The New York herald., 1878-01-15
BUSINESS TROUBLES.

terday morning, ana afterwards assignment for
the benefit OF their creditors made TO Mr.. William
T. Stiger, OF No. 20 Nassau Their failure Is
indirectly the result OF the suspension OF John f.
Henry, Currar Co.. but snrnkage In values and tho
inability to make collections ascribed as the main
Causes The hrm has been In business for many
years and rated with crodit of $780, 000 Yestsr-
day afternoon the hrm issued circular the credit
to the effect that owing variety OF causes and
TO the unsettled condition OF affairs they were
obliged to mako an assignment. They are busily
engaged In preparing statements to submit
TO the creditors and Will notify them At
the earliest possible moment OF meeting
TO be held tor consultation the circular concluded by
requesting the creditors send them statement OF
indebtedness at once. The exact amount Of the a6L
cs s not known, but the assignee does not think It
will exceed $75,000 Tho assets arc considered fair
and consist mainly Of stock and book accounts; their
value cannot be given until the inventory which Is
now being taken is completed.
Henry G. vogel and Thomas A. Reynolds, composing
the firm ofvogel Reynolds, dealers In glassware at
No. 65 Murray street, made assignment Tor the
benefit OF their creditors to Charles b. Reynolds
They have liabilities amounting TO about ST. 000 and
real estimated at about 000 Their failure Is
result Of the general depression in trado and tho
great cutting in prices.
The assignment OF George II. Scott, auctioneer, at
No. Pine street, 10 Eugene N. Elliott IL the result OF
heavy losses in real estate. Mr. Scott has been in nc
roaI business tor many years both auction
Ger and broker and his liabilities amount to about
$50 600 The Indebtedness Is mainly deficiency on
mortgages. He had several years ago large invest
msnts in real estate subject 10 mortgages As tho
property deprecated and tho mortgages fell duo he
was unable them Foreclosure suits followed,
all his property was eaten u aud now his assets arc
considered OF scarcely any value.
Morilz Lcipzgcr, dealer In cloths. at NO. 10 Wakor
street, VINO has made assignment Tor tho benefit OF
his creditors 10 Mr. Frederick Lewis, has liabilities
amounting to $s OOo Of winch $40 ooo is duo lor mer
cnandse He responsible on mortsasss ior ~ ooo
been brought Ine creators express kindly ieeiing
toward hun, and It is expected that settlement Will
Mr.. Frederick LOWS, the assignee Of Mosey
Moody, manufacturers Of paper collars, at NO. "a
Howard street, Is enecting compromise with the
creditors fifteen cents on the collar IN two pay
ments In indorsed notes AT three and six months.
An involuntary petition in bankruptcy has been
filed against samuel T. Kltte dealer IN mattresses ut
No 2O3 Canal street, by hvo creditors whose Claims
are as follows :-rbeodore W'kens, sl,o4l 70; Daniel
). Be1cll, $257 S4 DE Witt Weeks 1858 81; Edward
W. Bede, $500; Baeder Aiamson Co, $5OS ~.
Mr. Kittle iuiied before, IN October, 1876 at
SIS. 900
the Dankrupcy proceeding. ing. OF Henry H. Cox
Little, application OF MIR. Waldegrave llarlock.
attorney for the bankrupt has appointed January 20
for the first meeting oi creditors ~ elect an assignee
in bankruptcy.
Glass Brothers. linen importers at No II Lispenard
street, whose composition proceedings IN bankruptcy
huve been pending beioro Register Litte Tor several
months have paid their creditors The composition OF
271s cents on inc dollar cash, amounting to SOL, 600
L. Blumgart " Co., Importers OF woollens at Nos.
Al and 10 White street, VINO made an assignment ~
Frederick Lewis IN July, are about ehectinga COM
promise III bankruptcy ut l21s cents on the dollan
Abraham B0gardus, photographer at No. S12 Broad
way who hus made an assig 1or tho benefit OF
his creditors Peter A. II. Jackson ailed oncc bo-
fore n December 1875 At tnat time he owed S36 00J
assets were OF such nature that II sold NJ
forced sale the creditors would reaize nothing, ana an
extension was gwen on unsecured notes payable In
two, three, t0ur ana five years.
The iiabililies OF Nathaniel h. Van Wnke dcaler In
furniture at No. 167 Canal street, who made as
sigpmout Saturday TO Theodore Wlkens, amount to
$4,000 and bis assets are nominaly about the same
figure.
signments of Henry q. Vogel una Thomas A. Rey-
nolds, comprising tho hrm OF Voyel " Reynolds, 10
Charles b. Roy nolds; OF George d. Scott TO Eugene
NJ Ellott; of Joseph Stearns and Seligman HeDurn,
comprising the nrm OF Stearns HeilDurn, to Gustav
Simon, and Of Patrick j. McCarran 10 James Byrne.
ATTEMPTED REMOVAL OF AN ASSIGNEE.
Judge Barrett yesterday rendered important de-
cision in the OF Philip L. Strauss against John
Byers, the assignee Of Kitznger Brothers, SHIRT man
uacturers, at No. 81 Leonard street, which has boen
unxiously awaited by the dry goods trade Tho de.
fendaut was appointed assignee on the 2Oth Of No
vcmbcr last and on The 18th OF December toll ing
madc an agreement sell tho stock OF goods OF the
debtors 10 Deeriog, Milliken Co. ut sxty-sx cents
on tho dollar. Before actual delivery, however. tho
stock was attached by Marcus Goldman, who
alleged that Lewis Schlesnger also part
ncr In the concern, aud hence that there was
u flaw in Byers' tite. Upon TINS showing the con-
tract of sale was virtually rescnded anu the plaintiff
thcreupon brought suit Tor the removal OF Byers as
assignee for misconduct in resembling tho sale, and
for accounting ana Injunction he also prayed Tor
the appoin vi receiver pending the decision Of
the controversy. Judge Barrett, IN announcing this
decision, said that no case mad been naoe out ny INC
plaintiff ut all warranting the appointment Of re-
cever, that the sale clearly dependent upon tho
purchaser being satisfied with tho assignees title, and
Rvora oil m
hands the estate would be perfectly sato The motion
Tor u receiver was denied, with costs. Ex-Governor
Chambcrl appeared tor the assignee, and Ex-
Judge Cardczo Tor the plaintiff.
BONNER CO. 8 ASSETS.
Tho assignee OF John Bonner Il Co., Mr.. Barr W.