Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-08-18
DUNCAN, SHERMAN a CO.
List CT DepOsitOrE and the Amount Os
Their Liabilities Of the
RirBI-Asseis-Etc.
Duncan sherman ~ Co, Unable 10 E'Ry
more than Thirty Per Gent.

New YORK, August Ian eXami-
nation OF the statement Of the assignee
o: Duncan, Sherman d Co., shows the
total amount Of bills payable, nearly all
Of which ia placed in hands unknown TO
Duncan, Sherman & Co, is over 81 ,121,-
coo, of which less than 500, 600 are Sc
cured. The bills accepted by George
Butler, TO the amount of S65,000, are
secured by lands in Texas. The whole
OF the acceptaDces of A. Burgess, amount
ing to 81 JIG, 900, are unsecured. Among
the depositors prominently known il the
British consul-E NJ. Archibald who
loses SlO6i; J. o. Brander, OF Broad
street, FL ,04S; Il. J. MOntagu, actor,
S1344; HszeD Kimbsii, of HObOken, New
Jersey, SCI, 1855; Thee. Moss, treasurer
Wsllack's theater, $40, 959; J. N. Ns-
varre, Mexican consul, Sll, l,305; New
York Central end Hudson river railroad
company, Sl4,8l7; Panama railroad
company, S1l, l,301; Park q Duncan,
Sl56, ,IC3; David A. Wells, OF ConnecE-
cut, Sl65S; Governor Tilden, Sl36i; the
city of Chicago suffers a loss on IFS
water-lOsn coupon account of SIG, $40,
and on city coupon account Of S27, l46;
Richard Dooley, New Rochelle, Sl7,05S;
Mira. Elmett, SI7, 7,2l3; the First national
Sal. .333; Milwaukee national bank,
$2506; st. Louis national bank, SIG, ,220;
Trenton banking company OF New Jer-
sey, $l33, ,360; Bennington d Rutland
car company had deposit Of $53 622;
the loss of Samuel COlViile, theatrical
agent, appears now to have been Sl1l2;
Mrs. Ella DebsrTy, who is in Paris, lost
$500.
The liabilities OF the firm are for bills
payable, secured and unsecured, amounts
due depositors, domestic and foreign
correspondents, cashiers checks, certi-
fed checks, certificates Of deposit, trRY-
elers' credits and circular rates, and
reach the sum total OF s., 9l6, ,0l3. The
assets consist of cash on hand, $57, All,
secured loans, bills receivable, bills dis.
counted, open accounts, stocks and
bonds, rents, bonds end mortgages,
amounts due from foreign correspond
ents, real estate, Office furniture, person
al assets Of the individual members,
making, in all, total of 81, us, 1858. The
statement, therefore, shows q deficiency
of S2,796,645. 1t has been discovered
that a warranty deed, bearing date Of
October IL, 1873, by which Archibald
Baxter and his wife, in consideration Of
$75 900, convey to the international
PacKluR company OF new 1OGh, piece
of property in Brooklyn, was acknOwl-
edged and recorded August 9, 1875, or
two days after the assignment was made
by Archibald Baxter d Co.
New York SUM-
Judge Shipman, assignes Of the bank
rupt firm Of Duncan, Sherman & Co.,
completed his examination into the af-
fairs of the house yesterday, and gave
out an exhibit of their condition for pub
lication. 1t will be seen that the differ
ence between The liabilities and the as
sets is 81, 759, ,3SS 04, and this on the IA
vOrable view of their assets most natu
rally taken by house in trouble. But
experience has shown that the tendency
is TO Over.estimate what may be termed
conjectural assets. Taking the figures
furnished in the exhibit of Judge Ship
man as a basis for calculation, the firm
will be enabled to pay about forty cents
on the dollar; tut old bankers consider
the payment Of ten Per cent. less an IN
expectedly good showing for the sus-
pended bankers. The following Is the
exhibit: