New-York tribune., 1879-04-11
known story series. Popular works continue to
sell at good prices.
FAILURES IN BUSINESS.

THE AMERICAN sUsPENDER COMPANY IN HE
HANDS OF A RECEIVER.
The American Suspender Company, OF No.
Mercer-st., this city. and of Waterbury, Conn, mas
been placed in the hands of a receiver u. A.
Smith, who represents the largest CREDITOR the
Waterbury Buckle Company. The company mas
not made any money for the last three years, and II
is said that 1t ran behind last year over $1OOOOO
Credit was given in the trade on the strength or
the Endorsements OF Isaac r. Newton me presII ISL
dent The company had capital OF $30oOoo, al
paid in the real estate at Waterbury. Conn.,, was
valued at $1S4, 900, but il is thought would not
realize more than $4,000 az forced sale. Inc
liabilities are estimated at 81 80 600 none OF which
is preferred but part is secured to the banks by
individual Endorsement The assets are noml-
nally $3.50 900, consisting of real estate ana ma
chinery 1910 900; good accounts, 6O,OOO; stock
$40 900. The officers are Isaac +. Newton, presi-
dent and treasurer, and Charles G.Merrman, secIe-
The Empire Rubber Company, of No. 243 Broad
way and at Bloomingdale, \. j. has made an as
signment to r. f. DAYTON, "a Judgment of ~ 100 ~
company was organized in May, 1877, with capi,
tai of $4,000, A. Robinson being president, ana
DR.. J. +. Barber treasurer. The Liabilities are
So 900, and assets 81 100.
1he schedule was filed yesterday In tho assign
ment OF Susan +. Shumway, William j. Massey ana
Franklin L. schenck to Henry Zelmer. The lia6ll-
The assignment for the benefit of creditors of
Gerhard BeTlnger 10 Leopold JaroWsIa"shi WAS
filed yesterday.
BROOKLYN COMMISSIONERS ON TRIAL.
In the City Court of Brooklyn the trial of Messrs
Flaherty and Bennett, under Indictment for con-
spiracy to defraud the city. was continued
yesterday. Under crOss-examination T. 5. Mas ey,
president of the Board of City Works. testified to
his belief that the sewer appropriation last year
was $50. 600; and the amount expended was $751;
01S 10, including salaries. No repairs of magn-
tude were made In the Fall of 1877. Evidence
was admitted TO show that Mr. Flaherty
saved the city a large sum by breaking
sewer contracts which had been entered into
before his term of Office began. Questions were
then asked to show that Mr.. Massey, while pres-
dent of the Fire Department, had a yacht
built by frcmen. He denied this, and testified
that fremcn had never done any work FOR him, eX-
cept when they were oil duty; Mr. Massey wa!
asked about his connection with the lnebrates'
Home, of which he was treasurer. lie said that he
paid over all the funds in his possession, not because
a suit was brought against HIM, but Tor other
reasons He said that when he refused to sign the
payroll of wOrkmcn lac told Mr.. Fahorty that there
were sinecures on the payroll The roll was ett on
the desk, and then signed by Mr.. Flaherty and the
men were paid.
Mr.. Massey did not know that the sewers cost
more I'm 1877 than in 1873, but thought they did
The extra water rates in 1873 were Sol,24G,
and the extra expenses In consequence Were
signing the pav-rolls of the department be-
fore October, 1873. The redirect examination
brought out the facts that the appropriation for the
year from May l, 1873, to April 80, 1879, was eX-
hausted February 10, 1872 and when Mr.. Massey
first refused to sign the pay-rolls III October there
remained only 81 900 in the treasury, while the
expenses were $4,000 month. The adjournment
was until Monday.