New-York tribune., 1875-02-11
MERCANTILE EMBARRAssMENTS.

HEAVY FAILURE IN THE FRUIT TRADE-LIABlLlIlEs
vARIoUsLY ESTIMATED FROM $2OOcCO TO
Sf0O0O-BANKRUPTCY PROCEEDINGS AGAINST
A DRY GOODS FIRM.
West Side merchants were very much sur
prised yesterday the Of the failure OF
the old and welLknOwn firm OF John Hayiland & Co.,
importers and dealers IN fruit at No. 267 Westinghouse
The house largely engaged in the importation OF
Spanish. Portuguese and Mediterranean fruits for
many years. At one time very successful Of late 1t has
become involved until finally suspension was inevitable
The cause the failure said to have been from large
losses in mpOrtaons by OF the deterioration in
the quality and define in the price OF rut and from
bad debts &,. With view TO securing the generai
participation the creditors in all the assets an assign
ent was made to Henry T. Close, who Is now In pos
session of the property 1t Is understood that the mem
bers OF the firm also conveyed their private property 10
him for the same purpose.
A meeting ofthe creditors was 20 have been held yes
teray afternoon for the purpose Of receiving state
ment of tho assets and liabilities. No statement was
presented because t viii not be ready for some days
Tie liabilities OF the firm are estimated by persons out
side Of the at between 100000 and 100000 The
employees Of the firm say that they do not know the ag-
greGate Liabilities. but suppose they range between
100000 and 100000.
The requisite number Of the creditors Of the dry goods
jobbing firm OF Rice. Goodwin, Walker e. Co.. which
failed last December have united In instituting pro-
ceedings put the firm in bankruptcy. The order to
show cause why bey should not DO adudged bankrupts
is returnable before Judge Batchord the goth inst.
THE REGULATION OF RAILWAY RATES
EXPECTED COMMISSIONERS MEETING DELAYED
WEST-BOUND FREIGHT RATES MAINTAINED.
The meeting of the Railroad Commissioners
having charge of in the East which expected
to taken place yesterday, was not held, in eonse-
quence OF the absence Of Judge Jewet at Philadelphia
and OF Gov. DennisOn at Washington. Judge Jewett
was expected return to this city last evening" but tho
length OF time that Gov Dennison was likely to be
absent was not definitely known. Col. Benjamin W.
Blanchard the third Commissioner said that he did not
know when o meeting would be held, and hardly saw
the necessity OF IL, as railroad business was
going forward in the East with perfect harmony,
so far as trunk lines concerned. He had not
heard with regard to the Western Commissioners II
they had settled the troubles that had arisen from tho
Ohio and Mississippi Railroad reducing their rates for
passengers between st. Louis and Cincinnati. He
thought that IL any change had place In the
ter lie should heard of IT. j. II. Rutter, freight
agent OF the NewYork Central Railroad, said that no
change had taken place in the rates on freight to the
West, and the rates generally we'll maintained
he did not any reason why there should be any
change, as they were. in his opinion low
enough. He had been informed By telegraph
that the freight agents OF the South Western lines had
held meeting in ST. Louis and had restored the rates
the former standard OF so cents per 100 pounds for
special freight from that city Ths was on the same
the Accent rate from Chicago which had been
fixed some time ago by the Western Commissioners; @
meeting had also been held by the Cincinnati freight
agents, but they had adjourned without deciding the
era meeting OF the freight agents to be
held In Chicago. With regard TO westbound freight he
time at least ho found they gave satisfaction except
in u instances where some particular person was
desrous OF getting either a commission or rebate.
The fastfreight agents along Broadway all agreed
yesterday that the rates had been generally
ana that If any violation OF the schedule had taken
place. the business had been transacted SO quietly tna
clew could be obtained OF IT, One agent SAID snip
large consignment OF sugar and late in the afternoon
had returned TO him and contracted for the shipment at
the schedule rate of Al cents per 100 pounds.
One OF the passenger agents of through line told
TRIBUNE reporter last evening that the troubles on the
Grand Trunk ana Great Western Railways had not yot
ended, aud that the contention was likely TO Involve
stringent with regard 10 the maintenance OF rates for
through tickets from this city by those routes well
acter than otherwise at least SO far as NewYork was
concerned. He did not think tho Eastern Commission
Canada roads, and he was certain that the Western
Commissioners would not succeed 10 pacifyins the
officers OF tue Ohio and Mississippi Railroad
DIFFERENCES AMONG INSURANCE BROKERS
The dissensons originating in the Board
OF Underwriters have IN marked degree affected the
Board Of Insurance Brokers where the several local
interests frequently clash. An animated meeting Of
this Board held yesterday at No. l6i Broadway,
viceP President Bates In the chair or the eight candi
dates for membership only one. Benjamin Richards was
elected the friends OF OF the others withdraw
ing their Owing 10 the fact that the rules have
been frequently Violated and that the business OF
Of the members carried regardless OF the rules
and at reduced rates. several OF the members presented
their designations. Among those who withdrew from
the Board, were Messrs Anderson & Stanton, the
AGENTS OF the Freman's Company OF Boston, and
Edward A. Jee. Mr Stanton also resigned his position
as member OF the Executive Committee.
DEPRESSING REPORTS CONCERNING PACIFIC
MAI.