The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-08
BUSINESS TROUBLES.


The FIRST meeting OF the creditors Of Nathan Gross
meyer oil merchant, held yesterday AZ the office
OF Register John Fitch, No. 1855 Broadway when the
bankrupts liabilities stated TO be about $1,000
Debts the of about 81 900 proven among
which were those Of Jacob waldhesmcr $3.50; Herman
Bsrnheimer, $3.50; Altman Co.. OF Buffalo, $al2
Aoritz BALM elected assignee.
Edward 7. Draper has made an assignment 10
Thomas D. Adams Tor the btnelt OF his creditors.
The FIRST composition OF the creditors OF Nessrs. l.
J. Phillips Willis Co., will be held to-day at twelve
n, before Register Edward Ketchum, Of the Bennett
Building
Al Register Ketchum's Office, at two r. NJ, to-day,
there Will be meeting OF the creditors OF hessrs
Strange Holland to show cause why The bankrupts
should DO discharged
The meeting Of the creditors OF Irving Son. furni-
ture manufacturers, of No. 2o6 East Twenty-seventh
an assignee Register james r. Dwight, OF No
Beckman street, has decided that some selection
BIO made al the next meeting, which will take
place at his Office on Wednesday next.
Tho third meeting o. the creditors of Aessrs Metz
Brothers cIeve. wholesale dealers in dry goods
Dwights Office was adjourned until tho Goth inst The
purpose OF tins meeting 10 settle up the estate and
The composition meeting Of the creditors OF Messrs
Fairfield rrask dealers n butter Of No 100 Cham.
Register Fitch, Of No. $40 Broadway.
Tho first meeting OF the creditors OF Messrs f.
schuchardt 4 Wells, bankers, OF No 10 Exchange
place, viii be held before Register Fitch the 18th
inst at twelve NJ. The meeting will be the pur.
pose OF proving claims and clccting more
assignees
The offered composition OF Mcssrs. Wallace K Co,
wholesale dealers in dry goods. OF New Oreans--viz
twenty five per cent cash and eight and third per
cent Ia the paper oil David Wallace sixteen months
has been confirmed by the Bankruptcy Court OF
Louisiana, aud the bankrupt firm are now ready to
carry out the settlement which will be paid 10 the
creditors within ten days AZ tho office 81 Mexsrs Parker
Wilder h Co., No W Leonard street The firm OF
Wallace Carey a. Co. VIII DO the successors OF the old
firm.
Yesterday II was announced that the firm OF j. l.
BrowncI 4 CO., stock brokers, dong business al No
2S Broad street. had sent notice OF failure to
the New York Stock Exchange Upon application to
those who knew the particulars IL was discovered
that the Mcssrs Browncll had merely Como protest
extended notes and that formal notice had been
given creditors oil their Inability meet these day
This firm had been involved with fail
urc on the Produce Exchange, where s'corncr" mad
been attempted In lard lew months SINCE and have
beer struggling against the results of this unfortunate
venture The particulars made public at the
tmc, and was hoped that the Mcssrs Brownell who
are honorable and enierprisng gentlemen, would sur
all their difficulties at the Stock Exchange. As
the event proves was impossible for them TO do
otto Ahlborn, trimmings, at No. 20 Walker street,
has been adjudged bankrupt by Register ketchum.
the petition OF Oscar Hoffman, Carl Bartes and Richard
Stacn.
and Anton Moller creditors OF Bcrincr h Karchcr.
importers OF millinery goods, nj No. All Broadway,
have pctiuoned to throw the firm into bankruptcy.
The claims OF the peitioning creditors amount 10 about
&35 000 Mr. Charles Gocpcl was recently appointed
receiver Of the firm by the Superior Court
street. have been thrown into bankruptcy the petit
tons Of Jackson s. Schultz, Adams 4 Shalcr, George
Schmidt and H. J. Brooks The claims OF the petition
ing creditors amount 10 nearly $4,000, tho largest
creditor being George Brooks Sc, $40
NEW ENGLAND BUSINESS CHANGES.
Boston, April !, 1874
In the list OF the Boston Commercial Bulletin are the
following
Stebbins, Grout Co., dry goods jobbers, Boston,
are reported suspended Their liabilities are reported
in tho neighborhood Of 100000 principally due in
this city and New York. The firm has been running
under its present title since January, 1875, and the
capital at that time is said to have been $1ao0O0
J. d. Sullivan, slverpated ware, Boston, is re-
ported failed His liabilities are about $4,000 owed
mostly to parties in Providence Taunton, Merdcn
Comm and New York. four houses Zone in each OF the
above citics) representing claims OF $l2, 900. Tho
assets aggregate about $4,000.
The preferred debts OF George NJ. Weston, lawyer.
Boston, S. oo0 unsecured debts, 500 4l2 25 the
contingent liabilities are $3.50; the secured debts not
including the interest on all notes, $351 700;
curcs held outside OF those regarded as OF doubtful
uncertain value stalled 70 be worth $780, 500.
The largest secured creditors New Jersey party,
whose claim is $40 000 and the amount OF security
amount Of $4,000; Bangor tMe) party is creditor
to the nmoun, OF 500, 600 The largest unsecured
PARTIES PARTIES in wsteisown =, and Bangor ,S Ge "
Tho preferred debts OF N. c. Munson, contractor OF
Shirley and Boston, arc $63! 20, due the towns OF
sh rcy Canton and LuncAbcr aud the city OF Boston
Tor taxes, and ~ OF due various parties wages
for labor The unsecured claims amount TO
$27 49S IL and the secured claims 10 $500 $40 a. The
contingent liabilities about $297 900 and the liab-
ties upon accommodation paper s2.5l0 Mr.. Munson's
unpledgcd assets figured 81, 900. The largest
creditor IL Boston party, whose claim Is $500 900.
Medncld party creditor TO tho Of 5000
About S545, 900 OF secured liabilities in favor OF
parties In this city, The unsecured liabilities are more
scattered, but are largely due in-Massachusetts.
The preferred debts OF Seth Whittier. real estate.
Boston, are $1,5sS 81 due the city OF Boston for
taxes.