The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-01-02
NEW YORK CITY'S FAILURES.
NINE HUNDRED AND SETENTEEN RE
pOHTED DNRING IS1H
The Liabilities NenrIy $4,000, 900, and the
Assets s1s.05D,53i The Eject Of the
Baakrupt Act HepeaI-OId Firms Broken.


The Liabilities Nenriy s0t. 900. 900, and the
Assets S1s,05D.531 co. Tho Eject OF the
Bankrupt Act RepeaI-OId Firms Broken.
Nine hundrcd and seventeen failures were
reported In Nov York city during tho past year
The largest number for any yenr since the panic
Tho liabilities amounted to tG3. 0jS. 4O3. an in
crenso OF sr2 .0O0 600 on the preceding year, and
tho assets were valued at 1860 .531. These
large amounts are mainly duo to tho repeal OF
the Bankrupt net. as the failures for the past
quarter are much less than usual There were
many surprises in tho several lines Of trade by
the failure Of high standing ana old cstab-
iishcd firms that were regarded as perfectly
solvent such rs Joseph Foulkc's Sons. Booth
Edgar. Olyphant Co.. Is. l.. Solomon h Sons
Henry Lawrence 4 Sons. John /. Henry Cur
ran Co.. Bryce \ Smith. J. c. Dayton 4 Co..
James Rcid 4 Co.. w. A. Ransom x Co.. Jocl
Hayden 4 Co.. and J. L. Adams 4 Co.
Bankers and brokers and liquor dealers hoad
tho list in the number Of failures. forty having
occurred in each Of those trades. Tho iabli-
ties Of tho bankers and brokers amounted to
1920 sol. and tho assets were comparatively
small. only s559O73. Among those who sus-
pended were 5. NJ Mills Co.. IIaar & Co.. J. II,
Cecil X Co.. Grcenlcaf. Norris \ Co.. Davidson
Jones' and Ketchum & Beknap. In the
liquor trade tho liabilities were 81 1853 .2jl. and
assets s4755G9 tho prominent failures being
Bryce 4 Smith. J. c. Dayton 4 Co.. James Reid
a Co, and Bnyard 4 Perrenaud. Carpenters
and builders 10 tho number Of thrtv-iour
failed with liabilities ageregating 50 GAG Sj2-
the largest amount n any single tr1,de-and tho
assets w"Ee only 1928 224, Among the victims
Terence Farley Jamcs T.. Coburn. Jumos Fet-
tretch, and Cockcrill Spaulding. Thirty-nne
having liabilities 10 the amount of 90 500 1O4
and assets s26559l7 IN The boot and shoe trade
iabiics amounp3 /" s2i5e5gS and m' assets s
xI9z1Nl The principal firms that failed were
N W. a. BENSON go Co.. Whitney Co.. r2wers
eight groccrs wrre compelled 10 lquidate. the
Liabilities being sl.o71 .575. and assets si3s sos
me, clothing trade has suffered severely re-
Gently on account Of low prices. and twcnty-six
failures nr' accorded. with liabilities to, the
amount Of ss95 jSo and assets 1914 .j25. Mcr-
chant tailor- Jared better. only nine failures be-
s70122 aud INSECTS sis.632 In tho hat trndc
there were twenty nine failures. tho liabilities
amounting to Fl iS3 600 and assets t54l 60l
The prowinent firms wrTS Jehlnl Read Co..
q Dusenhury. Twcnty-four failures in tho pro-
Vision trlule wero reported. with liabilities TO
Tho extent ot Sj05 900. and assets sl42,4si. This
includes Jewell. Harrison x Coz \. w. Lewis &
90, Gould II, Thorp a Co. The produce trade
eating $500 $40. and assets s5s Oi2. Twenty six
dealers I'm iun' goods found business too I'M
profitable. and failed, with Liabilities amounting
20 sslo3l6. and assets s3is.2so. In the jowelry
trade there's mr." twenty failures. having linbili-
ties 10 the eXtrnt Of f73l Sll AMI assets MA GsS
Among the hrms were fellovs, foerStar & Co..
Joseph Bncnmun 4 Son. Post 4 Sprir. and Ha-
mann n Koch. Fourteen dry goods deal r.
aecpnrs Of hotels and restaurants ara nut down
for TWENTY-FIVE failures their debts amounting
90 1924 A. and assets $3.50, In the furnituri
abilities being s07967O. and assets s5i4 s7l
Eighteen butchers are fguratvcly killed by
tGOG S3s and assets sll74S9 Cignr dealers To
the nurb"ro 81 tw"nN nr. closed NJ. with debts
10 the toha' - trade there wcro eight failures
the total liabilities being siu5 22i and assets
sls5 )5l Seven publishers md bookseller,
Jailed TO tho extent II s212j7s and assets
tG7 G12. Cheap Goa, caused ten failures in that
tndr. with liabilities 81 s5Sl7j2 and assets
6onallscn & 90. ami Msrston 4 Sons
There wcre only six failures in the cloth and
Toollcn gooGs trade total Indebtedness beng
Si9j30i md 'ss"ts ,3l3.s27. Ten fur dearrs
smouni q ,3l5s73 MI assets .Si Ss7.' In he
drug trulf ihr failures were Cnrly in the year.
fnd resulted ron Inc suspension u the nSts
broker J. j. punnins Jr and nostof the firms
John j. li'nry. Cpfrln, ,C9,, Dqwner A 81.
John. and Day. Honglanl 4 STEER. There
10. md us5"ls. s527.393. Thirteen faiut.- oc-
Cured In th" hardware trade. the total liHhil.-
ties being si22.l7o. and nsscls tlsl5GQ In Tie
metal trade there were sht hilur -. tn linuil-
and assSls :26c7.2is SiSiecn lumber drs I'7
snp ,nl.d. WAN hnnlli!,s T. a." amount 81
were RusscA W. Adams X Co.. Ui.lrr x Co. and
]. &. Gamer u Go. Among H." statiouers ana !
printers u here wern fourteen failures. the lll-
buities being 1924 SIS. AMI asset, ss6A69. In
the millinery. = lols lin there wore twelve fail
ures. IN which tho liabilities aeGrr gated i-Jl-
100. ma nSsctS 500 lJ3 the principal firms be-
ing i. Travis Co.. \. W. Kctrhum 4 Co., and
Andrews sanford. Thirteen real estate agents
and operators failed. their debts amounting to
l252l3lj, nnd assets ssi.6ul. th' most promi-
pentb D Jpnn Feitretch ana N.k.Steyeusun Jr
Paper d'nl'rS 10 tho nuu'"r oi eleven failed.
their toni d"lts being Sl69,3u2. and assets
l63lti Six railroad contractors failed whose
liabilities amounted 10 tho large sum OF slJlu.-
bs2 an II III" assets Wero only about s2j iNu.
Among tho shipping MERCHANTS therc were six
failures. IN which the liabilities aggregated
U49l ,5N2. ana assets S4Sa. 100; the oldest firm
Which SUSPENDED was Joseph Foulke'- Sons.
The straw ~ is trade hal six failures, the liza
bilities nlgregnting s5Sl.9li. End assets 1881 -
Nanderhoni x Beatty, and Henry +. Hills Il Co.
Eight manufacturers OF suits and sklrt- iailrl
60 the amount Of s2i2 BOB. AMI having assets
valued at sS2.SO0. There were q .sht failures in
tho tea trade. the liabilities amounting 10 $500 e
b5f. and assets Sl2j,2i5. Anon. the number
were Olyphant Go. anl Joseph Stiner.
Among tn" profess ionHls. the lawyers lead tho
list, seventeen having aNniied themselves " the
benefit 81 the Ennkrupt net. their liabilities
amounting TO sj3B316 and assets si2 2l6.
Rrrgatiug iJh,263. with asset, nm uniting t.
tlOi7u0. Two ministers owed s9l 0lO and had
no AS Is wLht 'Ytr, ANA Two editors managed
10 run ih delt tor s2tl.lli. " ith no -S'ts. Two
hctprs had debts 10 tAe amount of s7juuO. and
lher assets Were put down az $50. State
Judges Close the record oi tho baukrupts.
RiHHir'S ITREnEN'S REBELLION