The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-03-30
BUSINESS TROUBLES.

The failure OF James Z. Adams dealer in uphol
stcrers' hardware of No 479 Broadway, formerly Of
No. "a Duane street, announced yesterday Moth
ing definite in regard to Mr. Adams liabilities assets
could be ascertanei yesterday but it is believed that
the liabilities Will not exceed sl2 00O whilo tho assets
Will be small
John L. Hobson has filed a petition in voluntary
bankruptcy United States District Court and the
matter was yesterday referred Register Allen of No
1872 Broadway. The insovent schedule was detective
however and must be corrected before the petitioner
can be adjudged bankrupt
Several Of Otto Huster's creditors having petitioned
the United States District Court Judge Blatchford to
throw him into bankruptcy the petition was yester-
day granted and order Of reference forwarded to
Register Allen.
The first meeting of the creditors of Stephen A.
Wood was held yesterday AT the office OF Register
Williams No. Warren street Nine debts were
proven aggregating about SIS, 900, OF which the fol-
lowing were the largest Collins. Downing & Co.,
s4,O33; Emily L. Wood, $40 7l5; Thomas steers,
SIS, 664 and Joseph +. Waring. Sl,547. MT William G
Heath of No. 47S Broadway, was elected assignee
The examination the matter of the claim OF
Messrs. Griffin h Hoffman, of Baltimore, against the
estate of II. T. Helmbod tor $ll 900, is now in prog
before Register John Fitch OF No. $40 Broadway.
j. f. Porter, paper manufacturer of Duane street,
whose financial difficulties were alluded TO IN yester
davis HERALD has been trouble for about two years.
He purchased paper mill IN Marion, Pa, in 1870,
which, proving to be bad investment Is the princ
pal cause OF his failure Two years ago his debts
amounted to about 500, 600, but since that time, by
careful economy, he has succeeded in reducing them
less than $50 900, at which figure they now stand
His assets are little more than the amount that the
machinery the mill before mentioned will realize.
Mr. Porter is highly esteemed by the paper trade, and
meets with much sympathy in his mislortunes.
NJ Il. Shrier Isaac Posner, Q. A. Corson and Frank
Shrer have filed petition IN bankruptcy against John
Taylor dealer in fancy goods at No. 35o Eighth avenue
Their claims amount to 81, 500.
The firm of Van Dyke Downs sewing machine
cabinet makers, corner OF First avenue and Thirty
second street. gone into bankruptcy The copart-
nershIp liabilities amount TO $4,000; the liabilities OF
William W. Downs S32, 600, and Thomas Van
Christopher Pullman time ago. amount to $l3, 25O
The following the principal creditors:-National
Butchers and Drovers' Bank, Sl3,SOO; jacob Feisch-
auer so 442 james Van Dyke, So 900; East River Ma
tional Bank So 600; Charles j. Glover $500 There
are sixtyone creditors, thlryone of whom are work.
men, whose claims are $500
John l.. Hobson of the late firm of Hodskin, RAM
dali & Hobson brokers' No IA Broad street. has gone
into bankruptcy with liabilities amounting TO over
$4,000, which dist ibuted among eleven cred
tors. The largest credits' is the firm OF Duncan,
sherman & Co. whose claim for advances on mer.
chandlse to sos 99S Among the creditors are
George G. Hobson So, 200; +. Satterthwae, 81, 300
Moss Brothers. Nathan Rogers, J. H. Barker, Otis
Anderson r. II. Schulz, j. Lynch and nine other cred
itors of Alexander Guthman, broker. of No. 1908
Broadway, whose claims aggregate SIS 0O0 petitioned
to have him adiudged bankrupt, which has been or
dcred by Register Ketchum, and the first meeting OF
the creditors will be held April 49, at No 129 Fulton
street.