New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-15

Mr.. Coleman explained that in the above account
only oce item is estimated aIbitTarly-vL the pfooI
and loss and that the value set on me produce ca
culsed from the price between the h and 18th OF No
yember The debts srd property IN Ameiics may De
thus Classified: E695 600 10 represented mostly oy
goods ard bls receivable Of customers ED wv con;
stts OF other bills receivable, fl4O,Occ guaranteed
securities fl5l eco open accounts and the remainder
is copposed Of railway bonds mortgages and varous
securities Of that character, but OF the best descIp
tiop. The house Of Deruistoun x Co. OF Ausraas,
being distinct firm, the creditors IN connection Win
that bu,iress viii be il q sonewhs. better posiuon
than the ordinary creditors, the returns from AUS
trails viii accrue quickly than the proceeds 20
be eIpt cted from the realization OF the American s
sets Messs Derrtoun, as large sharehoIlels II 'Ie
Liverpool Borough Bank are necessarily suolect 70
heavy liability on account Of the failure Of that instu-
tion but il lie believed not only that the eau Already
made will be sufieien. 20 clsar oil al CLAIMS
but that there is every probability this sGn VIII % re-
turned. AL the transactions OF the tn Gave vseH w
scuId and legitimate 5ssis aid no disere dt1o1e se1
can IN any way be imputed 10 them. Mr.. murray,
their London solicitor then made the following propo-
si.ion On the part Of Mesus Dennstoun, namely tnss
the creditors of the houses In Great Britain ah6 tne
United States be paid in Elk instsuments, VIZ: IN
the pound or or before the Goth January, 1909 on
the 3lst OF July; 8 on the 3lst Of December / OF
the 30th June, 1859 on the 3lst December, ana .
on the 3Oh June, 1860 with five T. cent Interest on
each instslnert; and that the creditors through the
Australian house should receive in the pound on
the Seth Of January 1858; 3i on the 3O6 Of jane d
on the 3st Of Janhary 1852 and on the 3lst ofJuy,
also with interes. q. the rate Of five per cent.
In answer TO a question, Mr.. Murray stated that,
when the first payment s msde, promlssory notes tor
the remaining instamens will be gven ana me pres,
ent scce ptances Cancelled. He hoped the propoeai
would be accepted as such q course would prove OF
the gIesteft assistance, both morally and legally IN
the realization Of the assets and the enforcement OF
The claims il America. II was further stated nat the
accounts from toe United States were encouraging,
and that possibility exists of the nssllments being
paid before thenates fixed, although on considering
the whole circumstances Of the csse Messrs. Dennis
toun could not feel certsn of being able 10 carry out
better terms. After short discussion, resolution
accepting the proportion wa passed UNANIMOUSLY.
Three cases Of embarrassment were announced on
Tuesday the 2i.h. The firm Of Messrs. Herman ST.
lem & Co., in difficulties. The Liabilities are re-
ported to be something like goo 600. The next name
il that of Aessrs. Alexander Hntz Co., Of Mncing
lane, who have been compelled to suspend Ii is
thought thst the liabilities will 70. exceed flOO 600.
Some Of the scceptsnces Of Messrs. Carr, Jesling ~
Co, CON @ ission merchants, OF Lsyrencs Poutney
place, were also returned but as the circumstance n
attributed in degree to dispute with their for
egI ponoerts there is some hope that the dill
Guilty may be arranged.
AmeeiiDg Of creditors Of Msssrs. Naylor, vckers Il
Co.. steel ms nuac and iron meIchants was held
on the 2ith &, She field when il wssesolved TO accept
payment 10 fuli in tour intsmeuts with interest at
the syessge Bark of Eoglsnd rate. 1t was decided
that 10 CO tract should be exercised over item, but
that they should be left with the free management OF
their ssirs. TIE liabilities stated to be Sol ~
and the assets $3.50 93i, allowing surplus OF E2li,-
t47 in addition 20 which the pIivs'e estates Of the
i'm estimated at E3O, 600 to $4,000.