The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-31
BUSINESS TROUBLES.

FAILURE or ALrHoF DERGAANN CO., TOY IM
poarEns-pRuo TRADE EMBARGAssMESTs.
Althof Bergman & Co.. importers OF toys, at Nos
III and ia Duane street, made assignment yes.
terday Tor the benefit OF their creditors to Adolph c.
Dunn. Tho arm was the largest aud Oldest IN tho
trade In this country having been established thirty
seven years. ana always enjoyed good reputation
ana credit IL had branches In Nuremberg Germany.
and in st. Paul, Minnesota, and transacted nm exten.
slvc business Tho arm is composed OF Louis Altbof.
August Bergman, Charles Althol and Gustavus
Cronnmeyof Their suspension very sudden, aud
the creditors expressed great regret that he house
had TO go down. Friends offered them financial as
s,sance, but they would avail themselves OF II,
knowing that the same result would probably occur
sooner or later. They very liberal to the trade
and to their employees
Agar ago che drm had surplus OF 100000, but
heavy losses, the snrinkage IN values, and the inab
yy to mako collections since that timc has melted
away their wealth. Loans called IN accommo-
dations stopped, and they we're forced TO suspend
Tho immediate Cause the sudden s;oppase or
commodatlon by European bank, winch had been
running for many years, and the call for the prompt
pay ncpt OF tho balance, amounting TO $4,000 rhe
branch at ST. Paul. 1t Is SAID, was badly managed, aud
heavy losses were the result Book accounts, which
aggregated SIS oOo were found, upon investigation,
TO u worth than SIC, 900 Collections were de-
laye on account Of tho bad condition OF the roias
aud mauy OF their customers had Jailed. There -
some real estae owned by tho individual members Of
tie urm but II will realize but little over the mort
CAGES that cucumber It, fhe residence ana farm OF
Mr. LOUIS Aithoi at Tappan was purchased at cost
OF $4,000 aud to-day ne cannot nnd purch ser Tor
II at Sll,0OO.
The liabilities OF tho firm amount to about $780, 900,
about one.hal OF which is duo IN Europe. No esti-
mate be given at present oil the value OF their
assets the stock iHventoricd at $4,000, but its
real value 10 much less From tho kindly iceing or
the OF the firm there Is no doubt that salts
factory settlement viii be made by which business
VIII be speedily resumed.
OTHER BUSINESS DIFFICULTIES.
The failure Of james l.. BALDWIN, nocr commission
merchant, No. II Beach street, was announced yes
erday win liabilities amounting 10 oil s3oooo.
manly due TO ricuds tue assets are very small Ho
tailed once before several years ago, when member or
tue hrm oil Baldwin Harper, and was IN consequence
unable 10 do BUSINESS except as agent having never
succeeded In getting nis discharge from bankruptcy.
The habllies oil the 0rin OF Rhodes Server. prod
commission merchants, at No. 20 whitehall
street, who recently made Tn assignment tor tho
benefit OF thcir creditors amour, 10 ABOUT $4,000,
tho differences 10 some Of thcr foreign accounts beng
much more iavoi able Than was anticipated The Grm
shipped large quantities oil cheese 60 London anu for
time the business was proilape, but the failure OF
a London firm Tor over 81 900 0Oc caused great de-
cline IN values, ana Tue losses IN shipments caused
the iailure OF Rhodes Il server The value Of
the assets not .nown but they arc placed at IRON
| simon Haberman made application yesterday to
| Register Dayton i,r his discharge from bankruptcy,
but as there opposition on tho part OF tue credit
tors the Il time was allowed IN which 10 ne specih-
| cations.
The creditors OF the nrn OF Day, Hoagand Siigcr,
! Wholesale druggists AT No. IS Barclay street, who
committee OF three 10 investigate their accounts ard
| report bass Tor settlement At meeting OF tue
creditors report OF the condition OF the nrm was
presented showing the Liabilities to DO S6l U00 tho
| nominal sssos amount TO $4,000, and theIr actual
| va,uc placed at S32. 100
| Downer Il ST. John. drug importers at No. 20 Couat
street, arc negotiating win ncr creditors Tor set
eneDt, which viii PROBABLY DO at hiiy cents on Tue
dollar, although the exact ngure has not yet do
cided upon, MS the accounts have not all been COM
| plocd Tue friends OF the firm do not think their
assets reallze more than tue above n.uro OWING
| to variety oil contingencies The amount oil Their
liabilities Is not known WITH cxactness. but they are
| estimated at about $3.50 900
| James Fleming ana Charles G. Woeber. dealers IN
seeds st No. 81 Nassau street. made an assignment
yesterday Tor the benefit oil thor creditors. TO John
A. Rider. Their failure caused by tue shrinKage
values and the suspension" oil other partIes in the
country. This liabilities amount TO about 81 600 and
tue assets are valued at -, 900
| The following assignments, with schedules anne xod
were yesterday flied III tue Court of Common Pieas:-
Edward ). sawyer aud Robert +. Sawyer 10 Frcu-rck
| W. Baldwin. Inc liabilities arc stated at $l1,65O To-
nominal So s5i rs and assets at e. isi 81
End Scrnc To Frederick Lewis. The dcots amount to
sll .2l 81 nominal assets to So, $50 IL aud real
| assots To 1,SIl IL.