The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-30
THE METERS.

There was nothing particularly in the affairs Of
tho defunct nrm OF Meter l. Co. yesterday. Mr..
Edgar NJ. Johnson the Cincinnati lawyer, who has
IN the interest OF the fatncrs-n-law OF the
Meters spent part Of the day the Office. the
plex'on OF affairs found TO be dark, no said,
that it was not likely the gentlemen no represented
would be willing to do much They could not shoulder
TIE liabilities OF Meter l. Co., he said, without
shouderiug themselves out OF existence. When tho
exact condition o, tho rms affairs is ascertained Mr.
Vol and Mr.. Elsas may DO willing TO mako some Offer
OF a compromise; but Nj. johnson says he cannot
ndvisc them to o0ar any considerable percentage OF
the losses About $500. 0oo he thinks, will cover tho
entire amount of deficiency. No creditors
thus lar asccrtained there will be found 500, OOu
unaccouncd Tor This amount Is probably distributed
III aar on % albeit ,ss r
in this city mas rehYpothecatcd securities to tho
amount Of sl2.ooo00o Mas reiterated yesterday and
friends OF the Meters minated that they could name
the house, saying was one which has had transact
lions with tue Meters.
Mr. johnson SAID he was not aware that Gabriel Net
ter was back Ia New York or was coming back. As
Tor himself he would make up mis- nina how to
advise his clients before Monday. Their he VIII deter.
mine. perhaps a meeting of the creditors may toll
low, though he dd not think any great Inducements
would be offered TO them.
ALBERT METER OK THE CIVILIZATION OF
MARGINS = GOING TO EUROPE.
Mr.. Albert Meter OF the insovent firm Of Meter 4
Co., was interviewed in CINCINNATI by a reporter oil
the Enquirer Of that city He found Mr.. Meter sur
rounded by his iather-in-!aw and number OF sympa-
thec friends. Ho IS lnc.ookng young man,
about thirty or thrtylvc years old, apparently, and
little given emboapoia. His business troubles did
not seem to Cypress HIM much, though, being
OF the word, ho able, perhaps, Ia
conceal them better than many would have
done IN similar circumstances. He received our
representative with graceful courtesy ana SAID
"Weli what do yon wish 10 know particularly" y
should iiSc to Know anything that you would thinI.
would correct any errors that may have been printed
about the iaiure." was the reply. Every wel then"
saiu Dir. Meter, II @iil say that II is customary
thing on Tho street 10 loan money securi-
ties ana then 10 reoorrow money the sccuri-
ties. II Is simply question OF interest One nrm in
New York has To-day Sl2 600 900 borrowed on JUST
such 1t got Tho money loaned
them aud IL turn rcbolrowed money on them from
In Insurance and trust companies You Sec banking busl-
IN New York is different from wnat II Is here.
there arc Inherent. still. iAere s nothing
wrong in the practice spoken Of " Is just
the The practice OF banks with money de-
posted with them. You pat 81 900 III SAVINGS bank
and you Six por cent Interest II. Well THO bank
DOESN'T put the money IN It's vaults 10 llc here dc.
IL reoans II to better advantage and so makes It's
give the depos,lor. There another thing you may
saw aud tnat is that, though We have lated, tho
money ONO does not belong to WIDOWS or Orphans,
but j. duo to Nali street sharks, who have gotten
every doIiar that We hail. and have corncreu Us until
We Were compelled 10 ,.sy down ana lun :.
response. 'OI course II is,p replied Mr Meter.
"Wny, the very men who are squoahng The ioudcst
put up corner on US In Northwest some time
ugo tnat cost US $4,000, aud we stood it like men.
They ran stock up 70 over 200 that never was worth
70, but had bought Tor customers who 'aid down
US, but We were well fixed u Tho time, and did nos
complain"
"Do your think your firm Will so into business
again IN New York ~ ASKED
al don u think WILL sad Mr Meter. II won't,
l know. intended 10 leave the Arm a. the emu or
the year, any how. shall stay until spring and
then think will 80 10 Europe tor year or two.'
care not nincentns Of tho firms do,ng business on
Wall rotten art ~ qucricd the inquistor,
to which tho reply was:-
.Uf course they There 10 hardly one Of them
that II squeezed viii not lay down aud quiz like
stccr.n