The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-09
BUSINESS TROUBLES.
HEAVY FAILURE IN THE FUR LiNE--THE
BISHOP sUsPEHsIoN-PErIrIoxs IN BANK
RUPToY AND OTHER MISCELLANEOUS NAT

HEAVY FAILURE IN THE TUB LiNE--THE
BISHOP susPEHsIoN-PErIrIoX IN BANK
RUPrcx AND OTHER MISCELLANEOUS NAT
TIERS
The failure Of Hsrzg Brothers, importers and ship
psrs OF iurs and skins at No. So Mercer street, was
announced early yesterday. aud later in the day tho
firm ado an assignment tor the general beneht oil
thor creditors TO Mr. Frederick Lewis Tho total
liabilities are estimale cd $l500Oo to $4,000,
OF which there Ia in Europe between $4,000 and
500. 900 and the balance here. Tho assets consist
mostly oil stock in trade and book accounts, but their
value has not yet been ascerained. Tho failure IL
manly attributable TO the steady shrinkage IN values
which bosn going Tor Two or threo years past
There have also been heavy losses sustained
on account OF the failure VI other parties inc
Indebtedness for merchandise hero does not amount
10 over ST. 500 or ST. 600 greater portion beng due
10 various banking institutions Tor money advanced
for foreign exchange Tue firm composed OF Simon
and Philip Herzis and they succeeded Hsrzg Brothers
q Leopold some tour five years ago. The drm
claimed Ia 1875 TO about $40 900 net. They
are burned out on Two different OCCASIONS, the last
time being IN 1874, and thov subsequently obtained
something ks $40 600 iron tie insurance companies.
lu May, 1877, the rradesmen,s BANK Obtained Jaag
gum being $lS7G 33, GU u0te Drawn ny thom.
DIRECTION was made pay Ing tins note on the ground
al -
,adg,ncnt was aitcrward satisfied IN July, 1877.
Morris j. Hirsch, representing i've credtorsQ 81 Len-
man a. Lew Samuels, Wholesale outchers ana meat
.xoor,.rs No No 7s2 First avenue, has nlcd petition
m bankruI icy against the firm. which VIII come up
Tor ADJUDICATION on ,he 2'th ns. Chains ~ ns
prtitouing creditors amount 10 $l5oo4 90, "nd are
us follows: -Beuiamih e Coon, 500 ~ Louis re-
geuslviu S744 IS; Rafferty, \ Williams, $1,000 -;
Thomas RAFFERTY, 81 jOU; NatioDaf steamship Com
uany 81 $40 o. Tue nrm, whicn was one Of the
igesl IA the business. failed last Scpiemo'r, wiih
naDil,os amounting TO $277,000. but elected sell
m thei
dollar.
fled voluntary petition III bankruptcy IN this city,
having liabilities amounting TO IS 200 ana no assets
Among MS creditors are Homer Kamsdeil & Co,
81, 1906 Nicholas Dcmaresi ~ ZO0; Jonn D. lutniil,
81 COZ; NJ. $. Johnson, $500.
LOUIS Cans and Isaac Louis who wero formerly
traders ~ this city under The nrn name o! L.. Cans
4 Co.. have Tiled voluntary petition In bankruptcy
n, order 10 got rid Of old debts mostly contracted
during the year 1871. The matter has been referred
10 Reg aytou, who viii take further proceed
ings Tho lrm liabililss amount TO 5000 ~, and
there are no assets Neilher OF me primers nave
any individual indebtednoss Among the pnnripai
claims set the schedule are those OF Phtiip
W. Frank, $1,000 80; James Taicott, S3,I4O 26
Raphael stern, Cinciunati $oioz; >. fsaef, C'ae'I-
matt, $3.50 w.
Now YORK creditors OF X. n. Bishop L. Co, whole
.aio proccrs a. CInc,nnal, held u private meeting
Yesterday al the ONCE OF b. g. Arnold Co., In Front
street. so consider tue oGes made oy INC nr 20 set
lie thor indeb.sdncss either The basis vi forty
the dollar IN cash, or else give up sheI en-
ure assets for the general benefit VI Tue creditors
The committees. after sono dellberation DECIDED 70
submit anotlsr proposition At general msotihS u
tue creditors 70 10 neld to-day aud which u 10 OK
psc.cd viii 10 equitable adjustment whereby
Tho business still be continued.
Leopoid J ar0sawski and LOUIS Jaroslawskl, NOR
chants bankruptcy before Register kstchuin, WIN
.olai liabilities Of about $60,0UO, mace application
yesterday Tor their discharge from bankruptcy, ana
Is none Of the creditors appeared IN opposition The
motion will be granted IN duo course
Benjamin franklin rrumpy. who made an assign.
mcnt yesterday 10 Daniel b. Vsrmilye for the ben.di
UIcrcditors, dad business as grocer at NO 7S6 Skin
avenue. He was formerly ~ Greenwich. C0un., AMI
opsned the above concern branch store. lie
claimed Investment OF So 900 here anc AZ much
more IN Greenw ich. He carried stock Of about