The New York herald., 1877-10-24
BUSINESS TROUBLES.

BUSINESS TROUBLES.
IMPORTANT DECISION RELATIVE TO THE CLAIMS
or KEYsIR-THE RING PLUMBERS CRED
IToRs-YAHUREs IN THE SILK TRADE.
Register Dwight yesterday received the opinion Of
Judge Batchford on several disputed points In rea-
tion the claims Of number OF the creditors OF John
H. Keyscr tho Ring plumber, sustaining tho register
In every particular. The claims OF john Regan for
$so7e OIL; Frederick A Palmer, s6.671 o.; william
Turton, $l2, 225 40; Frederick Michel, 50, 462 so:
James Graham, $3,o77 so, and William r. Hueston,
$2S32 IA. rejected 1t appears that they proved
their claims before Charles Goslier, notary public
who also appeared as attorney Tor the bankrupt
and offered them for fling Objection was made ON
the ground that Mr. Gossr by reason OF his thus
appearing incapacitated TO act such notary or 10
take such proofs Of claims and4he question was sub
mitted whether such proof ought to DO admitted.
Register Dwight held that jt was against
the princpleS OF the Bankrupt law and against good
custom allow the attorney for the bankrupt 10 ap-
pear In any other capacity In the procsedings and
that the proofs drawn by and sworn to before tho
duly reoorcsd attorney for the bankrupt should not
se fled Judge Biatchord In the conclusions
II Register Dwight and writes that such proof OF
debts ought not 20 be filed.
The other decision 10 relative to the claims Of the
bankrupt's brother, William ]. Keysor. for
$4,000 The latter offered his claim for proof prior
10 the voting tor assignee. aAd the admisnsn OF
such proof with the right TO vote for the assignee was
objected by counsel for Of tho creditors the
following grounds:-That the claim secured /;
that the body OF the deposition for proof
OF tho debt docs not contain the name
OF the ocer. the nature OF the Office held by the
individual who took the deposition; that the depo-
stion subscribed and sworn TO before notary pub
lie who does certify the proof Is satisfactory to
him; that the proof offered contains allegation
that his claim was for money loaned. AT an examina
ton Of the bankrupt he testified that the claim
up loan $40 900 aud the purchase by the
bankrupt IN 1862 Of interest OF Mr. J. Koyser in
the business Tor tho Of $Ss, ,00o that In this
animation the bankrupt testified that he had paid
his brother $5,2s4, which is not deducted
from the total amount of the clam that
tho bankrupt testified that his brother held
certain security which not referred to the proof
OF claim; that W. J. kcyser nor any other witness
was offered for against the proof OF the claim or
touching the matter; that W. J. Keyser was allowed
10 prove his claim aud vote TOR assignee, and his
vote determines the cnoice OF assignee Register
Dwight withheld the approval OF the certificate OF
on Ins ceracss ana hu nu,non ISs tSa
claimant Is entitled " vote upon tho proof In the
amount to which be has NOT been secured appears
by the proof Judge Blatchford sustains him IN his
ruling.
rAILURKs DEALERS
George K kennedy. wholesale SILK dealer and
manufacturer oil ribbons at No. $40 Broadway, and at
Worcester. Mass has been adjudicated invoun-
tary bankrupt ON the petition OF our creditors, and
the matter has been referred to Register Dayton
take further proceedings. He was generally known
he petition alleges had no real or
but was name assumed By Kennedy without any
lhorty Tor the purpose OF carrying on MS individual
business. Being man OF very good business address
be readily obtained credit and several Of he creditors
are surprised At the con dtion Of his affairs.
In hrnff0 0tnn o6aip
liabilities appeared to be upward OF S300 900, with
only $4,000 assets, the Inter mainly in book
amounting to the OF his sales for six months.
Soon alter ho requested to take his books and
could i've more econonioaiiy there, ana would be in
position, by the assistance OF friends TO mako some
offer Tor settlement. As request was granted by
the creditors and all his property was removed TO
Worcester and since then al access to the books
PAPERS has been denied 10 the representatives OF the
creditora A. soon as an assignee Is chosen steps
viii be taken to compei him 10 deliver up his books.
The petition alleges that nearly a ms Indebtedness
was contracted notes indorsea by him as agent OF
the Worcester Silk Company, The claims OF lhe
petitionng creditors a. folows:-John l. Walker,
ls rSsf ISL s. s.1s,ss Mss
Dayton has called meeting OF the creditors 10 prove
debs and elect an assignee IN bankruptcy, to bs held
John Heidenrich, whose assignment to John
Sohmuck Tor the benefit OF his creditors was an
nounced yesterday, 10 the proprietor OF the New FORK
Silk Dye Works, extending from Thirty through
TO Thirty.sixtn street, between Ninth and Tenth av
erson, N. j., and was at one time repuled wealthy
He bas suffered severely by tho recent heavy failures
Tho large losses sustained Zone firm owing
HIM $5,000l forced HIM 10 suspend. Mr.
paring statement ior the creditors which will be
ready Ia few days From present information he
docs not think tho liabilities will exceed o000 while
the nominal assets are larger, but as they consist
mainly OF machinery not readily disposed Of their
zeal valuo is estimated at about $500.
FIRMS TROUBLE.
In the composition proceedings of George E. Short
ridge Co., wholesale clothing manufacturers ~ No
329 Broadway before Register Fitch yesterday, tho
the day the representatives oil the creditors endcavor
Ing 70 prove that the assets viii warrant larger dv
dend than tho amount proposed BY the nrm, which s
Tho failure Of samuel D. Bell, auctioneer a. No 12e
closed. The liabilities largo, win probably
not exceed S. 900, he has very little When
he opened hs store The capital Invested was reported
Isaac solomon. dealer In fancy goods and pedlers'
supplies No ~ Ca.harnc street s reported 70 have
failed and his stock sold out by the Marshal He
claimed tohavs capital Of from 1000 to 5000 in
vested In the business but II the opinion OF the
trade that The amount altogether too large The
amount oi his liabilities Is not known, but they
are estimated at from $4,000 to $4,000, ana there
Foo,e & Richardson, clothiers at Me- 245 Broadway
who failed recently with Liabilities amounting 10
$76,937, arc endcavoring 10 effect settlement With
their creditors and have commenced composition pro-
ccedngs In bankruptcy Tor that purpose IN Brooklyn
They propose to settle at thirty cents the dollar,
has been called for October 81 to be held at office
OF Register Winsow
Samuel J. Burriii, manufacturer OF telegraph sup
plies at No. 40 Broad street, who Jailed july, owing
about $l3 $50, mace application to Register Little yos
terday Tor his discharge from bankruptcy, and as
there was no opposition ON the part Of the creditors
will be granted.
Judge McAdam, Of the Marine Court, yesterday ap-
pointed Zenas T. Newell receiver oil property OF
John F. Trow. the publisher of Trow's Directory,
whose assets of property southeast corner
OF Broome and Elm Streets mortgagcd Tor $33, SEQ;
also one lot on Tenth avenue running through to
Broadway, between Ninety seventh and Ninety
Streets mortgagcd for S. 000 stock in Trows Print
ing and Bookbinding Company 10 the amount OF
$34 000 and conditional interest In the stock OF
American Popular Lite Insurance Company, together
with ST. Louis, Council Bluffs ana Omaha Railroad
bonds amounting TO l0,00o, face value.
GENERAL DURYEE's FAILURE.
To THE EDITOR THs HERALD:-
In your issue of this morning in speaking Of the
failure Of General A. Duryee you say the main