University of Virginia Library

Maturities

All of the maturities falling due during the period
covered by this report have been paid with the exception of
the following:-

       

$ 2,500	Note of George T. Rison, 6%, due March 24, 1921, secured by property worth $10,000, located in Chatham, Va. Extended for 2 years.
$ 1,000	D. K. E. Corporation 6%, due June 1, 1921. Extended for one year. Now due and application for an extension of six months or a year is now pending.
$ 3,000	John L. Livers, et al, Note 6%, due Ja. 31, 1923, secured by property worth three times value of loan, located in Charlottesville. Note originally for $10,000. $4,000 paid thereon August 1, 1921, and $3,000 on September 28, 1921, and proportionate part of property released.
$50,000	Bentley K. & L. P. Stearnes Note 6%, due July 1, 1920. Secured by a large farm (1587 acres) and by town property near Pulaski, worth several times value of loan, and also secured by $50,000 Life Insurance on L. P. Stearnes, which policies are fully paid. Renewal requested for 3 years with understanding that in event of Mr. Stearns' death, loan would become due and payable. Loan has not been extended nor has it been paid, but on account of the illness of Mr. Stearnes, we did not want to foreclose the property and at the request of the family we have temporized until the present time.