Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-10-17
NEW YORK.
CnrIons CommereiaI CompromIse.

OuElOuS SOlAuACECAhA NOAAA EOAAAA5Cs
New YORK, Oct. l6.-The Bulletin says
a committee of the creditors of Peak,
Apdyke & Co., who suspended some time
ago make a report that the firm have
promptly paid eight per cent. of indebted
ness with interest; that there was not sur
plus to pay the additional twenty per cent.
and that the amount which would be real
lied from the remaining assets would de-
pend greatly on the formation of strong
firm TO succeed to the business. A prOpO-
sition from Mr.. Peak for a final adjustment
of the affairs of the finn has been adopted.
The basis is that all debts incurred IN
1874, be paid promptly: that VIM. j. Peak
place the entire assets of the firm in the
new partnership beyond $4,000 applied to
secure the release Of special and general
partners, and that the entire estate of WD.
j. Peak, real and personal, should, at his
death, after the payment Of SjO,OOO 10 his
widow, be devoted to the payment of the
remaining 20 per cent. interest, with the
privilege of cancelling this Indebtedness at
ninety cents and interest at any time du-
ring his lifetime, or eighty-seven and
half cents and interest at any time before
1880.
Another Libel Suit.
A writ Of issue was served to-day on the
counsel of Henry Ward Beecher in the Til
ton libel SUIT. The case will take place in
November.
Fell Dead.
Rev. Henry C.. Montgomery, d. D., rec
tor of the Church of the Incarnation, and
formerly of Philadelphia, dropped dead at
his residence this morning.
French C0nscripts.
The French Consul General at this point
is calling on all male persons of his nation
ality, under twenty years Of age, to register
at the General Consulate, in conformity Of
a circular of the French Ministry in regard
to the Military Board.
The Peabody Fund.
The trustees of the Peabody Educational
Fund are in session. The Board will con-
slider the necessities of each State, and dis
tribute the money in their charge in such
manner as they judge will best meet the
wishes of the late Mr.. Peabody.
The Tribune says, that at meeting Of
the Trustees of the Peabody Educational
fund. DIR. Sears presented a yOluminOus re-
port of the work Of the past fifteen months.
he spoke of the signal success of the South
ern school system, and of the board of
mixed schools, which had been tried with re-
markable success. The plan of the general
agent has been TO cooperate with the
school commissioners in each State, and
only upon his recommendation is money
given from the funds. Certain conditions
have been made necessary, and no cOmpli-
ance at the end of the year canses forfeit
ure by the school of the money to have
been awarded. These conditions are that
the school must contain so many pupils,
and must have one teacher to fifty pupils,
etc. The report was unanimously adopted,
and VIM. Sears commended for the able
management of his trust. The next meet
ing of the Board will probably be June,
1915.
A Corner I'm Oats Broken.
The Tribune says: Commercial circles
were excited to-day by the failure of a com
binarion which had bsen formed for the
purrose of controlling the market for
oats and specializing in other grains. The
welI-SnoVn firm of Z. S. Edgar, of Burling-
ton. were the principal movers in the COM
bination. and their suspension has e;2bar-
rassed J. Lathrop & Co., and Lathrop q
Fngs, Of this city. They endorsed an ac-
commodstion paper for Edgar s. Co, but
falling 10 take up this paper, they allowed
il 10 90 to protest. In all other respects,
the New York houses claim to be able to
meet their arrangements.