The New York herald., 1877-02-02
BANKRUPT FIRMS IN TROUBLE.

BANKRUPT FIRMS IN TROUBLE.
A case exhibiting feature OF mercantile duphcity
aud fragrant attempt at fraud. II tho circumstances
thus far developed true came up yesterday before
United States Commissioner Belts. Ethan l.. aud
George W. Snow, importers OF and dealers In galvan'
lied works at No. 206 Water street. in tins city, failed
In business In October last. IN the sum OF $l71Ooo
An oner oil compromise was submitted by them 10
their creditors al the rate OF forty cents on tho dollar
For time this offer held under consideration by
the creditors. who first disposed to accept It,
The Shows had been declared bankrupt aud their al
fairs IN tho OF an assignee. On scrutiny
OF the books, however the creditors claim that the
bankrupts had concealed nutiated and otherwise al-
sed their books, and refused 10 show their gcncrai
register book 1t alleged that the debtors drst
exhibit showed assets the amount OF $4,000 only;
that they subsequently, with Wow OF cnectng an nr-
rangemens with their creditors, surrepttousy added
making later exhibit OF assets OF $4,000 II
is also charged that they still conceal properly which
they should have included In their schedule with in-
toni TO deiraud their creditors The SHOWS were yes
tcrday on affidavit creditors brought up for ex-
animation before tho Commissioner A man named
Levi a foim mer partner OF Ethan L. Snow. swore that
during his business connections with tho elder snow
the latter several occasions proposed that they
should 90 INTO bankruptcy Levi also testified that
Snow the elder served term in the Pcntentiary on
charge OF receiving stolen goods On the conclusion Of
the examination Commissioner Belts held both SHOWS
III $lUUO0O bail, nxjng the amount with respect
to their liabilities, to appear on criminal
prosecution. that has been initiated by tho creditors III
Tie United States Court Counsel tor the accused ap-
pied 10 tho Commissioner Or rcd uctiun vi tho ball.
which applicaiion the Cominsso denied. The cuso
was then brought up from the Commissioners Court
TO the United States District CourtsJn habeas corpus
Tor reduction OF bail. The motion was argued ny MI
Biumcnstcl tor the debtors, who contcndcd that the
bail the allegations on the affidavit not
charging any offence but SIMPLY conc usions. Assist
unit District Attorney Foster resisted the motion on
the part OF the United States and Mr. Sewcll on the
part OF tue creditors Judge Batchiord, after areu
meat fixed the bail in $40 0UO each The bull has not
yet been furnished
Another case OF alleged bankruptcy somewhat sim.
lar to preceding. also yesterday the subject
OF judicial invest gation. Gilbert hamburger and
Simon N. Cans, formerly dry goods merchants ut No.
the aidavi,s OF certain o their creditors charging
them with fraudulent bankruptcy. Tho parties were
arrested aud brought INTO court by Deputy Marshal
Uubert The present prosecution Is IN point ot iact
renewal Of action taken against thc uc-
cuscd by creditors OF the hrn other than
and Cans arrested last August they being then
bankrups charged with making aise exhDit VI ther
assets; they then admitted 10 bail pending hcso
taiions Tor q compromise The present proceedings
grow out OF tho same transactions the present COM
pia,nants alleging that BanburRer Cans had con-
spred to dcirauu their creditors, and that they arc
able 10 pay hundred cents on the dollar. Louis cans,
sou OF the accused, simon NJ. Cans. who was clerk
in the hrn 0f hamburger Cans ut and previous to
tho failure also arrested yesterday charged Win
perjury in connection with testimony gwen ny MN
before Register Allen to tho assets, liabilities aud
general OF tho concern. AT the close OF the
examination Commissioner Belts held each OF tho
three parties In $4,000 bail.