New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-08-01


JULY'S RECORD OF BUSINESS REVERSES.
s1xTY-sRvEN FAILURES DURING THE MONTH-PO-
LICE COMMISSIONER WHEELER A VOLUNTARY
BANKRUPT
Sixty-seven failures were reported in this
city in July in which the aggregate liabilities amounted
to 5,73S, IN, and the assets estimated at
7O2 442 This increase of thirteen failures
81 100000 of liabilities compared with the record
for the previous month and increase Of 50per cent
in number and double the amount Of assets compared
with July, 1877 Among the firms which suspended
were the NewYork Betting and Packing Company; Van
derhoOf Beatty, straw goods; A. NJ r. Davies nm
breas slote, WOOdman & Co, blankboOks; Henry f.
HIs straw goods A. s. ThOrp Co., upholstery goods (;
l.. Seinhardt clothing; s. W. Baldwin d Son. leather
Walton & Friedberg, paints; George H. Kitchen Co..
gas fixtures; r. r. Bsrshold, commission merchant
John Burchel builder; Police Commissioner Wheeler
and ex-COIlectOr Thomas Murphy.
Dewitt G. Wheeler, Police Commissioner has been ad-
Indicated voluntary bankrupt by Register Little. The
liabilities amount 20 about Si5OOO0 nearly all OF
which are on Endorsements for other HIS direct
liabilities are than So 600 The pressure OF credit
holding the notes which he Basndorsed was the main
reason OF his taking proceedings in bankruptcy and
with an ultimate view of making composition with his
creditors. He was Teputed 10 be worth at one time
$780, 0O but his generosity TO friends has severely
crippled him. He in the habit Of loaning as much
as So 600 at time friends taking their notes Among
those for whom he Endorsed were ex-senator Alexander
Mcdonald. Commissioner John !. Davenport. Nelson
Clements, Henry g. Marsh, and the Hudson Bay Iron
Company. The assets nOminally much larger than
his Indebtedness but they consist mainly OF notes ana
stocks actual value OF which remains TO be deter
mined.
meeting OF the creditors Of slote, Woodman 4 Co,
blank-b0Ok manufacturers az No. l23 Nillam-st was
held yesterday az the rooms OF the Satonel Board OF
Trade George L. Pease presiding George W. DayIds the
assignee submitted state nent showing total liabilities
of $3.50 600 Of which $4,000 contingent. the
sets nOmnally 100000 Among the large merchan
disc creditors Marx Twain 1874 RaynOr Co.,
S7545; 4. Dayids & Co., $5.140 HOlyOke Paper Com
paiy 81 494 The creditors expressed their sympathy
with the firm and confidence In the assignee requesting
him to carry on the business for the present commit
Tee was appointed 10 make examination and report
a plan for settlement.
Judge Van HOesen, IN Common Pleas. Special Term,
granted yesterday thirty days further time 20 he the
schedules OF Thomas Murphy, VINO recently made an
assigument for the benefit OF his creditors.
The creditors OF ROdger, Wardrobe Co., importers OF
aces at No 80 HOwar-st. yesterday received an oner
for composition nc 80 cents the dollar, III notes at
three ard nine months, The Liabilities beng S9J2z0
and assets T4ssO3. Melville II. Regensberger, repre-
sentug Robert StrOthers opposed the composition and
desired an examination.
An assignment for the benefit OF creditors by Lefebrd
d. Gordon and Joseph r. Gilbert tGOrd0n d Gilbert pr
per dealers, No. COlege-place) 10 Rodney b. smith
was fled yesterday.