The New York herald., 1877-10-23
BUSINESS TROUBLES.

GENERAL DURYEE's FAILURE-AssIGNMENT OF
FRANCIS ToMEs-PRoCEEDINGs IN BANK
AUPrCY.
The failure Of General ADram Duryee lumber dealer
at No 273 Cherry street, much discussed yester-
day IN the trade, and, although not unexpected
considerable OF y surprise. He was considered
wealthy, but during the past year he has done very
little business ana Kept but q small stock hand.
and when two small judgments were recently entered
against him he did not pay them. The main cause Of
his failure Is said TO te his Endorsements for his son,
who was formerly in partnership with him, but dis
solved in October. 1875 aud these swamped the es-
tate His liabilities amount to sos 000 nearly all OF
which Is Endorsements, there being very few mcr-
chandse debts Among tho creditors are II. W. sage
Co., Schuyler l. Son and the First National Bank OF
stamford. The Chatham National Bank Is q secured
creditor sSsur.t for ooo and W Merriam aGa
Msssrs TsoSss ssaver tho attorneys saa@su
OF the liabilities and assets, to be presented
creditors and they state tnal Mr. Duryce will prob.
ably be IN u position 10 offer proposition his cred
itors for settlement short lime, and the amount
~i DO less than twenty live cents on tho dollar From
Information obtained IRON them IL appears that Mr..
Duryee owns the house IN which he resides, AZ No
East fhrtyeIghh street, and tho large stable the
corner OF Ihiry-eghth street and Fih avenue known
as Dckeps Riding Academy. Tho house was consd-
cred worth 100000 and the stable was valued at
5OO0 but they mortgagct ior over $40 000 and
would scarcely reaize anything above the mortgages
u disposed OF now. The Chatham National Bank aud
Mr. Merriam hold mortgages on the real estate HIS
stock IN the lumber business is valued ut loss than
$5OU, AMI his entire assets are considered nominal
Tho failure OF FraucIs Tones, Importer, NJ No. o
Maiden lane, was announced yesterday, and caused
great surprise, II being very sudden anu unexpected
Later III the Gay he made assignment TO Noble
Heath, Jr Tor the Denent Vt his creditors. Mr. Tones
was heavily interested In real estate and the enor
nous depreciation IN H. together with the shrinkage
III value Of his STOCK In trade the main for
his suspension His Liabilities very large but The
exact amount Is unknown and depend largely upon
the condition OF his real estate his business debts
amount to about $75. .000 manly held by merchants
this city, but there are lew European creditors, their
claims not being very large Nj. 4. II. Vernon, the
counsel Tor the assgnce SAID yesterday that the stock
aud book accounts "sfe nominay valued at 900,
but he did not believe hey would realize over $35 600
His real estate consisted OF the large building
No. Maiden lane and number OF houses
and lots up town. They are all heavily mortgaged and
1t is thought they win not bring any amount aooyo
the mortgages. complete statement OF the assets
and Liabilities Is In course oil preparation and will be
submitted TO the Creditors IN a tew days, when IL
cxpectei that an oier Tor compromise will be made
meeting OF the creditors OF George ). Sbortridgo
Co., wholesale clothing manufacturers, at No 329
Broadway was held yesterday at the Office OF Regis
trar Fitcn, and proposition Tor compromise
submitted the terms being forty cents on tho dollar,
payable IN three, SIX nine and tweve months. A
siao'i7o 10; real assets. SO, 4oi Ss CLAIMS were
proved by the following credtors:-Golng Grew,
$3,452 40; n. Souhwick, S225 20: Goodwin, Smith &
Co, s2,9Il "a; W. II. Gelsheiner, Sls9s 20, Corners,
stanton Co, $74l 10; p. A. paiy Co., $6o3 81; A.
b. Defrccc, 1882 40; James A. Ross $40 No con-
cluslon was arrived at and pending the examination
oil the bankrupts, tho meeting was adjourned
meeting OF tho creditors OF Philip Stiner, tea
dealer, at No AZ Vcscy street, held yesterday at
the Office oi Register Little to elect an assignee ia
bankruptcy and to prove their debts. The claims OF
twenyone creditors were proved, as toIlows:-isaac
Sommers $3.50 49, Isaac SonnonUcrg, 81, 035i j. H.
seymour Co, $l,s7l "A; A. II. kliott, 1905
John Long, S7ll 10; Alfred Thompson, $500 10 John
ID. Phyne. 81, lao 10; James Wilson Co. $eOl 70;
James Ragle $2s4 OF; \. w. jenkins q Brother,
$247 SO; j. N. Lltteli IL Co., $4G6 so; II. Hildberg
hauser, $l57 40; Y. y. Jeremiah, $4s9 43 Thurber
Co., $l03s AZ o. n Haymon 81, 500; W. NJ Cald.
well, $6SS 81 Enc Stlner, 1892 10; Penioid, Chat
field Co 1928 10; J. Aaron, $lO4; J. GIilett Co,
1899 l6 The schedules presented showed Liabilities,
$2o, ,S22 49, nominal assets, S67,479 III real assets
$6,Os6 81 W. s. Y. Boil the present assignee under
the State assignment, WAS elected assignee IN bank
ruptcy.
An assignment in favor OF their creditors has been
made by John ID. Joseph W. Bland, furniture deai-
ers, OF Myrtle avenue, Brooklyn.
In the County Clerks office there were filed yeser-
day the assignments Of Former Frances TO Noble
Heath, OF John Hendenreich to jacob Schmuck, anu
| Of William Camp 10 Albert b. Whyland