Morning journal and courier., 1882-08-31
A Horse Thief Under Arrest.

Horse Thief Under Arrest.
 | NEW YORK, Aug 3O.--James F. Rose alias James F. Rhodes alias David Miller, although 1 eighteen years old, has acquired notoriety in the State of Connecticut as of the most des- perate characters there. He IS familiarl y known as the ''Gypsy" After recently com pleted term of Imprisonment in the New Ha- ven county jail he stole from Mir. A. H,
 Palmer & horse worth $2OO all l sold it in Hartford, receiving in consideration another horse worth about $15, a silver watch and g. in money The horse found at South ampton, Mass, while the thief was traced to Westchestcr county, New York, where he was
 arrested and lodged in the county jail st White Plains.
 A FniLs.re in the Silk Trade.
 NEW YORK, Aug. 3O.-There was not little
 consternation in the silk and dry goods trade l to day when the announcement made that the firm of R. < H. Adams, manufac-
 turers of silk ribbons. nettings and buckrams,
 at Nos. 83 and S5 Greene street, with works l at Paterson, N, J., had failed Henry Adams and Peter Howe, who compose the firm,
 made general assignrleEt to-day of ell their property for the be- eft of they creditors to Edward c. Hazard X Co. and William c.
 Fenner, of Field, Champman & Fenner, without preference. This business was
 started many years ago by the father of Mrs.
 Adams with small capital, and increased gradually until the house became one of the leading manufactories in their line ill the country in the manufacture of mosquito netting, one of their specalties. When the father died l. & H. Adams sue ceeded to ths business and cnjooed an excellent standing in the trade About three years ago bitter family quarrel ensued be tween the brothers which led to the dlsSolu tion of the firm, and Henry bought out his T
 the sale was for $2OO, ,O0O, of which $2O, 900
 was payable in October, with notes at two years for $25, ,OOO and mortgage on the mill
 property for $1O3, GOO, the vote of dissolution
 being March f, 1879. In December of that
 year the mortgage was paid off, leaving all
 the property free of incumbrance. Henry
 continued alone until November last when he
 admitted Mir. Howe, who had charge of the
 silk department for the previous five years,
 but did not add any capital to the firm. In the spring the trouble between the brothers it was reported, had been settled, which increased the conf dence of the trade in the firm and their paper found ready sale at very low rate Tho firm have large amount of mill proper ty and machinery at Peterson, including the Harmony, Essex and Industry mills The total valuation was placed by the firm at over $500, ,OOO and all free and clear Their last statement to Bradstreet's, dated December 21, showed as sets $l ,G59, ,922 liabilities S653, 593; surplus $9S3, BPS. The gaeat bulk of their assets consisted of machinery, mill property and I merchandise, which it is said left the work 1 ing capital rather small for such Q vast busi- ness but their paper found ready sale with ! the banks. Much sympathy is expressed in l the trade at their misfortune. It was the
 general opinion that means would be speedily 1 taken to extricate them from their embarrrss- mcnt. MT. Hazard, one of the assignees, said that the failure in his opinion was the ! result of a family quarrel and doing ! too extensive business for the capital The ! assignors were very honorable men apd had given up all their property without reServa ] tion or preference to their creditors. He ' could not give definite statement as to the 1 liabilities, but thought they would amount tc I about S7OO, 900 The assets were very large 1 but he had no idea of their value until the
 inventory had been prepared, which had 1 been commenced.