The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-09-02
THE BALTIMORE SUGAR MEN.
STATEMENT EXPECTED To-DAY-A LIST OF
THE STOCKHOLDERS OF THE CALVERT COM
PANY.

STATEMENT EXPECTED To-DAY-A LIST OF
THE STOCKHOLDERS OF THE CALVERT COM
PANY.
BALTIMORE, Sept. /, 1878
The recent failure Of Stirling, Ahrens Il Co. and the
consequent suspension Of the Calvert Sugar Refining
Company continue to occupy large share of atten-
ton and comment in the mercantile community. All
matters relating to the condition of the two concerns
sought after with great interest which seems to in
the time of the promised statements
of their respective affairs approaches. So far,
other mercantile houses or banking institu-
tons have come TO grief account OF their
connection with the suspended concerns but 1t is said
that number of bill brokers have become liable for
loans procured account of Stirling, Ahrens h Co.
upon the paper of the Calvert Company which II may
seriously embarrass the brokers make good if called
upon. The manner of making loans of this sort is
somewhat different in various cases. and it is impossible
to ascertain the particulars in each case
The coffee and sugar interests in both Of which Stir
ling, Ahrens Il Co. largely engaged have been
considerably depressed since these suspensions but are
beginning slowly TO revive and it is thought when the
fact is realized that further trouble will follow these
downfalls the effect will wholly disappear and business
will resume its wontod activity There Is still
much difficulty experienced in selling mercantile paper
the street. but the banks discount freely for their
customers all the regularly Endorsed notes offered and
money is unusually easy Among other questions re-
lating to these disasters which have been freely dis
cussed in the community is the regarding the liza
bity OF the stockholders of tho Calvert Company for
any deficiency between the assets and the debts Of that
corporation to the amount of their stock subscriptions
prominent stakeholder to-day told the writer that
they Qhc stockhodcrs) had taken able legal counsel
upon this question, and that he was convinced they
were not liable The stock originally amounted to
$500 000 which was subsequently increased to double
that sum- one half Of the increase arising from surplus
profits. Among tho stockholders are many of the
prominent capitalists and merchants of this city
the following embracing their namcs:-
GcorgcJ Brown, OF Alexander Brown K Sons Robert
T. Baldwin, President Mechanics National Bank James
Carey Coole, Stirling Ahrcns Henry James, President
Citizens National Bank; Archibald Stirling Jr Prcs
dent Baltimore Savings Bank; O. b. Stllman Supcrin-
tendcnt Calvert Companyj Thomas Kcnsett Lord Il
Robinson, 7. S. Chappcl's estate, Fink Brothers &
Co. David Baldwin, Cashier Baltimore Savings Bank: T.
Robert jenkins, of Jonkins & Chandler and Thomas c.
jenkins.
A STATEMENT MADE TOMORROW
The joint committee of stockholders and creditors of
the Calvert Company to-day completed the preparation
of complete statement 10 be presented TO meeting Of
creditors tomorrow This paper could not be seen
to-day but it is definitely asccrtaned that the figures
will not vary materially from those already put forth.
What the decision ohc creditors will be Is not known:
but II Is supposed that such extension of the ndebt-
cdncss will be allowed will enable tho refinery TO be
carried '0n In the event Of this being refused II IL
thought new company will be formed, mostly com
posed OF the present stockholders. who will continue
the business There developments in regard
It is said that full statement will be presented during
the present week