The New York herald., 1878-01-13
TIE HENEY FAILURE.

Tho Wholesale establishment OF Messrs Jonn T.
Henry Curran & Co.. No. College place, was not
opened yesterday until near noon at which time the
members OF the firm arrived and the clorks and en-
poyGs were detailed to the task OF arranging their
accounts setting things right in the store Messrs
Henry, Curran Bowen mad been occupied during the
morning in the arrangement of legal mPtters con
nectcd with the gnment which the firm had made
10 their cashier Mr. Benjamin Ii. Dewey. Messrs'
Henry and Bowen made the following statement OF
the situation o. their house yesterday aternoon--
STATEMENT BY THE FIRM
ssBy advice OF counsel We made an assignment this
morning in favor OF Mr. Benjamin II. Dewey, our
cashier lie Is busiy engaged with the clerks in pre-
parting statement OF the condition of the firm. II
cannot be completed, however, until Mr.. Dunning Is
able to effect settlement We took TINS step ad-
visedly because our Mr.. Curran a resident Of
the State, and this would allow several small
creditors who made demands Thursday
To carry out their threat tha. II not paid
they would attach our goods They could close our
safes, keep from the books. and we could not get
out Of their power except by going into bankruptcy
We shall treat ali creditors alike; and we are glad TO
say that large number Of thom have called and ex-
pressed their sympathy, stating that they would give
all the time and aid we wanted. Mr.. Dewey Is
acting advice of United States District Attorney
A. W. Tennoy, OF Brooklyn, associated with Messrs.
AN UNCERTAIN FUTURE
'sWe cannot tell how shall stand with Mr.. Dun
ming until he arrives at some settlement He has in
his possession large amount of papor-Sl00 600,
more or less-for which ho has made returns
We had much confidence In him that on Monday
and Tuesday last we gave him $4,000 In paper,
he promising to give US money for 1t dur
ing the week. Tho check for 5000 which
he gave Tuesday returned unpaid
Wednesday afternoon at three O'Clock, shis being
the first intimation we haa that he was in trouble.
We called several friends and, acting under their
advice gave orders by telegraph and mail to stop buy
lug goods, cancel all orders and to hold all goods
coming In subject the orders OF the parties from
whom they came Not a dollar has
store from the moment We learned OF Dunnng's
failure.
CONFLICTING STATEMENTS DISCUSSED
ULoG being asked tor an explanation of The state.
mcnt that the employees OF The concern had not been
pId, the reply was:-
.'rurn there and TOR yourself the long
line oi employees who are being paid az Tho Cashiers
desk, usual We shall not owe any vi our hands
aolar. We have now employed some seventy
empioycs oil one KIND or another the employment OF
whom our assignee Will have TO decide upon next
Monday"
wnile this passing the hands continued to
their dues at the cashiers desk.
Referring to certain remarks OF Mcssrs. Robbins, OF
the firm OF McKesson Robbins, and Dcmas Barnes,
published yesterdays HERALD, The statement of
Nr. Bowen was 1--WE have received the sympathy of
large portion OF the traoc IN TINS ana other large
cities throughout the country. We certainly did not
think that rival houses within lew streets would
lower then make statements which tney
dared not make under their own names, and when
the reporters have not time TO substantate one OF
the reporters to-day sad that Mr.. Barnes had stated
that had bribed the commercial agencies TO
give us better standing on their books Than we had
deserved; all o which reports untrue, and pJurl
not only TO but also to the three great agen-
cics Of The country"
UxFrLFILLED PROMISE.
Ii Is true that Mr.. Dunuing promised us SIC 900 on
"Wednesday. Mr.. Henry went To nim to get IT, and
waited hours, the clerks saying tnat Dunning
would bs IN every minute Al hali-past two O'clock
Mr.. Hcury told that Mr. Dunning had
pended. His absence, We atterward learned,
owing to his bong closeted with the directors OF
banks with whom he had large negotiations.
ment hoping thereby TO be able effect
settlement, which he trusted could be
done IN twenty-our hours, and whcn, If effected,
might have stopped all subsequent trouble. We have
known Mr. Dunnng over year, ana believe BIN TO
be honest and desrous dong everything he
settle has troubles IN way that will he satisfactory to
all par les. +"
..wuat about Mr. Dunning's statement to the effect
that all your paper IN his hands belonged to hmthat
be hrd purchased NJ"
.His statement have beon misunderstood
There Is sloO, OOO more or ess in his hands that ho
has not pad US lor.'
''Sone OF tue papers stated that your firm have q
secret UNDERSTANDING with MIR. Dunning.h
'We emphatlcally deny any sucn insinuation." "
MR.. BowESs ESTIMATE.
Tho suspended nrm had business relations with q
large number OF houses all the Union. Mr.
Bowen states that he not think the liabilities
will exceed 5000 OO0 and believes that II
be allowed TO 10 on II can pay dollar Tor dollar.
Mr. Dunning, when questioned yesterday abou; the
discrepancy between his statement and that. oil the
house Of Henry, was very reserved; no would only
that affairs we're In 80 confused condition at
the time that he could afford positive information.
lie hoped that pending nesouatIons would result in
enabling him TO resume Dusiness