The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-16
BUSINESS lNBARRASSNENHS.
Several Merchants and Others in
Voluntary Bankruptcy.
CREDITORS MEETINGS.
Henry, Curfan & Co.'s Composition Proposal
Before the Register.

The second meeting In composition OF the creditors
Of 1onn F. Henry, Curran l. Co. was held yesterday
afternoon before Register Little TO decide whether
Is Tor the best OF the creditors that the COM
position resolutions OF thirtysevsn and halt cents
Tho dollar should be recorded After taking the usual
appearances for opposing creditors udge Hall read
IN affidavit by Daniel C. Robbins, OF the arm OF Nc
kesson Il Robbins, in which he objected on his own
behalf and behalf of several others the resou
tions purporng to have been passed. aud CLAIMS and
asserts that such resolutions void and in
valid, and that It is Tor the best interests
OF all concerned that the resolutions should
be recorded. He alleged that Charles A. ellis,
who is general partner, was recorded In favor Of
tho rssoutons that the recording OF such vote rem
ders the resolutions composition invalid, he
not entitled TO and that tho vote 10 fraud
the other creditors; that he Is informed and believes
shat A. l.. Scovl Co voted for such resolutions and
are not creditors OF the bankrupts; that numerous
other persons votes recorded tho Hrst
Ing IN composition who not bond Gde creditors ;
that many OF tho proofs represented fictitious and
illegal claims which voted upon ut the frst
Ing; that many OF the notos voted upon void for
usury and want OF consideration; that powers OF ut
torney on which votes cast were detective, In
valid vod tho resolutions do provide Tor
= surrender OF ali the assets and property OF
tho bankrupts to the creditors; that they do not
cude the trade marks and proprietary rights; that
all the trademarks were duly assigned TO Benjamin
Dewey for the creditors under The State Law; that
such proceedings have been had In the bankruptcy
court that all of the trade marks now vested In
The proper ofhaer OF this court ana that sale OF all
thc assets including The trade marks and proprietary
rights VIII realize to the creditors much larger sum
than could be realized in composition.
For these reasons ex-Judge Hull asked an adjourn
ment. which was opposed by Mr.. Tnorndyke Saunders
on the part or the firm. long discussion followed,
10 which number OF the creditors objected TO any
further delay. they wanted their dividends soon
us possible.
Mr. Coffin alluded to tho hardship OF a number Of
creditors, who actually suffering for the dlvi-
asnd. one creditor whom no knew would be forced
into bankruptcy II tho competition was not ac-
copied.
Referring TO the trade marks, Mr. Curtis said he
did not think they were worth 500 600, and asked
offer to buy them $500. 0O0 which they CLAIMED
Mr. saunders stated as fact that The Bank o, Com
merce made proposition the firm that unless
lhey paid 81, 900 It's claim oil $50 900 u would
push them N tho composition proceedings and would
Register Little finally decided 70 grant an adjourn.
msnt until this afternoon
meeting OF the creditors OF Jehial Read Il Co,
Wholesale dealers In hats At No. 500 broadway was
held yesterday Al the office VI Register Dwight,
the offer OF composition at forty cents the
lar Forty-one claims. argrssa,ing SI5O. COO were
n'cd In favor oil the composition, which accepted
h. Miller, s2oe4g %; c. H. fancy Co, sIl. S4I 2s
Pierce Hall, SIT, 255 80; W. II. Hurburt 4 Co,
$7,3lS 10; Yates. Wharton Co., $3,y97 SO; samuel
Shcttar Co., 81 S31 IS &c " Connect Co., 81 7l5 To-
M Henry II. ototesUury 10 trustee.
rhs creditors OF Paul Zunz Co.. importers OF plate
glass at No. 81 Barclay street. met yesterday at the
ONCE OF Register Ketchum and accepted the compo.
sition Of twenty-five cents on the dollar in Endorsed
notes At four months
AZ a meeting OF Tho creditors OF the firm OF Henry
Lrwrence Il sons, manufacturers OF cordage ~ No.
1y2 Front street. rough statement wus submitted,
showing liabilities Of $I3S 0O0 tn addition to which
there 10 mortgage liability oil $40, 600. An offer
msde by the nrm to sette 1T nity he DOLLAR
bot the creditors thought that tho estate could realize
larger percentage, anu an adjournment taken
order 10 make a further investigation.
Tue creditors oil Isaac Is. Lawr, nee of tho late firm
OF Priest Lawrence Il Fuller, jewellers, held u meet
Ing yesterday at the office OF Register Dayton, aud
sIected Edward A. Lawrence assignee IN bankruptcy
Ala meetiGg OF The creditors OF Owen Murphy, held
yesterday At the once of Register Ketchum, Jonn H.
Plat was appointed assignee IN bankruptcy.