The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-09-29
BUSINESS TROUBLES.

Ponvcrt Co., sugar importers, at No. IS South
street, have prepared statement OF their anairs, 10
which thor liabilities arc gwen AT 1922 900 aud heiI
500, 900. The assets composed principa
OF real estate, and there is In addition book accounts
and investments In stocks and bonds Tho real estate
Is located In the best portions OF the city and vau
able; they four stores in vesey and Washington
Streets houses in Thirty first street, between Broad
way and Fifth avenue. stables in Twenty ninth and
Forty.6rst streets twenty lots the Boulevard be-
sides other property scattered parts OF the
city. Mr.. John E. Alexandra, tho assignee. thinks
they have placed the valuation Of their real estate
low Tor instance the house No. l5 West Thirty1rs
street, in which they reside is valued by the arm At
$50 900, while others estimate II al from $4,000 TO
$50 their stores on vesoy and Washington Streets
which there is a mortgage of $4,000, bring
annual rental of $4,000; these the drm value at
500 600 whio the assgnee's valuation from
$500 900 10 $3.50 600 The principal creditors are 10
France Cuoa, only few being this city, and IL
Is the opinion that eventually Tho creditors will bs
pAia IN full
nett, John W. scnenck aud James A. Earle,
posing The lrm OF Bonnet, schenck Earle cigar
manuiacturcrs AZ Nos Is and 20 Aston place. No. Al
last Tenth street aud Nos 90 aud 7l6 East Ninth
street, oankrupts on taeir own petition Tine aggre.
gate liabilities, Dolh coparluersh:p and Individual
amount 10 about 500 Ooo. rho nrm liabilities are
$50 900. Mr.. Bennett and Mr.. Scnenck tndivld.
ually $50 600 each Maria loans OF money
and Mr. Earle indebted individually to Albert N. Day
for S. settlement OF partnership accounts vi the
late nrm Of Day Earle he nrm liabilities are dis
trbuted among yeight creditors OF which the toll.
loving are the principal ones:Wi!iiam Esxert Co.,
sas 1856 92 Marta Bennett sl2 1913 3s George w. Lane
meyer & vgeus, 81 loi 50; May A. Schsnck,
S74o9 co. Pupke & Reid, 49, 54 90. The nrm have
numoer OF prouissory notes outstanding amounting
To $lls7 93 Tho value OF the assets Is estimated at
$40 900 and consist manly OF book accounts ana
Is 4s ss aad tho stock is estimated At sol $50 "a
Lewis samuels, Wholesale butcher IN East Forty.
fourth street, neal Frat avenue, whose failure was
caused by the suspension OF his brothers, Lehman AMI
Lew Samuels, beet exporters. Will probably sGcet
settlement with his Creditors on basis OF twenty-five
the dollar His Liabilities VIII not exceed
500 000 while real value Of his assets Is placed at
about S25, 900.
statement of the affairs OF Lather Brothers. fruit
dealers at No. Isl Washington street, has been pre-
pared creditors which gives their liabilities
at 81, las, and the net assets, $4,000
The failure OF Norman +. Howe, grain commission
merchant No. 81 Pearl street, - reported with Ia
biiilies amounting from $4,000 TO $4,000 Mr. Howe
declined say anything Whatever relation to nia
affairs. Three judgments have been entered against
him So lse 90 in favor OF Cornenus rnompsoa ana
Jonn Bradt, Survivors OF the nrm of Z. Thomas Il Co
Peasce L Co., advertising agents. at No. Bee4n,au
street are reported tailed, wh liabilities amounting
circular TO their creditors, ineosng form OF release
KING hem to sgu H. but very lew have done 20.
OF No. $40 West rwentythird street, was held yeser
day Office OF Register Fitch, TO provo Chains
ana choose III assignee in bankruptcy. Mrs. Murphy
trustee oil the Manhattan Packing Mauuiac uring
Company aId was extensively Interested In various
ines, IN when she lost large OF money She
pad $4,000 Tor mining property 10 Ctan, which -
now held by William A. Sherman, OF salt Lake CITY,
who the property anu also certain notes which
she cave IN part pay ment Tue liabilities nominaily
$40 oOo but oil this amount only three cred
iors proved claims yesterday, as ioliows:--MaTths
White, oil Portland Conn, S+,2 100; DR. Nackcller, OF
West Brighton $l,1l3 81; Harriet N. Case of Brook.
yu 5000 Mr Frederick J. Stone, OF No. 81 Liberty
street, elected assignee In bankruptcy, and II Is
expected that legal will be Immediately resorted
compel various parties who have possess
SION books and assets TO deliver them up 10 tho
assigned
Helmoolds paror pharmacy at the corner OF Seven
teenn street Union square, was closed yesterday
the surprise OF the public wac pass by every day.
The concern, which run nder the style o. tho H.
T. Helmbod Manufacturing Company, was lifted up
deliberately about LIST Of July, but nearly everything
ia H. ncluding fixtures aud stock, were obtained
The Itself was secured AZ ayeary rem
tai OF So 900, but rent pad ana there - duo
81 30 the three months IN winch thoy have bad
possession Faing pay the rent the place was
closed and Mcssrs ogden Clarke, the agents OF the
building, yesterday put up bill 10 rent H. Numerous
persons lde inquiries yesterday ana II is said that
| The liabilities amount to nearly SIS, 900 Tho sods
water fountain So O00 but the manu- acturers mold
| q chaticl mortgage upon 1t to secure the claim.