New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-15
RI1sINFsS NEUTRALITY-SUSPICIOUS..
FAILURE OF DICKINSON 4 CO.. BROKERs-oTHf
BANKRUPTCY PROCEEDINGS

FAILURE OF DICKINSON co., BROKERs-OIHEH
BANKRUPTCY PROCEEDINGS.
Much surprise was created in Wall-st yes
day by the announcement early the day of the failure
and assignment of Dickinson Co., stock brokers, Of
Exchange place and Broadst The firm, conscious OF
their inability 70 meet their engagements, notified the
fact 10 the presiding officer of the Stock Exchange The
letter was read from the rOsrum OF the Exchange, and
presently about shares OF the active stocks such as
Lake Shore Western Union, and Union Pacific, were
bought in for their account by several brokers with
whom they had contracts. Thirteen hundred shares
OF Missouri Pacific sold out, this being
about the only stock Of which they were "long" The
firm had been "bears" for tmc not only in this but
in the San Francisco stock market II was generally
understood that they short of 1000 shares OF Con
solidated Virginia Mining stock which they sold soon
after the fire at low figures The advance in the price
materially crippled them Several OF their contracts
were settled privately that the purchases and saee
under the rule do represent all the transactions FOR
their account The firm consists Of Plat X. Dickinson
and Howard c. Dickinson sons of j b. Dickinson who
died last year. leaving 1t reported over 81 100000
The succeeded stout Dickinson and was regarded
al the Stock Exchange as strong. IN assignment has
been made Franklin H. Carter. The assets and hall-
ties are not yet known.
OF No 81 Nassau-st, is announced, with liabilities at
$4,000.
ut No RecOT-st attempting 20 effect compromise
The Liabilities amounted to S2l ~ ana .f as
the CREDITORS with the exception Of few representing
$50 900, have agreed to "a compromise. The conditions
offered the firm as follows: % per cent to paper with
Endorsement 80 per cent to aI or with two ind2,
ments and f5 cent TO three Inducements The firm
Is willing ~ accept these terms provided all the ccdiios
unite.
The finn Of Cuthbert, Ross Cook, wholesale liquor
dealers No. 80 Burlng slip which made an assign
ment tO smith T. Baker have succeeded in making an
arrangement with their creditors. Their liabilities
amounted 10 Sl1s5S5 20, and their real assets were
SGOO 600 The assignee collected over $4,000 OF the
assets and the firm offered TO compromise AZ 40 cents on
the dollar which offer has been accepted by the cred
itOrs.
A meeting Of creditors Of Cohen, Salmon Freibourg
was held Yesterday before Henry Wilder Allen, Register
iu bankruptcy, at No. 1872 Broadway The finn offers 80
cents on tie dollar but the creditors not satisfied
with IT, and are taking testimony as 10 the actual
amount of assets The nominal assets SOP S2f 50
the real assets are $134o37 81 and tine liabilities are
S2735l0 II. 80
Schedules were fled yesterday In the Court OF Common
Pleas by Henry Schroeder and Diedrck P0tberg, who
have made an insOvcnt assessment stating their hab
dies Ss,546 A. and their assets AT $500. August
lick states his liabilities at S3,S7l and hs assets at
$500. The schedule OF Giraud Ellsworth and George
stsndinger, fled by their assignee states Their liabilities
,7O6 49, and their assets at II 1876 bl An assign
for the benefit Of creditors was filed yesterday IN
tie County Clerks Office by Henry A. Moore to Gersham
H. Smith.