The New York herald., 1878-02-05
BUSINESS TROUBLES.
FAILURES IN THE PAINT TRADE AND BANK-
RCPTCY PROCEEDINGs.

FAILURES IN THE PAINT TRADE AND BANE-
RUprcY PROCEEDINGS.
The National Mixed Paint Company (Lmitedh OF
Nos 81 and 80 Desbrosses street, made an assignments
yesterday for the benefit OF their creditors 10 William
Pate. The trade had but E,tie confidence 10 The
company o. It's limited responsibility, and
It enjoyed only fair credit The company succeeded
the hrm OF Davidson, Houghton Co IN February,
1877, J. II. Davidson being president and H. 9.
houghton secretary and treasurer. The nominal cap
ital was 100000 but oil this amount only $4,000 was
paid in The exact amount OF the liabilities Is not
known at present. but they estimated at about
$50, 600, and the assets considered good. being
nomlnaly larger than the Indebtedness.
The Grm OF Bell Mclaughlin & Co, manufacturers
Of paints, ohs &C.. at No. 81 BceKman street and at
Williamsburg, have become financially embarrassed
and have submitted their affairs to their creditors
meeting held at the Office Of X. Colgate Co.. No.
2S7 Pearl street, and from the statements presented
It appears that the aggregate liabilities OF the firm
amount 10 about sos 00O of which $4,000 is due for
merchandise and $4,000 to Mr.. Ecktord Webb, q
former partner when tho firm was Webb, Mclaughlin
Co. MI. Webb holds mortgage Of $50, 200 on the
factory property located III Williamsburg he exact
value OF the assets is not known. Tney consist Of
book accounts Stock real estate aud notes ana mort
cages taken as collateral security tor overdue ac-
would probably obtain at least sevcntyhve per cent
oil their claims, and the meeting decided that the rm
should qudate and pay the creditors as mucn as the
assets would realize. The present copartnership was
formed in September. 1876, former partner having
1t is claimed, appropriated Sl7 900 OF tho firms money
TO his own use ON account oil which the coparnership
was dissolved and the present ono established.
petition IN bankruptcy has been HE'D against
James Henuesscy, dealer boots and shoes ut No 80
Nassau street, by James Parsons II Sons, Prescott j.
Bgelow and Lorenz stump. Tho petitioners allege
thai he maoe an assignment with intent defeat tue
aup 10 a MS
sIgumeni he has continued IN possession oil the prop
and has sold great portion ol It, The assignee
has been restrained by injunction from further dspos
ing o the property, and the marshal has been ordered
to take posscsslon
in leaf tobacco, AT Nos. 295 and 297 Greenwich street.
who recently made assignment 10 Frederick Lewis,
has effected settlement with his creditors al iorty
cents Oh the dolar-llve cents cash ana thrty'nvo
cents III ndorscd notes.
meeting oi the creditors OF Samuel Trischet man
o rbuons at No. II Crosby street, was held
yesterday at the office oil Register Lttle The soEed
ues showed liabilities amountngt TO el9. AGO.
and twenty-sx creditors proved claims asgregating
$l2, 775 John Ii. Post was elected assignee IN bank
iuptcy
broker at No. III broadway, has gone into voiun larry
bankruptcy before Register Fitch. HIS liabilities
amount 10 SIS 5OO OF winch 81 $50 are secured. The
principal creditors are j. Z. Blackwell, 81, 800; En-
pre- state Lie Insurance Company, $4,000; william
Z. Bryant 4 Co., Sl,045 L. He owes lho sum OF $6oS
Tor advertising, and there are no assets
The New YORK creditors oil Isaac Hoy man. dealer In
dry goods. at PoughKeepsie, New York aud Rutland
and the following hrms have united in petition ior
that purpose :-h. Is. Ciahn Co., $65S 50; Evans,
Pcake 4 Co., $4l4 os; schwartz Brothers, s5Sl;
Henry Trowbridse d Co., $500 81 r. A. DaiIey Co.,
1926 ~; $ Sykes 4 Co.. s5d4 IS; HARRISON, Sinner
a. Co., 1921 IL.
Au involuntary petition in bankruptcy has been
fled against Edmund Pope commission merchant, by
creditor, A. B. Cubs, who has claim Tor $475.
There was h!ei In The Court OF Common Pleas the
assignment and schedule Of Ira T. Clark to Charles
Wolvert0n. rhe liabites are stated al $lO, 12 20.
nominal assets at s7,4o6 A, and real assets AT
81, 152 %