The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-23
BUSINESS TROUBLES.

MEETING OF THE CREDITORS OF SOLOMON
SONS THE BANKRUPT LIsT-NEw ASSIGN
MENTs.
A meeting OF the creditors OF B. L. Solomon & Sons,
dealers In upholstery ana furniture at No G57 DAD
way, was held yesterday IN tho store. Twenty-seven
CREDITORS were present and many others were repre-
scented. AIR. H. b. Meicalf OF Pawtucke, was chosen
chairman and Mr.. F. A. Burnham secretary. Mr.
Adoph Sanger read a statement Of the condition OF
the firm, showing the firm liabilities to be $373, 962 IS,
with contingent liability Tor discounts Of $5s 706 lO
tho nominal assets $354, los O6. Of when the
value 1924, 1913 30. The individual liabilities OF ..
L. Solomon were givon at $7l2, 025, aud his assets
would depend upon tho reaizaiions from his real es-
tate Mr. sanger explained that the real value Of the
firms gwen above would nave 10 DO reduced,
rs u largo porlIon were assets III California, which
must DO realized upon at once In order 10
enable tho nrm 10 make settlement with
the creditors and justify them in continuing
the business and 10 reaIizs the largest pos.
sibls cash value upon the assets. Coucerasng
tho relation oil tho nrm's liabilities and tne
Individual liabilities OF Mr.. b. L. Solomon, he stated
that they entirely separate aud DISTINCT and II
there surplus after paying the individual credit
oil Mr.. Is. l., Solomon tue balance would 20 into
tue OF the nr ut present ne saw NO prospect
posln1 OF the real cstate vi Mr. solomon Tor The
amount tue mor ages aud there would probably be
nim al no claim against Mr. b. L. Solomon. II was
The general desire creditors settle
ment AS speedily us possible, and Mr.. Peter kenr
moved that Investigating committee of me Fur
nituro Board vi Trade snouid cxamne the accounts
aud further action bo postponed untn the report was
made. THIS was oppOseu by the creditors, who dad
the necessity o Calling IN OUTSIDE Parties and
subsIis was finally adopted for the appoint ent
OF a committee OF seven, which WAS named as iol-
lows Abner Melen, Ii. Davenport, j. 3. Warren, II.
l. judd Eugene s. Balm q. l.. Foster aud Peter Kuhr,
who were authorized inquire Into the all aud
Dor & NEUTRALITY-SUSPICIOUS. Is
rne hrm asked II they were prepared to make
any onvr they replied mat tncy ieI everything
the hauus OF the committee 10 determine 10 tue
tel ms OF the settlement.
Alx meeting Of tn, creditors OF David Valentine
Co., dealers dry goods. formerly at No. $50 Broad
way, ueia yesterday ut me office Of Register Fitcn
john II. Patt was appointed assiguee Inc Liabilities
The crcdilors Of Maas Il Schosmann dealers In
Wines ut No 62S East Six.n street, hsiu meeting
yesterday ut INC Office OF Register Ltc, aud proved
fourteen GAINS amounting ~ about $1,000 Mr. OTTO
HDrwz attorney for the Dankrupts, said that large
ng, and the Register granted AN adjournment until
tue Marshal could mako tue necess ry service. Tue
liabilities amount to ABOUT $40 OOO, Vi which ST. 900
are On accommodation paper
A meeting OF the crea tors of Herman Grau, theat-
rical agent oi No Beekmau pace, was held yesier.
day u the Office oi Register Dwignt the scucduits
presented showed haUites AMOUNTING TO 5000
he assets consist manly oil deUts que and worm
less clas, among whicd are claims Tor 5000 against
Eugenc Pa, pcnhen -Anrcns Tor damages Ia iaiing
siug at coueert Ia CucagO In 1876; claim Tor $3.50
upa st Gcoryo Mackenzie, the chess play or; IA clam
Tor OUV against Theodore Bunc, who WAS killed ut
the usle OF Getty sDurs and claim against the state
Department or the robbery o ms property by officers
auu sOidiers at CITY Point, Va. seven ueLts were
proved yesterday amounting to S., us So. of winch
tue largest me ioowing:-Natn"u Goidscb mt,
$3.50; N. Dutscn, $l,OJv; jacob hirschheld,
sl,7,G 5S Tho creditors i,ed TO agree upon AN as
sisn,e aud the Regis'er oppointed John H. Plat.
PETITIONS IN BANKRUPTCY AND AssIGSMENra
A petition In bankruptcy has been lied against
George Riker, carpenter, OF No. 3l3 West Fifteenth
s2,T3 55 as iollows:-J. D. smith Co.. 81. Oi5 so;
Ihonas Doyie, S34l 10; A. r. Serreil son, $S4y VI
stephen K'ksr, SOL; Dauiel u. piersou, 500 Mr.
RIker contractors Tor the 81. augustine
chapel, the westmorsiand House ana othor pubic
buildings.
ing al No. SS bowery, nave nied petition 20 have
him aujudicated an involuntary bankrupt Their
i s.osnsr ssig ssSu saSs
scbieesten. $1yy %; Frank Greenwood, SOL. IL Is
alleged In me pe,I'on that PinIer on tue l2h INST
gave chat,el mortgage on his stock Tor So 500 to
David WON secure an alleged prior indeDtednsss
with tho intent 20 hinder, delay anu defruud the
"a warrant directing the Msrsnai 10 take provisional
possession Of the property held under process Of
law
A pct,tion IN bankruptcy has been filed against
" Iiam Samuel by i've creditors having cIaIms
woln. $oll 90; Charles Muizer, $2yS 60: Adoipn
Sanger, $593 30; Albert Coun, 500 70, samuel
Freeoman, s44O 81, and the matter VIII como up Tor
Davlu McMulIcu, dealer In shoe findings ut No. 1888
Bowcry, who mas made AN assignments Tor tue bencht
oi his creditors James Mcbride, has liabilities
amounting 20 $500 $780, oi which $243OO0 secured,
aud his assets are hon inay 81 200. HIS emDarrsss-
the result OF depreciation IN real estate and
II Is expected that there Will DO judgment Tor de-
nciencies by the who secured when tue
MOI tgages they hold are iofeclosed.
Register Fitch has aujudicated Marx Meuer, dealer
In arlncial flowers at No. 20 West Houston street. "a
voluntary bankrupt GU his own petitiop, with abiii-
ties amounting to ABOUT So AGO anu nominal assets
81, 1885, OF which 500 rs STOCK seizcd by the sheriff
Joun Russell, mauulicturer of paper boxes al No.
17g Grand street, made sssisnment yesterday Tor
tn. benefit OF his creditors to Randolph Piagsmapn
He obtained composition with us creditors last year
twenty cents the dotar before Register Dwight.
Charles Rohfs. grocer at No. 3l5 Bieccker street,
made yesterday TO LOUIS Siam tor tho
OF hts creditors lie has been Ia business only
a short time and his iiabiite not largo