New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-25
CRIPPLED BUSINESS FIRMS.
WAREHOUSE BROTHERS To SETTLE UNSECURED
CLAIMS Al FIFTEEN CENTS SUSPENSION OF
DAVID VALENTINE & CO.. AND OTHER FIRMS.

WAREHOUSE BROTHERS To SETTLE UNSECURED
CLAIMS Al FIFTEEN CESTs-sUsPtNsIoN OF
DAVID yALESrNE CO., AND OTHER FIRMS.
Watcrhouse Brothers, manufacturers OF flocks
ana wooden goods. At No. - Murray and At PdssaIc
y 1 "a hose .i,slcn,on WAS announced ON Monday, pre-
-cntcd Of der al airs 10 their creditors yes
terIay The entire indebtedness ~ the firm stated
10 90 SgGgi,s % or thi. amount $ijl9T3 90 IL se-
cared by mortgage real osnt" aud machinery. eaY-
ne sj7,jiJ IN unsecured liabilities. The mortgages on
the firm. real cHt a." were stated - De- somewhat
In excess oil The present value % the property. aud
there yet remain % be paid several thousand
dnllars OF over duc and water rents.
tn" only asset. ~ the available Tor paving
cured Liabilities estimated - worth about $4,000
They consist of siock Of wooden goods and Of raw ma
tolAi now beng manulaeiurcd into cloth nj the nils IA
Pasac There are also about 10000 yards NJ cloth in
the hands Of commission merchants who have adv anccd
To- me tn sums ct money ih equal 20 'ne 'a'u' 81 l9
cloth Tho arm offered Yesterday To pay The unsecured
creditors 20 cents on tHc dolir-lo cent, IN cash at The
cad "i thiriN dsi ana 'hr rniindri ~ hpts az l"r
Iul six L.Daths. Tn, not considered sai,factoy
and ii',h,nt va. ~ - cents on 'l' DOLLAR
Tie irE 81 David Valentine q Coz hry goods lobbcrs
Tcruau Wilson. Chnre, -. Vaughan. and Duncan u. H.
Currc. have mane an Assignments of thr beht of ther
cr,d"rr 10 Joseph VI Valentine. To- hiu dissolved 81
January l. dud u WIS expected ihrY would pay IN iu,
bat being pressed by iheir creditors they mate the
,.slgnmtnt. Two year, ago thc firm succeeded Macy,
Valentine * ca" aud disputes arose in the partnership
sr emcnis WI ca led 90 legal hhlS ahd Judgement Wa
obtncI r-cru, ny thr Central National Bank ion oVcr
>-.puo tn liabilities a. the liam are estimated ~ about
>JoOOD; the Nulur at The a-sVi, ~ not N.t known.
norton * ID cAs0u Manufacturing Company. NJ No.
IT,. aud al Detroit 4 c, Las failed. and no.
officer. made -umrnt al he property FOR the
Murht oi their creditors 90 -. &. Blanchard, OF Detroit
Inc company w.s ellcI !I the Manufacture az sad
drry hardware, ana had q capital PAID la ~ ~l1Jop.
In,rph Frrcdrr J., the president The Liabilities arr
about 800, while the nominal value o. the assets IS
placed ~ $4,000 The failure was due TO shrnkage IN
yIiues ana bad debit
Aamcciing OF the creditors Of John W. Stout, dealer
In canIrd goods at No. 81 Bdcav-s - rtcray state
mont wah at, showing liabilities Of T5G,913 10, or
which 81 S5G - IL secured; nominal assets. $50
iU3 % and real assets. Sl7.0iO 40 settlement ~
- cents the dollar Endorsed notes at two four,
AIx aud eight months, was approved.
Oniy ole assignment for the benefit Of creditors was
filed ycstcr,lay-tha OF samuel Oncnhriser to Blaze L.
UaIecl.
Major Eugene E,rlc, OF No. 80 East Fifty hrd-st,
who auplrd for discharge In bankruptcy within Sixty
DAVIS o adjudication "a bankrupt, ALLEGED In MS
srhrduc that he had no assets, except scNca suits OF
ctn hes having sold out his interest ia Edies Hotel I'M
der shcr.iis sale To his father IL appearing That TWO
policies life were held rs collateral by MeSsrs. l.
H. Newcouih' x Co, Tor debt owed 10y Earle. IN regard
which had been obtained bat that they had
been sud dcuay legal expenses Of the proceedings III
bakruptcy Judge Biatchiuld decided that The appc@-
lion for discharge could not be made until after
months had elapsed from the date OF the adludicatlon