Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-07-30
Alex IBder DuHc.n's EEplauatiUns-FOra
l. Co.'S Case-The Commercial
Wareh0use-TaRsig X Co,
Ct st. LGuis-Etc.

JEtEEAa "Atltu EDEL one INLAl-l dAi
sixty Thousand dollars by the failure o.
Jay Cooke, loses one hundred thousand
dollars by the suspension OF Duncan
Sherman d Co. \ responsible officer {
one Of the largest banks in this city yes
terday stated that Duncan, Sherman d
Co. had nearly seven hundred thousand
dollars tied up in securities Of Mobile
and Ohio railroad stock, OF which Dun,
can is president, and small amount in
the Selma and Gulf road. It is under.
stood, also, that in one Of their settle
ments Duncan, Sherman Il Co have
been oblig I'd to take three hundred thou
sand dollars Ia Alabama State bonds,
which is now quoted at thirty-tive
cents on the dollar. II appears that
transfers of real estate have been re-
corded at the registers office this week
on the part of VIM. Butler, Duncan and
other members OF the firm to the
amount Of one million two hundred
and fifty thousand d1ilaTs. The deeds
just recorded date from 1865 to 1874 The
name Of the grantee is freshly inserted
in q different handwriting from the
body OF the deed,
VIM. 3. Duncan, Of Duncan, Sher-
man & Co, explains the transfer of the
IEdl EELhLt E-6 1 fiIHt.s llle jain Bul1u7
ing. be said, was soid to his father, AL
eXander Duncan June 8, 1865, fOr three
hundred Thousand dollars, subject 10 a
mortgage of two hundred thousand dol
lars. On May rs, 1867, the property at
No. IS Pine street, was sold to Alexan-
der Duncan for fify-eight thousand
eight hundred aud tWengy-fCur dollars,
subject 10 q mortgage q forty thousand
l.5f.r1F ffg~ ton o. E,-f
these trans Hers was paid 90 the time in
cash, other deeds, etc. Duncan said
that. including he deed Of the -Four
teanth street property, BOW pat on re-
cord, the deeds were long ago lodged
with an agent Of Alexander Duncan to
secure certain credit granted to Duncan,
Sherman d Co. by parties in London,
under q guarantee VI Alexander Dun
can, f)- which the firm placed the deeds
with an agent, to be recorded at the
pleasure OF Alexander Duncan. In case
the credit was not used the agent was
to return the deeds TO Duncan, EheT-
man d Go. Under this contract s. GER
tain amount has Dsen GTswn, and the
agent therefore recorded the security in
accordance with alexander Duncan's
instructions Mr.. Duncan said that
bkuE1 AtEub 1l1At- ~ llhEl4lhfEAE VI NtAC
firm in previous years, e list OF which
has been published, cover old iTsnsac-
tions iG zeal estate which have no con-
nectiun whatever with the p-eseHt fail
ure.
GOLD AND THE COMMERCIAL WARE.
HOUSE COMPANY.
There were bids for government gold
to-day to the amount Of two millions
two hundred and twenty thousand dol
lars at lll.S9 to ll2 66 In the suit Of
james D. Fowler ana George NJ. Fowler
as. Commercial warehouse company,
Judge WestbrOok to-day appointed John
Baird receiver OF the company. Baird
gives bonds III $3.50 900. His suTeties
are John J. Jore aud Cornelius II. Della
mater. The company is eDjOined from
disposing of any or its property.
FORD d co IS CASE.
J. B. Ford & Co., il a card, state the
depression in their book business con-
tinued since thepauic OF 1873, and was ag-
gravated by fire in their bindery in Feb
Tuary last, which pRralyzed spring sales.
They claim theiE assets at bare cost eX-
coed the liabilities by over eighty thou
sand dollars. The Christian Union, thsy
Say, is sustained by ample capital. It's
condition is sound alJ its prospects
bright. The statement that it has lost
ground since the trial is rot true. Ford
d Co.'s connection with it is simply
that, besides being stockholders in the
company, they have been employed as
publishers. They have resigned that
charge, and after the fifteent Of August
the business of that paper will be trans
acted by their successors. Alta meeting
of the creditors Of Ford q Co, it is sta
ted the Sssets are lightweight thousand
dollars in excess Of liabilities. A COM
mittee has been appointed to prepare
action. The liabilities are not stated.
The business will be continued subject to
the action Of the creditors. Payments
will be temporarily suspended.
ST. LOUIS.
Chicago Times Special
ST. LOUIS, July 25-The banking
houses Of Tsusig, Camp & Co., Tausig,
Fisher * Co OF this city and New YORK,
which became involved in the late panic,
have obtained the consent Of their cred
itOrs TO a compromise, which will allow
them 10 make a settlement without GO
ing through the expensive forms Of
bankruptcy. Put briefly, the plan OF
these bankers Is to execute and deliver
TO Francis Rengeling, OF this city, an
assignment of all their Individual and
eopaTtnership property, real and per-
sOnal, excepting only that which is eX-
empt by law, said assignment to be in
fun OF ali their obligations, said Rengelt-
ing, as such trustee, 10 have power to
convert into money the proceeds Of all
the property, and to divide among the
creditors as often as there is collected al
amount equal to five per cent. of the to-
tsl Indebtedness, said Rengeltiug TO give
bond il the sum Of twenty-five thousand
dollars, the same 10 be approved by the
register in bankruptcy, and ia default
thereof to be made payable to the dis
trict court OF the United States for the
eastern district Of Missouri; should said
Rengelting be prevented from acting, by
death or other inability, the United
States district court to appoint s.
trustee, who shall give q like bond.
A majority OF the creditors have
signed gu agreement to accept this
proposition, ana = meeting Will be held
on the thiIIieth 20 formally Tauiy the
arrangement. The liabilities OF the
debtors amount TO 500 600 Their sus.
pension hss already led to the placing
OF two -. Louis banks in the hands Of
sssiguees, the Peoples Savings ard
Western Savings. Among the heavier
creditors are Gabriel Artenstein, New
Ork, $4,000; B. DCrmiizer, New YORK,
Si4 900; William II. Heath, auditor Of
st. Lolis county, 80 600; Peoples Saw
ing institution OF 81. Louis, $40, 900;
West ST. Louis Sayings bank, 1000;
Western Savings bank, OF St. Louis,
ST., 600; Atlantic ana Pacific railroad
company, $1,000; Plume & Van AM
burg, New YORK, $1,000; George II. Bend,
New York, $500; William Z. Wernz, OF
st. Louis, $500; +, W. Matthias, treas
urer OF st. Louis county, so 900; Frank
lin Savings institution, Of st. Louis,
s2l, 900. The assets of the bankers con-
si5t Of some real estate, hut mostly
stocks in various railroad, mining, and
manufacturing companies, all over the
country, from which it will be hard real
ling.
r. 5. Anderson, Dr.. c. T. Wilbur, 5.
G. Paddock. J. . Reynolds, 4. X. AL
I.y, q n DaTa i = D4lqu0y and +