New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-09
TIE cLEWS ASSETS ALMOST T0RrHLESS.

CREDITORS WILLING TO TAKE TWENTY-FIVE CENTS
ON DoLfAR-MAyY or THE STOCKS or 30
MARKET vALCE-soME OF THE CREDITORS Sc
CURED IN NAME But NOT ~ FACT
Further inquiry respecting the failure of
Henry Cews seems confirm the statements freely
made on WdIl-st., that the assets VIII not yield
INC creditors more than 25 cents ON the dollar
several persons having comparatively large claims
against the firm or rod yesterday to set 10
Ior less than one-Quarter OF the amount due
then. An examination OK the securities embraced
IN the schedule dlad with tao gister BauKruptcy
and published exclusively yesterdays TRIBU NJ, dis
closes the fact we'll known in financial circles that
many OF the stocks have market vine and are not
dealt IN ny responsible houses TIE stock OF Bruins
WICK ana Albany Railroad Company, put In tue assets
us par value AZ 6JJO0O-las value.
Inc STATE Of Georgia repLdidted guarantee OF
tho road, ana Il generally understood that there no
selling price for The stock Tho bonds OF the Selma,
Marion and Memphis Railroad Company which has
the guarantee Of me STATE Of Alabama are
quoted at 20 cents the dollar, and there
is no quotation FOR the stoc6. Mr. Clcvs
puts IL IN asset at nearly s4o0,OO0
The schedule OF assets nas Tor the principal security Of
M Ccwss Gre lt0e3 certain securities Of the Burning
ton, Cedar Z pas aad Minnesota Railroad Company
par value about $2.h9,O0o The bonds OF the Company
quoted the dollar, the stock has
no ascertainaOle market value, aud IS generally be-
eved TO be almost vaueles3. The Cartersye and Van
Vert Railroad Company is nos mentioned in the Rail-
road Manual" and there buyers. This security is
put in the schedule asset, $27.1O0 The Eufla-
now East Alabama ana Cincinnat-Railroad Company
made default IN payment OF interest ald is offered for
sal. The creditors VIII not probably realZ much from
the sale. 10 Is also included at about
100000 The bonds OF the Rockford Rock Island
AID 70. Louis RlilrOad Company are quoted at
- to 20 cents the dollar but the stock has selling
price In open market 1t ID put the list at its par
value $4,000 Besides these here two IN the
schedule Of assets one. stats Of Alabama S22)3j9 IA,
and the other, State OF Georgia S24 AS b II tuese
claims or guarantees OF railroad securities. reported
that their value Will depend very much cir um-
stances IL Is believed however, that they
gotlAUe, and very little Will DC realized from them
The socacI secured creditors" it is stated viii not
fare any better than the unsecured the securities
mostly the same Inc OF railroad and Southern
stocks claims no-es and evidences OF indebtedness
OF raj road officials nd irresponsible persons, not
table valuable IN business anstctions, and having
no market value Several OF the largest items in tao
list OF assets are Disputed claims aeh N sCit and
Will probably settled by compromise. There are also
Included IN the Of assets certain pastluc
coupons Of the Burlington, Cedar Rapids and Mime
sofa Railroad Company, amo uniting - &2I0) selma,
Marion and Memphis Railroad Company, Sl2 900 and
SELMA and Gulf Railroad Company, $4,000 These cou
pons various periods from Nov l. 1889 ID March j.
1871 ana ~ the Pre- depressed Of the business
of the roads IL i. believed that full payment cannot
reasonably DC hoped Tor