The New York herald., 1877-09-09
BUSINESS TROUBLES.

FAILURE OF FRANK LEsLIE's PUBLISHING
HoCsE--THE PERIODICALS TO BE CONTINUED,
An assignment for the benefit OF his creditors was
made yesterday by Frank Leslie, tho vel known pub
Usher The liabilities are stated to DO 10 the vicinity
OF $500 00 and AS asscts OF course not available Tor
but small amount OF estimated value, there arc
large stock OF wood cuts, tho accumulation
of twenty years, and said TO 10 worth
81 600 900; tho machinery, presses, furntur, type
and the whole OF his large printing cstab-
shment estimated at $500 OO0 and as valuable prop.
ertcs his illustrated Newspaper. Popular Moathiy.
Caimn'y Coraey Illustrated TINES, Mustrie Zeitung,
Pleasant Hours. Lady's Journal, Sunday Krga.ine
aud several others, representing good deal Of money;
how much canno. be stated The Cnimney Corner
alone cleared In year $50. 900 net. There is bo.
sides lnterlaken," magnGccn, estate Of 900 acres
situated between Saratoga and Lonely lakes Tweed's
former residence, cornor Of Forty-lrst street
and Fifth avenue, where Mr. Leslie resides is
said not be owned by him. A detailed
statement o: the liabilities Will be made on
Monday and on Tuesday meeting of the creditors
Will be held at tho Astor House In the meantime Mr.
England, publisher Of the Sum- .bas by mu ual consent
been selected assignee and entered upon his Gut
at four O'Clock yesterday afternoon BY arrangement
no interruption oil tho business Will take place the
papers viii ali DO Issued regularly The employees
were paid IN iull as usual yesterday, the pay roll
being from $C,0OO 10 $1,000, salaries ranging
from 81 TO 500 per week, distributed among
some three hundred employees. Mr.. scipo Leslie, IN
charge OF the advertising department OF his ia,hcr's
house. said ast evcnin. that the failure arose from
tircc causes First, depreciation IN real estate
second, on account OF parties meeting notes Of
large amount which his father holds and, third,
account OF an unfortunate speculation IN connection
with the "Hstorlcal Register OF the CenicnnIa, pub
lished ny his father There hopes OF prom
beng made. Tins Sir. Ieslc's FIRST ial.
urc, hc having been business for
twenty-five yers, aud having mithsiood all
panics. Mr.. Leslie did not anticipate the failure, but
saw that busines very bad Tor some time. HIS
employees are SAID 10 sympath2c mach with him.
Nr. Leslie came IN from Saratoga on Tuesday, and
alter consul alton with his creditors left ngan
atoeu Yesterday afternoon. The American News Com
pany sald To be heavy creditors Hc Ia also said
10 have pre-, scd money Tor three years. Tue
everything his busipess Was done grand sc lie.
Adolph Kpster Jcns Sorenson, Henry koop aud
Charles Meyer composing the nrm OF kuscr u Co,
dealers In dry goods NJ No 30 E!shih avenue, have
fat led and been adjudiCutcd baDkfupts their
petition py Register Fca. Tho firms Liabilities
amount TO about $2l 0DJ, and ihei assets nrc
inally SloI o. OF which the stock valued at
sll s9l II, and there are debts to the amount
Of So Qj2 IS Jcus Sortnson, one of the partners,
owes individually S5.4sS 49, lie ovcrdrcw his
account with the firm to the extent OF x3,4SS IS and
he Philip f. Hong -, 900 on promissory notes.
Tho largest creditors Of the nrm are the iollowing:
Charles A. Kustcr, Sis 0j; II. b. Claim Co ,
So 1874 e4 ConncIl Amermau, 81, 800
A meeting OF the creditors of 81 J. Stclnbcrger' q
Sons Wholesale dealers millinery goods at No 500
Broadwoy, held yesterday ut the oice OF Register
litllc and the composition OF thirty-thr,e and one
third cents tue dollar confirmed, The labili-
ties OF the nrm amount To Sli4 900.