New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-12

Bank, stated that lie had not yee n Insio do
posted by Mr. Dunning, which were
s9 Goa THAT firm had always enjoyed good credit and he
believed that they We're not Pressed Ity o ~Sn canned
that tie habit of dsconntinf Paper pre'cn nrc
TO the banks by wellknoTn ana trustee Two Or" 4.
n neIS T standing q the makers paper was
neccssa evil Of the present system OF doing Dshess'
cnnntcd by the banks were taken in this way.
and The old system of merchants coming direct
IONS TO was ' practieed only in exceptional
gentleman familiar with the operations OF lne nrn
of the firm OF Demas Barnes CO. In 1867 His entrance
INTO the occurred shortly after he came to TN, city
drugs Mr. Henry asked to give written statement
capital which he brought with n him in i9t lit the an %
OF iensgrance policy 4 Another part con
Henry's connection with the firm lasted only
few months In 1868 Mr. Parnes sold on! his share al
Gls furnished the greater part o. ot f9e eap as
pqhng into the the Sns9Gss SSD9
perity Of the firm OF Jonn r. Henry Curlan q 90, ma
Of late o could i hays SSng pa he a
Il was disposed Of through the agency OF
such men as Dnnnnc, who mixed il with other paper
large quantity OF paper aioat al the 'ihc "a D""Ni"s
Mr. Henry has been treasurer Of the Soldiers Homo OF
NewYork State the origin OF tie enterprise ID May
state Commander of the Grand Army of the Republic
said last nigh, that at least $4,000 had passed through
for the establishment Of the Home. Mr.. Henry and
Mr. Tanner are warm personal iriehqt, ana call
sa per H' I'p%':: Ss%S@ ,r' nS
Fight for tSn Og n trS Sg iT %Ra
in day n Or get ne an od the e Home fund
the dSssST BE Si tbs and city GcmS to % Tsn
ner states. is secure. This amount, Eoweyer, Is
small Captain D. A. %T se sdd ,G,t f here here was NOT OF
now over $500 the credit OF the treasurer III the bark
as the money had been used for building yurosos:
When there money in the treasury, Ny. Henry
paid AL drafts ont OF bis own pocket.
Mr. Hnnry haS oefn 3r ySs rnmar Ut The ReImb
lean State Central COMMITTEE; he was a Rornh-
lean eeeor in s72 and IN $50 In ltIS he
the Third District against John c. Jacobs, and
asserted by politicians that in the senate campaign he
spent money very freely but that IN the last campaign
he spent very little.
CONDITION OF MR.. DUMMIES AFFAIRS.
Mr.. Dunumg 10 consultation with the assignee
and cone of The bank officials during the day, yes
terday. lie stated last evening that his affairs
in far way for settlement, and that
he had every reason TO believe ia, he would be
favorable basis. An examination Of his Affairs showed
that there was margin IN MS favor on tr ho'es ana
colaterals deposited IN the banks of 5000.
HEGEMAN x CO.'S TROUBLES.
note of Hegeman & Co.. the druggists
at No POS Broadway, which was made payable at the
Metropolitan Bank, and which was deposited by /. j.
Danning with the Corn Exchange Bank collateral
security for lean, fell due yesterday The note was
sent TO the Metropolitan Bank 70. payment and WAS
turned Endorsed no funds" Later IN tie day notice
was sent 10 Hegeman & Co. by the METROPOLITAN Bank
that the note presented for payment bnt Mr. II"cc
man was absent aud nothing done The note cCnSc
Quentiy went 10 protest.
The statement was made during the day Wa-st
and confirmed III part last evening that the note had
been given 10 Mr.. Dunniug for much less than
its lace. with the understanding that only tie
amount actually received by Hegcman q Co., with
interest and commission added, should be pad Dun
ming at maturity. One OF the sgucd FOR per
uniting The note to 20 to protest was to avoid, IL
possible, The payment 81 its face In fan
1t was stated that HeScman Co. were
tie habit q giving their notes 10 Drnnnr IN the way
above mentioned much larger than the money
received by them.
At the Office of Hcecman Co. II was stated that Mr..
Hcgcman, who was TIE only surviving member
OF tic firm, had been confined 10 his house,
In Orange, NeW-JcIsey, since Christmas with in
rheumatism, and thus he WAS unable
TO give any attention whd:eTor 10 business. II
wife said last evening that he sick IN bed and had
not been informed Of the financial trouble. she could
give no estimate the liabilities. she said hc
intimate with John T. Henry, bo'h socially aud III
me house occupied by Mr.. Hcgcman belongs to The
Stsukbacnt estate and he ha, nNcd there about two
years Previous to his hvpG az OhnEc he re'ioen al
Llc%elyn Pdk but was not concerned hnanci3llv ~
that real estate enter rise Mi. Heseman succeeded ms
father IN tDc DING hasincs. AZ thai lime ircf' we've
trec other stores az different uts on Br"ndWay hut
these have been disposed uf from time 20 tine, end the
one nj No 9O3 I}roa lwav il nov tac only one G, thc
control Of NJ Ucgcuau, who j. the .O0 proprietor.
" Icgcman "a nephew az q. neral Rosocrar2. Great
sympathy Is rtsscG FOR aim by his neieAbors III
O!angc.
~ me Mcropo,an Bank, YESTERDAY afternoon, It was
said thai The trouble was probably caused ~ The met
that Mr.. IIcgcman had been away from bu.i-
n,ss for The past two week, aud ihal
in the uul0tcs dificulte, that lad
arisen there haC been no one 70 direct matters. NJ
anxiety expressed by Tie bank officials rud they
slated that matters would pr"JaGiy be rgGt ~ dy
or The business has b cn established OIcr nay