The New York herald., 1878-03-26
SHOALS OF BANKRUPTCY.
Henry, Curran & Co. Effect a
Compromise.
NEW FAILURES REPORTED.
Proceedings Before the Registers
and Elsewhere.

A numerousy attended meeting Of tho creditors Of
John F. Henry, Curran Co., bankrupts. was held
yesterday at the Office OF Register Little In Warren
street. The frm offered compromise OF thirtyseven
and a half cents the dollar which the representa-
tivcs OF q few Of the creditors strenuousy opposed
Ex-Judge Hull, behalf oi Demas Barnes and Others
stated a TOR his opposition TO the proposed
compromise that he had not yet been able TO examine
Mr Curran, account OF the latter being non-resi
de1t He also said that he wished 10 examine Mr.
Bowen, another member OF the firm
At this point Mr.. Curran briefly addressed the meet
ing, denying that he had intentionally kept away from
the examination and adding that he had nothing
whatever to conceal Mossrs Radway, Saunders aud
others whose claims against the bankrupt firm aggre-
gate $500 00O expressed themselves In favor oi
accepting the compromise onerod
After granting the creditors little further time for
deliberation tho Register resumed the examination
into the affairs OF the firm. Mr. Curran, IN answer
TO Questions by cx-Judge Hull, testified that ho
had put 100000 the trade.
Marks the principal OF which Halls baisam,
scovIlles blood and liver syrup, Motifs pills and
Baker's panacca Mr.. Henry y. Bowen was also ox-
ahmed ana testified that had invested Sl00.0OO
capital in the firm, ioows:-s4o 900 cash, stock OF
the Brooklyn DAILY Union, $50 OOO, and bonds and
mortgages valued al $4,000.
A FINANCIAL EXHIBIT.
Mr Henry submitted 10 the meeting statement OF
the aairs o the nrm from which appears that they
owe, upon which dividend wlil have 10 oe pad,
ssSo,oOo; assets in the bands OF assignee,
the payment Of the amount by them
offered, II the same be accepted estimsted
bank $50 1856 49, real estate. nominal value, $34 600;
actual vaue, So 3G0o STOCK Ia trade and trade mures,
nominal value, s249 632 03 actual value $22S. 0l3 10;
bills receivable, nominal value, $57, ,499 As; actual
value, $235 Is; book accounts. nominal value,
S2l4 457 Ca actual value $53 44f "a hxture actual
vaiue, So 900. The tolal number oil creditors Is 650
aud Of these there PA whose claims exceed $50.
The following resolutions were thon submitted for
m Inf IA In tfnr ri nf
We the creditors the above named bankrupts assem-
slider proposition in composition offered by them, do
creditors and oil all that the offered
Ct thirty ana hal" per cent Of the Of
above named bankrupts, t. b. by the several and
iuii Of their several and respective claims
owing unto them payable as follows cen, in cash
position five per cent In mouths thereafter
months there after and sevea and onsaf per cent in
twentytour months thereaiter In due performance IF
asnnsy IN Of the espe aid
syrao Mo.ts pills sarys carSoic saivs. sker's pain
1s accepted a AND for a f
creditors. That the creditors OF said bankrups cons
ses as % and oa an.
tiys psr;nsss .sgnsa to and with said San.rup.. and
adminstratos and assigns accept and the
q shi,sy.ysn ..d cent the ao.. 70. =.
be In ull Satisfaction OF their several debts and
should placed in ordinary BY the said bank
rupss immediately combination Of this composition.
ported to the court.
For the above compromise there cast 200
votes, representng about nipeonths OF the total
debtedness OF the bankrupt firm. About hity OF The
creditors represented at the meeting, many
OF them, an was Understood, being IN Europe ana
other foreign countries The opposition, personated
by ex-Judge Hull, numbers fifteen persons the aggre.
gate OF whose claims according TO Nj. Bowen, viii
mot amount TO more than $4,000. The meeting