The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-15
BUSINESS TROUBLES.

ALLEGED IRREGULARrTIEs or MERcHANT-A
VANDERBILT In Observation-Disclosures or
cREDlTo1s.
clohers at No "a Reade street. and San Francisco,
which reported few days ago. TO DO much
more disastrous Than at first supposed IL now APP
pears that Indebtedness thus far asccrained
$500 900, and Is not known whether all the
yet There arc in this city 1925 Oc0 bills pay
able which mature In each Of the next four months;
SIT 500 for loaned them, and SIS 900 Tor
chandisc, while their assets here worth
than $4,000. In San Francisco their Indebtedness
amounts about $l25 O00, and their there
placed at $2000O0 Meyer Go. and tho Anglo-Amer.
lean Bank OF San Francisco are creditors for $4,000
each. The Hanover National Bank OF this city
puper to The amount Of $4,000 and William Heller
Co about $1,000 rho New York creditors have tel
cgraphed to lawyers In san Francisco pus the con-
Germ into bankruptcy the OF protect
ing all tho crcditora Attach ments have been issued
against the properly In this city and San Francisco by
Josephthal Brothers, IA. Herzog Co. Wallach Son
ana Haho 4 Stisglitz. II tho drm Is adjudcated N
bankruptcy these attachments become.vacatsd
4 SUSPICIOUS TRIP 70 EUROPE.
The worst part Of the failure il the suspicious trans.
actions Of Arthur A. Kline, the resident partner In
this city, who went Europe about nve weeks ego.
Just previous to his departure he obtained large
amount OF money In the way Of loans tho firm. Tho
exact sum is not known At present, butthe books Of
the firm show that he s indebted to tins firm 70 the
extent OF 100000 The speak IN the sever
OF his actions and say that he has rendered
himself liable 10 criminal prosecution. Mr.. Latter
bacn his counsel, said that rumors as
his irregular transactions he mad found that he
he hud assurance that Mr.. Kline would return mme-
diaeiy and clear up matera II ts said by creditors
wen. about obtaining ioaus in CONFIDENTIAL way and
obtained three letters Of credit, VIII he took
up The day after his ARRIVAL IN Europe They do not
think he Will return, and one OF them said THAT he
did be would have his person attached.
A meeting OF the creditors Of Bamberg Hin Co.,
held yesterday II the 81. Nicholas Hotel Forty.thres
firms were represented, among the number being The
Co..; 5. A. BesEman 1 Co, H. ). Maila viii William
schi ocder Brother. Mayer Klein, UnAon Bay state
Manufacturing Company, John thompson; Monroe =
Co, H. X White Co., Townsend, M0ntant 4 Co.
Novelty Hat Company, wimerding, hoguet 4 Co.,
aud Mr. Rosenbatt secretary. The roll call
showed ITO creditors. statement q the firm WAS
are accounts $S2 col o. and notes. S25 ooe 50 The
nominal assets are as foiows:- Merchandise balance,
81 49, 90 sssa s. Ii Of
1877, $59 7S2 10, making the total nominal assets
Sll5.l43 l5 The members OF the Arm wore interro-
accounts, stock and other mattera The firm offered
fortyve cents i've per cent cash, and the remainder
three, SIX nine and twelve month notes, the
be Endorsed The meeting concluded 70 accept the
offer.
A meeting Of the creditors Of James H. Falconer,
agent for the English arm OF Law Co., At No Al
William street, was held yesterday u the ofice Of
Register Dwight, and John h. Piatt was appointed
assignee bankruptcy Among the large creditors
Charles Green. So 800; Bank Of Liverpool $1G, 900;
Bank OF Montreal, $e, 655; Canadian Bank OF Com.
merce, $4,S50;-A Stuart 4 Co, $l4, 1888; Martin 4
Runyon, So, $50; A. A. Thomson Co, S. 9O. His
liabilities amount 70 about 100000 and hs
merely nominal
The application OF Franklin Allen, grandson OF the
late Commodore Vanderbilt for his discharge from
bankruptcy came before Register Little yesterday,
order Tor the creditors to show why his petit
ton should not be granted. Messrs. Sterling and
Walden appeared on behalf OF William Irving, one OF
the creditors TO oppose his discharge and usual
adjournment allowed
In the matter OF tho discharge or Mr. Schuman. Of
the bankrupt firm OF Jagel l. Schuman, bird cage
nufacturers, AZ No. 46 Cortandt street, spccihca-
tons hed by George Woolf Of creators,
In oppos lion his discharge