The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-28
MERCANTILE DISASTERS.
Joseph Stiner, the Tea Merchant.
Fails for $270,OOO.
OTHER FAILURES ANNOUNCED.
The Liabilities Heavy, the Assets
Very Small.

very OIIldiA.
Joseph stner. the tea merchant made an assign
mcnt for the benefit OF his creditors yesterday TO
Jacques II. Hertz. he has thirteen stores various
parts OF the city, the principal being at The corner
Of Chambers and Washington streets. "A majority OF
them have been paying expenses but his business
was affected by real estate, which he purchased ut
high figures and has carried tor several years at u
heavy loss. He WAS IN the real estate pool with his
brother, Philip Stnor. Abram j. Dovaie and Bernard
l. Alderman, who purchased tho Dyckman properly.
They all taed and he the last 10 bear the bur-
den, his Losses amounting to Sl35, 0O0 During
the past two years he has been endeavoring
to free himself from real estate and put mis-
business in better shape lie gave $40, 600, payable
900 yearly, to the DycSman estate to obtain
release IRON that LIABILITY. His wife hand.
some house ana grounds ut Irvtngton, which cost
$4,000, but which valued at about $40, 0O0
with u mortgage of $4,000 Hts liabilities amount
to upward Of $270, 600, Of winch 100000 are on
bonds secured by mortgages, and $70 900 unsecured
The consist OF the stock aud axtures In the
thirteen stores and II Is thought may be equity
in tho real estate, but II Is considered doubtful
Foreclosure proceedings were threatened, and the
only recourse to MAKE an assignment, In order TO
protect all the creditors
Mr.. Stner said yesterday that he had been In bust
moss for quarter OF century anu had always paid
his debts In iu, but he borne down by real es-
tate He haa endeavorod to pull through, but could
not, and he hoped to make satisfactory settlement
AS to the liabilities def
initely the amounts, but would be abo give state
ment in few days, an inventory Of the stock was
being taken.
Mr. Hertz the assignee, took possession yesterday
and will continue all tho stores for the present.
W.
George w. Beach, railroad contractor at No. 40
Broadway, has filed q voluntary petition In bank
ruplcy teiorc Register Little His liabilities AMOUNT
to about $4,000, Of which sl3l.0 secured,
the security being Warwick Railroad Company bonds
and notes His assets consist Of claim
against the New Jersey Midland Railroad
Company for construction amounting to $I47,0O0;
claim against the Brooklyn, Coney Island ana ROCK
away Railroad Company for Ss,o75 damages for
alleged non.iuldment OF contract; notes, about
$40 900; miscellaneous claims. S1,975 80 aud l,345
shares of stock In several asphalt companies The
principal secured creditors vose, Dnsmore Co..
$33, 57s or Lochel Rolling Mil Company $35 SAT 81;
Jackson Bank, OF Providence, S. 900; Rhode Island
National Bank, 81 O75 35; c. II. George 4 Co,
So 500; estate OF Matthew Band, $50 81; Thomas
Kutter, f6,Sl6 SO; Andrew j. Duel So, I66 81; A. G.
Barstow, s3,576 $50; George L. Clark $4,000; Provi.
dence Dredging Company, 81, 900 SO; Ames Il Co.,
1920; Joseph 7. Martin, $4,000. Among tho I'M
secured creditors HarIon & Holliugs worth,
Sill, 900; Stonington Railroad Company, sZ-s39 80;
Thomas j. Hill, s.. os5; c. II. George Co.. ST. a16 o5
d. +. Green, assgaco, $1,51S 81; Providence Spilo
Company, sl,4S4 10; Charles Hnliard, $l,6.s2 20;
William Ware Peck, $9,42a 80; William II. Mo.yan,
s2,75o
NATHANIEL BuKcHELL.
A voluntary petition IN bankruptcy has been nlsAf
before Register Dwight by Nathaniel Burche, larlyA
| Of
amount $2ss,ooO Of which about 1854 900 are So
ourod Tho principal secured creditors are the New
York Lilo Insurance Company, $685. co., Equitable Lilo
Insurance Company, S27 900; Mutual Lilo Insurance
Copayn, s27 900; Greenwich Savings Bank, $40 600;
Emisran Industrial Savings Institute, S. 0OOj Bank
Tor Savings, $4,000; John v. Marshall $40 500; Jamos
Thompson, s., 293; solomon Marx, 81, 500; Marcus
Sharp, So 500, Jacob Young, 81, 900: Andrew Kuch,
$1,000; A. l.. Laorge s22 500; estate OF ". T. Bod
gett, $40 0O0: John J. Burcnei, .75Q Among he
unsecured creditors arc:-Maitnew HAM. Sal OS5 GO;
francis J. Hoop SOTO 10; Morris Cham, "a, 300;
q. w. Davenport 81, 000 He las assets
SUSAN SULLIVAN.
Susan sullivan, of NO SO East Eighty third street,
FLED q voluntary petition bankruptcy yesterday be-
fore Register Dwight Sho Is tue wife OF John SuilI
van builder VINO failed two years ago and inc
greater part of tho liabilities bona mort.
cages and Judgments tor dehciencies Prop
cry in sxty-hrst street, near Madison ave.
Fny-seveutb street near sixth avenue was purchased
in her name and buildings were erected upon u by
Of the Oond aud judgments, the property having
orecosod The schedules give her liabilities about
Sl6Ooo, Of wncn sl3s.62O 10 Is secured bond aud
mortgage. Among the creditors are tho estate OF
Louis Easein sos 600. secured tor S9v. 900; Emanuel
Einstcin, So, 800 securcd Metropolitan Lie lnsur
ancc pany SIS 900, secured; Bernard N. smith.
s3,0l3 lG Shaier hull Quarry company. ST. lzo 70;
Louis A. Wagner, sI,4oo; German Savings Bank,
1886 IL; e. B. Kcogn Co., $1,000 o. She has no
ascot.
YoUSGs, SMITH CO.
Register Dayton has received voluntary petition
IN bankruptcy by Youngs, smith Il Co., importers Of
sugars NO IS south street. he schedules give liza
bihIics amounting to about $345. 900, OF when
$50 900 is IN accoom odst,on paper aud accctencss
OF Paldo. Rionda Co. and Ronda, Benjamin " Co,
ot Matanzas. Among the creditors The estate Of
Robert ii. Gerard, $4,000 II; Edward I. HAWKINS,
MIRA c. o. smith, s6aSs AZ; wilnam 5. smith,
s22,33z Al
A voluntary petiiion IN bankruptcy has boon filed
by Frank iians. merchandise broker ut No. liz
Front street, before Register Fitch. HIS liabilities
amount to $llZU0O. mainly contracted when mem
Der OF tho late nrm Of Winthrop q. Ray Co. Among
tho creditors Dan Tainiagc's sons "a, zzi -;
Bank OF ortand, So, Ooo; Mcfchants' Natonai Bank
$50, 600; sheldon, BANKS a. 90, $4,000. Hs has no
assets
j. T. ALLEN AND CO.
James I. Allen and Frederick Monr, comprising the
nrm Of T. Allen Co. dealers IN furniture At No
al Canal street. went into voluntary bankruptcy
yesterday before Register Alien. The schedules show
iapntes amounting to s6sooo. Of which 81 900 are
secured, and 81, $40 81 priority rhcrc also la
biity IN the amount OF s6,2s3 a. The
gwen AZ $4,000, OF which there ~ stock $4,000
machinery, Sc, So 800; dcDts due, 50 20O. Mr Ael
has inciuded debts OF $3.50, ana Mr. Mobr 80 $50 o.
Among the creditors Henry Z. SisDe, $U,155 90;
Wcnnd Darker, IS 900; James T. Whiting e.. 500 "a;
Watrous Wilson, $4,l7s %; William .. Domins,
$1,000.
FRANKLIN w. BROOKS.
A voluntary petition Bankruptcy has been fled
before Register Fitch by vrankin W. Brooks, oroger
OF No $40 Broadway, who has la5iiities amounting
10 SGO,0U0 aud no assets. Among the creditors arc
Pnilip u. Hoddy, Is, 500; Edmuna PsrkmcD, 1000.
Nathaniel Cox, 81, 200; n. Is. jacobs. Loo: j. j.
Patterson, $1,000; Charlotte J.. Jones, $4,000;
Charles A. Eidrldse, $4,000; William Fullerton,