The New York herald., 1878-02-27
BUSINESS TROUBLES.
THE CREDITORS OF JOHN r. HENRY, cURRAN
co.-How KITzISGEH BROTHERS CON-

THE CREDITORS OF JOHN r. HENRY, cURRAN
co-How KITzISGEn BROTHERS CON-
vERrED MERCHANDISE INTO CASH.
Tho examination OF Benvmin II. Dewey, the ass;g-
nee oftho estate ofJohn r. Henry curran Co. whole
sale ggsts before Register yes
| terday. lie questioned in detail by Mr.. Hull.
counsel for Colgate Co. and other creditors about
number OF parties who figured in the list OF creditors
as to the nature OF CLAIMS, showing how the
counts actually stood between them and the bank
rupts From the Investigation II appeared that many
Of the put down creditors were in
reality indebted TO the firm, while some
OF the accounts evenly balanced and
others were not creditors for large
amount stated in the schedules L. L.
butcher Son appeared creditors to the extent OF
s10,636 10, while they indebted 10 the firm about
So, 600 book accounts, and In all about $500
Gridey Coffin, who are creditors for 81, $40 for
money loaned and bills discounted, hoio collateral
worth about $4,000; the Grocers' Bank, creditor for
So 100 hold bankrupts' bills receivable from scovle
Co. s3 7o0 Charles A. Gillis for s53 437 rs,
has only an actual Indebtedness about 0o0 Reed
Co.. creators 81, ,so7 "a, hold exchange notes,
and the account is ABOUT evenly balanced; e. l..
Scovie. creditor tor sos s23 50, creditor in fact
for only So l45 29 Fred Brown, OF Philadelphia.
creditor for SOB GA 20 creditor only TO he extent
OF SABA 20 OF the accounts receivable S27o 2so 50
nominal value S37 495 As, and actual value $50 10
They were pat low figure because there IL a
balance oil notes III the hands OF Dunnng anu cannot
be obtained Mr. Dewey questioned as TO Inc
vaue the shares held by the bankrupts in thee q.
Clark Company and the Manhattan Medicine Com
pany, but be could not tell whether any pront mad
been made by them during the past year or give tho
value OF the stock.
He was asked the question :-'Assuming that
Sl25 900 paid for the trademarks OF the bank
rupts and that sum added TO he assets how would
the OF tho bankrupt5 stand leaving out the
contingent liabilities auoRetnerf'
10 which the answer was:--''ActuaI liabilities,
$3.50 273 9l actual assets $3.50 260 80 Deductions
should be for errors, but he could say VIVA.
the actual percentage would be- ln relation to the
TRADEMARKS IL was tho opinion OF Mr. Dewey that
delay IN the and sale of the goods would
hurt value OF trademarks, ana Mr. Hull stated
he " would TAX proceedings empowering Mr. Dewey TO
20 on with the manufacture aud sale the proprie-
lary articles. The examln alton was then adjourned.
KITzSGER BROTHERS.
The trial upon the petition Faulkner Page Il
Co., Wrght, Bliss 4 Fabyan Lewis Brothers ~ Co.,
Wood ward, Lawrence " Co., Low, Hartman 90.
bankruptcy against tho firm OF kitzYger Brothers,
wholesale manufacturers OF shirts at No 81 Leonard
street. mated yesterday before Judge Batchiord
anH Sury by the granting OF the petition. The
judge directed verdict The suspension of COM
nercal paper, that The question as TO frauds aud
pre- erences did The jury. From the tcsli-
nony OF Gilbert c. HalsIcc, the expert accountant
'ploycd by the committee OF creditors, i, appeared
that between September 1 anu November 20.
1877, the debtors purchased goods amounting
to over sS0o00, while their purchases Tor the
months of September and October OF the preced-
ing year amounted to about 81, 400; that having OBJ
tanned such extraordinary amount oil goods
credit the debtors disposed OF them frequently upon
the samo day which they were purchased at a
price averaging about fifteen per cent less than what
they had agreed to pay that they sold to one party
In the perumery BUSINESS Emil May err $25 900 worth
of the goods; these goods had all been purchased
credit OF sixty days and were sold Tor cash ahd faye
been PAID for by the bankrupts, and that the
money thus obtained tney paid 10 their wives, their
father and other family friends. Chamberain, Carter
& Eaton appeared for tho pettioning creditors and
Messrs. Foster Il Adams and NJ. II. Regcnsberg Tor
the debtors The case has excited unusual interest IN
mercantile circles and is the last to be tried by
Judge Blatchford before lie takes his new position
successor Of Judge Johnson
OTHER EMBAKRAssMENTs.
Lucus Lyon, formerly OF The Finkle Il Lyon Sew
ing Machine Company, who went INTO bankruptcy in
October with iabiltIes amounting TO sos, 00O, made
application Tor his discharge ON bankruptcy to Reg
lister Little, and as there was opposition the
part OF creditors his petItion viii be granted
Benjamin LeveDe, dealer IN fancy goods AT No. 136
Bowery, has begun composition proceedings bei0ro
Register Allen Tor settlement with his creditors
twenty-five cents on the dollar, cash, payable ten
days alter the order has been entered confirming
the proceedings HIS Liabilities amount to $23 066,
the largest creators being Anne Levene, SO, l05 25;
Horace Partridge Co., 81, OIL Al j. NJ. Young IL Co.,
Sl,O03 9Z; Gay Woln, IL, 4U9 TO-
A petItion in bankruptcy has been filed against
WINS d. Rogers and Benjamin A. Rogers by $. NJ.
Lewis and Mary E. Rogers, whose Claims aggregate
$3.50.
A meeting Of the creditors OF George Lisner, pro-
pretor OF the Falais Royal corner OF Broadway and
Fourteenth street, was held yesterday The Office of
Register Dayton, aud the composition OF thirty
ana one-third cents the dollar unanimously
accepted, the crealtors expressing their confidence
Lsner and the earnest that business should
continue as heretofore.
In the County Clerks Office there was filed yester-
day the assignment OF A. W. Phelps to JOSIAH Web
Der, Jr
A petition in bankruptcy has been filed by Joseph
II. Mumby, -four merchant OF No. Is Fulton street,
Brooklyn. Tho liabilities amount II said TO about
$50 900 and Tho $4,000. The step was rem.
uered necessary by the recent failure Of Messrs.
Jewell Brothers.