The Portland daily press., 1875-07-30
NEW YORK.
The Failure.

New YORK, July CIT appears that trans
fers of real estate have been recorded in the
registers office this week, on the part of VIM.
Bntler Duncan and other members OF the
firm to the amount of ST. ,250000 The deeds
just recorded date from 1868 to 1874. The name
of the grantee is freshly inserted in different
handwriting from the body of the deed.
The Trenton Banking Co. of Trenton, n. j.,
which lost 100000 by Jay Cooke & Co. IS fail
ure, now loses 100000 by the suspension of
Duncan, Sherman q Co.
A responsible officer OF one OF the largest
banks in the city,y yesterday stated that Duncan,
Sherman & Co. had nearly 100000 tied up in
securities of the Mobile & Ohio railroad, of
which Duncan was president, and no small
amount on the Saliva & Gulf road. 1t is I'M
derstood also that in one of their settlements
Duncan, Sherman & Co. had been obliged to
take $500, 900 in Alabama State bonds, which
are now quoted at So cents on the dollar.
William Butler Duncan gives tine following
explanation of the recent recorded real estate
transfers: The bank building he said, was
sold to his father, Alexander Duncan June 6,
1868, for 100000, subject to mortgage of
100000. On May rs, 1874, the property 13
S5S.S24 06, subject to mortgage of $4,000.
The consideration for both of these transfers
were paid at the time in cash. Other deeds,
etc., Mr.. Duncan said, including the deed of
the 14th street property, now put on record,
were long ago lodged with the agent of Alex
ander Duncan to secure certain credit grant,
ed to Duncan, Sherman u Go. by parties in
London under guarantee of Alexander Duncan,
for which the firm placed the deeds with the
agent to be recorded at the pleasure of Alex
ander Juneau In case Tue creuis was noI used
H sne agent mas W 1g.uIn 'ne ueeuS ~ Juneau
amount mas 1een orawn ane tne agent tnere-
Iore recoroe1 tne security IN ACCORDANCE m Win
AleHanueI p ~, ins.t e .i Is Inc otner
ueeus maue ny meMo1is VI 'ue nrui ~ previous
years, nse o. wn,G !, mas oeen.pnoMsnea, Gov
er old .iansaI.lous III real esea'e WHICH nave 10
Gonnec.lon Mn . w,.n Tue p1esens failure.
IL is rumoIeu GHaC hooie' tne aceor, VINO recent
~ ieIurue9 n w EusiSLu iose' %5o'ooo ny tne
ialiure oi Ounoa"' oher'iau q W.
The Warehouse Company.
John Baird has been appointed by ,Judoe
Westbrook receiver of the Commercial Ware
house Co. in the suit of James D. Fowler and
George M. Fowler Bair gave bonds in S25.-
900 sureties. John j. Gore and Cornelius ii
Delemeter, of the Company, are eEioiped from
disposing Of any of their property
Work Of River Th;exes.
;,,:-,,. so...o.5 49,.
n ~ ,gh,ei was ues'ioy1o ia sod mlehG al
a. 'nos Try ny 49, Of r;Uer tos pDooo ne
are snnnosed to have been blown NV bv tho u ex.
plosion Besides the loss of the lighter the
dock was damaged $4,000 or $4,000 worth The
sloOp Flora, valued at $1,000, was burned to the
waters edge, and $4,000 worth of lumber on the
dock was burned.
Failure ofJ. B. Ford g. Go.
I'd Eord Q, ~ ~ cod a..+o a.. Al,
o: oru 81 49, Gu ~ oalu, state 1nat tns
ueplession oneii ,ooS BUSINESS nas
% .n; p thnr hnar @nu "as oy
ara I1o u, ther snrinn S,ias Tho wncn
sat Sn at ,f Sa,o icy oaH 1Ga1
9'i,; h q, COO Sno eAoeeu Sneir Ia
t;a ny o ;s srSto;noS b Iay Uat Er Us
onndit;or ;s sound nd ~: ha M s
Stata,mon+ .ba II hos Lost ronpJ % NE
% net trns Ford e. Camnann ssce are Ira,
eth Il hesd.s beny stocIhaldays in tha oona
mamr = S;nniy that tbeT havo hson smu oo
as n,hi;shar, Of tho Donar Thnr h on
S;nppod thet CHARGE amd aftor ~ dsth re &c
ASgust tho bus;nass of The naner VIII ha or 81
oc.ad hv tbo;r no paper Will pe 'fans'
'o Tha 1 cyrod;tnrs Of T Ford ., ~ ho,a .
meatinn to'dav .fnnrths Of tho n stoo' a
hoIdarSs ho;nor yanroSontad staton o SUN ,n
no .:s, o9 Is ~ g 20. "a e'".Iuoho was
$4,000 tbo;r iahI;,;as h hnrf COO 600 M;
was referred to a committed to consider and
make such recommendations IS seemed proper.
Their liabilities were not stated. The business
of the firm will be continued subject to the
action of the creditors. but there viii he a fem
porary Suspension of payments.,
-. Erie T.,,5y,,iou
- ~