOOOOOOOOOOOOOCOOOOOOOOOOOOOOOOOOCOOOOO
Jno. S. Hoge Drug Co.
ourt.
C,.ct Ticks* Ac
M. Ga.
EMtV STREET.
Macon, Ga.
Prompt attention to Mail
Orders.
Tour reojlrwestimated the net u-
r'li to be distributed to creditor, after
th. Insurance money had bMn collect-
ad as . r -reanld. at IINMI. Including
the lUbtltttee by reason of the en>
determents aa aforeaaid with no aet-
tlementa mmJe. that the dividend to
creditor. nt Itt maximum would bo 19
par cent. That tho distributive share
of the McCaw >t inuf.cturtng Compa
ny creditor, at It per cent would hra
taken from th. oaaeta. the eum of
tlCO.IM In round neuron That by m»-
-*n tf *-ild McCaw Uanufsctu-toe
Company »-ttl-vnent. th. maximum
dividend payable to creditor. Including
Bibb Manufacturing Co.
Macon, Ga.
Manufacturers of
Cotton Yarns, Warps,
Twines, Hosiery, Etc:
18 and 20 Thomas St.
New York Office.
YESTERDAY'S WEATHER.
contogieol data furnished by the
•Om ec the lrafted State* depart-
agriculture, weather bureau, for the
:rt ending at 4 r. m.. rentrU time.
Thermograph Readings.
The Oemulm river at Macoa at 7 a
aa read 1.4 feet, a fall of 0.1 of a foot
during the past twenty-four hour*, be
ing 2.1 feet above low water mark of
poet tweaty-four boors.
A Costly Mistake.
Blunders are sometimes very ex*
per.alve. Occasionally life itself la the
price of a mistake, but you'll uever.be
wrong if you take Dc. King** New Life
Pills tor Dyspepsia, Dlzzir.e^-. Head
ache, Liver or Bowel tioubles. Thev
ore gentle yet thorough. 25c. at all
drug store*.
Xti« Bcvti. P clurei S*.at j a -y,
Fir.cs; line we here ever shovfl.
McEVOY BOOK A STATIONERY CO