The New York herald., 1877-10-16
BUSINESS TROUBLES.

The tobacco trade was surprised yesterday by the
announcement OF the failure OF 5. 4. Thompson Co..
tobacco commission merchants, of No. "a Broad
street, The failure 10 the largest thai has occurred
this trade for several yoars The liabilities esti-
mated at form s2oo, 600 10 s25o0O0 The nrm to
this c,tv in 1875 from New Orleans where thsy
well known Al the time they opened In this city
they claimed 10 have capital OF 100000 They
transacted very large business until recently, when
there was great decline In the demand rhie together
with bad debts and shrnKage In values forced the rm
TO suspend. statement is being prepared for sub
mission to the creditors and Il IL expected that some
arrangement will bs effected BY which the nrm can
continue business. rhe creditors OF the rm sre prn
cpally in this city and In the West. Mr. Thompson
said Yesterday that he could give the amount
Of the liabilities, but would be able the
accounts were made up, which would be In a lew days
From his present Information he did not think they
would reach $26Q000 The assets consist mainly OF
'recamatons," /" 0ut he could place no estimate on
thelr value
Earle. cigar manufacturers, At Nos. Is and 20 As,or
place, was held yesterday at the Office o Register
whether trustee assignee In ban nkruptcy should
bo elected, and 1t finally decided that was best
that the estate should be wound up and settled aud
distribution made by trustee under the direction of
u committee OF creditors. Mr. James Havemoyer, OF
the arm Of Havemeyer vgeiius elected trustee,
and the following committee was chosen William
Egger OF William Eggert 4 Co Maurice Woodruff, OF
George ". Lane Co., and John F. pupke, afPupKs
Reed the latter represents the tea interest and the
iormor two the tobacco trade Claims amounting 10
$l44 46S 92 were proved, the following being the
principal credtors-W lam -gers Co., $S9, 3S8 92;
MIRA !,G. Bonnet, sl2,1ss SO; George v. Lane Co.,
x4.23S S5 +. V. Simmonds. $62l7 SO; Havemeyer
Vlscus, $7. 439 90; Pupko & Reed, So b54 o.
Register Dwight has received warrant IN involun.
tary bankruptcy against Max Rothsch'ld, Edmund
Heymnn aud Leonard 9. HYDE composing the lrm Of
Rothschhd X Heyman, joDbers OF dry goods, NO
81 Broadway, who have been adjudicaIed bank
rupts on the petition OF their creditors. Tue lrm
failed IN April, with liabilities amounting to Ss27 600
and real assets $4,000. The following ars the
principal CLAIMS ol the pettioLing crodiiors:-
William Ewart 4 Son. $26, 1858 20; Smith Taylor,
SOg75 10; Watson, Towniey Co., $3,55s u; Rlonard
lseiin Co., $2,40l 13; Fiold, Morris a. Fonner.
sl,s32 10; Emerson Rhodes 1882 49, George Riggs.
Si,S5s 80; II. B. Cluilin Co., 1851 10; Wright Bliss
a. Fabyau, $l,529 3S Register Dwight has called u
meeting OF The creditors Tor November TO prove
dcDts and elect an assignee Ia bankruptcy
Mr.. Francis Skddy, who was recently appointed re-
ccivcr OF tho New York and Virginia Steamship Com
pany, has small balance on hand but he cannot say
how soon the creditors will be paid dividend
In the County Cerk's Office there were filed yester-
day the assignments OF Charles Wihelms 70 Frcder-
lex Stcins and OF Moses Motsgcr 10 Leopold Halt