New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-13
FAILURE OF ORANGE JUDD.
COMPELLED TO MAKE AN ASSIGNMENT.
ASSETS AND LIABILITIES NOT KNowN-THE PUB


ASSETS AND LIABILITIES NOT KNowN-ThE PUB
LlsHING COMPANY NOT AFFECTED.
Orange Judd made an assignment yesterday 10
Reniamin = Clark giving nine preferences amount
ing to $11,300, as follows; EStase oi nnou m,nd
estate of Charles W. Judd, Biughamton, n I.
So 900. trust funds. partially secured; John DICK
5000 money loaned Robert Darlington. BROOKLYN,
1896 on notes; George fhurber. Passalc' N. D.;
$3.50; Sidera Chase, BROOKLYN So notes srcmreS
6y sixty shares of the Sackett Plow ~ Puiverizer
Company; John W. Pratt Brooklyn, S0oS S %a
by shares Of the company; New YORK fiough
Company. S25 money loaned. , ,
The assignment is by Mr.. Judd iDdlylduaIiy, anu
IL is said does not affect the Orange Judd PUBLISH
ing Company of 10. 751 Broadway. lie Was sue oao
by his brother. David w. Judd. Orange Judd was
connected with the business Tor over tnlrly te'S,
aud was widely known throuChont me County n IA
connectiou with The american AGricatWSt anu
other publications. He has always neen regarueu
AS a liberal man In 1870 he gave to WESLEYAN
University 100000 for the erection OF the O,a1So
Ju'd Hall Of Natural Science. lie was Interested IN
yarious enterprises outside of his regular ouspesS,
aud i'm some OF them he lost considerable money; lie
was largely interested IN the Crandal 10y COM
pany m which, it is said, he sunk about $3o,OoU
He was formerly president of the Sackett flo1gn ~
Pulverizer Company, OF wnose STOCK nc f Honths
aga He was sanguine In regard to the future Vi
tins company part of his stock has been pIedgeu
for loans iout Mr. JUDD %CntS WAS ssd snd se then
he has been unable to attend to business lie had
nun,her of notes out which were aOOuI ~
mature and for which he had not made immaculate
B. w. Gwillem Mr.. Judd's attorney said that
since Mr.. Judd was sunstrucK ne han oeen ~ .,ie
country irving TO recover, and was not aoie 10
attend to business at all meanwhile some OIL MS
notes maiured aud one OF the creditors MT van,
brought SUIT for "a, 900 AGAINST hlm Mr. Judd was
not able to down to attend to II until the time
10 answer was about up. DIS was ON wednesday.
He asked an extension OF ten days, expecting III
the meln line to make such business arrangements
as to effect a settlement which would not nave
made the assignment necessary. but the creator
was very persistent AMI exacting and refused 10
grant the request, although he was gwen TO under
stand that he would have an opportunity 10 secure
his claim in full. This forced the assignment MI.
Judd is not well enough to look into his aitars III
present and will have TO remain III thr county ~
Mr. Gwiliem could not give tine amount or the
liabilities which were chiefly in discounted notes
held by banks nor did he know what the assets
were Mr.. J add had house IN Flushing III wDlch
there was equity and portion OF ms STOCK IN
the Sackctt Plough and Puverlzer Company was
hvpothecated. . -, -,
Ir. CLARK. the assignee said that Mr. Judd did
not know how much he owed nor what ne nau 10
nav il with; he had LETT bundle or securities
with the assignee, but these bad no market value al
present. . . o II,
COMPANY made the following statement 70 RIB
UN Ieporter regarding his brothers assignments:
"Orauge Judd has not been connected with this
company for some time aud only nOlnlhally IOr
sey.Tai years. In 1878 the control and manage
ment of the concern passed into the hands OF the
present managers. Orange Judd's hnauclal emDar-
r ssments, Wnica have eliminated his assign
ment date back several years ago, when he gave
500 600 for the esta Olishmen OF Han OF NatuIai
science at Wesleyan Univ 'Tsltv. ana contributed
lar sely to the building of churches ana SUNDAY
schools aud to o. her phiani hrOpic enterprises lie
was then largely Engaged real-e>tate operations
and RAILROAD enterprises: In connection WIN Coz
rad Ponuenhusen he projected the network of rail-
roads which now cover Long island. Mr.. Poppen-
busen became involved, If | remember rightly, to
the extent of several millions. and was comDelled
10 succumb The heavy depreciation OF Mr.: judas
rel esta continued to cripple him, aud after
going ont of the publishing business he entered
mo new enterprises with the expectation of
being able 10 realize sufficiently to meet obliga-
tiops " Inch ne had incurred by lavlshly giving IN
prosperous times. | have seen little of him Tor
some time past and do not know. the amount OF his
assets anu liaoiltoS." .
C. A. Runkle the counsel for the Orange judo
Go many sal That the assignment OF Mr. judd
Gould i'm no WISE affect the standing or the credit OI
the company.