New-York tribune., 1880-02-15
DEBTS OF THE BROOKLYN TABERNACLE
MORTGAGE BONDS CANCELLED. THE HOLDERS hh-

DEBTS OF THE BROOKLYN TABERNACLE'
MORTGAGE BONDS CANCELLED. THE HOLDERS hh-
FUsING TO RENEW THEM.
committee of the trustees OF the BROOKLYN
Tabernacle issued circular on February 8, d1rectcd
IN the holders of the second mortgage bonds on the
Tabernacle maturing June l. 1850. in which they
stated that they would not be able to iquidate the
bonds at maturity. and asked if the holders were
willing to extend the time for five years at q per
cent. The circular concluded by stating that If
this offer should he refused the first mortgage OF
1000 would have to be foreclosed on March
next On June 1, 1875, the Tabernacle society
then the Central Presbyterian Church., made a
second mortgage of $35. 900 to five members as
trustees for the payment of thirty-hve bonds oI
81, 900 each. at per cent year, payabe n nan
yearly, the principal TO become dGe juno l. Iooo'
OF these bonds about one-half had hccn paid pre-
vious TO February ,, leaving about SlSOUO que at
the time the circular was issued. The proposition
of the circular contemplated the unanimous actloH
of the bondholders, and, when 1t was found tnat
some of them could not be brought 10 accept inc
rene al asked for il was decided to buy IN ana
cancel the entire issue yet remaining outstanding
b. r COrwin chairman of the Board of Trustees,
said to a TRIBUNE reporter last evening that inns
had been DONE and that the bal lance OF the Sec9n9
mortgage bonds had been bought III ana canccleu
Friday night and that the satisfaction piece Tor thc
mortgage had been filed yesterday morning: MI
Corwin produced from his pocket the orig,nal
mortgage, and said il gave him much satisfaction
TO be able TO do so, in view of publications. maze
yesterday afternoon in New-fork ana BToohHn.
which sought to create the impression ,naI d ,n1
Tabernacle was in serious financial dlfiicnliles' ana
likely to be sold. Nothing now remains, ne sald'
except the first mortgage.
The financial statement OF the laDeFhacie on jan
uary 81 was presented to the Board Of Trustees at
lis annual meeting on Friday night. The resources
are stated to include real estate, SlSl 23O 81 uh-
5'G CO. s3 Cash, $i55 81 total $1s7 o7o 60 The
liabilities are the mortgage of 10000. SlSoOo III
bonds, and floating debt of Tl2,4oI ~ Ih9 re-
CENTS for the last year were $4O,2lS 0G. and the
$40,O62 10. Among the expendi-
tures is mentioned the item of So 5s3 % for Pres
bvteIy trial and legal expenses. Loans amount
lug to $1,000 AZ are lncluded III the receipts
EXPERIENCES OF STEAMSHIPS AT SEA.
All the ocean steamships which arrived yesterday
were from one to three days overdue, owing 10
stormy weather The steamship AthOs, of the
Atlas Line which arrived from Glasgow. had VIC
lent weather most of the voyage, and shipped con
siderable water. From February to the Sth furi-
Gus gales were experienced, the seas making clean
breach over the vessel. The Athos brought as a
portion of her freight small steamer to run on the
Magdalena River, Carthagena, also iat.bOttomed
boat. sixtv-nnc feet long aud eighteen feet beam,
for navigating the same river.
The Abyssna due on Wednesday, did not reach
this port unnl yesterday morning; having b1en De
iaved by a succession of heavy gales and hand seas.
HE waves broke over the ship. Keeping the decks
washed almost continuously and rendering 1t dan
gerOus for the sailors. She bore evidence OF hard
voyage.
The Wyoming of the Onion Line, from Liverpool,
arrived on Friday two days overdue. She also had
a similar experience to the other vessels. The I'M
mense volumes of water breaking over the vessel
took the sailors off their feet and seriously injured
two, who removed to Bellevue Hospital.
The France from Havre arrived Yesterday three
DAYS overdue. Her decks and rigging during the
severe gales heavily coated with zee, the water
freezing as fast as IT fell.
The schooner Ella Robertson. from Nuevitas,
Cuba. reports that on Thursday thirty-fiye miles
northwest of Cane Hatteras, the wreck OF "A bark,
water-logged and abandoned, was sighted. She lay
in dangerous position 10 passing vessels