The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-05-29
Me citing OF the Creditors Of p. Il. Manchester
In cincinnati.
THE FRANCIBR AND HIS CREDITORS.


meeting of the creditors Of p B. Manchester was
held yesterday AT his late banking house Several e
ales in attendance and seemed deeply interested
Among Others was the bearded lady She told the by
starceTs that che had supposed she acting VITA
bank She told the banker that she felt lonely in ira
yelling about the world wished to feel that this
money was in SAFE hands where abe could draw il on
any emergency. Manchester told Ter, with such
pleasant smile that he would heep it very safely, that
she believed him, "and said she, he did ksep it, safe
enough
Mr. smead being The only banker present, had, the
representative OF that present. to bear the reproach
es of the disappointed creditors. Each had sons
sharp tn TO say 10 him. but he stood his ground.
Mr. Mslon. tbe ssseuee stated that hs had received
from the sale Of Manehsser's furniture, which the
$4,000 but the expenses Of watchmen, auctioneers,
commissions &C., reduced 1t to $4,000, and that the
"a cent he had already paid the creditors had alb
sorbtd it,
From the Art Union building he had re seived $500 for
rent out Of which be paid "a so for taxes and the b
lance to Griffin Taylor, for ground rent.
In relation the ordrait account for which notes and
drafts held by smead Co. and the Mechanics and
Trsoers Bsn k the Court had decided that they had
right retain those notes, &c. that had diminished
the assets in his hanis 30 much.
BE had Old notes to the amount of 81 900 or 50 0oo
Tht,e were all dead heads that Manchester could do
nothing WITH and the assignee had yet to realize the
first cent upon them
to Joi Bates for si4,too to Mr. Taft for ooe and
to the Hstoro road for $40 900. II cold for $25 000
leaving q deficiency of some 81, COO.
The house mortgaeed TO Burnett for $12 600, and
TO Goodmsn for $l2, 100. Is sold for $4,000
The Art Union builc ing mortssged for SIS, 900,
spc was leasehoid Manchester had never paid but
81, Geo on IL. 1t fold for S12 0O0.
smead Co. had claim Of SIS, GOO, which the
sgnee had contested ard reduced to bona se debt
Of SIS COO. They had got order to sell Hillsboro
stock 10 Gquidate this, and had sold 1t for l6h.
From this it would appear that There was about $6.
600 Of resulting from deficiencies of saes
to pay mortgages, and other causes, which not
the "a per cent had been paid.
From all possible OF income he might receive
$500 or S400-he had one note against Gov. Be5b Of
500, With some Cincinnati and Chicago Railroad stock
col ateral.
A suit pending for some Hillsboroush Railroad
stock cert icstes for which in Manchester's
pocAet but which he claimed al assignee. II he should
this stock. he might sell It for 6, but this
wouia not psy the ~ per cent the $60, coo Of in
dobtedpess on which no dividend had been paid.
Tie onlr other assets in the hands OF the assignee
two notes, for 500, aud for $40 600.
sgapst twin brother Of Manchester vbo had gone to
California some years ago, and about whom not hing
brown The 81 500 note supposed to represent
o bona fde eebt.
From this statement II seems that the depositors,
vhose about S4o co., can hardly expect ano
thtr DIVIDEND Of 2k per cent.