The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-28
BUSINESS TROUBLES.

FAILURE or A PnoMISENT BUSINESS MAN OF
Observation-Disclosures MERCHANTS GOING
INTO VOLUNTARY BANKRUPTCY.
The failure OF Daniel j. Haight, OF Peeksk, is an.
nounced the greatest surprise in trade
in this city. Ho was known all along the Hudson,
from New York to Albany. as . shrewd and successful
business man. He president OF the American
Stove Works, kept large country store at PeehskL
managed six separate farms al Van Cor,andtvil!e,
Crumpond. Gaiows HILL Furnace Woods and the
Highlands; operated three brcKyards at Cragers and
Monrose owned the cemetery and acted as the banker
for the farmers in the vicinity OF PeekskiiL HIS
difficulties owing mainly to the failure OF the
American Stove Works, which occurred a lew weeks
ago He sunk $4,000 in he company and IS on their
paper Tor upward 0. $4,000 tndorscr. several
judgments were filed against him last week, ana III
order 70 prevent the sheriff from taxing posses
sion ana 10 protect all tho creditors he made
assignment oil MS indivlduaA property consisting
OF the farms, orckvards, notes ana personal prop
ery Jose p l.. Cook; he also ass gncc his interest
in the American stove WORKS 10 Stephen Lent ana
Coffin 5. Brown; the firm OF Haight. Aaines & 70,
grocers, OF which ne was the senior partner made an
assignment TO Abram Griffin. Tue failure IS dsas-
one, II involves many merchants and numerous
farmers who ned his The liabilities are esti-
mated all way 100000 10 $55000U, but II is
thought that they VIII amount 10 ABOUT $3.50, 000
Mucn OF the Indebtedness is local, but there
siderable due the New YQxk banks His assets
consist oil SIX farms embracing about SIX hundred and
nifty acres, valued at $50 00o but covered with mort
gages several Stores houses and real estate In Peeks
kil notes, book accounts ana stock, the value Of
which Is n0t known. Among the enterprises which
no conducted the CortandtvIle Cemetery;
ne purchased largo tract Of land about Two
miles from village, lad II out IN line
style. and prepared Il tor = cemetery. Numerous
persons have been buried there, aud Tho place IS
studded with beautiful monuments. lhe land was
subject a mortgage, ana now tho lawyers have dis
covered inst there no reloase on the bond and
state all tho deeds tor the burial plots sold arc
void II also said that the property was decided to
his wife several years ago. These facts have caused
considerable ugitation among the relatives OF those
buried there aud they lear they VIII have 10 pay for
the lots again. john Paujng, one Of The capt0rs OF
Major Andre is buried III tue old cenetry adjoining
Nearly all farmers that section suier by he
failure, as lie acted banker tor them, nay ing
seven per cent tor the money loaned 70 him,
wne tue banks would allow only I'VE ine farmers
July believed in him, ana often drew money out OF
banhs TO place in his hands. heir CLAIMS against
HIM range from 500 up 10 $4,000.
The Manhattan Stock Exchange. No. 80 Broad street,
suspended yesterday. Inc proprietors W. stuart
andI w. Knapp, under the firm name Of stuart
Knapp. The latter says that the ialure was causec
ty customers closing their contracts, ami that no
money coming IN but everything going out He
disappointed the receipt OF some funds which ne
expected. The liabilies, Mr. Knapp states about
$1,000.
Messrs Echcverria l. Co. claim that there is
error the schedule figures Of their credit 10 Law
Brothers. They say the amount is SIS, 5U2 Is
for themselves and S., liz 23 for other parties.
LII the County Clerks oli:e there were filed yester-
day assignments OF Charles f. Winfield to Ritter
q. Hoadey, OF Ester Meyer TO James wolf and OF
Gerald Walch TO John NugenL