, 1874-12-02
=: FINANCIAL.
Jay Cookie s. Co.'s Creditors Bccom-
- ...,,,: ing Discouraged .. .. =,
Preferred Claims Likely to Rat Up
Z; :. ;:.~' Z: the. Whole Estate. j.. J.. +.
The Firm Of Henry clews & Co. hdjudi-
:...,, Gated Bankrupt. -

THE JAT COOKE i co. ESTATE-poOR PROS
Poets EDR a SErrLEAtENT.


PECrS TOR a SErrLEAtEET.
- iueefas Dtsnaeh to The ,chiea70 Yribunt.
pl1tLApELrIIA pl., Dec. la iurctiu1 Of tho crpd
itors Of jay Cooke & Co. WIS hold to-day, ut tho ban
ingouso Of tho late rn, T4ir btrcet, 10 listen 10
tho oxptanatiou Of Tho Ileceivcr Mr. LOWS, and tho
Committee appointed to exanlno into tho condition Of
ehp estate ill., John Clayton, .Caaismnn Of tho Com
mistco Of creditors, waB appointed to preside and ar.
Stephens Was elected Hccretary. MI. lewis mstoa
brief satc1ncnt Of thowork done, aud presented bis
report NJ Trustee in bankruptcy. - :" -.
Mr. Clayton said that they wero mob 10 receive sg-
gcstions from tho croditor5 md upon tho information
whtrl tho latter might receive from pereal OF tho
report. They would ell for ton days for this purpoge
atr. niygs, Of Delaware, asked H. after tho e1pra-
tion Of that TING, tho Committee would In prepared to
mako nnnl zcttesnont.
h1r. Clayton raid that they PROPOSED malInga final.
distribution Of the caal rs far Oh tlcy could, nn then
of tho other nsscts far thoy thought IL .conrcn-
lent to GO. This would 10 distributed pro rata.
Mr., Dsggs HGko1 II they would 10 prepared 10 make
inn settlement then with n creditor DaHad on my
proposition presented by him. ....,, ....r
NIr. Clayton said 1t would DO impossible to say at
present.:
aLr. DIgus thought 1t would hayo boon better IL ihe
ConIttep could have suto tho cash value Of tho as-
sets. They would tlcu have been nbo TO know. their
caal value III tho uarle ue reforrCl to tho report,
which stated that, Of certain aocks mud bonds mcn-
toned thcroIn, 1t said that to sell them would 10
to uacrhce, md tho demands receive but email re-
turn.
MR. LowiH said Tint tho acc,lsitcs referred 10 then
woro but ANAL portion ol tho satatc, at raatca 10
intcsnontso Of the trn Thcro we're individual claims
Mr. Dn,loeh snid that sinco the aettlc,nont Of lilo
sstaS @ hna bfo nd II o soRrsss aro a1 h, ,s Of
By iha Bankrupt law, tlo Individual estate must Ie
Z pesss sp'a 10 'iS ee 'a ts e' ss w4s
s saN Ut H' y Wes o n. aF' sa aeasi a
had not sufficient asxest had presented CLAIM, against
ths inltvi,sls q tho nm a,t,o,ltlns e x3co
s7oo,eoo which thsy hnt o.. .epos win tho London
claim against nir. Morchcaa ior sdoedoo or Or
| s7o0,ooo which that gcntlenau had rool-ioohed.
tcientlod TLero was alotiler claim against Nr Moro
head w holtcr q oerna bonss Tor 81 ooo Thsao
@ ssms Sn a',s OF sn @ ho ~ aSs ~ + ws 3
th:sc, nnd for tcln there would be pro rata tStrhu
s!nn Of tho cas, "n a!so distribution III h!n cr the
alr. Dlgas asked II lilo individual cotAtea wcro Hlt
ac!snt to ,'sost the claims and leave anything
| Mr. Tn!!ocl-Thero will bs very ittto after.
absorbed Io desired 10 low what tho other nhscts OF
M % N o o G1 a s S et 30 10 Eno ow lS
they wcra informed by tho COMMITTEE. Slr. lowIe
said it wns ioeste 70 arrive at a,X retscnt t xallc
l,ns'sc their inty,tal estate. any elatm would Jill
exist against the tho reply being in tle Negative;
stocks IN which Jay coose Co. interested which
layo lni dividends OIL tho atoek or interest on tho
| bonds.
! there were como bvntlH."
Dir. uIEsa Hal. that hat being Tho case, Jay Cooho
| 10 loli. =
IL u% %sSss99 db ;ssn A5Tp5a7rp d!sSG,f55a BANKRUPT
NEW Eon'i, Dec. 1..ln tho United States Court TO-