New-York tribune., 1879-11-12

O. i3a oGo 70 coun'y depo.ors s25 oto nrd ie ~
S1Is OVU three banks Tor $4,000 cach ih-se we're
all tie payments likely o. Ice cIiicsed The firm oe-
sired settlement. he said. and would mike an oner on
basis of - of the value Of the assets deter
do1or onc,ntth cash and The balance m f,nr eight
twelve aud months. secured. He requested The
appointment Of committee to take the Proposition u'-
L. C. Bnrnap the exert. read a report Of his invest
Cation OF affairs OF the rm. from which IL appears
@ innt ,nr aPia -, ~ o," 9 - s5o 36s 10 arcots
payable. II 375252 Gs taxrs dn". S2o,cOo Oh thl,
- $40 eGl H. TIE asset. consist Of merchand Sc,
s7O0 013O 70: cash. s32.727 30 furniture and nxures
$500 Chicago Exposition stock, $500; open accounts
siOs 2e2 81: biis receivable Si647S 43 real estate
valued at forced sale $50 900; tot sl2l27le 6s. less
guarantee on open accounts and contngen LIABILITY
amounting SOS 900 subtacting this anH The amount
Of secured claims there Is remaining Se7 i92O 10 az
pcabIe To the payment Of ne unsecured creditors:
would he ca 10 per Mr.. Burnap. Ia answer t.
question: said that the statement made by the nrm ~
January last. showing surplus of t4y9oJl 4O was no'
correct The stock account capita ON the edger De
cember 81, 1873, showed a surplus oi 81 zoI ~
whereas their actual condition exhibited drncirney
OF 1908 ~. In regard to the speculailons OF the
firm. said the vouchers found showed mel losses on
grain ventures In Chicago OF S214I22; II Wan oIree.
S22.134 50; In mines at Leadvlie aud San Juan of
100000 The three partners had drawn out OF tns rn
during the past six Years $4l5279, as follows Cha,es
s. steuauer, S1o2 $50; David 5 stettauer Sl15el2'
A Philadelpna creditor caused sensation at this
point OF the meeting by asking II there was
printed list OF me creditors when might 70, pe
read. as he understood tnat there were hardly any %
brews among them, nearly all having been paid on ara
he few III the audience. ffeuercA Lewis
iumued 10 his feet and said
am a Hebrew, I am sorry to say"
He was prevented from finishing his sentence by roars
of laughter In explaining he stated that he meant 10
| am a Hebrew I am sorry 10 say. who has been
stuck by The firm to the tune OF 100000"
Several Hebrews stated that they we're creditors Tor
from 900 SO 900, and others were about 10 follow
when the chairman called for order. saving that no
question OF religion should be raised lndigna-
on was cXpressed by several persons that such matter
should have been brought forward ana one creditor
shouted that the name Of the party starring should
should published whereupon the creditor aross ana
SAID his name WAS Bankenberg. Of blankenberg Co..
aud that ready stand by what he had uttered
ON motion of Frederick Lcwi-a committee OF seven
was appointed confer with members OF the nfIn a1
how much they VIII ncrtase their o'r III consists
of Messs Dunn. Of H. b. Cafn Co.; Cutter. OF George
G. Richardson * Co.; simpson, II VIM Simpson % sous,
ot Philadelphia Degener, Of G. \. Au1moIdt Cos
Lawrence, Of Lawrence, Taylor CO.; Moves, Of j. L.
Bremen. Brothers CO.. and ;. = Fisher Mr. Biiss me
chairman, added 10 the committee MI Martin or
Fairbanks. Martin & Co.. Offered resolution Wnicb was
unanimously adopted declaring that was the sense 81
the meeting hat proposition for settlement be En-
tertalned tbat looks to "a compromise q" less hguIe
than shown Dy the statement suDmitted-O4 cents on