The New York herald., 1878-02-19
BUSINESS TROUBLES.
PETITIONS IN BANKRUPTCY AND MEETINGS OF
CREDIToRs-R w. ADAMS CO.

PETITIONS IN BANKRUPTCY AND MEETINGS OF
cREDIToRs-R. W. ADAMS 4 CO.
william N. Price 4 Co.. dealers In leaf tobacco. at
No. ll9 Maiden lane, havo obtained settlement IRON
their creditors at forty tho dollar in unse.
cured notes ~ three, SIX, bine and twelve months
The liabilities amount to $l04 900, and contingent
liability OF S42 600; the assets were valued at $72ooo
consisting OF stock, bills receivable and real estate
Mr. Price thought there was equity OF about
SOL 900 in the real estate, but the committee OF
creditors who investigated the condition Of the arm,
found that II was very doubtful whether there would
be any equity. and recommended tho acceptance Of
the above Terms.
A petition IN bankruptcy has been hed against
Montz Gross, aealer IN us, At No. 430 Broome street.
by number Of creditors, and he has hed petition
tor composition, which has referred TO Regis
ter Little He proposes settle with his creditors ~
thirty cents on the doilar-6iteen cents cash and
Atcen cents notes. ndorsed by Ettinger Brothers,
payable November 1878. The liabilities amount 10
ABOUT $40 900, the principal creditors being Charles
A. Herpicn & Co., $l2,9 ,933 OIL; Hevxig Brothers,
$4,000 5o LOUIS Roessei Co., $3SS4 ss; e }. King
SIX creditors Of the firm OF keenan, II Kosengrave,
jobbers woolen goods AT No 20 Walker street, have
dlcated involuntar bankrupts Their Liabilities
amount 10 about $4,000 Among the pettoning
creditors are -Harat Co., 1892 81; Jonn slads
Iseiin 4 Co., 81, ,344 81.
A meeting OF the creditors OF William o. Mcdowell,
broker No. l2l Front street, held ~ the oHce OF
Replster Ketchu un and Frank W. Angel was elected
ass gnee IN bankruptcy he schedules showed habil-
tiles amounting to $45 00O and the claims OF Neson
H. shook ana others for 81, ,l9l 40 were proved
Louise e. Jones, boarding house, at No. IA East
m street. has been aajudicated voluntary
bankrupt on her petition by Register Allen. The
liabilities amount TO about $50O0 and the assets are
merely nominal. The largest claim is that Of James
Edward Mcdonald and John Murphy have filed
petition 10 nave Joseph Warren sdJudcated al in
voluntary bankrupt. hcir claims amount 10 about
$3.50.
Register Dwight has adjudcated Charles H. Pope
voluntary bankrupt on bis own petition. MI. Pope
Liabilities amount 70 about Soo.o9o And u" has no
assets. William c. Holbrook holds secured claim Tor
$2z 800, as executor Of the late Henry TIFFANY The
principal unsecured creditors Frlsbee, Roocrts
Co., So 697 81; Portsmouth Company, OF South Bcr-
pany' ' Of woonsocEss, T. L, Sa54s 81; 3. u. Make
peace, 81, 600; A. NJ. Beokwith. 81, ,52l "a.
In the County Clerks ONCE there were nled yoster-
day tho Assignments OF Edward e. Keys 10 Joseph
Spears and James NJ. Davis 20 Erasmus V. HOBART
Il. W. ADAMS i co.
NJ. r. w. Adams, lumber dealer, OF No. liz Wall
street, SAID yesterday that number OF creditors both
on real estate aid other indebtedness we're pressing
him very hard, which might force him 10
make an assignment as he would not give any
one creditor preierouce. He hoped however,, to be
able 10 make arrangement to relieve mis- present
ho had than enough assets 70 pay all the liabl
ties II he could get them into shape. The business
liabilities Tor lumber, &C. he ssid about $9o 900,
OF which >70, 900 WAS due In Canada ana So 900 or
$4,000 in Albany. The contingent Liabilities large.
could At present give the Total amount; ir
he should be forced into bankruptcy he would
thon put ali the con tingent llables In relation
transfers OF real estate and mortgages recorded
brooklyn two weeks ago 10 the Metropolitan Ma
tional Bank, aud Nelson Robinson az trustee, Mr..
Adams said they referred 10 matters tw0 years Old,
the property having been conveyed At that tine but
only recorded recently.
LETTER yRoA CHARLES r. JENKINS.
NEW YORK, FeO 18, 1878.
To THE EDITOR THE HERALD:-
Yestsrday's HERALD, IN It's reference 10 the re-
ported iaiiure Of H. W. Adams Co, lumber dealers,
states that 'Mr. Adams u stakeholder in the
Nicolson Pavement Company and in October last he
was sued by Charles Z. jenkins ior the debts OF the
company, Mr. jenkins having bought up the claims
against that concern."
This statement is untrue. l have never bought up
any claims against that company, nor have suea Mr..
Adams Tor the cebts OF The company. X. W. Adams
l. Co. owned majority OF the stock of the company
and controlled Its affairs during tne entire period OF
It's active existence hr. Auams was Its treasurer,
and the SUIT was brought by AS stockholder, to
compel an accounting for the profits which las have
aeged) accrued from some $50 900 square
oi NicosOn pavement IN this city, ut prices ranging
from 81 Is TO 50 per square yard, This suit 70 still
pending before referee. and the failure oil r. W. Ad
Co.. tailed. attributable