The New York herald., 1877-11-18
LONG ISLAM RAILkOADING. 6.
CONRAD PoPPENHUsEN GOES INTO BANK

CONRAD poPpENHUsEN GOES INTO BANK
RUPTcY--HIs LIABILITIES So, 521 $50.
The attorneys Tor Conrad Poppenhusen, Messrs
Albeit 4 Fuller. 1ed a petition yesterday in tho
United States District Court, Brooklyn, to have Mr.
Poppen uscn adjudicaed bankrupt HIS ascertained
liabilities amount to S. 52l $3.50 so, and his assets
set down 81, ,s0s 3ss 49, In tho latter is included
5000, 900 in Of the Flushing North Shore and
Central Railroad Company. which were discounted ior
him by Drexel, Morgan Co. The pction sets
forth that the firm OF Drexel, Morgan Co., who hold
the securities OF the par value of $437S. 800, the
property OF tho petitioner for any claims they
or may have against him by reason Of the indorse
ment of notes. claim the right to transfer or sell out
such securities, which would result in great loss TO
the other creditors. and that the claim OF Drexe,
Morgan l. Co. can only be properly adjusted by an
assignee. Respecting the trn OF knoblauch y
IchtensteiD who hold securities 0 the par value ol
x425 $50 similar statement is made Sherf Reilly, of
New York and Snerin Rusnwood, OF Queens county,
have levied attachments IN actions against the peli-
oner by the Chatham National Bank and the National
Bank OF tue State OF New YORK. for the purpose as
the petitioner believes Of seeking 10 obtain preference
tor those creditors. Tue following are the assets:-
Dock properly in Long Island City. $2SI,509 90
Land AT College Point L. l....-.......... 600 Oo
Plot oil ground in Hamburg, Germany. 10000 90
Two plots oi ground In Hamburg, Ger
Nolcs made by the Long Island Railroad
Company aud other securities. s......... 26S2,5SS 3S
Com mpany ...................... 1o,5oo 90
&c s,724ooo 90
Wearing apparel, watch and chain and
three shirt STUDS s...................... 200 90
The suojoined is list OF the creditors Of the pet
toner:-
Drexel, Morgan Co.. % Wall street,
n .....................S1 s.. .214 900 90
THIRD National Bank, 20 Pine street. n Y. 22,4i7 90
Herman Wajen, Bremen, Germany. 100000 90
Marie Victor, Bremen, Germany. Unknown
Julie Achelis l22 Perrepont street, Brook
lyn. .........-.....'. yukhown
Theodore Hulterott Bremen Germany. Unknowa
Herman Watjeh. Bremen, Gcrmany....... Unknown
street. n. .................... 3ls, 600 90
Frederick Kong, Bonn, Gcrmany........ lao, 400 %
Commerz and Discount Bank, Hamburg
N. ..................... Al, 900 90
Charles A. Hoyt, Brooklyn, N. Y......... 800 90
Anderson l. Man, 81 Wall street, N. Y.... 800 90
DAVID W. Ropes, orange, N J........... 500 90
Abbott & Fuller, 229 Broadway, n. Y..... 8, 500 90
Alfred H. Poppcnhusen College Point, l.. |. 260 90
Herman q. Poppenhusen, College PoinL,L.l ZOO 90
Adoph G. Poppennusen, College Point /. |. 466,2S3 81
Herman Funke, as executor OF the estate
OF Henry Funke, deceased, College Point,
l. l........................ ......... 1900 90
street, n ......................... 5000 90
Chatham National Bank, 1876 Broadway,
n. ". .............. ............. 10000 90
street, N. f.......... H. $40 "a
National Bank OF tho State OF New YORK.
35 William street, N. .Y......,.......... $4,000 90
Chemical National Bank, 270 Broadway,
N. .......................... 10000 90
Pennsylvania Steel Co, Phlade phia, Pa. III S53 IS
Diamond state Iron Co.. II Broadway N. Y 1S 900 90
IL IS stated thut Mr. Poppcnhuscn has been unable
10 meet his obligations because Of the failure OF the
Long Island Railroad Company to puy their Tor
the floating debt which he had indQrscd His credi-
tors feel kindly toward him. but they not wiling
II Ii sLid. to grant him sufficient OF time
exirIcate him from his difficulties. His embarrass.
ments are due 10 the snrinkagc of values, general
business depression, and from carry ng large part
OF the bonded aud floating debts oil all the Long Island
railroads, nearly $4,000 0o0 aud from the falling of
the receipts OF these roads, Had sufficient limo
been gwen hm, 1t Is claimed by hts friends he would
have been enabled to pay all his debts, but they
that creditors, by legal proceedings, have forced him
to go into bankruptcy TO AVOID giving preference TO