The New York herald., 1873-12-06
THE GRINNELL BANKRUPTCY.
Proposition OF the Bankrupts to Make q
Settlement.

Proposition OF the Bankrupts to Make q
Settlement.
Yesterday, in the United States District Court, a
petition was filed on behalf OF George Bird Grin
nell and Joseph u. Williams, banKrupts and
George B. Grlnnell and George Bird Grinnel.
bankrupts, through Messrs. Martin Smith,
their attorneys. The petition contains In sub
stance the following statement
George Bird Grnnen and Joseph O. Williams, the
general partners IN the limited partnership OF
George Bird Grinnell 4 Co., in which George ..
Gare was sne special ned m
)udcated bankrnpts and ds,,on to have ,,ra,, ahe
limited IN natSn oesion ogetnes aSa with
the proceedings to be taken hereunder, was
referred to OF the registrars, Mr.. II. W. Allen,
and on October l6 George b. Grinnell and Joseph
c. Williams and the limited partnership referred
to were adjudlcated bankrupts On the following
1e e e. Of
nell h Co.. flied petition asking to be adjudicated
. bankrupt and to have the general partnership
lions were gran ted by the Court, and the proceed
ings in the limited and In the general partnership
were consolidated.
The first meeting OF the creditors OF the bank
rupts' estate took place on November IA, 1874 No
assignee was appointed and the meeting was ad-
Journed till the 9th OF the present month. 1t ap-
pears that the petitioners have effected an ar
rangement with the whole OF their secured as well
as unsecured creditors, including all who have
proved their claims, with the exception as herein
alter stated, and have got from them written con.
SentS that the pr0ceeQlngS In bankruptcy In THIS
matter be discontinued that the respective assets
and property OF the bankrupts be relieved and re-
storedt them, and ask that an order be entered
to that effect
The petitioners declare that they are ready to
produce and prove before the Registrar all OF the
consents in question, so that they may be passed
upon Dy that officer. The creditors who have not
given their consent to the matters stated in the
petition are William Graydon, creditor OF the
general partnership for the sum OF 500 81; George
II. Holt, creditor OF the general partnership for
the sum OF SAT- 70; Mrs. H. b. Wilmarding u credi-
tor OF the general partnership Tor the sum Of
$652 20. These creditors have all proved their
claims. The petitioners have been unable to OBJ
tain the consent OF such creditors TO discontinue
ance OF the bankruptcy proceedings herein on ac-
count of their absence from the city.
The sum OF all the debts OF the creditors
who have not signed their consent amounts
TO about only $500. The limited partnership
when 1t was declared bankrupt placed with the
Registrar $25, 100 belonging to it, and the general
partnership placed with him SIS, e50 It's property
Both Of these sums the Registrar has deposited in
the Bank OF the state OF New York, where they
now remain subject to the order OF the Court. The
petitioners have expressed their Willingness that
there shall be retained SO much OF this money as
the Court may direct to fully pay the claims OF the
creditors above referred to; and they pray that
the matter be referred to the Registrar to take
proof with respect to the allegations set forth in
the petition and to report to the Court whether In
his opinion. the bankruptcy proceedings ought to
be discon llnued.
Judge Blatchford has directed the entry OF an or
der granting the prayer oil the petition.