The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-09-03
BUSINESS TROUBLES
HOW THE sTAr1 ASSIGNMENT LAW WORKS
PETITIONS IN BANKRUPTCY IRFzRRxD TO

HOW THE sTAr1 ASSIGNMENT LAW WORKS.
PETITIONS IN BANKRUPTCY RRrzRRxD TO
THE REGISTER.
The first assignment for tho benefit OF creditors
under the State Insovent law was made yester-
day by Eikau wai,zeldsr, Jr., importer Of precious
stones at No. Maiden lane, 70 Mr.. Frederick Lewis
The assignment was drawn by ex.Judge Cardozo. and
differs from the form In previous use on account OF
the preferences which are made. II conveys TO the
assignee eli the stock In trade, assets claims and
maads. and property, interest and effects Of whatso
ever name nature description and wherosoever of
or belonging 20 the assignor, Of In or 10 what he
mas or can have to any estate right title interest
(cxcept only property exempt by law from execution
In trust nevertheless. and TO and Tor the and
purposes hereinafter. expressed-naneiy, that the
assignee shall and does take Immediate Possession
OF the properly aud estate thereby assigned
or intcnded to be assigned and convert tho
same into money with all necessary despatch.
ana with aud out OF the proceeds, aiter paying
and ascertaining the coat aud expenses Of carry
log out these presents and the hereby created
In tho nrst place pay and satisfy tho amount princi
pal and Interest," OF the Indebtedness to Fannie Waltz
fielder, ST. o42 25 With Interest from April 1875
promissory note dated November g. 1877 pay able
three months after date. Alter above is satisfied
the next preference 10 BE- satisfied Is that OF Nary
Waitzicder Tor 81, 500 and interest from May l. 1873
on proinissory motto dated November 2S, 1877, aud
thon tho preferences arc 10 DO satisfied drafts
on Levi Waitzisder, ono dated July 10. 1878, Tor
929 marks and interest," tho other dated August
TO- 1878, for 2,sl4 marks and interest payable at
ninety days sight aud accepted by Low Waitzieider
for tho odation OF the assgnor: tho
are about 1925 a. Alter the three pro credit
ors are paid Ia full then the balance Of the proceeds
mr. fri hula tha
pro rata II not enough TO pay In FULL
Mr.. Lewis said Yesterday that ne could not toll the
$50 900 TO $40 He consisting Of je wells
and accounts, out how much would DO realized to Tho
main to be seen.
REMNANTS BANKRUPTCY
Tho bankruptcy clerks Of the United States Court
occupied ali day yesterday In arranging the nu-
inerous petitions liod last week, MAKING the proper
N1cates OF protection other necessary documents.
Among the peti.ions Is ono against The Van Horn
n p ~ ssa 10
was allowed to be taken on attachment In favor OF
certain banks and that al the property owned by the
company In West Virginia, and which Is valued IT
over $50, 600, has been attached aud 10 IN tho
hands OF tho Sheriff The act OF bankruptcy stated IN
tho petition was committed by tho company IN refus-
Ing payment OF promissory noto for ST. 651 49,
payable to the order vi the Second National Bank Of
Norwich, Conn. The matter is set down for hearing
on September II, ana meanwhile Injunction has
boon granted restraining further transfer dis
tioning creditors arc jacob r. wycshoG, ss4' 500,
money loaned; Robert r. Halliday, $297S 80: Edwin
9. Ray, $500: Horace A. Pratt, $2G7.
The petition OF Anthony LAUGH, conicstioner at No.
92S broadway and hotel at Long Branch, has been
tered 10 Register Little. His liabilities amount 10
sos 600, Of which $54 900 secured, and princ-
pAy the result Of unfortunate roai estate
At Long Branch; Among tho secured creditors' arc
$1,000; Augustus O. Frason, $1,000; N. d. woodhuii
& Co.. 81. 5sS So; A. L. Winch Co.. 81, oeo a. Tho
Joseph Rhiara n Sou, sl,6ol James Wer, ST. s2;
W. :; Comm q Co., l,9s9; Isaac Buchanan,
1854. His assets consist Of the auch hotel properly
at Long Branch, mortgsgcd for $3S, 424 In equity;
hog,sler Little has received tho petition Of Henry
L. volkenlng, dealer IN marble Of No. As East Six
ts.b street. who has liabilities amounting 20 $3.50 Co.,
OF which Sis, 600 are secured, aud there
sets. Among The secured creditors tho New York
Lie INSURANCE Company, se1 $3.50; Mrs Trotter,
Blodgeti, sic. 900; Edward Dsnningor So. 800 The
principal unsecured crsdiiorp are Henry l.. o. Asui-
der. ss.Suo; J. Jan,sty, $500; l. d. GloocKmann,
The petition Of Thomas s. risks has been referred
to Register Dwight he has liabilities amounting to
to $1300O0 and nominal assets. Among the
ara Sis Co., e. ssosn
inr, SIS 600; Robinson. Cox Co., $4,000; B. David
:Ha nay; 1000 Soa A. HamOer'. s''iOo. ana B. Il.
the petition Of s.orry Fry. who keeps a livery
stable a, Nor and East F,ityshird street. has been
referred to Register Dwight. and the schedule shows
liabilities to the amount Of $4,000 which include
the following ciaims:--Heury Whitman l. Co,
$3,4c0; jeremiah sheldon, 81, 200 ~. A. p Myers,
$4,000 He has no asso,a
The schedule OF Dow ). Kttlc, butcher, formerly
OF Washington Marker, referred TO Register Dwight,
shows liabilities 10 the amount OF SIS 600, the princi-
pal creditors being Macy Co. $7,s35; W. +. bud
Icy, 81 500; Norris Wakiei Co., 2002 Martin Full.
Ter Co.. 81, 246; Daniel raney & Co., $1,000 He
has NO assets
OTHER MATTERS
Register Fitch has received the petition 10 bank
rupIcy OF John sullivan, builder His liabilities
amount 10 $3.50 00O OF which $l1 l20 secured
toiows:-EsaIe OF Lewis Ernstein, 800 900; Emanus
Ernstsiu. $32 500; Metropolitan Lie Insurance Com
Iany, Sl6,VU0, William Kemp, So 900; shaier Hall
Quarry Company, 81, l2a Among tho unsecured
81 800; rooxer, Arnold Co, s249s; Theodore Rose,
$2,574; Sisgmund N. Pcyssr, 81 $50; Thomas Aosd,
81 700; Gcrmsnia Savings Bank, 81, 355. He has no
assets.
Tho schedules Of josiah r. Brown, whose petition is
referred 70 Regster Dwight give the total liabilities
Al $229 900, which $43 600 inc orsomen,s &C.
COMMUNICATION paper HIS assets consist OF real estate
$23. 500 and interest IN real ut Monmouth
Beach, valued At 81 500, gagged for $4,000 The
prnc pal secured creditors the Mutual Lie psur
ancs Company, $64. 800; H. Vermilyc, sra, 6O0 J. X
Wyckon Co., $l4 533; National Bank OF the Ropub-
lie, 81 $780, Among the unsecured creditors u. N.
seward. x29O0oj Fourth National Bank OF Elizabeth,
$3.50; Brown Ferry, $6,9s4; +. N. Brown,
$40, 600; D. Conovsr, SID. 900; b. Murray, SI2 700.
Tho petition OF James II. HORIZON. pnbishcr Of patent
newspaper outsidcs ~ Middlctown referred yes
to-day. HIS liabilities amount 10 $4,000 and his
assets are nominal
A meeting oil the creditors Of Rodger, Wardrobe q
Co., importers Of lace No. 80 hownrd street, was
hed yesterday at the of;c OF Register Fitch, aud tho
composition OF twenty-five the dollar Ia notes
nj n n M WINS firm VII n n