New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-12-13
LOCAL. MISCELLANY.
r.urRp OF A LARGE wOOLLEN HOUSE.

FAILURE OF A LARGE WOOLLEN hoooh'
uAnnllIEs OVER Observation-Disclosures Chhp-
IroRs-cAusNs OF HE SUSPENSION
II Goodwin 4 Co., wholesale dealers IN
Soollcns at No. 81 Wortl-st. made an aSsighmen.
YESTERDAY TO their attorney John H. BIRD Incl
preferred creators are Augustus IT, iano' onmt
sartncr of Mr.. Goodwin for three notes an no ~,
l The 70 Han SVep National bank for s. ~ oa
4 Co. Sl00Ss Al, and Harding, Colby a Co.. Tor
$4,000 The members of the firm are iien'y o. q.
Goodwin and RomulTs T. hudson M Goo@ @Tf besan
his business career in January, 1865, az memoero,
The finn of Pane. Berry n Co., with whom ne iau
been employed Tor several years; pam. Coodwin
& NOVEL;; Paine. Goodwin N Co.. and GOODWIN,
Smith Il Co. Mr.. Hudson had been BOOK Keeper
with MIR Goodwin for several years before ne was
,nade n PARTNER The failure was surprise 10
some of the commission houses, rs MIR. GOODWIN lau
stated that the inventory of the iilm maze fcoi
rusry l. 1854. show ell stock worth Tlil oou Spnu
accounts receivable SlsO,0OO; bills reeeiNahiei
III 4 600 cash 81 900, against which they hau
liabilities Of $203,OOO. which lelt an appaicn, s,,
pus of g 90 600 in addition t. which they ha,i
suspen1ed accounts of nominal value oi 10 wv;
Mir GOODWIN said yesterday that the lianlil,ies oi
the firm were between S320OOo and T3ooovo'
but the value of their assets he was unable To de,
iernine until careful eXaininttio oi theh hal
been made. Their credit rating was feunceu WI
the March issue OF Il. t. Dune us '''e''"''
b John II pitd. the assignee, was found IN the the
T..
haan severe one tu no. a the nctc so hec'HSo ~
tanp 60 nnrs t'ptte,llv, ~ tn the one was
called nron to draw the an", w.. ,iT "T shn
Hfm's difficulties, u "a too spuh Aei ~ sNe
my iges Of The es n,s,ds " "i ,ns p,s.
fs,ied ,iodlms the amount involved "a qW'e
small" g., a.. f,i,,,a;n
- Primarily 80 Tie eenpihl dtittsainh ~ ,he
weolien uada," Nc iiiW lrpled, hr iha'hel hNs
been steadily tending dqNn"ald Tor lne ias' A".t
OF inoie, MI Good NIu, like ile' merchants hele1
that after the election II Wonldploh up hnl hs'n'n
matters have gone nom had 10 worse, No ma''ol
how ohoaplY lac bought the maIhoi 'oh!luueu y"
NO lower and finally he Determined III Justice 10
his creditors and himself To stop OPERATIONS me
creditors he continued, VIII ali he called 10,
pethcr at an early date and some arrangement VIII
bo made foI the settlement OF Their CLAIMS INC
firms stock Is "a large aud valuable one, ana no
doubt first-c ass settlement VIII DO elected
CHILDREN PRETEND TO RAISE COTTON.
The West side Boys Lodging House carries on
two schools in addition to ITS other work. In inc
urinary school o jet teaching forms an important
branch of the teaching and the children are taught
each year the met hods of cultlvalng some one on
the staple agricultural products Yesterday the
children gave an exhibition at their schoorooih at
ScVenth-avc. and Thirty -Sccoud-st. ne most IN
tercstng part of the exercise was an Illustration OF
the process of cotton growing. immature COTTON
field was mproN Iscd III the Ccntle OF the room, ana
small plough and a harrow were produced Hno
youugstcr was made 10 do duty as morse WDiIe
another directed the plough TIE planting OF the
seed and the formation of the rows were Illustrated
i'm the same way. While those agricultural pro-
ccsscs were being carried on the other children
tasg appropriate songs. and the mead farmer. boy
of six on seven, kept up a running comment eX-
planning what was being done for the benefit OF his
nniniorined comrades When the harvest had becn
gathered another lad assumed the character OF
pedagoguc and questioned the class upon the gen
era uses and properties of the cotton plant. Inc
whole exhibition was closed by a recitation III
chorus 10y the children of some verses, IN Whlch
they expressed their hope not always to hive IN the
city backing boots and selling newspapers. but to
be able to engage some useful pursuits, 10 Gull
yate cotton in the South wheat Oh the pralrles.
il is hoped by this method TO give the children
practical acquaintance with the different branches
OF agriculture 50 that on reaching manhood they
may be able to gain an independent livelihood.