The New York herald., 1878-02-22
BUSINESS EMBARRAsSMENTS.
MEETING OF DovALE & co.'s CREDITORS
FAILURE OF THE ATLANTIC IRON WORKS.

MEETING OF DovALE ! co.'s cREDIroRs-
| FAILURE OF THE ATLANTIC IRON WORKS.
| MEETINGS OF cREpIToRs--AssIoNMENTs
A meeting Of the creditors OF Dovale Co.. ship
ping merchants at No. 26 South street, held yes
tsrday at the ST Nicholas Hotel. Mr. p. IL. Fay was
chosen Chairman and Mr.. Hsrrck secretary. Letters
were read from creditors expressing sympathy Tor
the financial misfortunes Of the nrm. Mr. De Castro
road letter from creditor whose claim amounted 10
$lo4 900 nstrucsing him to act bis heart dictated
in the matter.
Mr. Frederick Lewis, the assignee, presented an ex-
pcit statement OF the condition OF the drm, showing
exactly how and where the liabilities and assets arc
held The gross liabilities are $3.50. .955 80, Of when
there is held in New York Sl03,26l So; Boston,
81, $50 10; Hartford, S327 TO- lotai III the United
States Sl05 900 7S The total foreign Liabilities are
$3.50 9S5 u, distributed as foows:ln New Granada,
s16077o s1 Curacoa $751; Oss IL England. $ls264 20;
Ecuador. s5,sS6 50; Belgium 81, 1872 90; Venezdca,
s4.l74 10; Germany, s4l4 o.; ST. Thomas. $io4 "a;
ST. Domingo, $4s "a. The contingent iiapiities
amount to $780, ol OF which there are accopsanees
$40 S23 90, and Endorsements, $37,0 II.
TIE nominal nssets amount TO $2lS.77S ", OF which
S105 1858 % considered worthless aud the actual
placed al $97 493 es, less twenty-five per
cent. which may be lost by disseminating business
thus making the real assets $73l2o 19 OF the good
assets there New GranAda $46 964 81; Curacoa
s27,0O0 10; Venezuela, $l3,14o IL; St. Thomas,
S. 49l 81; Ecuador 50, 24l 63 81 Domingo, s2s72 49,
Demerara, S32S "a; France, $500 IS The nominal
assets The United States loot up 10 3S5 81 but
OF this amount only s26 are considered good and
SO, ,092 70 doubtful.
Mr. Horton offered tho following resolution, which
was anmously adopted
Resolved, That creditors OF the firm Of Doyaie Co
ss aou, ~ beyond ns
NJ W. a t,i
confidence their sterling integrity anu bust
very pleasant business. wh,en have existed for
tween t. our mutual pleasure ana profit.
A committee Of three, consisting OF Messrs. Do
Castro, Herrick and w. +. G Slower, WAS appointed
confer with the firm and report by circular basis
The creditors OF Cammeycr & Mason, of No. 81
Warren street, jobbers aud retailers OF boots and
shoes, neld a meeting yesterday at NO. lis church
street. Aaron Clafn presiding, anu George W. Wat.
kinson secretary, claims 10 the amount OF $4,000
beng represented. statement was read showing
aggregate liabilities amounting to $l69,000 OF which
si6S zoo in bills payable; tho assets which consist
nomnaly valued at Sl3sOOO anu the real assets were
Mr.. j. o. warehouse spoke very kindly OF the firm,
saying that while the creditors we're anxious TO get
allthey could, he did not believe In any policy which
wouli crush the arm. He was IN favor OF speedy
settlement by which the 1rm should continue 10
business, and hoped the creditors would not press
a resolution, which was unanimously adopted, that
tho creditors be recommended TO accept ut their
notes, at three SIX and n,ne mouths. or llty cents
cash within thirty days
The firm expressed opinion that it would be I'M
possible 10 realize so large an amount from the assets
committee was appointed TO examine tho affairs
OF the firm and confer With them as 70 settlement
and report at y future meeting Tne greatest sympa-
thy expressed by all tor tho Arm, aud there is
doubt OF satisfactory compromise being Effected.
The failure of The Atlantic Iron Works, ut No. 7O6
East Twelfth street, was ANNOUNCED yesterday. and
the propretors, Daniel D. Boyce anu John 4. Fair
field, made general assignment for the benefit Of
their creditors 10 James J. Burnett Tho 1rm have
been hard pressed for time past account OF
their inability 10 make collections and In August
last their men struck because their wages We're In
arrears. resumed work shortly alter the hrm OBJ
tained sufficient funds 70 pay them. The present
Grm established in February, 1877 succeeding the
firm OF Boyce McIntire. II Is soid that Mr.. Fair
field, who formerly foreman IN the Architectural
Works, contributed $10 900 TO tho business and
Mr. Boyce had half insros. IN the foundry prop
mortgage OF $4,000 Their liabilities are estimated at
about $32, ,000.
In pursuance Of tho recommend alton adopted 1t
rage man uac urers Al The corner Of Broadway and
M oma" o n", crsSnI. lo nrd %
Oscar Hoyt, furniture, a. NO. IL East Fourteenth
street made an ssslsn.nsn. yesterday lor the benefit
merly Ia the liquor business as the senior partner Of
the firm Of Hoyt, Carter Il Co., aud was At ono time
considered wealthy being generally reported as The
owner Of the "Wooubine" property on Sixth avenue,
near Fifteenth street, and his house In West FIJI
tesnh street. note for $3.50 was protested on Janu
ary "a.
Co., importers and dealers In china, &c. At No. 4
Great Jones street, held ~ tho office OF Register Fsch
dividend OF ten per cent declared, and II Is
pected that supplementary dividend OF hve or SIX
psr cent Will DO realized some matters are
cleared up. The firm Jailed about u year ago, with
liabilities amounting to about $l20,000
meeting Of the creditors oI William BrinckerhoH
Co., joboers in hats at No. 472 Broadway, beld
yesterday the office Of Register Little and the cos
position Of thirty cents The dollar, twenty
cash and five cents IN notes at nine and twelve
months eaco, Was unanimously connrmed The LA
billties amount 10 $50, sol 09.
The creditors oil Adam Carr, manufacturer OF
plumbers supplies at No. 43 CoraL dt street, held
meeting at the oice OF Register Dwight yesterday.
Thirty mine claims were oved twenty Of which
filed by Mr. j H. Goldey, the actuary OF the Hard
Board Of Trade The claims aggregated $2S. .000
largest Of when are arab Carr, ST. 00O; McNsD
L. Harlan Manufacturing Company, S2,447 09j Eaton,
Cole Burnham Company, $2,l2l "a; Samuel
w. Garretson, 81 0c0. BY consent the election OF
assignee ADJOURNED until March O. when the offer
OF composition will DO considered.
James I. williamson, restaurant of Nos. SO and 35
Nassau street, who recently failed owing about
$14 0OO has made v settlcmont with mis- creditors
twenty cents the dollar IN notes which will be paid
by Mr. d. II. Gould, The former proprietor. who has
resumed CONTROL