The New York herald., 1875-08-20
DUNCAN, SHERMAN & co.

As thero seems to be much doubt concerning the e,,
OF Mr. Duncans proposition the creditors Of Duncan
sherman 4 Co, HERALD representative has obtaina
from him copies Of the papers printed below which wi
pass between the creditors and the rm These expres
their face the fact which the agreement itself state
viz that the creditors in deposting their claims viii
Messrs Kennedy & Duer, and executing 10 them ful
power Of attorney 70 represent their interest 70 tn
fullest extent only release the present dm Of Duncan
sherman Co., and surrender any Of their Ta,sen
rights upon tho payment Of the notes given by Ma
Duncan, which notes Immediately given them 10
exchange for their claims so denosed with the corn
mttee and which notes viii undoubtedly have a ncgOtt
able value The following are the proposed forms y
powers OF attorney and transfers Of clams:--
POWER ATrORNEY
Whereas the arm Of duncan, sherman Co. on the 27tg
ia sbomaa n far r. sSe bs az o @&snme9t & 70 Hon whs
hrm and OF me individual members thereof an aud neH
thereof rS properly . INC '-'u n anu 'A' individual "emSea
. And whereas we The undersigned creditors respeo
And whereas William Butler Duncan senior psTtner Ia
for the compioms and adjustment Of heir repecye @ eb
which said proposition We the said creditors
have agreed and accepted and desire carry on o
part according 10 the true intent and meaning thereof
and appontiointy seyeray our attorneys viii
full power and authority acting Jointly or seyeraly, to n
and all things needul and proper in their Judgment anj
dscreon to out perform and the agree
and receipt o All dividends tho assigned estate an,
likewise with fun power and authority institute proceed
proceedings final conclusion in behaI
respec yey if for it should attor
neys impracrcable 10 carry such agreement
of compromise and adjustment, and it should ap
pear 10 said attorneys, in the exercise of the.
best judgment aud discretion to be for best interests th
proceedings should be instituted and prosecuted
represent and each of in all prS
ceedngs by virtue OF the aforesaid indebtedness
due 90 and each of us fully copd sevcraly ia
using their attorneys and
Tor all such purposes OF the DEATH
inability Of either both Of said attorneys
the surviving attorney and trustee shall forthwith
point by under his hand and
ney in the place thu dying ning
being unable with all the rights powers and
hereby given said ori gna attorneys trustees
In witness whereof have hereuutO hands
seals che - day Of August 1875.
ASSIGNMENT OF BILL OF EXCHANGE, NOTE, CHECK,
OTHER CLAIM UPON rHE ESTATE DUNCAN, SHERMAN
Having Of the creditors arm Of Duncan She
Co. accepted the OF compromise proposed bS
William Butler Duncan, senior member Of said firm undel
date of August l6, 1870 do In
ment hereby assign aud transfer to Robert Lemon
Kennedy and George w. Duer the annexed - the sams
being tile evidence OF the Indebtedness said firm 10 bs
dealt with by the said assgnees the said
All Of said original indebtedness shall remain in
full force for all purposes in the hands OF said Trustees until
they shall have collected all dividends applicable the sams
from the assigned and until said shall
terminated legal bankruptcy proceedings thereupon
which they may deem necessaW proper; upon ha
payment the said thirty third
all Of said original Indebtedness shall DO absolutely
celled and discharged