The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-27
BUSINESS TROUBLES.
HEAVY FAILURE IN THE UPHOLSTERY TRADE
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HEAVY PAnuIs IN THE UPHOLSTERY TRADE
coMPosIrIoNs AND ASSOC MENTs.
The failure OF A. 5. Thorp Co.. Wholesale dealers
In upholstery goods, a, the corner OF Broome and
Crosby streets. Is announced, and yesterday the mem
beers OF he arm, Andrew s. Thorp James h.
Tborp, made sssIs amsnt for the benefit OF thor
creditors to George p Shedon, OF No 2o6 Broadway.
The Is the Oldest In their line Of trade this
city, having bson established 1871 1t well
the trade and years ago was estimated TO be worth
$3.50 000 Lately how ever, there has has beeu
much onndeIcs in the trade Mr. A. :. rnorp but the
Racket Court Ciub House. corner OF Sixth avenue aud
rweEty-sixtn street, winch cost him about $3.50 UOD
II, purchased tue lots on wnich II Is located Tor
Sll5,000 and mas gwen FIRST mortgage on the wDols
s,cuna mortpaae 10 Henry Morr,son from whom n,
purchased the land. for x550UO, ana third
TO tue subscribers 10 the Racket Ciuo o. 100000 Tho
club nod lease Of the upper floors or nfesn years.
Tue total aDlitiss, both hrD and Individual, are
about $685. Of which Mr. A. ). Thorp owes ind
viouaiy sbogt SOS oOO Tue business assets consist
VI Stock ana opea accounts valued NJ about $500
Mr. sheidon, the assignee, has commenced 10 make
up the ACCOUNTS Tor n stsscment He could not give
sSncty tue amount OF the Indebtedness st present.,
but thought tue aoove figures aooat correct.
LOUIS Nelson, dealer IN mats Al No. ~ Third
nue., has made an ssigumcnt for tue bench OF mis-
creditors 10 Jefferson J. Spiro HIS liabilities are
small
Fiorentine A Jones has gone into voluntary bank
rup,cv before Registsf Dayton to get RID OF la
oies amountisg 20 $500 a. All Of which were Tor
sIokar, 500 900; Benz kttreuee, S. 1856 81 The
only assets are seven Alabama bonds, par value OF
winch Is 81. 900
Mr. Thofnoixs Saunders. on behalf OF the creditors
who have petit'oncd to throw tho n rm A MA X.
Dawes, manufacturers OF umbrellas No. 404 Broad
way, INTO bankruptcy, has obtained an in
junction from Judgc Choate against the Pacific
Bank aud the assignee, james Davies, restrai ming
them nom making any transfer or disposition OF the
property of tue nrm, and the order show cause
why they should not be sdJudicatod tankrupts has
been set ao,n Tor Aufu Tue hablities arc SGT
down at $2u9g5l o. tue nal at sos 240 Al
ana the real assets at sos oS4 So
IN n teP n nnn.tra ltnu nj
man 70, Oh nkers, for their discharge from bank
ruptcy Nr. Bangs appeared, together with Mr.. Dun
can before Reg ister ketcbGm yesterday, to answer
objections oil parties 10 opposition; hil none OF the
eoJectors put In al appearances ana ux her proceed
ings were, therefore, postponed Tho Register states
that the matter oil the opposiuou Of 4. e.. Bairnt
winch was aJourasd unfit August T. will DO heard be-
lore Judge Cboate, who sta Aaeusl TO do Germ no
whether ~ shall Dc tried BY aJary, and II tho latter
Is carried the whole AFFAIR may be taken Qua OF tho
hands oil thc Register. H
Charles Rohrs, grocer At No SIS Blocker street.
wto recently made an Assignment 10 LOUIS stor m Is
making settlement wlh nts creditors nj tweutv-nvs
cents ON the dollar. which majority have aecsp.sd
his liabilities being about 81 SEQ
meetins Of ths crsat'prs of Edwar. Q. Stevens,
Of Csiro. W. hello ysserd ~ at sns efhcs Of Reg
ter Little ths composttion Of twenty 1--we cents ON
tbe dollar Cash, within thifty days was ooAnrmed.