The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-05
BUSINESS TROUBLES.
FAILURE or JOHN n. o1orL AND oo.-orHan EN-


FAILURE OF JOHN n. cEcIL AND co.-oTHER EN-
PARRAssMENrs-AFFAIRs IN BANKRUPTCY
John x. Cecil and George W. Cecil, composing tho
firm OF John r. Cecil Co.. bankers and brokers. a.
No 20 Broadway, made an assign mcnt yesterday for
the benefit OF their creditors 10 William H. Van Der
venter. The firm began business in June, 1876, the
original partners beng John r. Cecil and John r.
Cecil, Jr the latter having since that date retired
The senior partner was formerly OF the nrm OF Cecil
Stout rhayer, aud WAS originally IN the dry goods
business with Butler, Cecil, Rawson Co. The hrm
were estimated TO be worth $780, 000 but recently they
have done very small business. partly their own
account partly orders. Mr. J. r. Cecil has been
sick for four mon and unable to attend 10 business
aud creditors have bcen pressing them Tor money.
had claim for about $500 being imnediats
nothing IN the street.. Mr. George W. Cecil when
asked regarding the OF their troubles said that
statement h1d been prepared ny MS iather which -
Our suspension is similar most others occurring
We hays dealt uawissy and our have
owe to ~ rhe money paid 20 US w Dc repaid
Interested affairs who able 70 learn all
the details in which they are concerned.
Mr. Cecil declined TO state the amount Of liabilities,
and when asked they would reacn 500 900 said they
would not be anywhere near That amount.
Mr. Jonn r. Cecil the senior anu invalid member OF
the concern was VISITED last evening by HERALD
representative He nad 1--we owe very little money
TO the Stock Exchange. In effect our liabilities
very small Ii should ask discharge to-fnorroW
sucn is the good ieeiing toward Us that It would be
extcnaed without question But with calmer feel-
Ing we hope TO adjust oil our accounts, and have no
doubt we shall CONTINUE business with Inc condolences
Of all our customers unabAtcd." ser
PREyTss 4 co.
Prentss Il Co. sent in word 70 the Stock Exchange
yesterday that they were unable TO meet their engage
ments, but their losses were not supposed TO be large
COMPOSITION CASES.
An important decision relative COM position
has been made by Judge Benedict the matter OF Alan
son H. TiG trading under the OF riifI Howard,
gas stoves, at No II Murray street The case has
been pending before Register Wnslow Mr.. iint at
tended and was examined for several days by Mr..
Phelps attorney for an opposing creditor proceed
ings Tor composition. Mr.. Albert Z. Aubcry, counsel
for the bankrupt objected any fufther examination
by Mr. Phelps until he had paid secured the Regis
ters lees for the examination conducted by him. The
REGISTER sustained Mr. Aupery's objection, from
which Mr. Phelps appealed TO Judge Benedict, who has
just ed his opnion on the subject. The Court
says
The Register was entitled require his lawful fees for
conducting the inquiry instituted oy the creditor and should
% 'ssuss n@ or s Rsa right the
meeting ditors to o
OF such inquiry should be borne BY the bankrupt Or me
h saeh ees as &c the rs
creditor Dropoundng the inquiry In TINS case
unless his ices paid or secured by the creditor
In the matter OF the composition Of Matthew Ke-
hoe Son. wholesale liquor dealers Al No. 80 Broad
way penuing before Register Dwight, counsel Tor the
aud TOR the creditors xvoring tho proposed
composlon OF thirly-threc and one-third cents
tend that Kehoe emitted to have his part
nershp deb added TO his individual debts IN deer-
mnlng whether the necessary proportion TO number
aud oil his creditors have confirmed the resolu-
tons 10 make the composition binding on his ndivid-
ual creators Register Dwight decdes that, in his
opinion the resolutions, as regards the individual In
debtedness, not confirmed by the signatures re-
CURED by the act out does not find that tho act al
lows tho nrm creditors 20 controi Tue ac'on % sne ~
dvidual creditors he thinks u for the best interest
oil the firm creditors that the resolution should De re-
corded tho attcr now goes TO the Judge Tor mai
decision.
Application has been made 10 Register Dwight by
Alexander j. Mayer and Nathan Mayer, for their dis
charge from bankruptcy, has been issued
tor their creditors show cause why their petition
should OF be granted returnabe on April 26 Tho APP
picants formerly composed the OLD nrm OF }.
Mayer l. Co., DANGERS and brokers. OF Wall street,
aojudicated voluntary bankruptso y Register
Dwight on June 20, 1863 with Liabilities amounting
10 over $500 900 and no assels Judge Sedgwck was
appointed assignee; the largest creditor was tho
National Bank oil North America, $2l9,S52 62 Only
two claims nave been flied, by q. ). rappan, OF
Chicago, So, 26S 9s, ana by h. b. Hart OF New YORK,
81, 800 Is
ton ~ Register Dayton Tor his discharge from bank
ruptcy. There was opposition on me part Of me
and the usual time Was allowed Ia which to
file spec fcations
The New York creditors oil john s. Barnes 4 Co.,
hntlers Of Chicago, have received notice OF meeting
OF creditors In bankruptcy at chicago On the llth
inst Tne Indebtedness Of the nrm amounts TO about
$40, OO0 OF which there IS due IN New York city
81 23 the following being the principal New York
credilors-Woodrun. Morris L. Co., $2,216 Is; Miller.
Kutgnt Il Co., 1913 10; w. Lester 90, 500;
David Greenfield, $3.50 81; Hoffman Co., $3.50.
A meeting Of the creditors OF Moseiy Moody man.
uiacturers Of paper collars ~ No. "a Howard street.
was held the OH of Register Dwight Opposition
was made to confirming tho composition OF fifteen
the dollar, and further examination Of the
baukrupts WAS ordered
Schedules OF the estate or Ahi Peace, dealer In
cloths on Fulton street, Brooklyn, VINO iaiicd on
March Is, were filed yesterday IN the Office OF the
Registrar OF Bankruptcy. he nominal asscis are
81 1879 Vi; actual value, 81 POI liabilities, 95S 49,