New-York tribune., 1877-03-07
TOtal ................'..'-........-

The following also given in the list of assets but
are marked dr. having 10 value
New.York and Weschester County Railroad Company 1872
NsS.York. Bostc1 and Montreal Railroad Company, l5i
Hudson suspeIsioh bridge and New.England Railway
Sew York Boston and Railroad Company stock,
600 shares ....,. . ooo 49,.
Mahopsc Land Company stock j0i shares. -. M
Newhgand Galore Water Elevator Company STOCK 98l
New e scland Iron Company stock, so shares.
Atwatcr Gold and silver Amslgamaor Company Of Chicago
Awater Csorc Water Elevator Company stock lo4 shares
AtVe1"r Pump Company stock ~ 3.Z Ssalsi slc hores
Lewis Cold 1nG INN &C. Dos and soI Iron CompaHy stock 100
Pnsroe American and European Tan Extracting Company,
CrOCn Lake Land Association stock 275 shares.
Twocnths interest contract made between the Frgate
70 m pt to Teyover @ certain Treasure sPpoc IL
gae for 40 per cent OF the amount
MR. HOYI's STATEMENT
Mr. Hoyt was found by TRIBUNE reporter last night
at the residence OF Mr. Mckinney, No 564 Fttnave.,
and they united in statement concerning thir failures
Mr. Hoyt and Mr.. Mckinney have not been in partner
ship but their business transactions have been almost
entirely made together that the bankruptcy OF the
one forced failure Of the other with the Liabilities in
both cases about the Mr. Hoyt said that the Sc
verify Of the times the enormous depreciation In the
yaue Of real estate and failure Of certain persons 10
make stipulated payments OF large sums, brought
Oh the crash TIE real condition OF the AFFAIRS OF
both himself and Mr. Mckinney he claimed
was by means so depl0raoie as repre-
serted in the above statement Of liabilities and
assets. Between $1,000 and $4,000 of the
81 10000 liabilities, he stated had already Deeh pro
Nd Il for IN Instances fully pad or IA co'IIo 70
IA. InbIy adjusted The CailG Of S1lOGS9 Oo Held Dy
schoEsheim & G"ldschmidt OF London was nhntr
8 contract guaranteed by HOyt Mcklnhey, ON pehai
O the NewY crk and Boston Railroad FOR money oaned
i," G MoNfr,l Ksroad Compan, and had been
n u a
seyerai millions Of dollars between Bischon helm
With the EeG-Ycrk, Boston, and Montreal Rail
road, in which Mesirs hoy' 10y r1 ydf MfA'hecS hecS
sc 70 have ther guarantee returned TO them Although
Ibtir debt had thus been paid III NIL 'ls conrHcl n3u
10 be Included outstanding deb under the 9ail M
ru,t .rocerGn-s. Another heavy cldiin-that Oi tie
NIs-York Loan aud Indemnity ColnIany lor nearly
g. OOO0O-Ni H0vt stated was manly iof in2ne! !u-
yanced 20 the NeWYOrk and Boston i!tilroal COhlany
LJ TIE New-Yurk Loan ana ln1e,hllty ConPssih! ph
b. nds Of tn company ndorsrd hy h'iDah ana III; .io
kinney. Arrangements were made by thth sop. tiie
chased the etcck Jf the N"w-fork Loan ara iEu, hiiN
Company upon the lcalLaOh OS Ai'I IRON t't
asses ol tLc cOu1dny o. sufficient money 10 h,Ae s"od
hi, own ,tock at 100 cents pol t "p hi :,
tuT hip Of tht cy advanced 10y lm III purchasing
and rnatGra were 10 be resurEcd tAein Cancelled;
Tas arrangement would have been ihiy c".Hcicu nau
not INC company been laced III the hands oI receive,
nm causiIg the publication OF this statement III the
liabilities. ,,.-,--, Do.z.,oa NJ uoyt said vos
or1pgIly tor II 900 for money borrowed Oi mn Dy
NJ ungi and Mr. Mckinney, AID loaned by them TO the
nv 1.c iy tSai company 10 them 81 ~ no D;1d-
n.s with Interest he lad pad Ar BerTligt TolOOo
1e. wing :. balance Ot sllIOoo' IoI WhSh M
=, rrjdge reconjy commenced snl and OBJ
t.in.T judgment, ard tier inabihtJ 10 pay
a." ,t once forced them iDio bankruptcy Tor
~ 80 oy,n and ther creditors protection Another ctss
~ c,'rrd obligations Mr Hoyt stated representing
Sbont $3.50 COO wasa balance due upon NOR sagS niYE
S%c.,cr;y Which cost nearly $l,OoOOoo ahd Nhich I'D
g.. ,tid for exceptinc these mQisatss me claim o..
H. ,Veinnen for ~ 900 nad been quidhted, except
80 500 600 which would be paid IN regular INSTALL
nJS. .,.,.. h.,,,,,, hao,, q sa,is,ao
Lese Claims Mr. Iloyt thohchi navng oeci ss,islac M M