New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-02-09
BTSINEVS FNBiFRlSSNENTS.
SUSPENSION or DALE BROTHERS co. WIN LA
nuIriEs tsTiMATLD AT 81 O0OO0o-OrlTR "
Ns.9IAL TROUBLES.

SUSPENSION or DALE BRornFRs a CO. WIN LA
purriEs tsriMArID AT $1,000, O00-OrIrgR VI
Sa.G!AL TROUBLES.
The heaviest failure which has occurred FOR
some time announced yesterday In the siison OF
ia c Brothers & Co.. to heavy wooden manufacturers oi
Boston and NcwYork. The in has been In trouble for
some time past, hut having made great Efforts were en-
beh to st ugslc along until Tie present time They paid
All demands up saturday last, but ut the close of thai
day il wa. deemed advisable To suspend hrtAcr pay
u.rntA Several have combined to necessite the
failure The nrin hst lost large sum b. the Boston
fire; then the panic OF 1873 resulted IN great many
los-e. 10 the copartnershp Tae failure OF the mills
Gently has hastoncd the final difficulty and has
eliminated In causing the suspension. In the
absence OF adviccs from Boston, tho Representa-
ti,es OF the firm said that they could
not give any Diet s Tho liabilities would probably ag
eregaic al 100000 The nseets were sufficient t0 pas all
1.b7s provided they could be disposed OF advantage
on'y ,imcn OF the property adapted only to milling
purposes II tns could be sold al any hng Ike COST t
,.rrins would he LARGE The firm had lost largely by AL
yances to wooden manufacturers throughout New Eng
land sixtern factories cnns snod Their WOODEN y Dale
rthen IL Goa the firm being recognized as The largest
dealer, In red iannes thfoug hout the United STATES
The house isted Tor long time Prior to 1860 II
was known ms Johnson Sewtll Il Co. In 1860 It was
organized as Dale Brothers CO.. and has always been
considered rich aud honorable house. Tue New
EnganI head ters OF tho house were In Hosto me
New-Yofk warehouse was at Nos. 20 aud ~ Worth-st
MINOR FAILURES AND ASSIGNMENTS
Tho creditors OF Salmon Rose Co., jewellers. met yes
tsrday at tho onico OF John Fitch Register in Bank
ru tey ard elected II. &. Lockwood assignee The hrm
owe oOO and propose 20 cent giving their
un, cured notes Tor aud IL months.
Oliver j. M1nscll & Co., dealers In fancy goods NJ NO
50 Walarr-st, who suspended last month, have been
thrown into bankruptcy the petition OF SIX OI thelr
creditors. The liabilities OF the irin amount 10 about
y5J,OOO.
Iames H. Sherwood and Charles j. Van Name, grocers
at No 1924 Greenwch-st., have compromised WITH their
creditors aud resumed business. Their liabilities
amounted Ia about $4,000. and their assets were about
$4,000. The basis OF the compromise was 40 cents on
the dollar.
The proceedings for composition between Alexander
Stein furniture Manufacturer. at Nos. 81 10 lOi Attor-
ney-st aud his creditors have resulted In disagree
mcnt The proposition to settle ut p cents the
dollar. The liabilities Of Mr. Stein amount to ABOUT
$4,000.
IIoratio Reed. tho assignee Of A. =. Spauding Co..
provision dealers No. 3D. West Twenty nntlst, has
4, carod dividend Of 20 per cent The liabilities Of the
amount to Ss2,ssS IA nominal assets, Si92ll o7
actual assets, S36,435 5I
Assignments were filed yesterday with the County
Clerk by Henry Schabe and John Lerch, lr To Charles
H. Vogler; by John Jamison to william II. Hart and
by John H. Smith and Arthur ID. Ensign To Wm h. koome
The creditors Of Augustus w. Clemonts mot Yesterday
Office OF Register ketohnm In Fnltonst and Lc-
cepted first dividend Of five cent Claims u tAo ex
tent of $4,000 have beon proved.