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THE TIMES commends City Engineer Dunlap for putting a stop to the disgracefully bad work on Fran klin road. WUERZBURGER. V. B. Co. THE BROKEN BANKS. Rosenberger & Shirley File a Deed of Assignment at Staunton. STAUNTON, Va., Dec. 23.-[Speciall-A deed of assigment from Rosenberger & Shirley, proprietors of the Bank of Waynesboro, the Iron Cross Bank at Basic City and a bank at Now Market, to Vernon H. Ford, of Luray, and C. W. Bennick, of New Market, as trustees, was entered for record last night in the office of the clerk of Augusta county. The document, which is a voluminous one, conveys to the trustees all of the property, real and personal, owned by the assignors as a firm or as individuals, for the benefit of their creditors. The property and its location is described, but no definite estimate of either the amount of liabilities or assets. The creditors are divided into two classes. First, the personal creditors of the firm or of the members as individuals, are secured; second, the depositors of the banks named and all other creditors share pro rata in what remains after the preferred claims are satisfied. The deed is signed by A. Rosenberger and S. P. Shirley, composing the firm. In the deed the assignors disclaimed any ownership in either the Piedmont Bank, of Gordonsville, or the bank at New Market, asserting that they have transferred, some time previous to their assignment, all their interest in the bank at Gordonsville to C. F. and George A. Myers, and in the Warrenton bank to C. W. Rosenberger. Nevertheless the names of both Rosenberger and Shirley appear to the public on the checks and other paper of both of these banks. This leaves the affairs of Rosenberger and Shirley at New Market, the Bank of Wanesboro and the Iron Cross Bank to be pooled. A. R. Rosenberger and S. P. Shirley who constitute the firm, each transfers (as they claim) all their undivided property, but in the case of S. P. Shirley there are special preferences to his close relatives, which nearly, if not quite, cover the value of his property. In the case of A. R. Rosenberger there is little property assigned, with some preferences. The signature of Rosenberger's wife does not appear in the deed. Shirley is unmarried. H. H. Spindle goes to Waynesboro tonight, and C. F. Myers is there now. Mr. Rosenburger has not been to Waynesboro since the assignment. He left for Luary Saturday afternoon, the 19th. The assignment is dated December 21st. He is thought to be still there. It seems that the bank at Warrenton was the first to closed its doors. About 2:45 o'clock Saturday afternoon checks were presented there, for the payment of which there was not enough currency on hand. H. A. Spindle, who had just arrived, stated to depositors that he could not receive money, and about the hour named closed the doors. Then the Piedmont Bank at Gordonsville, Rosenberger, Shirley & Co., at New Market. the Bank of Waynesboro and the Iron Cross Bank of Basic city followed suit. The Wayneshoro bank did not close its doors until Monday morning, or rather did not open them that morning.
