Wilmington daily gazette., 1873-10-24
Meeting Of Creditors.

REPORT OF THE COMMITTEE ArROINEKD Al 1RE
LAST MEETING OF MLEAR = SONS CREDITORS.
Yesterday II eraoou, In the Hall, OF the vii
IhlngAon lRstitute, a,meetIng Of the csedtoes n9
joan McI4ear Il Son, was held. Tho committee
appointed at a previous meeting presented Lhe
The Undersigned, a committee appontad atya
meeting OF the creditors ot John M1Iaar q HBa,
at the Board OF Trade room, October 7th, 1879 for
the purpose Of making an examination into the
ahllrs OF said firm, aud reporting the condition
thereof to meeting of the creditors to be called
Oy the committee at on an early date, respectfully
report:
That, after faithful examination, which has
consumed much OF their time and labor, they are
unable, owing to the absence OF certain data, to
present a statement OF the pecuniary condilioh OF
said hFm which they might oonadentIy pronounce
reliable. ]
Tha', inso.ar as the means Of knowledge afford
ed tue committee furnish the basis Of an estimate,
OF the amounts respectively, Of the assets and
Liabilities ofthe firm, 1t is their belief thai the
eAtate, placed in the hands of trustee AID skill
fdlly managed, IL all rights of dover therein be
released, would be sufficient to pay within 8
reasonable period from the present time, from 70
to % per centnm Of the unsecured claima against
said dim.
That, to the best OF the knowledge Of nIH 1aln
mittee, the following statement Of assets and lid
lites of said Hrm, Is approximately correct, viz
LIABILITIES. ,r sa
Individual depositOrs, S199,O90 a
Bills payable, 9,T63 "a
Miscellaneous liabilities, S4,442 g
Indebtedness PARTIALLY Sc t.fl. .at...a.
cnred by collateIals, Sl4, ,0O6 90 .aH' ~.
COllaterals given to secure
JoassS:s,., ss8gs Indebtedness, ls''' 50 SS SS g g
- q S252,674 %
gs "a Mh ASSETS. sRvwv a ~.
BIls receivable considered good { 81 o1s,Ozl %
Bills receivable CORsldsTsd dOubtfRh l,79l 81
nsbt of West Presbyterian Church. 10000 %
euudry claims considered good, . b6,2O2 "a
Deposit with Jay Cooke g. Co, New
sandy Claims considered doubtfqI, lasSl 9
sBonas aud mortgages, - 40 y
CoEpoTatiOn honda no q
> Loan assOoialI0n ssocl; : q s.Y1S,s96 q
Miscellaneous stocks, 1S,14o U
Net value of Real Estaie, I5,0@T 0,
oaiee Furniture aud Futures -4sst 1900 %
fissh a0tF 9.
Amount Of Over-arafls by eepOsitOrs, - s.s.5 3
Deficiency, - 65,SO4 8
Ss5ssI4 .
In estimating tue value Of the real estate aboV
menlOnc d the matter Of dOWes was Got ,Gpn1id
cred by the eOunmItlee h any annee Who leVei
The committee further represent that they BelieV
that all rights OF dover in the above mentiOhO
real estate will be released for the bsneAt of %
qreditpN OF aAid firm, shoUld said 6Im be releases
from all liabilities upon the tEaAsfer all thel
property to a trustee for the benefit of tAel
WILLIAM o. GIBBOADH
SAMUEL FLOYD,
WILLIAM CANDY,
EDWARD q. BRADFORD, Jr.
G. WESLEY WELD1N.
ATAs report wA. adopted, Gsd staS SSikeS {
hVs, Charles b. Lore, DIR. II. Il. Porter, baAu
Floyd, samuel Miller and f. q. Bradford, 3E. q
goiete4 70 sslect = Trustee, and "a RFsRAfs ff 9
assignment. }'tiia fsltCi FDV
The meeting then adjourned until Saturday q
tsnoOn, at O'Clock, At the same place. g