New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-08
BUSINESS EMBARRASSMENTS.
ANOTHER HEAVY FAILURE.

ANOTHER HEAVY FAILURE.
| JOEL HAYDEN 4 co. SUSPEND, WITH LIABILITIES or
800, 900 DISSATISFACTION AMONG ]. /. HEN
EY, CURRAS 4 co.'s CREDITORS.
Joel Hayden & Co., manufacturers OF brass
goods ~ No 81 Beekmanst and aydenville Mass,
have failed The announcement OF the suspension
caused great surprise the metal trade the firm had
very high credit ana supposed TO be worth over
100000 The OF the failure Is attributed to de-
precaton in real estate Stock and TO the settlement
Of the OF the late Joel Hayden Tho liabilities are
reported various amounts. but IA stated that they
are about $1,000 nearly all OF which Is held at Hay
dcnvilc TIE Indebtedness in this city is said TO be
only Sl4 900. The store at No. =! Beekman-st WAS
sciz.dby DeputySherin Aarons Yesterday, attach
nct fOr 500 l9 issued IN favor Of the administrators
Of the estate OF joel II yden. deceased The aesets are
valued at $500 900, consisting Of factories, machinery
stock and book accounts The factories are at Hayden
VILE and consist Of nree buildings. 800 feet ia length
rebuilt at a cost of $4,000 three ago the old fec
tories having been destroyed by the food in 1s7i The
business was established In 1915 and the present firm
succeeded Tie firm OF HAYDEN. Gere Co., IN October
last MIR Ciere retiring but leaving the capital unlm-
n"iIei since then Mr.. HAYDEN Is said 10 have added
$4,000 to the business, An inventory OF he assets Is
being made, ana II VIII DC submitted 10 INC cIctoIs a.
nnm6eT 81 the creditors Of John f. Henry Curran
Co.. presenting about 100000 OF the firms indebted
me- satisfied wi j. the conduct OF the meeting on
tuesday, contemplate holding an independent meeting
before the adjourned meeting taxes pace. lhey
| complain that the meeting was hot legal ana was
! conducted more Ike political gathering than
n creditors meeting" They assert that Mr..
Henry is seeking TO Withdraw from The as
SETS OF the nrm the trademarks for which he
claimed 10 have paid 100000, and which he declares
are worthless unless retained by the firm and properly
nurscd" IL was stated by one OF the creditors that
Eugene Wctherell, OF No. % Parkpace had offered II
he conld the % cents on dollar IN
| twenty-five months time Mr. Hcnry's oher was 30
| cents in thirty months, including . per cent cash.
One creditor prOessed 10 have positive Information tbA
Mr. Henry inca-c he succeeded In retaining the trade
marks did intend to continue TIE business as now
conducted, but would engage IN putting up his nedi-
cnrs ON his own account Another creditor stated that
ho was willing 10 pay 100000 Tor the trade mark. IL
was also asserted that large part OF the contingent a-
| bilties was IN notes OF good houses.
Much Indignation expressed by the creditors OF NJ
Mrtzgcr a. SON. dealers IN leaf tobacco. at No. US u
| WateT-si over the alleged suspicious acts connected
with their failure. Before they made their assignment,
they converted all their assets Into cash. and have LETT
| nothing for their creditors -
The COMPOSITION proceedings begun by Adriance. Rob
bins Il Co.. dry goods jobbers nj No. 800 broadway,
10 settle with their creditors at 30 cents on the dollar
nave been Withdrawn, and the estate VIII probably be
managed by a trustee and n committee OF creditors
| An assignment Tor the benefit of creditors filed
Yesterday, by Asabel Chaplin and Warren Chaplin quni-
bericalcrs, Oh West Twenty thrdst 10 William Lind
say