New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-09-10
4 WE1G-KNoWN PUBLISHERS FAILURE
sUsPENs on or FRANK LEsLE-TuE BUSINESS TO
BE CARRIED on BY THE ASSIGNEE.

sUsPrNs on or FRANK LEsLIE-TUE BUSINESS TO
BE CARRIED on BY THE ASSIGNEE.
Frank Leslie, the well-knOwn publisher OF
periodicals. has made assignment for the benefit or
creditors W. England, which dledon saiur-
dav with the unity Clerk. His schedules were not filed
with it, the law allowing HIM thirty days. and his as
scnee stll further time 10 file fun statement OF ms pc
cuniaTy Liabilities. 1t is claimed by his friends that'
though embarrassed his estate is ample to pay all his
debts His employees. about 800 in number were all
paid their wages on Saturday. involving an amount OF
about $4,000 and the business, 1t is announced VIII be
carried for the present by the assignee who mas hau
laIce experience in the publication OF pfrloac l,
few months ago. "a wealthy man. In the list OF pcrod
Gals published Dy MN are me Lagg Jg 1, r. H.
h,shacd Tunes The B0ys and GirlS' weekly TIE ChtH-
ucy Corner The Sunday hdQgsne ne L00BS Mdgo-nf'
The Popular Monthly. and ldie Hours, besides number
Of occasional publications. lie seems 10 nave nale az
effort take advantage of every opportunity To issue
tng"p amen vos No 5,z Pearlsf bur his business
ran over several buildings and new bu ding opo
site No. J37 Pcarst Is now being built; OF glnay m
tended for his The sudden action OF Mr. L'sile
ascrbed in part 10 shrnages IN values IN real estate ana
other species of property, part 70 the difficulty OF max
ing collections and in part 10 the falling OF in circulation
of his publications. Some OF these never nave PAM
a profit. Mr. Leslie in New-NOlk last week. nul
went away before his assignment became known, ana re-
turned to Saratoga His nephew, Alfred Leslie, was
,t 10 tSnnci,tt fberr gouid be no interruption Of
the business. and that the embarrassment was onS
temporaIv They had GOT through the hard times with
out suspension though they had been very lsnient 10
creditors and probably they would receive similar t
tun1s a. themselves s L. IAslie admitted that
Mr. Leslie was hard pressed i'r money, ute
said that this in great measure OWING 10 G
i'm the business aud IN machinery connected WIN H. Ou
lem of assets OF the hrIn was T3OOOOO worth Oh
Il 10 me had cost $40 900 lie believed the az
sets O. the firm alone would exceed It's liabilities "l"ou'
Mr.. Lese's real estate at Saratoga. - o,,,i,,
II was stated by a genueman having some ac4Hhunt
ance with the business that FOR some time had pen
embarrassed, too many Ventures-SOine very untiota
blc-having been und rtaScn. Throwing out tue -ooG
VIII OF the publications. lie believed tne concern n
been psOlvent for some time. lie thought thdt cTlu
management, p rhaps might bring the concern ouI 3I
It's difficulties Il a. said t1at statement OF tlc lIih
assets and liabilities would be gwen, perhaps lo-udy'
certainly at an early day.
1tVcr England. in very good circumstances us
original name not Leslie, but on coming 10 inns
country. about twenty five years ago. he ADOPTED as me
come know u as am engTaver He ~ Tied in Ehgl1nd'
and received with his wife small sum. winch was te
beginning IRON which lis iut1Ie fortune grew ms suD
sCquout Quar.cls with aud divorce from thtl VIC nave
been several times before the Courts. Recently M mar
ned the vic If T. G.. SquTes, TIE explorer III south anu
Central America, had obtained divorce IRON hcT
LCSiigS illustrated Paper, begun IN 1879, VITA
when bis name Is perhaps, most Cenrlaiy a,so-
bat los obtain extension from his creditors was t
abcQ e. continue his business. Since hen ne has ADDED
Rfgister Of he CCHshiiW LIpOsNOH' an enterprise
which, II s sand, D. involved ANA non Ohy jul loss n"t III
unpleasant relations tine subscrbcs. Od o. IL grew
Sut brought by him against lnc Itude llit managers
oil tho undertaking, recently published IN IHE lLLUNE
I'm winch charges that tuc present mana g,re nave
iile In fulfill iLcr promises t. their subscribe s., and
chat t4cy CHARGED tI, allure, In crcus GO i"' Gam
a-Iug his business greatly. Ilr LrSile's mouse ana
grounds Saratoga Lake, called uy hu " lnci1hcn'
there. Tney nave undoubtedly absorbed more money
thin III. Leslie expected.