The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-03-22
BUSINESS EMBARRAsSMENTS.

EXAMINATION OF THE AFFAIRS OF JOHN y.
HENRY cunRAN co. COMPROMISES AND
FAILURES.
The examination OF Mr.. John f. Henry, of sho arn
OF John Il. Henry. Curran l. Co, continued yes
tcrday ut tho office Of Register Little. There was
large attendance including tho members OF the Arm,
counsel for both tho nrm and various creditors, 10
gether with E. j. Dunniug. tho Wall street note
broker. ExJudge Hull conducted the examination.
Mr.. Henry Was the only witness called upon ~
testify.
Tho Grst question asked was in reference to thoss
who contributed the capital Of 1925 600 alluded By
witness IN his former testimony. Mr.. Henry said u
was Charles A. Gs but no could not state what pro.
portion merchandise and what good will
ExJudge Hull pressed Mr.. Henry for an answer, and
requesting him, II he could not state definitely, to
give his best judgment. Witness replied that he did
ike 10 give his judgment las this no. tows
meeting" Tho question repeated as to what was
his best impressions. and witness said In reply, thai
hreetourths OF tho capital contributed was merchsn
disc, perhaps twothirds consisting mainly OF medt
cines and druggists sun iries
Ex-Judge Hull then asked II no had cstim at0d the
interest Of Mr. ellis IN the merchandise 10 Do about
two-thirds.
lions .'sImply buldozing" Subsequently, how
ever, he said Tho merchandise Was not set apart
specially.
TRADE Marks
Tho next question. AS to whether tho trade marks
put down and included IN the lst OF assets gave
rise to lengthy discussion between opposing counsel
10 the propriety OF such question.
Tho Register thought the question irrelevant, bus
took the answer, subject TO objection.
Bolh MI, Henry and Mr.. Bowen replied that they
had no trado marks OF their own
Mr. Henry was then questioned concerning The
trade marks but decnned to answer, the ground
that the Register haa previously decided that they dA
not pass IN bankruptcy.
Ex udg nj M nut 4 VIVA nd ed
trade would, 80 into the composition. and he
had right TO tain what those trade MARKS were
aud value In order to know the foil amount OF
the assets
Mr.. Thorndyke Saunders. counsel for the arm, neld
passed assignee IN bankruptcy US tins was uu.
der the bankruptcy and not composition proceedings
aud he instI uced his client not 10 answer any quss.
tons relative 10 tho trade marks until absolutely 0om-
PEELED 10.
ford, aud that branch OF tho examination was sus-
pended until tho ruling OF tho Judge could DO OBJ
tained.
Ex.Judge Hull endoavored to got an answer from
Mr.. Henry c0nceraiug tho offers said 10 have been
made ny several parties TO pay upward Of O0O for
tho trade marks. but Mr.. Henry replied that
to ms knowledge mad made an ofer for the trade
marks
ExJudgc ull said that no had assurances that men
who substantial were ready to pay over $500 900
for the trade marks. the money 10 DO paid into The
fund for tho creditors
The Register decided that when tho ofYer was made
IL time 20 take testimony In the matter.
Mr. Henry further test,ned that The estimate Of
$500 900 which the nrm would have TO pay divt
dend udcd tho actual and portion OF tho contn-
gent liabilities, but FROM present Appearances he
thought thoy would have TO pay dividepd on larger
amount perhaps $50, 900 more circumstances had
CURED since the last examination which made him
the estimate; gen emAn had bod claim
Tor 81 500, ana said he had largo damages TO claim
against ths nrm Tor not selling medicines IN South
America In the estimate Of liabilities he did not In
clude the ,iem Of i26O00 10 Charles A. GtIs, bus
included $5s,437 notes gwen TO MI Giiiis standing
against the nrn.
several creditors, as When that OF Frederick Brown,
OF Philadelphia was reached.
GINGER CONTRACT.
Mr. Paysoh Merrli, hts counsel, submitted Q state
oil john \. Horny, Curran Co they CONTRACTED with
MI Brown Tor the delivery OF large lot oil jamaica
ginger during 1878 aud him certain STOCK Of the
face value OF OUO and then eleven notos each Tor
81 500 pay bo monthly throughout the year When
the assignment took place Mr. Brown, who was tncn
sick bed wroto 10 the assignee tnat tho contrac6
terminated by tho assig and that no would
tho notes when abic to attend 10 business at
the same time forwarding to the assignee tho above
mcntoned stock, which duly received BY him.
Yesterday Mr. Brown handed over to The assignee all
OF the notes. stating that ne sole liability of the bank
rupts him the sum OF ~ 3Y3 ~ Tor merchandise
actually delivered TO them.
Register Little asked to the notes and they
exhibited by Mr. Dewey, tho gnee, and the state
ment was put In evidence
Al this point long controversy occurred over the
time OF adJournmonL
Register Little suggested that tho examination
ought 10 pe concluded before The composition meet
gencs, and also added tnat II would save expense 70
crcdiIors
IL was nnaiy determined to accep, the Registers
suggestion and tho examination was adjourned until
to-day.
A call has boon issued by number OF the creditors
OF Tho firm Tor general meeting Of tho creditors "
DO held al the Aslor House today A. which lively
time 10 anticipated