The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-07
Bankruptcy Proceedings.

From the Gasecw JOURNAL Nov. AZ
EXAMINATION OF HUGH MLAUGHLIN, PARTNER OF
THE FIRM or ROBERT 8. Hulk CO., MERCHANTS,
LATE OF NEW YORK.
Before Mr. Sheriff strathern
The bankrupt, being examn by zr. Gait deposad-I
became partner OF tho firm OF g. HUE Oh 10 1864
thess other partners the r except 5. Guie
and yseb; bad capital when joined tho drn, but
cry partner had 2200 which, believe his own my
interest In the business 10 the extent Of onehrd
previous to my entering tina. nrin was employed 10
large tobacco establishment in New York am q native
with HUE before leaving for New York; were
ssged In The same establishment; my partner left
Ireisrd for America in The year 15i9 shipped a.
GIeenock for New York, going oirect there where
remained until became a partner OF tho firm OF A. s.
Hut Co and until joined that firm was 10 employ.
ment In New York, previous TO my Joining the arm Mr.
HUE waited upon me- and we arranged to commence bust
conducted the indoor department Of the business
but Mr. Hue took charge Of the counting house, for the
first years the business rem1nerativc, at the
end OF which time the books balanced st that ba
lance had money hand, but some assets, con
Stating OF stock and machinery; do not recolect the
value . .n,.e Mses Iser me .xo years we oas
raw material berg increased In value and there being
no corresponding increase on that manufactured ex
pectIg that the business would improve,
continued 10 carry on the same until May OF the pre-
fent year, when we found our Affairs were 10 mex
vice Of New York Arm, whose name I do not recol
ecct We advised 10 purchate as much tobacco as
could obtain on credit, but do rot know whe her Is
was the legal firm 70 which my partner applied who
20 advned. We acted that advice (, rome extent
Part Of the tobacco subseQuep,y sold TO ordered
had shipped tobacco TO Great Britain elsewhere
but we thereafter purchased quantity OF tooa ,co,
favs,poo rne psrcsis Of tos,eso consisted N Iii Of
about forty seven hoeshesds which cent ~ eundry
times about ten hogfhesds being despatched at ne
25s or January 1se0 and the last about the 20h
Of April There no other copsgnmeuts male Tue
Ss,o Eco he Of sne as. consignment, we're
remiued TO arm IN New York Ny creditors 10 Anne
RIGA were nos aware Of any consigpments being made
by our nrm. The hrn of william Agnew sons, OF Ne =
York. INTERCEPTED my partner 70 tbs position OF our
cm ard were assured that our business was prosporing
We Thereafter received from that 1rm, Credit
quantity Of tobacco Al this time there oil sencs
oe'ps done by our New York creditors for recovery
OF ber debts Finding Affairs In nextrcable cootu
sioD We resolved 10 leave New York Our creditors
net aware thot We intended doiDgs, eft Now York by
ner, Hrie, obtaining my passage ! sailed under the
nsme OF l. JahnatoIe. ! was not a~are that had
been 90 booked Until saw the name on my passage
ticket II was arranged that HUE should follow me In
days The GOO referred 10 proceeds OF nrst
augment Was paid away in regular course Of business
TIE machinery IN our place Of business 10 New York was
disposed Of by legal advisers pay Occasional
account We had grAIted them mortgage this M
chnery The proceeds Of sac amounting about 500 rne
stock In trade disposed ri previous TO leaving New York
which realized about Coco, sbi n sum M Huie retained
took neither morey goods with me from Ner York
eusow for the proceeds CT ' he 20 coussumn", @seo
received f6to 70 account. Mr. HUE received flI5 OF
that money have nos opsnea any esos q cunt sooe
ranged, meeting me In Glasgow, where be kneS my
place Of residence He also wrote TO at Ciasgow.
rhe divson OF the money which received from Nessrs
Rtid and Giago~ took place In Glasgow, ann was Ffs
with balance OF CATS OF which paid 10 my
ieee eundry sums, amounting in all Il tlt0 IS an
that the 18th OF August HUE applied for se
queeraop, having pre- viousy consulted he wanted
from what money bad, bus thought advisable 70
tha, apply for seQacssras,ou There
moneys due 10 by any 10 ths couatry. have
inierst IN the lease tf dweliog house To London
derry do not know n wbose hands that lease IL at
present, bet I viii mako inquiry, ard inform my
trustee. With the balaoce Of the f476, PAID Tor the
fittings and good viii OF % nit shop, No ga Hxh
Street. Glasgow, the OF 1873 the arrangements
live the purchase OF that business being conducted
my behalf oy Mcss-s. Matthes Q1n aud T. Walsh, both
'prf merchants the price haus ed 10 Mr. walsh, Who
paid II 70 Mr.. Hughes, from whom the purchase
made Mr.. walsh was preeert when ~ Hughes received
the mcDey Ny wife ana family stl 10 Nes YORK
RENTED them ESQ TIE balance OF the ft15 after do
Quoting theee several sums, have Used 10 payment OF
personal expenhs TIC liabilities OF the m amount 10
f5 otb o. I'D my personal liabilities ~ E6 ios 81
ard Assets 10 casa q 100 but from this there
fall to be deducted preferable claims amounting 10 f2s
lbs 90 Besides the rise In The pr Of ra~ material,
account for he deficiencies Of The nru from having
made bad debts
Robert Hu'e, nespg exam. 1ed wltness BY Mr.
Gait, deposed-I a partner Of the nrm Of K. Huis
Co Finding toe aIsIs OF thst firm iuexiricaby IN.
voved. resolved 10 come 70 this country ny partne
and bad conversatlon relative 10 leaviag New
YORK | followed him about week after HE leaving
Nev York, but was rot aware Of his address la Gas
gov, having only met him in the streets By chance
lhS CONCLUDED the examina