The New York herald., 1878-03-29
BUSINESS TROUBLES.

| FAILURE OF SUGAR IMPORTERs- COMPROMISES
| IN VARIOUS TRADEs-cREDIToRs' MEET
| INGs
Henry l. Youugs, Sidney T. Smith and Appollos
Smith, composing the firm OF Youngs. smith q Co.,
importers OF sugars ana commission merchants At
No. IS South street, made IN assignment yesterday
for benefit OF their creditors TO Mr. lsaac Odoll,
the President OF the Irving National Bank. The 6nan
cia difficulties OF the rm arose from The failure OF
Pailedo Rioula Il Co., OF Matanzas, with whom they
had large transactions Thcy sold sugars for tho
latter, who drow the firm against tho con-
signmonts. Up 10 the first of the present
year the firm had excellent credit, and their
estimated worth was reported Al 100000. In
the la,tor part OF January they asked extension
maturing acccptanccs TO tho amount OF $3.50 600,
creditors accepted proposition pay
cents upon all acceptancss they may mature,
tho remainder to be extended Tor sixty days, when
another payment OF fifteen per cent would 10 made
similar pay wents ana extensions to be until the
Indebtedness was discharged.
Dcmmert Brothers Il Co., man nuiacturing jewellers
ut No. Maiden lane and at Jersey City, have offered
10 settle with their creditors " fifty cents the
dollar which has been accepted by all their creditors
here and thero is now only one creditor in Europe 10
hear IRON. the liabilities arc about 81, 900.
The New York creditors OF Church * Sprague, dca-
ers IN hardware at West Meriden, Conn., refused
the dollar, as u was thought larger dividonu could
be paid II the estate was wound up by an assignee I;
lncy accordingly chose Mr.. \. s. Bradley assignee
with INSTRUCTIONS to wind up ana settle the estate.
AT a conference OF the committee OF creditors OF
Warren A. Ransom Co., Wholesale dealers in boots
and shoes at No. o37 Broadway, and the members OF
the irn, the former, aftcr AN examination OF the
sets, proposed that settlement should be made ON Tho
basis oil sixtytwO and hall Genus on the dollar. lho
hrm thought. however, tnat the asseis did not
warrant more than tnirty-three and one-third
cents was subsequently dccldou by the creditors
accept q promise at hity por cent but nnul
agreement has yet been reached IL IS sara that II
firm do to the latter proposal the credi-
tors VIII nave the estate wOunu up under
ton Oi trustee.
Whitlo,k Andcrs on Importers aud iobbcrs IN
woollcns at No. 1O2 Grand street. have obtained u
settlement with their creditors al seventy cents on
tho dollar IN unsecured notes. with interest," at three
Elk, nine and twelve months Tho business VIII be
continued unuer Inc superv sion Of a committee OF
creditors until tho compromise IS iully paid. Inc
liabcs am0unt TO $l90, U00 aud the neinInal value
VI the assets rs $24O,OOU
the failure Charles Ii. Over.on, dealer In nsh und
PROVISIONS at No. II Dey street, Ii reported His lla.
bilities amount ~ 81, sou ana his assets $3.50
COMPROMISE has been tloctcd by Ferdinand Loe-
ser, dealer III cigars AT NJ. Ill Broadway, with his
creditors AZ sixteen cents on the dollar III unsecured
notes. without interest, at three SIX twolve
months HIS liabilities aggregate 81, ,50O the mer-
chandlse Indebtedness Dens small The
CREDITORS MEETINGS.
meeting OF tue creditors of G.inan Goodwin, lum-
ber dealer ana house mover No. los Wcst lwenty.
Ih street, WAS held at the Oicc OF Register
Ketchum. Seventeen elaine. aggroautng $lO J66 U7
jeclod Ihero was iUng contest tho selection OF
assignee III bankruptcy, ana the creditors failing
agree Tho Register appointed John H. Patt assignee.
rne largest Claim proved was that OF John Ia. Drew
$5,04S 9l.
A meeting Of the creditors Of Philip Stoer, the
bankrupt tea morcnant, was hcld yesterday at tho
office III Register Littc Tor tho purpose OF declaring
dividend. The nss'guee Mr. Z. Y. Bell, reported that
he had about $4,000 on napu 10 distribute long
discussion arose AS 10 the pOwor ot the meeting 70
0eclde upon dvMepa, and also 10 relation 10 ex-
penses incurred by the Sta,e assignee previous his
election as assignee III bankruptcy.' Numerous OBJ
jcctiOns were entered, and the Register declaed 10
ponts IN question.
rhc creuilors Of Samuel A. Maguus, dealer In glue
ut No. 3O7 Pearl street, held meeting yesterday at
the oficu OF kurxman Yeaman. No. 2OA Broadway,
and received s,ateinent showing ubiilties amount
ing to $27 692 l2 nominal assets $24 Alt 9O; real
assets, $yOI7 o. The creditors cxpressou willing
nsss to accept compromise ana appointed com
mittce Ot three 10 NATION oil asscts
and TO report basls for q settlement