New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-11
TROUBLES or BUSINESS MEN.

FAILURE OF WILLISTON, KNIGHT az W.
TIE IuStoR PARTNER SUPPOSED TO BE IN PARIS
A RECEIVER APPOINTED FOR TIE EAST HAMPTON
COMPANY.
At the office of Williston, Knight IL Co.,
the wholesale button dealers in Worth-stwho suspeueu
payment on Monday Mr. Tenney. OF the hrm, saiu yes
teray that rough estimate showed the Liabilities 10 ne
about s262 900 This amount included all the deDS Oh
the firm, together with those OF the Wllston q hb"'
Company The assets had not yet been computeu' o''
It was evident that the firm could not pay III iu LILO
assets however. large. Some OF the ou'-oi-'o"
creditors had tslegraphed that they would De I'd 'iis
city to-day. He said that the Williston hnsu'
Compauy mad also suspended, 1t was vlrtualy uho
same concern as the firm. From friends OF the ih'
was learned that offers OF aid had been mao " pu' ~
its feet again. settlement cOulu pe hi"us
with the creditors. 1t positively assereu ''"' "
W. Knight had gone Europe and was now supposeu "
be III Paris lie made secret OF his departure anu
bade bis wife and friends goodbye DeIore
he left He expected that his irregularities "ouiu
not DO made public, as lie thought that n''
father would make good the losses and keep the matter
auet H. W. Knight was formerly treasurer OF the fist
Reformed Episcopal Church. at Madison-aVe. ana fDy
uint and the time the church was built IL Is said
that he ran the egatlon heavily into debt He was
very exravagant his ideas Of how the church should
be built The cOngre cation, IL Is said, finally chose
another treasurer to succeed him, which maae MN
angry ana he lett the church. The congregation suOse-
ouenty paid oil all the debt After he left the chrcA'
ina mode OF lie chang and his habits became bad
The Williston & Knight Company, button manu'ac-
turers at East Hampton Mass, Is incorporated Or
eauizaton with capital stock Of $4,000 paid in. The
certificate OF condition filed on January IL, 1857,
showed assets OF S2J713O consisting OF material and
stock SI4O6i5 buildings, $4,000 cash and debts re-
celyable S240s5 machinery, $4,000; land and water
uower $40 900 miscellaneous $1,000. The debts out
sde the Capital stock SSl,O03; the reserve
for depreciation S25 900; and profit ana loss O31
Justice DOnOhue, IN the supreme CONT CnamOerS,
made an order yesterday appointing John NJ harlwe,,
the assignee OF tho firm OF Winston, knight
Wilston & knight Company. The order was made
ON the application of DIR. Charles H. knlght'
brother OF H. ". Knight, IN suit brought Dy MIN rs
shareholder OF the corporation Mt knight alleges that
ne Is TIE thirty shares OF the stock OF the COM
pany Ira liabilities he said amounted 10 @lIZOOO' OF
which $50 900 due 10 persons In this state.
An Intimate friend of H. ". Knight said that he last
saw hun March 2 when tue latter called NJ Ills once
10 bid him GOOD bye. Mr. knight then said that lie had
tue hrin because uls
trs business methods did not with his own, ana
thar ne himself become Involved through Efforts 10
bny up "A con trolling interest In the firm. MI Knight
continued tins friend said that be hculd travel snort
time abroad and then probably establish Himself
Ina business la Paris uo told 10 write u him. care OF
tie Hrm' D. Partisan agent John H. Stah at No II hue
an Fubourg IOls,Ouierc. offered to 10 the steamer
with him. but lac declined the offer. the vessel wOnd
sail early DO not believe he took any woman WIN
him. HorafiO c. Knight the senior member OF the nrIn
has been LleutenantGoyernOr OF MASSACHUSETTS LOT