New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-07-30
LOCAL MISCELLANY.
A BOOK PUBLISHER EMBARRASSED.

BOOK PUBLISHER EMBARRASSED.
JOHN W. LovEIL's AFFAIRS PLACED IN THE HANDS
OF HIS CREDIroRs-LIABILITIEs $225, 600.
John w. Lowell, book publisher. at Nos. IA and 16
Astor-place, has become financially embarrassed
and has placed his affairs in the hands OF his credi-
tors i'll order to obtain an extension until December
81 He has been doing very large business on
moderate capital aud when the dull season arrived
he became cramped for ready money to meet ma a.
turing obligations; He had q large amonnt on OF
pi"ders in this ha ety Boston and Chicago
which he was unable to get out for lack
% n Ons s 10 Due pay yerH HG fast amd on for
which was not paid Judgment was obtained put
eTedors pr wa their Claims to Judgment deter
mined Mr.. Lowell to present the condition OF aairs
general liabilities until December 81, by which time
lie hoped to realize the profits of the fall and hol-
day trade, and be enabled TO cxtricate hnseif from
A meeting of the principal creditors was held
few days ago at Mr.. LovelPs office, when full
it appeared that the general liabilities were
about $150.O00 and mortgage liabilities $40 600,
The nominal ASS assets aggregated $3.50, 900 con-
sisting of stock hand and i'll pro-
anS rs sseos fa
tory at Rouse's Point, where he reprinted English
books which with the machinery and fixtures, cost
$15O,0O0 1t is mortgaged for So, 600. The cred
itors finally Diet. rnined to arrange the extension
and extricate the debtor from present embarrass-
ments An Advisory, Committee of five were APP
pointed to supervise the business Mr.. Lowell agree
ing to act under their instructions in the manage
ment of the business. The committee has under
taken, with the other creditors to that the
rangements are carried out.
\ member of the committee said yesterday that
all the large creditors had joined in the arrangement
granting the extension The amount on which the
extension was asked was $125,O0O. beside which
there was about T25, 600 due to q large number of
small creditors, which the committee advise Mr..
Lowell to pay as they mature The large creditors,
work in order to carry out the arrangement. The
binders and printers joined in the agreement, and
committee would see that these goods were properly
handled and all the work paid fer. In regard to the
the arrangements provided, to pay all the claims in
full by january and have good surplus LETT,
S% 4 G sSa h Ssn s and s wSSs
not have begun TO pay all the claims. Other cred
itors said they had signed the agreement for the eS
extricated by the end of the year. 1t was also
learned that Mr.. Lowell carried life insurance of
$4,000 and was interested in the Manhattan Book
Company, which was III existence during the holi-
days in Fourteenth-st, near Fifth-ave.
SHOOTING A MAN IN sELF-DEFENSE.
AN ANGRY swEDE ATTACKS MAN WHO HAD DIS
CHARGED HIM-THE FATAL RESULT.
Swede, John West, age thirty-fve years, who
has been employed as laborer at the country seat
superintendent Of Mr. Buffers property West, 'f in
sisted in smoking in the constable and other out
buildings on the premises and on being reproved
decided to discharged p him. o. i and he paid
him $ PHO as M the amount due for
place in a very angry mood and remarked to Nc
Pm kill you IN less than twenty-four hours"
H ethen went to the constable and there quar-
relied with James Mallory, another employee and
he H e NGb he under
engaged i'll hitching horse to vehicle preparatory
to starting on visit to White Plains West APP
his hand, and threaten to kill him
M Nc fed 49,, from , 1T the building toward
tant there was gate fastened with stout leather
strap and buckle. To get over the gate was almost
impossible as it was surmounted by guards of
faced West and DISCHARGED one barrel OF his revolt
yer. The ball cut Vests jugular vein and caused
McNulty cai MS that the shooting was done en-
nnreiy IN seli-defense. Coroner Schrmer, of White
fialns, yesterday began an investigation of the
EXTENDING JERSEY CITY STREETS.
The city authorities of Jersey City passed an or
dinance July IL, declaring that the gateways and
the convenient use of the bukheads at the foot of
York and Grand-sts. by the public, have been
should be removed and the bulkheads kept open
and maintained for the use of the public"
IL was intended Int end to make an effort to carry the
the ppbicati%Sn Of ordinances Yesterday Messrs.
OF the Jersey Company, the United New-Jersey
railroad and Canal Company, and the Pennsylvania
Railroad Company secured a writ OF certiorari.
directing the proceedings of the Mayor and
Aldermen to be brought into the Supreme
Court for review, The writ is made returnable
at the November term of the court. The
property, which the city desires to take
BY the Jersey, Associates and is leased S"n b8
the other two companies. The Jersey Associates
they say acquired their right TO it from the Legis
dature and have had possession of it since 1904
Their counsel SAYS they are willing that the city
should nave possession Of the property but they do
not propose that the city shall take fOrcible posses
Sion The authorities claim that the city entitled TO
the property by right OF eminent domain and if they
arg successful Ia this case, they will open all the
other streets to the river The city at present has
control OF only pier, for which it paid 81 20 600
HOMILY ON SPECULATION.
1t was reported on the Produce Exchange yester-
DAY that the firm of L. Gross g. Co.. grain dealers at
NO. 10 Beaver-st,, had failed and was heavily in
debt. No Official announcement of the fact was
posted. Adolph BOch the member of the firm i'm
this country was asked for statement of the firms
affairs and nc denied that the firm had failed.
heard the rumor too" said he, :" and the onlv
reason that can imagine for the false report is that
we have determined to dissolve partnership There,
Is no money in the exporting business. and there
TOO much speculation in this country and 1T has
ruined the legitimate business. 1t begins with the
farmer who sells crops that he has not yet raised
md continues until the stuff is delivered in England
Foreign countries benefit by the speculation and
America Suffers Wall Street men are not satisfied
with sPeculatfng in stocks, but they have to buW
and sell gram too. Dealing iii options has runed
the trade venture TO say that there is not grain
shipper here who has made any money in the iaat
ness" VA WIZ JUDI
LETTER FULL OF THREATS.
poorly dressed young man took to Police Head
quarters Yesterday note, scrubbed with a pencil
on sheet Of letter paper, which he said he had
found at Third-ave. and Seventh-st He believed II