New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-29

"Of course " continued Mr. Smith. cone bad fea-
ture of the is that the merchandise is in broken
lots, and n il is taken Ou If the store II viii not
r~alize much on the cost The question for YOU TO
decide is whether the stock shall be dispOsed o.
one lot at private sale or at auction. Application
NIGH be made 10 allow the receiver 10 sell II out at
retail but, IN NV opinion. Tins plan wonld entail
too great an expense. am determined 10 close up
the Teceivcrshlp rapidly and as lneNp"nSyeiy as
and there must be no unnecessary litigation.
Under the attachments Of Mr.. Schulh@f
mon 81 500 of ,lrcss goods So 200 of black goods
aud S2l. $50 of silks and lyets, "A total of
S39.0sO. Measures will be taken to vac2'e these
alta hments and have every confidence thaJ thry
will he succcssi d.. have just been informed by
MISS Ficld that Arnold. COn>t DIE ~ 20. ale willing
to taxi, thr len - OF the binding from .anuarv |,
1883 It Is for you to decI ie whether il b" ad visa
hlcto accept Oror t. sell out fha lease stock and
fixtures 20 some la &c retailer who may b. Wiling
to carry on the 4u,ln s'. mat would be the mosI
profitable way of settling the affairs OF he concern
lie lease IL nm Cub eddy a va IA Die one
- would ike 70 know if h. b. Claiiin * Co. are
represented here" a creditor SAID.
Ir. smith looked lnquirngy at John j. Adams
lawyer present WHO said "Clanil IS not rep
resented. appear for Ieilt Weller q Cor
who is counsel r Phuip Schalhoh.oue Of the cred
itois VINO has levied on the property,
DO yon appear for Nj. Schulhoni r. interrupted
Mr.. ~mIl IN amid general applause.
Not here was the reply. = rrreSen' Martin
Ramhrrger. WHO has cl i'm of $372 against tn
cstato / want to know whether yon Will curry out
whether You nave simply called them to get their
views. intending to act then ~ you please p
ANY proposition that majority OF the creditors
will accept. can say most positively VIII "e
q ad 10 apply to the court 10: permission to carry
out" re pended Mr.. smith.
A wraHgle arose over the question Of appointing
4 comm II of CREDITORS t. consult with the receiver
as to tn best method Of reIlIzrg on the assets.
rlc Sentmeu' of the meeting was strongly agansi
having MIR. Schuhon represented. 1--WE don't " Mt
TO I've on your committee Ar i umcn'tlr de-
clared "W've got "A goOi enough committee OF
our own. lie ]. IN pos .c's0n.'
don't think he will Do long retortcd the re-
Ii was formally voted in a loud chorus of ayes
that Mr. Schulnot should be LETT off The committee.
There was au effort made BY ot the credI or'
also 10 k"rp IN All stockholders who might be cred
tors Some OF n present specifically objected To
Arnold. Constable 20.
Arnold, Constable u Co. are not siockhOldcrs''
Nj Field sald. 81,
can see no objection to stockholders serving:
SAID Mr.. SACKS of SgCAs 4 Br itDcr " lhey would
be Interested getting as much out OF the assets as
possible III order TO realize something IN the
If was voted that the COMMITTEES be composed OF
the nine Irgest creditors. Mr.. RanGaI allayed The
sens.tIycness of some OF the smaller creditors by
declaring hat such committee "Onid nave among
IFS uen1crs only one stock hOldrr-Ar. iiO9uc, who
he'd no more than three or iOur n res OF stock 1t
WIS nnally voted vOciteroustv that Arnold. Con
able ~ Co. sAoud be Included III the coln.nlt eo
which was announced To be composed OF representa-
tlycs Of the following firms: Rcyllon Frcrrs,
whose G aims amount 10 = loo; q. Cram"r * CO.,
80 1000; Jane, McCTe,Iy X Co, $2,2OI; \ inOid
CONS able 4 Co, ~ 1870, cXc.U I've OF a cialm OF
81 900 for rent: WIumerdng, II 'gueU ~ CO.,
no: Noritz Parh. $1,000; Charles kretcnnlan,
81 rs Sacks a BrJthrr,Sl.1OO an the American
SIM Manufacturing Comp NV $500. The com
mice met Tor OTgalIZa ION aItyr tde merl z,
winch a lJurnrd TIL next ihurd Y at p. IN. Iut
committee j. slnguine that trans er OF the bust
ne, q The as .ocidtIou can Uc made without much
sacldre of thc assets. Til, receiver expects to pay
all the Crcdl IN full.
lhn following judgments have been entered
opulust the a4soc.atIuu IN the County Clerks Office:
Carnan Aicnols. 41.laS; Joseph Myers ION,
~9lJ: l.. X Eddy ciOO; Resale Herman, TZlf
Max Waterman, 800: Howard Bro hers 800;
SHAW q Chris Ie 500; Smou ~ KIufln tI, tl,O5J;
Nlrnusc 81 kanlnan. $40: DAnAIg BrOtners. .3oJ.