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THENEWS-HERALD.
THE GWINNETT HERALD, )
Established in 1871
THE LAWRENCEVILLE NEWS, t
* Established in 1893, )
IK RECEIVER'S HANDS
Gwinnett Cotton Mills Eorced
to Suspend Business.
R. W. PEEPLES RECEIVER
Court Called Upon To Straighten Out
Tangle in Which Pride of Law
renceville Is Involved.
The Gwinnett Cotton Mills are
in the hands of a receiver.
Judge R B. Russell signed an
order to this effect at chambers in
Winder last Saturday, and R. W.
Peeples, Esq., of Lawrenceville,
was named as temporary receiver.
The mill has been closed down
and the keys are in the receiver's
pocket.
Petition asking for a receiver
was drawn by Smith, Hammond
& Smith, o fAtlanta, at the reqeust
of the Maddox-Rucker Banking
Company ,who hold a trust deed
to the property in the amount of
$25,000.
The first semi-annual interest
prmium on this debt fell due on
the Ist of July and the mill com
pany defaulted payment. The
banking company could do noth
ing until the Ist of August toward
callecting their debt, but in
order to protect their interest
they petitioned for a receiver and
the court appointed one.
The final hearing on the
receivership will be heard on
the 19th instant, when a per
manent receiver will be named.
This mill has been in a bad way
financially for some time and if
the creditors had not taken this
step the stockholders would have
in all probablity done the same
thing.
Operation ceased on the 3d and
the mill was without funds and
unable to make further progress.
The petition asking for a receiver
is a spicy document and gives all
the transactions of the mill from
the begining up to the present
time. The petitioners allege that
its management from its very in
ception up to the present time has
been a “continued and comspicu
ous business failure.”
The petition sets forth all the
indebtedness of the mill. Besides
the $25,000 owing the Maddox-
Rucker Banking Company the de
fendant company owes $25,000 and
upwards of liens, which are on file.
There are also $15;000 of unsecured
debts.
The capital stock of the mill is
$50,000 and $10,425 of this amount
is still outstanding in unpaid sub
scriptions.
The plant cost $98,000 and the
company was endeavoring to sell
$50,000 worth of bonds in Boston,
but failed to float them. This
would have enabled them to con
tinue operations. A number of
the shareholders representing $17,-
000 of the capital stock made for
mal demand on the directors at
their last meeting for liquidation
because of inability to continue in
business.
The petition is signed by W L.
Peel, president of the Maddox-
Rucker Banking Company, the
18tb paragraph of which is as fol
lows: .
“Your petitioner alleges that
said defendant corporation is in-
LAWRENCEVILLE, GEORGIA, THURSDAY, JULY 11. 1901.
•mlvent, b cause while its property'
has cost several thousand dollars
more than it« liabilities, the same
has not been bought with good
judgment, and the mills have not
been operated to the best advant
age and the property as it stands
cannot be sold for an amount suf
ficient to pay the indebtedness of
said corporation. Large amounts
| of money belonging to said defend-
I ant corporation were invested in
unwise purchases of unnecessary
machinery, which is now unavail
able for the purpose of operation,
and it cannot be sold for anything
I like its cost. In short, under pre
vious management of this proper
ty from its very inception up to
the present time has been a con
tinued and conspicuous business
failure.”
The stockholders realize that it
as a hopeless case and they do not
hope to recover anything on their
holdings. The largest individual
loser perhaps is J. H. Duggan,
who put SIO,OOO in the mill, which
was all he had .
Experts pronounce the plant
one of the best in the country and
when it is sold or reorganized it
.vill yieid a handsome dividend.
It is unfortunate that our people
overstepped themselves in build
ing the mill. They tried to erect
a SIOO,OOO plant on $50,000 capital
and became hopelessly involved
MAY AND DECEMBER UNITED.
An Aged Bride Captures a Blushing
Young Bridegroom.
On Thursday, July 4th, at 7
a. m., near Conyers, Mrs. Mary
Mathews, aged seventy-one years,
was happily united in marriage to
Mr. Ben Harralson, aged eighteen
years,
The ceremony was performed by
Rev. W. D. Almond.
The couple left immediately for
Atlauta to enjov their honey
moon.
Mrs. Harralson’s maiden name
was Mis 6 LaSener and she had
been married twice before, this
being her third venture on the
matrimonial sea. Her second
husband 'eft her a good deal of
property in the state of Arkansas,
where he died. After Mr. Math
ews’ death she moved back to
Georgia. The newly married
couple will leave for the west
shortly to look after her property
interests there.
The grandmother is old enough
to look after the kid and she
should train him up in the way
in which she would have him go.
Marriagas Since May 9th.
W. R. Davis, Edna Harris,
YV. R. Taylor, B. R. Maffett,
T. L. Smith. M. A. Perry,
W. J. Wilkins, Lula Lunsford,
Egbert Brooks, Emma Johnson,
PeteYoungblood,Mary Jane Bailey
Charles Young, Sullie Puckett,
Marshal Reid, Julia Pass,
John Henry, Dora Rawlins,
Henry E.King, Lada Hannah,
J. J. Horton, Pearl Hardeman,
W. S. Tulli9, Flora Guthrie,
S. L. Langiey, Maud Saunders,
C. T. Braud. Susie Cofield,
J. D. Hooper, Villo McHugh,
D. M. Brown, Emma Ray,
C.H.Crand, Mary Hutchins,
C, A. Kelley, Maggie Garner,
J. S. Stone, Laura Hamilton,
A. S.Ethride, Otelia Adair,
N. S Roberts, Hattie Brogdou.
Balsams from the Northern Wood
are In Pyny-Balsam, the certain cure for coughs.
Hummer Slothing.
The hot days of summer are now here and you will have
to get out of that heavy winter suit into something light and
cool.
if You Want to Keep CSool
and comfortable and feel in a good humor with yourself
and fellowman,
Ho to .Me<§ee„ Whe Clothier,
and buy a man’s nice shirt waist—also a nice serge coat
and vest- Then if you want a complete outfit call on him
for a nice pair of extra pants, shoes, hats, ties, etc.
He has everything you need for your summer outfit
• lames I. MeSee.
TOOK SECOND ALSO
Lawrenceville Defeated Stone
Mountain Again on the 4th.
WON IN THE LAST INNING
Our Team Had a Pleasant Trip to the
Mountain and Were Royally
Entertained.
Lawrenceville tuok the second
game of ball from Stone Mountain
on the latter’s diamond on the
4th. But it was only done in the
ninth inning and that after two
of Stone Mountain’s players were
crippled.
The game was all Stone Moun
tain’s way until the eighth inning,
when Lawrenceville pulled herself
together and wrested a victory
from the very jaws of defeat.
It was during the seventh inning
that John Hamilton, Stone Moun
tain’s pitcher, was struck ou the
nose by a batted ball, and but for
this unfortunate occurrence there
might have been a different tale to
have been told. Winn was at the
bat and he gave the ball a solid
lick, which struck the ground and
bounded toward the pitcher. Ham
ilton stooped to field it, but the
sphere missed his hands and struck
him on the smeller.
Bud Humphries fell just before
that while running backwards try
ing to field a ball near second
base. The ground was rocky and
the fall sprained his arm.
Pentecost did our twirling and
struck out twelve men. Only sev
en of Lawrencevill’s men fanned.
John Oakes made the only home
run, placing a long ball over the
hedge in center field.
In the ninth inning Lawrence
ville had three men ou bases and
no outs when the winning run was
scored. We were in a fair way to
make a great many more runs, but
according to the rules the game
must be called when the wiuniug
run is scored.
The Stone Mountain boys are
a clever set, and did all in their
power to make their visitors enjoy
themselves. Lawrenceville was
highly pleased with the treatment
accorded her and all praise the
hospitality of our sister town.
The dinner served at the hotel
that day was excellent,
Tyler Peeples umpired the
game.
The line-up was similar to the
first game between these two
teams, being as follows:
Lawrenceville Stone Mountain.
Oakes, John center Held.... Goldsmith, Paul.
Oakes, Lish 8d base.. Willingham.
Webb, Autry right Held Goldsmith, L.
Winn, L. K Ist base Beachamp
Johnston,D short stop Goldsmith, E.
Powell, W. H 2nd base Humphries.
Cain, Tan left Hold Patton
Pentecost pitch Hamilton
Poe catch .Scruggs.
Score by innings:
Stone Mountain 2 2 0 1 2 2 2 0 o—ll.
Lawrenceville 2 0 2 0 0 8 0 8 2—12.
The crowd went from here by
Snellville, which town is built out
of grauite.
The crops are looking fairly well
though quite small for the time of
year.
Will Pentecost has an acrobatic
horse and she gave a performance
by standing on her head in the
middle of the road while on the
way over there. He is thinking
of putting this star performer un
der a tent and charging to witness
these wonderful feats.
A small rabbit crossed the road
that morning in front of the crowd
soon after leaving Lawrenceville
and the boys had a lot of fun
chasing the cotton tail. Another
hare got up in the meantime, but
the first one was bagged before the
procession moved on. Jack Poe
said when the score was so close
the wrong rabbit had been killed,
but concluded before reaching
home that the right rabbit had
been slain.
The trip was enjoyed from be
ginning to end, and it is worth any
person’s time to take a journey to
Stone Mountain and see that large
pile of granite.
Those who visited the place that
day from here were as follows:
Mr. and Mrs J. P. Byrd and
family, Mr. and Mrs. W. H. Powell,
Mr. and Mrs, W. M. Sasser, Misses
Ada Cain, Mat Cain, Cora Byrd ;
Will Pentecost, John Oakes,
\Y T alter McKelvey, Will Hutchins,
Tyler Peeples, Autry Webb, Jake
Peutecost, Don Johnston, Lish
Oakes, Jack Poe, Tom Webb, L. R.
Winn, George Powell, Joe Hol
brooks, Beu Kenney, Peck Moore,
Will Cooper, Lyle Williams, Jesse
Cooper, Charlie Oakes, Tan Cain,
and perhaps others.
VOL. VIII. NO 37
CORNETT’S TEAM RECOVERED
Two Men Drove Off One of His Stable
Horses Some Time Ago.
Mr. M. S. Cornett hired a horse
and buggy about three months
ago to two gentlemen who were
selling patent medicine and they
drove off with his team without
paying the rent and never returned
the animal or vehicle.
The two parties who contracted
with Mr. Cornett for the use of
his horse and buggy for a mouth
were B E. Hayeß and E. L. Gould.
They left Lawrenceville on April
15th and wrote to Mr. Cornett
several times informing him of
their movements. This was the
first week or two after taking hia
team out.
They were due back here the*
15tb of May and after waiting
two weeks on them to return hie
horse and buggy Mr. Cornett of
fered a reward of $25 for their
arrest and the return of his team..
This reward brought no tidings
of the missing men and turnout
and the owner had about conclud
ed that they had skipped the
country, but this proved to be not
altogether true. Last Thursday*
when our ball players went to-
Stone Mountain John Oakes saw/
Mr. Cornett’s horse in that towr*
and recognized “Dan” the minute
he laid eyes on him. The horse
was driven out there by a line
man of the Bell Telephone Cocm
pany from Atlanta, who had hired
him at a livery stable in the Gate.
City.
The horse wa« readily given up
and Lish Oakes went to Atlauta
and brought the horse and buggy
back home Friday
Hayes and Gould left the team
with Wallace & Herring in Atlau
ta to be cared for over night, but
they left for parts uuknown and"
never came back for the horse and
buggy. That was about the Ist of
June and the stable was hiring;
the horse out until his owner.-
could be found. Mr. Cornett paid'
them $lO for caring for the ani
mal and John Oakes was also re
warded for the part he played iu
its recovery,
The men who carried the teauL
away are still at large and they
will be made to suffer if they over
come within reach of the strong.
arm of the law.