The New York herald., 1878-02-05
BUSINESS TROUBLES.
FAILURES IN THE PAINT TRADE AND BANK-
RCPTCY PRoCFEDINGs.

FAILURES IN THE PAINT TRADE AND BANK-
RUprcY PROCEEDINGS.
The National Mixed Paint Company u.mitedh Of
Nos 81 and 80 Desbrosses street, made assignment
yesterday for the benefit OF their creditors 10 William
& Pate. The trade had but E,,ie confidence In the
company account o: It's limited responsibility, and
enjoyed only fair credit The company succeeded
the hrm OF Davidson. Houghton & Co in February,
1877, J. II. Davidson beng president and H. G.
houghion secretary aud treasurer. The nominal cap
ital was o000 but OF this amount only $i5 was
paid in The exact amount OF the liabilities Is not
known at present, but they are estimated at about
$500 and the assets are considered good being
nomn naily larger than the Indebtedness.
The drm OF Bell, Mclaughlin & Co, manufacturers
Of paints, ons, &c. at No 50 BceKman street and at
Williamsburg, have become financially embarrassed
and have submitted their affairs TO their creditors.
meeting was held the Office OF r. Colgate Co.. No.
2S7 Pearl street, and from the statements presented
1t appears that the aggregate Liabilities OF the rm
amount about s63, ,000 of which $4,000 is due for
merchandise and S55, 600 to Mr.. Ecktord Webb. a
former partner when the firm was Webb Mclaughlin
l. Co. Mr. Webb holds a mortgage Of 10000 on the
factory property located III Williamsburg he exact
value OF the assets is not known. They consist oi
book accounts Stock real estate aud notes ana mort
cages taken as collateral security tor overdue ac-
would probably obtain at least sevcnty-nve per cent
their claims, and the meeting decided that the urn
assets would reailze Tue present copartnersnip was
formed in September. 1876, former partner having,
Is claimed, appropriated $l7 600 OF the firms money
his use, On account oil which the copar nership
was dissolved and the present one established.
A petition IN bankruptcy has been hed against
James Henucsscy dealer IN boots and shoes ut No ~
Nassau street, b. James Parsons " Sons, PRESCOTT j.
Blgelow aud l.orenZ stump The petitioners allege
tnat he maoe an gnmcnt with defeat tue
Hon ni
he has continued IN possession oil the prop
erly nd has sold great portion Of 1t. inc assignee
has been restrained by injunction from further dspos-
ing OF the property and the marshal has been ordered
to take possession.
solomon Orgier manufacturer of cigars and dealer
in leaf tobacco at Nos 295 and 297 Greenwich street.
recently made an assignment 10 Frederick Lewis
has effected u settlement with his creditors at iory
cents The dollar-iivc cents cash ana tnirty.lvo
cents IN indOrscd notes.
A meeting OF the creditors of Samuel Trischet man.
uiaclurer OF rboons No II Crosby street. was held
yesterday al the office OF Register Little. The seized
ules ed cd liabilities amounting 10 Sl9 400
and twenty-slx crednors proved claims asgregaling
$l27 775 John Ii. Post was elected assignee IN bank
Iuptcy.
broker at No. III Broadway, has gone into voluntary
bankruptcy before Registtr Fitch. HIS Liabilities
TO $I5 500, OF winch 81 $50 are secured The
principal creditors are J. p. Blackwell, $1,000; EN-
pre- state Lie Insurance Company, $1,000; William
Z. bryant Il Co.. 81, ,045 H. He owes Tho sum OF S6bS
Tor advertising, ana there are no assets
The New York creditors oi Isaac Hey man, dealer IN
dry goods. ut Poughkeepsie New York and Rutland,
VI, are endeavoriug 70 throw him into bankruptcy,
and the following hrms have united in petition Tor
that purpose:-A. b. Cuhin Il Co., $65S S5; Evans,
Peake Il Co., $4l4 0S; schwartz Brothers. S5ol
Henry Trowbrdse Il Co., $500 81 I. A. Dailey Co.,
$296 22; 5. Sykes L. Co., S564 IS; Harbison, Shner
L. Co.. 1921 IL. e.
An involuntary petition in bankruptcy has been
fled against Edmund Pope, commission merchant, by
one creditor, A. B. Cubs, who has Claim Tor $475.
There was hlei In the Court OF Common Pleas the
assignment and schedule oi Ira Z. Clark to Charles
Woverton. rhe liabitics are stated AZ $lO ~ 20,
nominal assets at 400 Al, and real assets al
81, ,l52 %