New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
AFFAIRS OF O. NJ. BOGART g. co.


the exception of small opening through each OF
the iron DOORS Ex-Tax Commissioner Wheeler,
the assignee began his Examination into the con-
dition of the firms affairs but late in the after
noon ne was not able to give any information as 10
the resources or liabilities He said:
been busy In looking over tho books, collecting
securities and coilaeras OF the customers deposited
with the hrm. locking them up in the safe hays
yet had time to begin an inventory but nope 70 d
give definite Information WITHIN TWO OF thiee
days.
Alanson ~ Wilcox, the Stock Exchange member
of the finn was in consultation with their counsel,
William Allen Butler for time, explaining ths
business of the firm 1t had been conducted lately.
| Orlando NJ Bogart the senior member was at tbs
| office throughout the day. His countenanee be-
tokened no uneasness and he greeted everybody
with much cheerfulness He said to reporter OF
| TIE TRIBUSE:
Tie assignee and myself have been busy to-day getting
the returns from our customers and the banks aud IN
along quietly and smoothly and Gr wheeler IS bsiy al
work In preparing statement think we VIII come ob
| fu wish 10 congratulate THE TRIBUNE upon having
better uer and more correct story OF our anars tsn
| any other paper.
| The absence OF Charles w. Townsend. the cashier
of the firm who is a member of the Stock Exchange,
| was explained by Mr.. BOgart, who said tnat Dir.
! Townsend went home sick on Monday, aud sent
word Yesterday that ne would be at his office to-
| day 1t was learned that o. VI. Bogart * Go. held
100000 in trust funds of the estate OK IL l.. hor-
| -
| ago. Mr.. Horton "a retired merchant OF this
city, and about ten years ago he ePoSlted these Sc
curities and opened an account with Bogart ~ 20:
| Ii was rumOred that OF these had been used
by the hrm TO bridge over their dfhcultes, 9ut 10
was learned that such was not the case, ana thiI
| the firm still hold them intact.
| HOTCHKISS, BURNHAM & CO. TO RESUME.
| Nh Hotchkiss of the firm of HOtchkss, Barn.
ham & Co., said yesterday that they hoped to re-
sumo to-day, although he could not say positively
that they would be able to do SO at 81 early data
That they would resume only a question OF
time They were hard at work straight
ening out their affairs and had got
| sufficiently far to know that they
could pay every dollar they owed MIR
Hotcbkiss added that many Of their customers hal.
taken up their stocks or largely added to their
margins, while others were yet to be heard FROM
| Previous TO Wednesday the frm had reduced their
| indebtedness more than million OF dollars. me
trouble was that they could not borrow on certain
! securities. The banks had suddenly become OK
| tremely careful and cautious in scrutIniZng So
curities and stocks offered for loans aud had COM
PEELED the taking up OF others. The result was that
money could not be had except at The most runoa,
sacrifices HENCE they, with Others weIe coin-
PEELED to suspend
NOTHING NEW ABOUT HATCH & F0OT&
There were few visitors at the Office of Hatch 81
Foote at No 10 Wallst., those that dropped in be-
ing friends who called to express their sympathy or
customers who wished to lend what assistance they
could in arranging matters. Daniel b. Hatch, the
senior member of the irm. said to a TRIBCNE re-
| porter:
There ia nothing TO add the facts published this
morning. II is impossible for make statement
condition, but DO not think that the liabilities
| will prove be large the public suppOses. Va
have made many personal sacrifices 10 carry custOu
ers and we are prepared to make IN arranging
settlement The progress OF the settlement VIII
ary be slow account OF the atOry OF tao
| law.
CONDITION OF NELSON ROBINSON & co.
Nelson Robinson, of Nelson Robinson * Co.. the
Seney brokers, stated that the condition of the firm
was the same as on Wednesday. The ultimate rs
suit of the arrangement with creditors would
depend largely on the future course Of financial
affairs Mr.. Robinson declined to discuss tho T,,>
lations of his firm with the Metropolitan Bank.
w. IT. SWEENEY MAKES AN ASSIGNMENT.
w. III. Sweeney, banker and broker, at No. 10f
Nassau-st made an assignment yesterday b A. e
Aubrey Mr.. Aubrey said to a TRIBUNE reporter:
II is general assignment without preferences; the
liabilities are small, I think not $4,000. MIR.
| Sweeney did his brokerage business through Fisk Il
Hatch and their failure partly the cause of Mr.
| sweeney's-
Mr.. Sweeney failed year and a half ago.