The New York herald., 1878-03-09
FAILED IN BUSINESS.
Examining the Affairs of Henry,
Curran & Go.
MISTAKEN ENDORSEMENTS.
The Bankruptcy Proceedings OF Greenleaf,
Norris & Co. and Others.

The examination OF Benjamin II. Dewey, assignee
OF the bankrupt firm OF John f. Henry Curran Il Co.,
wholesale druggists continued before Register
Little at No. Warren street yesterday. The greater
part Of the tmo spent in explanations. Firms
who were actually debt the pankrupts appeared
on the list creditors. The Of TINS was that
such firms had either failed had transferred the
paper Of John +. Henry, curran L. Co. TO other
houses who had also failed Most Of the debts being
In tho shape OF and their makers not being abe
10 redeem them John +. Henry. Curran Co. were
labie for them indorsers, thus occasoning the
seeming anomaly OF having settle both sides VI the
account.
Mr. Dewey, being callod to the witness stand,
examined in regard TO the schedules OF assets
and liabilities by Mr. Hull, counsel for some OF the
creditors. The witness stated that tho total amount
OF bills payable was 1854 600 % A dispute next oc-
Cured between counsel whether Mr.. Dewey
should be allowed explain some Of his previous
testimony. Register Little said that he believed 1t TO
be the object of the days examination to correct cer
tain impressions that had gone abroad with regard to
Mr. Deweys testimony on February 26 The latter
was then allowed TO explain his testimony. Ac-
cording 10 his former testimony 1t appeared that
many Of the firms considered as creditors were really
debtors OF Jonn f. Henry, Curran q Co. on account
OF their notes held by the latter iIrt In ali such
cases, however, the firms makers OF the notes had
iaied, and the banks which had taken up the notes
had come to joan y. Henry, Curran Il Go. Tor tho
money and me latter were accordingly Obliged TO pay
then as indorsers.
NEUTRALITY-SUSPICIOUS. coRREcTnD.
Mr.. Dewey then took up the dnerent names on the
schedules and explained the meaning OF tho amounts
placed alter them rs iollows--
To l. L. butcher * sons the bankrupts had gwen
notes Tor 314 81, while they owed John Il.
henry. Curran Co 80, ia II. In addition TO THIS
John +. Henry, Curran L. Co. had lndorsGd and sold
in the market Dutchers Tor $24 OO5 54 making
$4,000
10 Charles A. Gilis the banKrupts had given their
notes tor $53437 25; they werc also liable as m
dorsers for Charles A. Gs Ia the sum Of s4s 2es 90
while Gs credited their books with $42l0 IL,
thus their total liability on this account ABOUT
$1,000
TO Reed Il Co. the bankrupts had given their notes
for 81 607 81 and were liable Tor THAI amount.
TO A. /. scovllie & Co. thew had given notes
amounting TO sos S23 So, and had ndorsed Scovie's
notes $56,67S 20, upon which they were also la
bic. Tho irst direct liability; the second con-
tngcnt one The bankrupts also liable for nearly
tour years. interest on SO las 20 due Scovillc.
10 Frederick Brown, OF Pniadelpnia, they had
notes for $685. GA 29 still outstanding and un-
TO William NJ. Giles Il Co. they had given notes
for $6,30S TO- which had been indorsed aud dis
counted.
10 Henry Johnston Il Lord tho bankrupts had given
S61S2 63, and were liable as ndorsers for
them IN the sum OF Sl1, ISL a.
TO Heyemau Il Co. they had gwen notes for
$50 7os 7e ana had sold aud discounted the lormors
makers and indorsors about SCI, 600
70 Gridley IL Colin they had given notes Tor
81, 34o still oustandins and unpaid
10 T. w. Hoa2laDd thcy had given notes Tor
$10,232 SO, ana indorsed notes or nearly an equal
amount thereby making their liabilities about
S22, 4U5 G6.
As an offset to their liability on Grdley g. Collins
account the firm held 100 gross Of cordial valued at
S26 gross.
DIRECT EXAMINATION.
Mr.. Hull then Resumed The direct examination
Witness stated that A s. Hogan Go. creditors
In TACT 81, 9,l29 and the list Of creditors were
put Tor 81, $685. the difference was made up by
exchanged notes; j. IL. Scheuck II Co. were charged
$22 900 aud credited with s0S77 "a for goods
ceved leaving krupts' indebtedness $ll y rs;
Frederick Brown OF Philadelphia, creditor ON tho
list ior S53 GA 20 actually indebted S4,4 Ala 20,
but $40 $40 OF tho $53, 600 was gwen on new
tract ior ginger these notes were still outstanding
and unpaid.
Witness then said:-"In justice to myself will
make a further explanation as to why Dutcher "
Sons this list Of schedules. 1t Is because they
convenience suke. Now, Mr Dutcher hold
these notes. The holders OF these notes are the
proper creditors. To my knowledge several OF these
have been transferred by creditors TO outside
parties Every single piece OF paper Tor when John r.
Henry, Curran Il Co., are indorsers have put down
as a liability, SO that am not shifting tho NATTER.
rhe claim oil Brucken n Co. Is contingent claim,
depending upon the result oi n lawsuit
BANKRUPrs' TRANSACTIONS.
The firm OF John h. Henry, Curran Il Co., during
the months anterior TO their failure, transacted
business with tho Chatham, Park, Broadway, Gro
cers' aud New York National Exchange banks Alter
payment which check Of Dunning Co Is,
pad to the PARK Bank, but returned good. This
was the 9th or I0tn OF January.
AT this point the examination was adjourned until
Wednesday next, at one O'Clock, In Register Little's
Office.