The New York herald., 1877-09-11
FRANK LESLIE'S AFFAIRS.
THE BUSINESS UNINTERRUPTED, CREDITORS
LENIENT AND HOPES OF SPEEDY SETTLE

THE BUSINESS UNINTERRurTED, CREDITORS
LENIENr AND HOPES OF SPEEDY SETTLE.
MENT
The business Of Frank Lcslies publication house
was usual yesterday by the assignee Mt
Isaac W. England, and tho employees paid the
amounts duo them. Many OF the creditors called dur
Ing the day and expressed their sympathy for Mr.
Leslie in mis- trouble. and their willingness to extend
him any favor in the way OF settlement by
sion OF time or compromise. The accountants
occupied oil day in making up the accounts with the
hope Of completing statement for the creditors bur
O'Clock II still unfinished The rough state
ment prepared for the assignee gives the total ablt
ties $500 600; but the have yet been
yentored. The bulk Of the indebtedness is in
promissory notes. II was the custom OF
the house 20 buy four months credit
The FIRST intmaton tho creditors had Of the failure
was on Friday. when a check tor $500 returned
to W. j. Bryan Co., paper dealers, of Duane street,
IRON the bank Notes for large amount fell due tho
latter part OF the past week. ana parties upon wnom
Mr. Leslie relied TO obtain money to meet them did
respond, and the consequences was they went 10
protest There nothing owing To the banks aud assu-,
Is given the creditors that there chattcl
cages on any oil the presses or other property.
Several creditors very anxious to know II there
were any preferred creditors but they emphai-
caly informed that there were not Probably the
largest creditor is the firm Of Rice, Kendall Il
Governor Rice IS a partner the amount be
ing the neghDorhood of $4,000, Among
following :Perkins Goodwin, about $40, 900; Wilkinson
Brothers, about 50, 200; W. J. Bryan, $4,000 In
aud check, and Mr.. II. Parsons Co. IL Is expected
that meeting OF the creditors will be held Tomorrow.
when tho statement Of the assets aud liabilities will be
presented for their action Mr. England stated yester
day that he had teegraphed TO Mr. Leslie, at Saratoga,
asking when II would DO convenient to meet his
creditors, but he had up TO that Time received no
answer. There hitytwo creditors IN all IL is the
expectation OF the house that affairs VIII be satIs
aetory settled in very short time, and the business
viii be continued by Mr. Leslie. Creditors said yester
duy that they were wiling that II should be thus
continued, they would be In far better
position TO receive their claims than If IT, Was
otherwise disposed o. All the periodicals. II Is
said will bo kept up, but some OF the outside ventures
will be discontinued or consolidated with other publica
tons Mr. Hcnry Lcslio said yesterday that the pros
poets tor speedy settlement very good Assist
auce had been obtained but no assignment would have
bcon made II they had received aid In time. When
tho notes went 10 protest. TO protect all creditors,
well Mr. Frank Leslie 1t was deemed the bost course
TO make the assignment. as this would prevent any of
the creditors II they had boen disposed from stop
ping the work of publication by action OF the courts
He stated that there preferred creditors and he
thought the liabilities would be paid n full he had
every reason to believe that The profits arising from
increased sales alter tho summer had closed would be
su .cient take up the notes they fell due The
creators very lcnent and were eager TO see the
hoase placed Oh solid basis again. Concerning tho
real estate speculatons OF Mr. Leslie, lie said that
there mortgages Ut all ana that II not
cluded in the total amount o liabilities as II had been
ali paid for