The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-16
BUSINESS TROUBLES.

INVESTIGATION OF THE AFrAIRsfoF JOHN p.
HlNRY, CURaAN co. --FAILURE OF CAM
MEYER MASON, AMP OTHERS.
The nrst exam naton into the affairs Of the firm OF
John +. Henry, Curran Co., wholesale druggists at
No. College place, under the bankruptcy proceed
ings, took place yesterday before Register L'lte,
application having been mado on the part Of somo OF
The dissatisfied creditors tor examination Of Mr.
Benjamin h. Dewey, the State assignee. Mr. Robert
I. B. Easton appeared counsel Tor the assignee.
and ex-Juags Amos G. Hull on behalf OF Colgate d
Co. Before the proceedings commenced Mr.. Easton
asked permission q statement and also " re-
quest that the matter be adjourned. he said that
N. Dewey dd not seek the position OF assignee F;
on the contrary, II sought him, and when he en-
tered upon his duties he gave great deal OF his
time and atieasion, and IL caused hun considerable
and trouble ana during sns progress Of his work
he encountered much unsrienoiy opposition. II was
the desire OF the bankrupt arm, we'll rs the AZ.
sgnse, tho fullest Investigate The part
Of creditors. and they willing and ready to per-
NIT this at any times but n the investigation was
proceeded with now IL would take up great zeal OF
and unnecessary annoyance, and he. there
fore, asked for . week more.
Mr. Hull said no opposed 10 having any adjaurp-
ment He appeared there without having tho slightest
prejudice against MIR. Dewey; he mad no uniricudly
ieeling whatever toward aim, but, OF tho same TIME.
he was opposed to adjournment unless valid reasons
were advanced. Register Little rema ked that he did
not understand il as an uniriendiy proceeding Mr.
ull reiterated that he not there 10 CRAFTY any
spige he asserted that he would do moth
ing oppressive The formal proceedings then began
the Register deciding against I'M adjournment
Mr. Easton then read his objection to the examina-
tion Of the assignee, as foilows;- :
OBJECTIONS 10 Mr. pEwEY's EXAMINATION.
FrTha; the petition shows tina, the object OF the ex
dschr.e OF the o.nsrapts has been held n re Brandt
H. 2l5 thar such Information no one as the light to
given unless be upon the trial OF issues questions maze
.seoalrnis assignee ha. already furnished complete
which is on record e has further furnished detailed
COMMITTEES OF creditors chosen AT meeting
mitted counties al the books IN ms possession
books oapers and proceedings the aud Of Ills
books tho part OF any or all the creditors OF he
Tla-rbis assignee has rign. the protection Of the
Fourth There 10 doubt whetLsrin composition proceed
ngs even The d 1ors may not be able to
under these p.ossednss Ss me sXam"sscn OF witness,
creditor in tais proceeding
Tne objections were placed nle, the Register say
ing mat could see .hat he mad ANY autaor.iy
Mr. kaston appealed Tor friendly spirit 10 be cvinccd,
aud Mr.. Hun snd no ad not desire It TO be conducted
any way, but justice 10 his clients he
certain lacts eliminated. and, therefore, he did
want any delay. The trade marks belonging to
"a
litigation that value would entirely disappear; he
find out where these trade marks are, what
they are aud, IN TACT, all about them lie was thare
10 throw light upon matter Finally the Register
overrued the written ooJectlous aud decded uas the
witness must be- sworn
THE AssIGsgE's TESTIMONY.
Mr.. Dewey then sworn aud examined by Mr.
Huh. He teslined that he had known Ar. Henry Tor
b periou Of twenty One years. and the members OF the
1rm were personal irienJs he Was employed as thor
BOOK keeper ~ twu different times; Inc urn made u
gen eraI signment to him January IL, 1873 and
he
Office, duplicates Ia his own possession duplicates
producea Tho schedules OF assets were not made out
time, but since and now lie duplicate
copies being Al The store; the firm was embarl assed
before the assignment, Dut he could not specify
sctiy long, Uut thought IL was about The Of
Dunnhg's iui.ure, anu the hrm probably ,insolv-
ept lor three or Jour months beore tina sales were
made GU the nrs aay Vi tne assignment lof CASH 70
the OF $500 or $5u0 but these attcrward
ceased ny advice o COUNSEL; ne thought $500 would
about Tue entire receipts; no good. were sent
away consignment; he received about $4,000 Tor
goOus sold January IL 70 The present time, AL
drion To which $4,000 bills receivable inc hrst
note wnicn we0r protest was January .; he had
paiu money u various parties such as employees
and Others, but could not state the exact amount;
among others 81, QUO was paid as retaining zee TO
counsel; ne had vouchers Tor everything he mad paid
OUT with one exception, which was Tor aoout S. 81.
In relation to Tho trade MARKS the witness ned
that u list Of them included In the cledules;
among mo number were baKer's pain panacea,
Hairs baisam, scovilies blood aud liver syrup,
NOUS pills, Henrys carboc salvc, DEMONS bal
sam keilinger's IMMINENT other proprietary
recipes no could not give an estimate OF the propvr
ton oil profits the business derived from The sale OF
the goods manufactured under tho trade marks;
number The trade marks were sold during the pact
year, but he could not give all the names from mem-
ory. Tue examination was then adjourned until next
Tuesday.
john +. Henry, Curran & Co. Tor composition III
bankrupcy the terms recommended by the COM
mittee creditorsviz, thirty seven and half
on the dOllar-ten cents cash, i've oents In six
months, ten cents IN Twelve mootns, nve cents IN
eighteen months and seven cents and halt IN twenty
iour months.