The New York herald., 1878-02-09
BUSINESS TROUBLES.

A meeting OF the creditors OF the nrm Of Tilt 4
Howard, manufacturers OF gas stoves, ~ No. IL Nur
ray st., was held yesterday At the rooms Of the Hard
ware Board Of Trade, Nos. and Warren street, Mr..
Lowell presiding and Mr.. Stephens secretary. The
committee appointed at the last meeting TO investi
gate the affairs reported that they found the
correct the aggregate liabilities being o15 ss and
the actual assets $37,sl3 TO- and they recommended
that the creditors accept settlement at thrtythree
and one-thrd cents the dollar in notes without
curty or interest at six, nins twelve, hfteon and
eighteen month"; A few Of the creditors objcoted TO
the time which shcy deemed too long, but the report
was adopted by vote Of AZ creditors, represent
Ing $5S, 307 In its favor, and representing 81 939.
against It, Mr. Albert O. Aubery was Instructed oy
tho creditors to taEe the necessary proceedings i'm
mediasely decomposition proceedings IN bankruptcy
to legalize and complete tho settlement.
William Warren, manufacturer OF thread, at the
corner OF Tenth avenue and Fty-seventh street. has
gone into voluntary bankruptcy before Regi sser
Allen. His liabilities amount TO about $2l, 900.
large part Of which is due In Worcester, Mass. Tho
nominal assets amount TO about $40 700, and consist
creditors following stafford Manufacturing
Company, at 92 estate Of George Warren S. 900;
E E. JsuGks GnS Co., SSie ST. ws'n Haley $3.50 90;
The nrm Of Il !. saysrs : Co.. wholesale dealers in
asoy soods % a. mo- go maas assgn
pion. The failure did not occasion much surprise 10
the srade, althoush they had been in business for
cause OF tho suspension. Whom the nrm found
completing their balance sheet for the past month
that they were running behind they determined to
place themselves In the hands OF their credit
ors and ask tham to decide as to the
held n snor. time 10 take action IN n. matter and
1t is expected that settlement will be obtained. The
liabiliues Of the firm are about .00O which ex
cceded the nominal value oil the assets but tho real
assets will be considerably less. The firm have q
large stock OF goods hand, and 1t will be several
frm organized in February, 1873, being COM
posed OF Henry !. Sayers and Daniel J. O'Connor.
They have NO preferred or secured creditors
petition in bankruptcy has been filed against
John Dickinson toys. OF No 229 Broadway, by Joseph
Howard, who mas claim tor $4,000 The petitioner
alleges that Ar Dickinson disposed Of the business
hts brother with Intent to hinder, delay and detraud
the creditors, and that ne also gave preerence 10
number Of creditors 1t appears that Mr.. Dickinson
sold out the business to his brother for 500, which
was paid IN cash and notes. that he paid of portion
OF his Indebtedness, aud that he the employ
orhis brother at regular salary. HIS total liabilities
are about $5, 500.
Moritz Lclpzger, dealer in cloths at No. I6 walKcr
street. has begun composition proceedings IN bank
ruptcy before Register Fitch, Tor q settlement with
his creditors at twenty cents on the dollar p ndorscd
the aggregate Liabilities e43 o36 76 tho fol-
lowing being tue princpal oredtors:-D. "A. Arnold
s2,422 os; g. X. Nudge. sawyer Co, $s, ,s55 6s; a.
l. Stewart CO.. s2,2i6 a. Fleitner Co., So Ill II;
FeS ia No Morrs ySnne 04 Harry
Townsend, Aontans Il Co, $500 tl. Register Fitch
has called the first meeting ot The creditors 10 bo held
on February 1S
meeting of the creditors Of Abraham Houigman,
dealer IN diamonds at 10. % john street, held at
the Othce oil Register Allen. Schedules were pre-
scntea showing liabilities OF $25, 900 and merely
nOmins assets and Six debts were proved aSgregat-
Ing about OO0 tho largest being those Of Henry
Hertz, $2662 u.s. and saxon. Smith & Co., ST. 1877 90.
Samuel W. Saxton elected assignee IN bankruptcy.
The creditors Of William b. Petit, builder, at No.
40 West Thrty.lOurth street, met at The Office OF
Register Fitch Seven claims were proved aggregat-
ing $16 000 OF which the folio wing the
Samuel q. Courtney, $3,875; Murphy Nesb'l,
1863 81 Nash, W ood aud Wagstan, $500; George
Stone, S., 800 Mr. John Nesbit was elected assignee
IN bankruptcy, ana soon as the proceedings wero
aligned an assent 10 his discharge IRON bankruptcy.
His liabilities amount to $54 262 IS and the
suit Of an unfortunate speculation In building tour
large houses on Fifth avenue, near Forteth street.