, 1880-12-09

Of tho Rroat coffee house OF u. u. ArnuId g. Co..
Which fMlfo ycstertlay, said ho wins not prcpnfed
10 mako my stRon,cnt of tho conillttun VI tho
firm. M Mr.. Arnold did mt Wish MI inpcrfcgt
statement Klvon ant, at1l It will. ha n work nf
fbno tinys to nrrvo ut tho oxact f3Rt1tcs prnty.
ahly, osTlng tn tho ottent OF tho f,fps trntisa9-
tsnns, n wgek would clanse bofuro he would be
dbEa to report tho nssots and liabilities to meet
Ing Of tho creditors. Mr.. Arnold, lle said' waa
confident tho house could pay every dollar pf lts
indebtedness.
rHUA OTHER GOOD AUTHORITY
It waa lontned that tho liabilities Of T.. u.Arnold
l. Co. wcro about $sa,O0O,tO0 Of which from $000-
Ut0 to $GNo,0Q0 WIS "a!nKto-nnuIc paper," fnct
Which shows tho high reputu tton Ut tho flrtn.
This unsecured lupcr IL distributed in small lots
hfnonE tho banks in this city and New England.
Tho hunk nr Now Yurk. III whici. hsr. Arise!A IL
Director, hotla but sl5,1j of this paper, MI the
othcr obligations Ut tho nrtn 10 II having been
nnlply secured. As tn tho FIRMS nsscts, It is
roughly csttmntcd that thoy will show surplus
over tho liabilities OF abont e5Nl,0U0. 1t vas as-
coftnined to-t1ay that MI Informal conference
of Arnold's creditors or personal friends
took place last week, Mt which hc
nlnde statement Of his affairs. showing d sur
plus Ut tbts amount. Bono Ut tho parsons con-
suited ndvlse suspensIor.. willis othars thought
this WAS unnecessary anu recommended u con-
tinuanco Of bl,snchs.
K1MuALts DEATH. ....
| The fnftrc Of Arnull e. Co. WIS rrcctpttnted
| l'y tic sudden dGnth In Dnstnn, aatun!ny hight,
| Of o. q. Ktnball. which had vory depressing
effect ou tho coffee market. as it CAUSED Il feel.
Ing Of uncertainty III to the condition in which
| hu 1oft l,s extensive business. It ls reported
that his dcnth was iastenod by anxiety
| 000ut his business afFalrs, but q frlond
of his III this city anld to-day TINT Kim
bull had recently nsscrted his ubstlty to meet
tlI bis obligations. Thu latter had no partner,
anu tho shnpa In which he loft bis affairs Is
| therefore II matter OF conjecture. Fora num-
bcr OF yours kttnhnll operated In tho colFce
trade on large seuc, in combination with .. e..
Arnold & Cn. nnA llowie, uash l. Co.. Of this
| city. 1t was sad to.tny that n rupture occurred
| nbout n yoNr ngo botwcan tho houses OF Arnold
s. to. mud Dnah g. Co., md tbat slnce then thoy
Ind tot nctod In concert. 1ffnlbaIlhnd remained
friendly with buth firms. hut fnr tho past ycar
Ind opcgntcd chiefly Ia connection With Dash {;
Co. III rcgard to rumors clrcsllntcsi concern,nR
tho stubllty OF tho Inter firm, It tnuy be sud
thoy wcro positively denied ty Das!,, who de-
olincd soycrnl liberal oilers Of assiatn1.ec.
| LArEit-sTATEMEHr or pttEFEnENcE8
Tho assignment uf tho coffee house Ut 3. G..
Arnold, Francis u. Arnold, md Iytuan Il. Grcun,
composing tho 1lrin Of Il. g. Arnnld L. Co., to
Janes Lawrnce McKcover, was nled to-
day III tho County Clerks otllce. Pref
urcnccs arc as follows: Phelps, Stokes T.
Co.. 3Gla17; Nevada Hank Of Sun Fran
cisco, $G2a87; u!ukc. Br,s. l. Co.. agcnts
for Ncderint,tlsh Inloche ffnn1elstnnk. $at 200:
1klcrInont, Cohen s Co.. F5,474; brown Bros. 4
Co.. Fld,8l6; Wright, brown l. Co.. 1854
lcecher, Mccullough + Co.. Ri +22it4; olorks and
employees. WhAtcvor Is duu tho1n; Sara II. rorry,
$1,000. The nbDye ar1 mostly RdvIaccs Oh tea
nnd coffee which nre on tho way or hnyo ar
rived hero, bills OF ladtng being given As So
cl1rlty.
| IN BOSTON.
| Special Dtpa9th ~ TAA chttdpo Tribune.
NEw YOrtKt Dec. R.-The suspension of g. @
Arnold & Co. haa hccn a prolific thctno 0f co,l.
,'crsnton In Dost,n to-duy, principally on IT,
countof tho statement by Now York papers thai
o. q. kImlall, or iostos,. Wns ono Of synticnte
to cont rul tho coffee trate In this country. Tie
general impression among cofFoo brokers nnd
| 1nbbors Ia 1lostou Is that Kimbnrs B,itllc1
dcath. Saturday night, wns tho Immediate eanst
Of u. g. Arnold &: Co.'s future, but
ont Of tho old clerks IN K!mbnlft
on'co Btnted Tonight thAt h.s empluyei
haa not bought Of iAto for Joint account OF Ar.
mold 4 Co., ind th8t bis milne Is not On a piece
Of paper. nnl that hta estntn II perfectly sovont
Other employees confirm this BtatoMont. hui
allow that his Tlst relations with D. g. Ar1lolt
g. Co. havo beer, worry intricate. dating buck tt
| 1a5S, hut Inst year ho mnde a sworn stttcfncn
that he wna doing no business With tho !rtn, mt
hud not lHlorssd their pnper for twelve month";
bcforo. Thero hnv0 been rumors thnt Ki1,bnl
committed Suicide. These are cflcctunlty dis
posed Of By tho official statement tAut npoplexj
| .yna TIN cntlsn.