New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-02-24
FAILURES IN BUSINESS.

Herman Batter & Brother, wholesale dealers IN
wines and liquors, at Water-st. and Old slip, maze
an assignment yesterday to James Mclean; giving
preferences for 81 ,29S &c. The firm has been III
business about twenty-five years, and had an cX-
tensive trade. 1t reported to have LOST neaNlS
by bad debts during the financial depression caused
by the pane of 1873, and III January, 1870, ru-
mors regarding its sOivency were clrculateu,
but the firm denied that it was in trouble.
The liabilities are reported to be about SZoV,o ~
a large part of which is on foreign account; the
assets are estimated at from $4,000 to SI1o,Ooo
The failure is attributed to old matters, losses by
bad debts and depreciation, and heavy expenses.
The Mutual Electric Light and Supply Company
of the State Of New-York, with an office at Nos 81
and 80 Wall-st. has failed, and Timothy Hurley
has been appointed receiver of its property by
Judge Donohue rs affairs are to be wound up,
and The corporation il to be dissolved. The com
pany was incorporated October 81, 1881, with an
authorized capital of 100000. to manufacture and
deal in machinery for producing electric light and
to sell patent nights to manufacture such machinery
the patents being those of Charles E. Long. ne
names of the trustees filed at the County Clerk ONCE
were Senator John p. Jones of Nevada William ;.
Clark A. NJ LOryca, a. II. Chisholm, Bernard Lande,
Charles +. Long Robert p. Noah, IL. Malthey
George +. Spencer y. i. Robinson and .. II. La
grange. The company was organized with William
:. Clark as president; A. NJ. LOTyea and A. II. Chs
hOln, vice presidents; Bernard Lande, treasurer
Percy \. Lawrence, secretary. ana Chiries T.. LohE
cectrcian and efforts were made 10 ilOat the stock
which was divided into POO 900 shares at - 20 per
share. After the organization was effected McsSrs'
Jones lOryea, Chisholm and Long Signed. i nc
assets about Fl 200. The application Tor a receiver
was made by Lily II. Noah for herself and IN DehaIl
of the stool holdCrs.
Nathan Hyman, of Nathan LYMAN & Co. man
ufactnrcrs of corsets. al No. IS Du9nc-St, made an
assignment yesterday to Henry Meyers. In the
deed of assignment il was stated that Joseph Kun
reuther. the "Co", had disappeared. Mr.. Meyers
the as, gnce, said that Mr.. Kunreuther left, the
place very suddenly Saturday morning and had not
been seen since Ne was the financial manager OF
the business, while Mr.. Lyman looked after the
manufacturing When Mr.. Lyman went 20 the sale
on Saturday to pay OF the hands he found that all
the money had been taken except %. SUSPICION
was at once directed TO Mr. Kunrcuther, and
search was made for him. but he could
not be found. Further investigation showed that
he had collected bills aud made no account of the
money aud bills that were supposed TO nave been
paid were found not to have been. Mr.. Lyman had
no idea how much had been taken OF how, the az
fairs the firm stood, and accordingly made an as
Segment without preference although financial aid
had been extended by friends Mr.. hunreathcT
had been in the employ of Mr.. Lyman for about
twelve years andlasJ July was taken into the firm
Mestre n Ueutz, shipping and commission ner-
chants. at No. 1l6 Peari-St., made an assignment
Yesterday TO Henry w. Goodrich. The liabilities
are about SO 900, and the nominal assets about
the SdIne.