The New York herald., 1878-09-24
BUSINESS TROUBLES.


EMBARRAssNENrs OF ISAAC MEnnBAcH-TF1
SCHEDULE or BRYCE sMITH-orHER AS
SEDIMENTS.
lsaac Mehrbach, of No. 152 East Twsn; y-iourth
street, the largest dealer horses this city, has
become temporarily financially embarrassed
count Of sudden and accum ulated demand for taxes
assessments and interest real estate mortgages
and has obtained extension from his crediIors.
HIS liabilities amount about $l00, ,OOO OF which
500 900 IS due 10 members OF his family and $40 00Q
contingent as indorser The assets very large,
consisting mainly O! real estate, the equity In which
is estimated at Bradstreets at $3o0.0oo The tota
amount OF his real estate In this city Is placed u
$500, 000 THIS includes 25 lots In Harlem subjest
TO mortgages. He has an interest a dne farm
at Larcnmo Manor, Weschester county, where
he raises horses. He also owns considerable real
estate in Twenty fourth street, where his stables
located Tho time OF the 10 one, I've, thros
and four years, his family agreeing to wait until all
the other claims are paid. HIS creditors willingly
granted the extension and express the belief that he
will discount the time and Gear of all the Indebted
Is coming into demand account OF the buldiaR Of
the New York Elevated Railroad. Ho has been
ceeded the firm of & s. Mshr0ach, winch dissolved
June !, 1874 when Solomon Mshroach assumed the
presidency OF the Second Avenue Railroad Company.
He supplied most OF the city railroads with horses
Mr. Frederick Lewis the assignee OF Bryce 4
street, completed his schedules OF the assets and
liabilities, which show assets Of $597 l3l g.
Sll0,5CO 03.
Samuel L. Harris, banker at No. 65s Droadway.
mado an assignment Tor the bcneht OF his creditors
without preferences, yesterday, to Luthor Snater OF
No. POI broadway. He has been in the banking busi-
ness for a number OF years and was manager in this
city Tor the deiunct Freedmcn's Savings and Trust
Company. HIS embarrassment is The result OF tbs
financial depression and inability to realize
ties. He Is unable to give the amount OF his iabili.
ties at present. but hopes to able his credit.
full He has assets consisting OF real in
Now Jersey. bonds aud mortgages and ether securi.
ties.
Thomas +. Galanor. liquor dealer q. No i,los
Broadway, adjoining the Holman House. made an Is.
signment yesterday tor the Doncal oil his creditors
without preference, toJonn Amos His business has
faon on considerably, which, together with heavy
other expenses and Endorsement Tor iriends
are the main causes OF his embarrassment. He also
which he opened in 1874 and subsequently abandoned
In Nay he gave chate mortgage on his hxiurss for
S2,2l0 He was formerly In partnership with NJ.
Gilmore, the firm being Gilmore Il Gallaher, aud
bought out his interest IN May. ISL
An assignment Tor benefit oil creditors, without
preference, was made yesterday by Herman L. k0kohl
William Soelter ana Adoph Morgeustein, comprisinR
the rm OF kokohi Soelter, manufacturers cigars
at No 2S3 Pearl street, TO Reinhod Stoiuocke They
started tho business in 1873 capital oi $1,000, and
their Liabilities are estimated at about $4,000.
Judge Choate has confirmed the composuion OF the
late firm OF Is. l.. Solomon " sons dealers in up.
hostcry and furniture at thirtythree and one-third
cents on the dollar In notes at hve nino and twelve
lonths aud the new hrm will resume business In =
few days
573 Broadway, las Effected settlement with his
creditors tho terms beng twenty-five cents the
dollar, cash, In thirty days
meeting OF the creditors OF George w. Beach, rail.
road contractor at No 40 Broadway, was bed ysster.
day ut The olnce OF Register Little Tho schedules
prcs0ntod showed Liabilities to the amount OF S170 000
and light claims were hied aggregating ST. 327 20
follows srnomas Rut.cr ST. 26s 40 Providsncs Drsdg-
George L. Clark, $1,000; Proviaeuce fIlo 6rivins
Company, ;l,slS 60; islelara =. hawkins, ss5s g:
Josiah y; Fish, $500; Benjamin 5. Clark, $27o.
William IL. Coukliu elected asstguca
Ala meeting Of the creditors OF George Il. scuddsr.
planning mill at No. 53l West Fourteenth street, held
yesterday at the Office OF Register Little, John II.
z latt was appointed assignee
Tho creditors OF Frend Pitts dealer In fancy goods
az No. ,2s2 Broadway held u meeting Yesterday al
tho ofilcc Of Register Kechum. Schedules were pre-.
sented showing Liabilities to tho amount oi $4,000.
TWO small Claims were hloi and Samucl G. Jsiline
was elected assignee.
AT meeting OF tho creditors OF stephenson Co..
dealers In Toys formerly IN Chambers street. held ae
the Office OF Register Dayton yesterday, dividend Of
ton per cent was declared TO Tho creditors
BANKERS AND BIoKEHs' ASSOCIATION.
In a suit brought by Henry B. Smith aud others
against the Bankers and Brokers' Association Mr.
William c. Traphagen appointed a rsieres 70 pass
upon the CLAIMS against the ASSOCIATION presented to
Robert Cutting, Jr, receiver. no flied report yss-
tcrday In the County Clerks Office In this rcpors he
states that tho Claims presented aggregate sea- OF
which sum S23 900 disallowod regarding whch
there either arc or will be liigations. He states
further that tho amour: OF the capital Of
association authorized 10 bo issued 81 000. .U0O
dvided INTO 900 shares OF 81 0J0 each that only
1ty per cent oi this amount paid leaving due
100000 that tnere was an ovcr.ssue OF capital
STOCK oil 900 shares; that shares put The
nomes oil nctous pcrsops to promote the frauduleae
purpose OF John bonner; that I0l9 shares stand IN
the name OF the nrm OF John Bonner Co /; that
1850 shares stand IN Bonncr's name; that nity
snarcs stand Ia tho namo oi William H. Newman, who
never owned any stock Of tho association, and that
out oil TAO shares remaining only about 900
the names oil persons WHO are solvent Ae reports
iuher That the assets Ia The RECEIVERS hands are in-
sufficient to moot the Liabilities OF tho association
under Circ a