The New York herald., 1878-02-21
BUSINESS TROUBLES.

FAILURE OF "A LARGE COAL FIRM-PRocEED-
INGs IN BANKRUPTcY AND MEETINGS or
CREDITORS.
The firm OF Walter, Donaldson l. Co., shippers and
dealers In coal at No. 10 Trinity Building, and at
Philadelphia and Boston. made assignment yester-
day Tor the benefit of their creditors 10 Andrew W.
Kent II is signed by franklin Waiter and howard
Walter the other partners, Robert U. Thomas ana
Samuel Donaldson. being out ofthe State, tue latter
In Florida and II that they we're duly notified
that the assignment would be made and have not dls
scented thereirom. Tho news Of tnor failure was cir
cuated the trado early ip the day. and occasoned
considerable SURPRISE as the hrm was cons'dereo
wealthy and had excellent credit They bought very
little coal IN this market. the main ONCE peing in
PhIIadelphia, at No. 205 Walnut street.
At the Office OF the firm in Trinity Building II was
said yesterday that the failure mainly due TO the
strIngency OF the times and TO the large amount OF
paper thrown back them by parties who we're un'
able to meet their obligations No definite statement
could at present be gwen regarding the amount OF
their liabilities assets the accounts had 10 be
made W from the three Offices, but II thought the
liabilities would exceed $l00 100 The lrm mas been
in since 1870 cuiehy sold the coal mined
by the late b. b. ThVmas aud known as the ih0n'as
coal" The real strsngtn Of the firm was IN Mr. 3. D.
Thomas VINO died in Octobcr last; he was also con-
nected with numerous corporasi2ns, mainly 10 Ine
coal and iron trade. Before his Heath the nrm was
nul partners, Harry Waiter. died since the hrm was
established.
winthrop NJ. B. Ham mond. William s. Middleton and
John p. Dyncu composing the firm OF W. n. b. HAM
mond l. Co., dealers IN hardware corner oi Churcn
% sMa srss 81 shs .radors 20 Charles Wssso6 Their
failure Is ascrbed to the Ion. arrival o remit'ances
from Soulh America. The liabilities are reporter 10
be about SIG, ,000.
A petition in bankruptcy has been filed against
Adam Keiin dealer IN wines at Nc 70 bowery py ten
creditors whose claims aggregate So 800. In the Pc
to hinder and delay his credtors ana also ihat
when IN contemplation OF bankruptcy he confessed
judgment in iavor Of his brother, Henry KeIm, for
"a, 929 56 with intent 10 give the uttcr eerence
ana 10 defeat and delay the operations Of the Bank
rupt act. An order 10 show cause has been Issued,
return able on the 23d inst
Hannah Baile. dealer IN groceries at NewDurg,
has gone into voluntary bankruptcy IN this CITY nav
sets about 81 0Oo RE principal creditors Charles
Brolner, $1,000; jon HaIiock, 81, ,298 "a
J. X. Upnam, manufacturer OF has, has hed vol
His liabilities amount to So 935 o. aud he nominal
assets amounting TO $2,917 which are In possession
nc SnSta ~ vrue Ss 1 nraepaI as sred,.ors
Davis, $1,600; Seman, kiouss Co., S90O; =. W.
Orv,s, Sl,SoO; Porter Croiut. 5000
SIX creditors oi Lorln Brooks Son, dealers In
bouts apa shoes at No. 4S85 ~ Broadway, have ned
petition to have them adjudicated involuntary bank.
rupts, their claims being US ioIlows:-MilIer McCul
iough Il Co., $85s IS; John W. Dudley, $3.50 50;
Newark Mutual Boot and Shoe Company, $3.50 6J;
Meyer Logan. 81, lso 81; A. Len7 Co., sSia "a; A.
Adam Carr, manufacturer of pumbers' supplies at
No 43 Cortandt street and at Paasac, j., has fled
q petition before Register Dwight for composition
proceedings In bankruptcy He offers TO settle with
his creditors thirty cents the dollar, payable In
three instalments at lour, eight and twelve months
Register Dwight has called the first meeting oil cred
itors on composition TO be held on March D.
There has been considerable litigation over settle
mcnt OF the affairs OF tho firm Of Dumahaut Spiccr,
dealers In marble, who went into bankruptcy before
Register Dwight over TWO years ago, Win liabilities
amounting " $119, 900. The chiei point IN dispute
was with reference the proposed transfer OF funds
hold by State assignee to the assignee in bank
ruptcy Tho BULBS Head Bank holds claim for
agreement could be made The Register has closed the.
proceedings referred the matter TO Judge Batch-
ford Tor hnat decision.
meeting Of the creditors OF Lewis Benedict & Son,
dealers IN iru,t, No. 81 Barclay street, VAS held AZ
the Office OF Register Dwight. and composition offer
was submitted settle NJ live cents me dollar, IN
notes ut three and six months. number OF the
creditors thought that larger dividend could be paid
ana an Adjournment was allowed for further exami-
nation OF The bankrupts.