New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-07-29
BUSINESS NorIoEs.
TO TIE PuRIIC

q Without intending 20 20 u leusth s,o n.
cur debt and The Circumstances Of our sqis 49,.
FakDERIcx AvERY, We esirc 70 maAc br,sf 60. -
fs.a IN reply 10 his card Of Ire ash inst On, a.,s
hr. AvERY he never qasstioned denied I, go.
large cash advances made him Ia April las win q. -.
that IL might pernanenty bsns6i him Th... 49,
were made Of hs esrea request and sxairs,ou - -
advice Upon bis settlement with bis crsaao, -.
posed to tais the sum be paid the rest bat be va. -
to accept he proposition the eoatray ", ,o.,. -,
oney without ,eeniiy, 70 etsble him TO eonor.. -
promise he made his cher eredilors snd axrssa 1.
Tend tie tine o, rsymen, for deb, three ana ora -
years and hen take 50 per csnt Of What niss, b. a,.
This WA his proposition. md we accepted Il o. al.
Of August, Is4s when eur whole debt became da. ,,
'oe compromise Of 50 rer cent wu psid.) Mr. Avn,
ealed On us aud sat d hat DO could pay q tA., 49,
eny pof1on Of our debt and lhsi be WA 10 oar pov~
"eeeoed TO extend The payment OF our debt and ,c.
Avail ourselves OF The condition made In the asreers.
aceororer accepted bis for 50 per cent Of A.
CAM p'ysoie Al Intervals Of sour nonths and sr,.px
over me space OF hree years. and reasushed The ss..'
uPon VIC conoi'on and promise made by him, that a.
oo'e' soou' 10 Ps'd ~ maturity. o. the 4A Decer>~
"oen INC nO'es Oecsme cue We ssat them to bic %,
for payment he replied, that IL GU, o, M.
90 on that day. tut would within day or two -
US letter CO he ah, ,syog hat be was makpy 49,,
merts to pay notes and hoped ysslies g..
be given 10 the fact that they due and unpxs =,
would certainly iniure him. Agreeaby tbs rss.s. :,
waited dsily Hu ling that We would be paid. Ga as IA
December al about O'Clock In the afternoon, vu,.
formed that Mr.. AVERY bad ZEN the country. and IA n
Attorney bad called Q meeting Of bis creditors fx =.
evening. We also subsequently learned hat one N.
creditors, from whom Re bad made large parcAant
cash short time before bic departure. bad. On ns an
previous The 18th insi taken possession Of the yopss
sold Mr. AVERY ard removed from bis store al la ~
been delivered. The Attorney Of Mr.. AVERY also i,fx,
ed us that 10 had made Assignment OF oil Mr. Ass.y
effects. (which for want OF due power. was void usss
these circumstances, issued attachment which N
served while the creditors assembled. We wsrw
vised after Mr. AVERY had failed to pay The notes dss ~
the compromise had hereby virtually fallen TO tho rs.
that we could collect whole claim. This We d.es.,
TO do and stated 10 OF sdsvis before he Con-.
We have always offered sks so per cent OF he sns,
Of debt ard have never intended to receive m
We sued bat for baf and have uniformly siaisd |, !.
friends during the continuance OF Inc suit that this VIVA =
We claimed In regard to the claim ofous Mr. C. d n,,
GAN who 10 cow absent from the city, We with to n,
that be loaned Mr.. AVERY $4,000 Of per cen. ,nsS,r
upon notes which be promised TO give him. bat which %,
not then In Mr. AyERYs possession This promise be ss,r
fulfilled bat gave him entirely unknown 10 IN
OF parties living remote from our City and ssis wss
Mr. AVERY left the country, some 5oo Of this loaa w
unpaid, and not knowing his security sufhciss H.
MORGAN issued an attachment In bis name 70 ssesv
himself In case the notes not paid They iortana
" we're paid with but one exception, and he discAri
the attachment Our kfdavis upon which The attaches
was granted vu founded upon the report current Ask
outthe city, which were among the last to Loan
nis not our intention TO be drawn into any nswspM
controversy tut we are always ready submit he vhs
matter 10 srbtra,ors 70 whom should be glad to snu
The evidences OF debt the circumstances OF he
This troross have made M. Avery through bic hal
ever sir from Europe. We refr thoss M
desire to know the position Of Mr. Ayery's Affairs prsno
to his leaving the country. to the isviu Of ~
prominent merct Nu which now on he In the oacs
tho Clerk Of The Supreme Court E. D. MORGAN 90
New.York. July 9Th, 1850.