The New York herald., 1876-08-20
IMPORTANT TO BUSINESS MEN.

A copartncrslp formed on the 26th OF January,
1862 between Isaac J. scIignan Charles NJ. May and
George lsaacs. under the arm name of Sclgmar, May
Il Isaacs for the purpose OF manufacturing and jobbing
youths boys and chdren's clothing, the copartncr-
ship continue three years and the capital
s:st Of $40 co., Of which sum seligman and May paid
tl5 600 each Mr. saacs $4,000 the PROFITS OF the
business TO be divided equally among the partners.
ruch partnership continue until the I'D OF January,
1874, when the dissolved by tue ARTICLES OF
dissolution the stock vi merchandise was 10 be divided
in SPECIE each partner taking one-lhlrd Of all moneys
collected received ly either larty, 10 be forthwith
deposited 10 the crcdi. oil the firm IN the Importers and
Traders National Bank the money to be applied In the
Grst place to the payment OF che nrn's debts ana a
cs the capital thereafter 10 be equalized The moneys
TO be divided between the partners In equal proper
lions II was iurthcr provided that tho books aud
papers OF the firm for the first four months should be
placed IN thc possession OF Scligman the next four
months to be gwen N charge Of Isaacs and the en-
suing four months 10 be placed In possession or Nay,
ma ,iat during all ihis perod each partner or his
authorized agent Should have tree to such books
lud papers At the end OF tho hrst four months Mr.
sclienan refused to deliver the books TO Mr. lsaacs,
ma hereupon suit was brought Ia tho Supreme Court
~ the latter against seeman and May tor injunc-
,on staying any further collections and for the ap-
continent OF reee'vda ,r 4n's "ppea,,on was
pointed by the Court referee 10 take test
mony IN The case. Both the compliant and answer
very voluInuous, nrst setting forth The Various
violations OF the articles OF dssuiuion and The answer
denying that MI the papers were put IN MI Se!gmans
ross.ssion great deal OF testimony was taken.
The nooks showed forced balance OF the oooks Tho
rcieroc found, Long other things, that >c!igman
wron.luly detained tho books OF The hrm IN bis pos.
session. that during the copartnership To the month OF
Sept, mbor 1872, tue defendants sold notes of III. urn
amounting TO sl9. 800 90 to note broker; thatth
dc.rudanls failed account FOR pay over 10 the
Irir from The proceeds of such notes ~ v9s N, iut
irauducuty appropriated the same to their own usc
that the purpose OF c0nccaing the fraud the de-
tenants caused false anu iorccd balance 10 DO
made N The mercnantise account TO ne amount OF
"a loe 80. being difference between the amount OF
notes SOLD ana the proceeds accounted Tor BY
the defendants sales and that III. Iaacs had
no knowledge OF such irauduient act or forced
halauce untIf after The commencement OF
the suit Hc further found that MIR sascs
was entitled be paid one-third Of the partner
ship moneys hand and such sums as may be
realized from uncolicc,cd assets; that he 10 also
titled 10 lJc paid 81 oG5 63 and 7terest FROM October
II. 1872 this being onctnird OF the amount Iraaau-
lcnty appropriated by the defendants as already
stated aud that thc plaintiff be paid his costs aud DIS
burscnents In the suit Tho report OF the referee
approved by Judge Donohuc and judgment ordered
accordingly
A SEVENTH REGIMLNr EXPULSION
In February, 1867, George Perault was elected a
member Of The Seventh regiment National Quad, aud