New-York tribune., 1875-12-11
RISINESS EMBARRASsMENTA

James W. Palmer & Son, wholesale grocers,
at Nos rs ana so Murray-st, have suspended One OF
the members stated yesterday that tue failure
had been caused partly by dull times and the difficulty in
making collections. while the immediate cause was
largely owing to n heavy ndorscment which they had
unexpectedly been called upon TO 1t was impossi
BILE, he said. to give either the assets or liabilities at
present. but statement would bc prepared az soon as
possible He thought the deficiency would not be large
All their principal creditors had expressed great sympa
thy Them and IL possible that some arrangement
would be made by which they would resume business
again. The house. is stated has been doing business
in this city for nearly 40 years and this Is thc first time
they have been unabie to meet their engagements.
f. H. Garbutt & Co. wholesale dealers in teas cofces,
Spices etc. at Nos 40 and 81 Park-pacs, have aso
pended pay mcnt Mr.. Garbut said yesterday that the
failure had been caused by the difficulty in making col
lecions and the general dulness IN trade They had
large of accounts scattered over the country
and had out great many drafts, which were re
turned unpaid. with requests for more time As they
could not continue business in this way, they were COM
PEELED to suspend. No assignment had been mado, ana
and he hoped none would bo found necessary. II wa
impossible he said to give either tho assets liabilities
until they had time to balance accounts Their creditors
had shown disposition deal kindly with them, and he
hoped they might be able to resume although moth
ing was certain in regard 10 this matter.
Among the assignment announced yesterday ere tie
following: Isaac Bcligman son, dealers, in hosiery at
No 3f2 Broadway Morris Levy, clothing, at No 707
Eichb-ave II eodUre L. Harding ir, furnishing goods.
ut No Cortandt-st; Meyer Ka-tor, dealers III hard
waro. at No 129 Duane-st; Alexander Stein, cabinet
maker at No. Sc Attorneyst, has failed Charles Il.
Reed iewelry, AZ No 2,270 Tliirayc., and John p.
baltimore wbeelrght, at No i5G Water-St were sold
out at Sheriff. sale The sheriff la possession OF the
goods of A. IL. Bernstein, dealer in trimmings, at No
45G broadway: Robert j. Cox boOkbinder, at No. 80
Msdon-lane Jacob ROsentLal, clothing. at No. 539
| E.hthiyc., and jacob Iackcrman. hOuseiiinishinS
goods, No. "a Barclays David lsaacSodi dealer IN
human hair at No. 3Sl Grund-st, was sold out.
Assignments were yesterday fled IN toe County Clerks
Office hY VIM H. Lewis and James &. LOWS 10 James l..
Price and By A. Mever and Aaron n tStoc to lsdids
Never. The following assignmt ns were HE'D IN the
Office Ccrk Of the Court of Common Pleas. Ferd
nand Muller to Henry Schneider, labieS S-,JI1 "a,
nominal assets $}379 CO. actual assets 5000; Edward
a. HadeDan to ~ GanO Dunn, liabilities SlO1S d.
! real asScs $3.50 GS.
A meeting Of the creditors OF s. b. Potter & Co., pro
dnce dealers O No. 73 DrOadst held yesterday bo
fore Register F,tch at No 3iJ Broadway. Claims
amount ing 10 S45,G4A 81 iled. The city National
Bank Vi BingIamptOn withdrew it, claim OF lOil 70,
after which Schedah i. stanton Of No. -3 Gin ST. was
elected ass cuer.
The creditors of Bondy & Schwarzkopf. tohsCco mer-
chants, OF No. lis Mutcist ned meeting f The oiCe
way. Among the principal CrtdliOIs Who hled iheiT
claims the following; JUst On Hchtder, Tl3,OOO;
Hayemeycr Nigelius, 2,10j - j. llmbu ger a Co,
7,GIJ 81 Joseph Mayors Son, ST.OOS AZ 'has r.
solomon Bondy %t75l %; Anna schHar1Eop,, 1000;
kaufman Brcs. & Bnndy, $4,000; VEGA " Bcnihc.m.
$3.50 81 IOak 3 DftyfE-, H3,OUU; H. -chuart q Co.,
$1,000 4 statement was presented fhO~in- Inc tOai
liabilities 10 be S92.277 Oi aud the assets So 80,
| aud an offer was subiatcI for competition GA The
basis Of q J. cents. payable three usILtu.s IA in
duracd notes four, six, and cht months Inc lTOpO
sitiOn accepted Dy u majority OF the cgedtOrs