The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-22
BUSINESS TROUBLES.

IMPATIENT CREDITORS PUSHING EMBARRASSED
MERCHANTS TO THE wALL-APPoINIMENTs
OF AssIGNEEs.
The suspension Of Charles Merrill Sons, manuiac-
turers aud dealers IN hardware at No. $50 Grand
street, announced. The firm is composed OF Charles,
Edward and Manning Merrill, and was established 10
1925 They were very successful in business out
they placed large amount Of money in real estate,
which has been one Of the principal causes OF their
embarrassment For some time past they have had
only fair credit, ana Bradstreet's cut down their
means rating from 5000 900 to 5000O mainly on &C
count OF their real estate indebtedncss Thcy have
foundry at the corner OF First and South Eleventh
streets, Brooklyn. Il. D. their foundry properly was
valued AZ 500 0O0 several years ago, out now y -
not estimated 10 be worth more than $780, Tne
ioundry WIS burned out in October, 1879, and they
lost $40 900 the Insurance. which amounted 10
about 500, 000 they partially rebuit t. The store,
No sos Grand street, Is The property Of Charles
Merrill personally, and in 1876 Il was valued ~
$4,000, subject TO mortgage OF ST. 0oo the iiaoili-
exclusive Of The real estate Indebtedness.
Their assets consist OF real estate, STOCK,
maSansry ana open aoooun's o su r las,
their real estate valued AZ $4,000, subject 70
mortgages Tor over S50,OO0, and tho equity - thougnt
TO .uc about $4,000; The stock and machinery were
inventoricd al about 81 000 The hrm are preparing
statement OF their assets and liabilities, which they
expect present 10 their creditors at meeting 10 oe
held to-day at the rooms Of the Hardware Board oil
Trade ana they will pace their entire affairs III tho
course TO pursue. Tho lrm several years ago naa
large contract with Pratt Whitney 10 Manufacture
goods Tor Tho Turkish government
William Davidson, dealer IN coal at No. Ill BROAD
way has suspended Tor the first LIME IN twonty seven
years. HIS liabilities amount 70 about Sl0Ooo, VI
which 900 are Tor coal and tao balance 40 naorser
Gu promlssory notes. He was formerly OF tho Drm oil
Nicoi, DAVIDSON Il Co., dealers in china, and recently
succeeded tho hru oil q. b. Conant Co, ME- Cohant
having died IN November, 1877.
CREDITORS PETITIONS IN BANKRUPTCY
Five creditors OF Aaron Ii. Rathbonc, insurance
broker OF No 81 Vail street, have lled petition to
have him aoj udicutcd an Involuntary bankrupt. Tho
claims Of the pe,iiioning creditors aggregate
SIS asa H. and are as toiiows:-Henry p. Waicott,
SlO,Ol9 So; cslalc OF Sarah E. Buchcr, $4,000;
varnum Harrison, $l,6ll 10; varnum, Terry Har-
risou, ST. 73; Charles W. Christie, $500
John +. Long, OF No 15 West Thirty second street,
has been apjudicated involuntary bankrupt on the
petition OF i've creditors, whose claims aggregate
sol 1853 49, md are as follows martha Long, $12 500
Tuomus Chattertou, - 100 10; John Long. SD, 200;
Patrick Garland, $4o0 John lvers, 5000 On April
81 the bankrupt confessed judgment tor $3.50 to
Joseph T. Wiswall, and the petition alleges tnat II
was made with intent " give Wiswail preference
The case beon referred " Register kctcnum.
Rhodes Il Server, produce Dealers late OF No. 20
Wnitehal street, have been adjudidatcd Involuntary
ban krupis the petition OF eight creditors whose
united claims TO So 726 81 the largest bong
the following edward g. Judsou $3,947 81; Samuel
g. winanl, s2694 "a; James Lamb. 81 $50; L. J.
An effort Is being made TO throw Warren Soulc, who
Kept u hotel on Sixth avenue, near Forty-fourth
street. INTO involuntary bankruptcy, and petition Tor
that purpose ied against him by credit
ors. The claims oil tho petitioning creditors aggrc-
gate $24. 492 81, Of which the following are the
est:-Joscpn A. Davis, 9Oo9 y; Jacob Cohen,
$6O44 90; Charles ctiesnger, So 254 IL; Houston
Sterile, 81, 04l 40; Lerzyns4y Il troop, 81, 600.
William II. Garthwait. oil White Plains, has been
adjudcated AN Involuntary bankrupt III this city on
the petition Of seven creditors, whose united claims
amount TO 81 S9l 6l the following being the largest
Thomas Lunt $l,273; s. Z. Sniden. $3.50; Maurice
Snifien, $500