New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-30
LOCAL MISCELLANY.
TWO LARGE FAILURES.


pNpIppAssNpST OF MAYER BROTHERS Goa
RECEIVER NEUTRALITY-SUSPICIOUS. OF TIE
URBANA WINE COMPANY
Tho renorted embarrassments OF the firm OF
Mayer BROTHERS & Co.. importers OF c0ec anu IRON
Mt Wall and PeaIl-sts.. have culnlilaMp III 'hc 3p
no;nt,nent of n receiver, Henry ID. BabcOck, ny
'indye DonOhue, Oh the application OF Moss w.
Hanauer, one Of the general partners NJ nan ian
auer in his affidavit rectes the formation OF tle I'M
rcd Partnership in October. 1872. AYERS that ms
firm IN now insovcnt and unable TO pay tS III
5nll and he was fearful that some cTediloJISs, Nv
snifs attachments or other legal PROCEEDINGS;
might acquire lien or preference; ne tIin CON-
the other partners TO place tc or nssisUre for the
canal benefit OF all the creditors nuI my ;
TO do so and also refused to come 10 an @
OF the partnership transactions, 10 aGtIln I'm. nl
G,ii,inS M the respective partners. He says tat
the assets consist chiefly Of hook accounts plo'.tS
sorry notes. merchandise ana 3lcI p,o?0i Mamie
wane of winch Is not given. The action Is oToue,iI
, Inns Carl MAYER Simon Mayer, the Deutsche
if,ndelsgescllschaft, and Rudolph SulzbaGh. ana
the RECEIVER Mr. Bahcock. has gwen bonds 10 the
nmon:t Of 100000. which have been approved.
L. the trade il is stated that the losses OF the firm
last year exceeded Seo00oo The members Oh tLe
firm claim to owe nothing in this country.
Mr. Hanauer said yesterday thai when the Ioss ~
incurred in the business were reported 70 Tue
special partners i'll Europe. they denlaaeu ' I'm a
mediate surrender of all the assets oil the rn ietV
ing it OPTIONAL with them to discharge the genti
partners at some future time. ms urinnho f the
refused by raj partners, ana IN view OF inc
attitnde of the European members of the firm the
present course of action was considered necessary.
failure Oh tno
HammondspOrt, n. Y. AMI No. 81 Broadway, this
city is announced 1t has been in financial tfouDe
for some time, and a number of creditors recently
obtained judgments against the company for over
$40 OOO and levied upon all the personal property
belonging to the company at HammOndsport. the
principal execution being obtained by the fllst
National Bank OF Bath In order TO eXtricate tleir
affairs ana prevent sacrihcc Oh al thel pIoioiS'
the officers OF the company, through the Attorney
General instituted proceedings to dissolve the cor
poration, and yesterday information was received
in this city that Charles f. Kingsley, OF Bath, had
been appointed receiver of the property of the COM
Dany by Judge MacOmber, OF the Supreme Court
sitting ut Rochester. The officers OF the company
We're ID. NJ. lIdreth president; Clark Bell VICE
president; II. II. Cook, treasurer; a. Smedberg
secretary; and A. j. Switzcr, general suprrlnten-
dent. The company was organized under the laws
of this State, in 1860, and has been known
throughout the country n manufacturer or
American champagncs. 1t received the highest
hOnors at the Centennial Exhibition. the Pars, the
Vienna and other Exhibitions. The capital stock
of the company was S2j0.00O, and the property at
consisting of several thousand acres OF VINEYARD
land and large stone buildings where tie wines
were manufactured, and containing the most I'M
proved machinery. was valued at over S2Jo,ooo
In 1870 the company expended large alllOuht III
eplarging its vaults. About the same time u
change in the resident management 1t Is SAID,
caused large increase in the debts OF the company,
and a deterioration of the quality OF the WINE, by
which large amount of trade was lost; since tfcn
the company has been unable to eXt!lcate ltsel nom
the heavy load it was carrying. III. ii. COOK, tne
treasurer holds a mortgage on all the real estate
for SOS 900, secured by first mortgage bonds, aud
according to the annual report or the Oi1cers le'l
i'm this city January 49, the floating dent was alOut
$4,000, q large part of which was FOL money Dor
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