The New York herald., 1877-12-28
THE METERS.
NEW LIGHTS on OLD TRANSACTIONS OF THE

| NEW LIGHTS ON OLD TRANSACTIONS OF THE
BANKRUPT FIRM-THEIR ASSIGNMENTS.
The failure OF Meter Brothers continued to attract
considerable notice yesterday. The loss. " was found
will be larger than ~ 1rst supposed the hgures
being placed between S250.000 and $4,000 m
elusive OF losses by speculation AS nearly as could
be Dulk Of this deficiency Will tall upon
about dozen prominent bankers and brokers. alter
dcductng something over 100000 advanced BY the
fatnern-aw OF one OF the Meters Both brothers
owned houses up town; ono in Forty-seventh, the
other Fifty -nrst street. There was single mort
gage on each, bul above these still remains an equity
OF about so 900 Their personal oiecls,
such furniture, paintings &C. arc said TO have been
OF very great value and much OF these, having been
gwen TO their waves as presents, cannot be regarded
assets.
Amoug the losers mentioned yesterday we're Messrs.
Kuhn Loco Co.. who said to have lost So, 900;
Mossrs. Davis Il Freeman, $4,000 Matthew Mor-
gan's sons, Tor principal III New Orleans, lost
$4,000 IN This way:-rhoy borrowed from Meter
Brothers forty $1,000 Louisiana consois $4,000,
on which Meter Bro.ners russa $50, ooJ and which
they redeem al u loss Of the diaereuce Messrs. q.
g. Haven Co. SAID TO have lost 1000 on de-
post United States bonds held by Meter Brothcrs
us collateral Tor loan OF nearly 100000 Messrs.
NJ. L. IL. Ciarkson's loss IS SOL down al 81. 900.
Messrs. kimmeys Cox lose about 81 900 ana Messrs
Drexcl, Morgan 90. lew nundrca dollars trSns-
actions IN goiu
AN ATTACHMENT ISSUED.
Messrs, u. q. Haven Co. served an attachment on
the assignee yesterday wth view TO seizinS what
ever may uund, but there nothing left ~ sciz..
Judge Dittenhocier received a duspatch IRON Cin-
cinna Yesterday to that relative or The Net
iers-presuniaUy Mr. WoiI a iatncr-in-iuw o one oi
thcul.-was coming 10 Try and bring order OUT of
tho present chaotic condition oi affairs.
Ii was understood that nearly al the firms whose
SECURITIES had been have redeemed them, and the
lu list OF losses viii be ready mn lew days
One transaction Is mentioned IN illustration OF the
way which tno Meters did business. Mr. H. sweet
borrowed OF them 500 600 some United states nvcs
OF 1881 These thcy took TO The American Exchange
Bank ana pledged tor $02, 2j0 Five days ago tHey
called at mo bank win tne same number u w nve-
securities. Tne loan clerk AZ the bank examined the
new lot Of bonus, and hnding that The January
coupons had been cut oil would not allow tnn transfer
oi Inc securities TO be made By this means the bunk
escaped loss
INC Stock Exchange has taken action yet, on tho
failure The Law Committee mas charge ot the matter,
and Is seeking advice before recomme nd my stops
by the Exchange. IL said that some OF the firms
have lost by selling the colaierais deposited with
them, and bong nov obilged 70 buy them 70 denver
them To tho rightui owners. The nrm held scarcely
any deposits Tho amount Of loss ~ this way not ex-
coeding GOO.
On Thursday last Meter Co., at five minutes to
ten O'Clock A. NJ, lied III tho kcgslor's oicc gen
eral assignment julius Wehl the bencnt oi tner
creditors under ain conditions as 10 the dstrbu-
on OF their assets in case they prove Insufficient to
meet leRitnnte claims @E
The ueeu was recorded at the request OF Mr.. Wehl,
asked Nr Savage the Deputy Register, TO give u
precedence oil other papers which were handed IN be-
lore II the morning Ut tho 26.h. This being
unusual request and the hour being early quartcr 10
ten) the Deputy Register complied with the request
court elsewhere, IN hurry, IT is usual on re-
quest to give them precedence. IL Is now supposed
mat in The present case the object was to conceal the
execution OF the assignment Ihe assignment was dc.
Averea 10 the assignee the same day.