The New York herald., 1876-02-02
BUSINESS EMBARRAssMENTs.

rumor, to the effect that the wine and spirit i'm
porting house Of Charles Bellows & Co., No Al Beaver
street. had iaied was circulated yesterday afternoon
ard occasoned considerable excitement in business
cles On inquiry Of the firm It was ascertained that
while the rumor was not wholly correct it neverthe-
less had some foundation in fact Mr. Charles Bellows,
the head Of the house that they had not failed
but that they had suspended temporarily The firms
paper had not gone 10 protest but the firm had asked
that II De held back few days II the worst came TO
the worst the firm had than sufficient assets TO
cover liabilities but exactly what the liabilities we're
Mr. Bellows declined TO state The following circular
has been issued and in pursuance OF the call therein
made meeting will be held this afternoon, at which
a full statement Of the condition Of the nrms affairs
viii be made.
NEw YoRK Jan. 81 1876
DEAR snyery unexpectedly we snd j. neediq 70 have tho
10 The present and future business and financial
VII You do the favor to meet US Wednesday February
. at the rooms Wine and Spirit Traders Society, No
l20 Pearl street. at two 0ecff CHARLES fBSBLLo5Ws CO.
The trouble Mr. Bellows said, was attributable, he
thought TO the misforunes Of other houses and the
dulness OF the market He could not say positively
whether the firm had been robbed TO any extent or
not. They had some time ago received an anonymous
communication stating that they were being sys-
tematcay robbed but unable as yet to say any
thing about it.
The firm Of Charles Bellows & Co. has been in ex-
twenty eight years and is the successor OF one
OF very first houses established in this country
circular was received this city yesterday from
G. Levy, of New Orleans of the largest jewellers in
the South, announcing his suspension and requesting
that his creditors in New York select one to rep
resent their interests, two Of his creditors In New
Orleans had obtained judgments against hm for
$4,000 meeting OF creditors in this city was held
yesterday to protect their interests Among the largest
creditors in this city Smith & Hedges Arthur
Rumrill Vellows & Co., Gorham Manufacturing Com
psny Taylor omstead Taylor; Alden Watch Com
pany, American Clock Company G. x S. Owens, Hall,
PoIdSvin sevtonn g. Pe,erson There are INV
eight creditors in this city and nearly all
the prominent manufacturers are sufferers His
liabilities in this city alone estimated at nearly
$500 600 He had unlimited credit and he purchased
for the fall trade jewelry from manufacturers in this
city To- the amount Of $l20,O00 AT the meeting OF
creditors committee appointed to employ counsel
and take such measures they may deem necessary
The manufacturers are determined, If there is any
fraud In the failure, 10 prosecute Mr. Levy to the iul
extent Of the law.
Warehan NJ Qumby iewelry at No 196 Broadway,
has gone bankruptcy. His Liabilities amount TO
about $780, 600 The consist Of notes, book
counts and stock valued at S25 0oO Among the prin
SiI s55 As: NJ T. ouim6y.' Sc 600: Eigin National
Watch Company S. 922 6l; New York Watch Com
pany, So O75 81; H. A. & G. NJ Cluch, 81 l43 OF: VIII
lam Smith Co, $4,000 A. Wallcck Co, s., l62 20;
j. W. Robertson, 81 043; Springfield Watch Company,
81 GAS ~. There lib creditors IN all. Keg1Stcr
Witch, OF No 345 Broadway, has charge of the pro
ceedngs.
fus & Keller wholesale jewellers at No. "a John street,
held the of the Jewellers Association, No. L
Bond street. report of the firm was submitted show
ing their liabilities to be about Sll50 0O0 AS their as
sets largely exceeded this the firm asked an ex--
tension of thirteen months to pay IN iul which was
granted.
The application for discharge in bankruptcy by
David G. Wilson, trunk hardware, at No 172 William
street. was before Register Witch yesterday Notices
| ofa ad nv l..
4 Windmuller and by the assignee representing the
other creditors The bankrupt offers TO show that the
thIrd OF the total amount OF debts proven, and this
fact being established he claims discharge, having
paid required percentage The examination OF the
bankrupt will take place to-day
The firm Of Jonas Isaacs, which has been in bank
yesterday before Register Ketchum at No 100 Fulton
street The State Bank OF Hartford filed notice OF
appearance oppose the discharge and the usual me
was given TO put in their specifications
The creditors OF Messrs Graves Il Pier held meet
ing the Office of Register Dayton, No 322 Broadway,
yesterday, and chose Mr. W. j. Trmbe, of 322 Broad
way as assignee. The following claims were proven
Sylvester Pier, 81, 900 So Wets x Co, 81, 333 30;
Emily NJ. Hughes 1857 80; American Tube Works,
The following insolvent schedules have been ned:--
Edward Herbert; liabilities, $s,sd9 2S; nominal as
sets, so72; actual assets, $1T2
Leon Haraux and Fernand oppenheim; liabilities,
s5O7 76 nominal assets 3l4 81 actual assets S7Oo
The Mutual Benefit Savings Bank, which Is now in
the hands OF receiver, began yesterday to pay divt-
dend twenty-five cents the dollar TO depostors.
tunate persons appeared TO draw the amount men
toned. This will be continued until all the depositors
have been paid the designated moiety.
IL rumored yesterday that the National
Burglary Insurance Company had failed but a.
HERALD reporter ascertained that the report was
without foundation. The rumor probably origin
ated from the fact that the company had
expressed the intention Of reorganlzing The original
organization was effected under a special charter.
which did not reqnire them to make any deposit with
the state superintendent OF Insurance. Whcn they
desired 10 their business they found they could
not operate other States without first making such
deposit, and, that they may be the same footing
throughout the entire country. they propose reorgan
izng doing business future under the general law