New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-07-17


He.pmauu & Alexander, of Nottingham England S3ioto
hSs ; u Eon co 1000
Zen notss discounted by the Central National Bank.
ops note to the same pAte, with iudorse an
shit notes discounted by the National On ooo
Bank ''''-'''
~, ......... $3.50 o5e
Besides these there are two other preferences "S
follows:
Receiver Of the estate Of Charles Z. Shaw.
Receiver OF the estate of Joseph c. Gilmore
The amounts of are lett blsak ana tle " tSa
ment filed in the County Clerks once s." acb NOT
they are TO be paid the amounts uu0 '
known at the present llne r,l y,rd ir
William Yard and John O. Wills lnon ro nuSi ~
last wear amounted to about $l,5O0,ooV' :, i ths
house was extremely popular ana $1,000 u ~ 'mo
estimation OF the trade MT Wits, Jun" tho bn~se
ber of the firm. who was par, ner Mhen nv
was first organized. said TO a TRIBUNE lePo''Ii ~,
We onIv decided Yesterday afternoon TO suspend. me
cause soqss is ,ns no d i-s p'0 Of o. ing Sogt
Co we could ge any qnSntlty Oh u"n nsv from MIR
Eosart whenever wanted 1t. since men Ne 49, n
found 1t hnpos able 10 get money Formerly w. '6a
limited ereait and could sell an or pSei I'D ~ nIy
and trust companies and private individuals 1'sa ~ ~
sinslename paper keGsntS nonY We used TO
any price. nor could douole-hSme pay n,,nG TerI sr
hove orr notes Endorsed sometimes by Edmuhd lau o.
an Goods coming in The shrnEage in this business aiso
has been great cannot give any eSlmsts o. U 'S
We shouid sto, We cansot tell whether mere - "S
probability OF our resumisg untl we get tu,ous " c
worn and will take days Our goods t ha,e Ia, ~ ~
counted In many of on goods esch ple S a. sirk
We devote two weeks a. IT, We shall not be so IonS t
go tbnnyn tbe l,w gives rs twenty days. We arc snG-
. - oa', sb The work as soon as possible We m-
non ed goods from England and Ireland rance, 70
Nan, and Swit2crand. Most of Indebtedness Is
abroad our firm was organized January /, 1865, WIN
tine present partaers We have always prosper H1.'
now We have had the sl hteSt uO1oie oGl "
Ne might have borrowed money from our friends am
gone on, hut II would have been problem Nueih'I W.
Cord mn through and we did not want 10 rlsh our
friends money We have very tle paper out AZ prs
ont not becn a0ie to PIT ON dle'. i A' ,
that been presented up to the present lHV "Ne
been paid
drr nan w. vauderpoel, the assignee, who Is
connected with the firm OF 3ndrfP",, "''T f th.
susnended house, and VINO Is nephew OF Adl"n -
NandeTpOcl, sad:
As far "a We have bc,n able 10 ascertain WITHOUT en
an ming the affairs " the him the dtPIt' id'u ~
Tho Naue OF the goods and The uup1SnlN oi o1' ."t
acconm3iat1n are iir causes o" me 6ep.e mas been
obliged 20 carry large amount 0 STOCK I9r IT,
ten AT present wnat thc ds,etS aud hIDillo a' CAV
make 40 estimate uut we examine inc neoH' I1 'Sxs
M account o stock. lh,s being done now UhjlI we
have completed schedules and inventories our h3i-
other assignee. Mr. Erie Imam. btyo had no business
relations the hrm, bar was sunny iIleHd OF we
partners knowing them an personally. Twas prepl9S
cause had had some experience having oceh assignee
for Jesse Oakley * Co., IN May, $50
William Freshman. who is connected VITA the
firm of A. Friedman Il Co., Nos. SO 10 90 Grcene-N'.
importers Of white goods and laccS, ana Is the son
OF the head of that house SAID:
You know how the money market "a. There IL Gle1t
deal Of distru.t md the banks have all saul down thr
credits have been ON mt innate terms win NC mem
bers OF the firm of Edmund ard Jr' 20 ana ~ wa"
for that reason probably that was selected rs one
the assignee.
edmund Yard. the father Of the head Of the
suspended firm. is a retired merchant uNins
i'm This city and is sad to be worth p
tween 100000 and 100000. He was for
ionse of Edmund Yard Il Co., alterward Yard
Gilmore n Co. importers and lohbers oil df'SS
goods in Philade phl2. lie ret'ed many years ago.
I'm Deccmber lsG>, when the new firm started, Of
which his son was the head, he stated 70 Il. L.
Dun Il Co. that Edmund Yard, lr had been a
member of the firm of Edmund Yard X Co., That
William ard had been with George poarcc a Co..,
and that John o. Willis had been buyer for KobcIt
Struthers. Their capital was stated To he 9loo'O"o
All their own money. This capital was gwen 10
the firm by Edmund Yard So. ON December l.
Is6g the house had made ~ 5000 and the father
gave 100000 more, winch ne assured lun ~ 10,
was uuequIvocally at the r~k OF the business IN
January. ISL Edmund Yard, ST., stated tnat an
inventory Just taken showed that ihe hrm hao Il
surplus of $4,000, which was tleI own I,onSiS
mud WIS invested IN the business. In March,
lsSi the firm claimed that their capital was
over S25O.OOJ. and their friends confirmed me
statement but thrv said they could not give the
particulars rs their financial man and conudenllal
clerk had Just dIed. Their Liabilities we're Hsht al
il Is understood that the failure was brought
ahout by the pre- ,euCe i'm thus city OF n"hbcl 81
fine firm of Hespmauu & Alexander, of Notungt2. D.
England, who insisted on soiue stltlemeu' ~ Iii'
firms claims. Their rating on nun ~ Co.. 3ooh'
was 1l2, which indicates that the'r capt." va,
between 5000 900 aud $500 900 and their credit
GOOD Their tit has been more or less discussed
OF late and Duu ~ Co. have recently gwen them 4
cautiouary rating reducing then credit rating from
"hiph 10 good Not much is known about
tie house in thus country hccarse they dld not buy
any goods here, aud theI transactions wore mann
with the banks. 1t is also said that they had re-
Gently placed some Of their paper IN the hands OF
broker down town for sale. hat that there was NJ
demand for it at anything like reasonable rates.
CONCEALING 4 SMALLPOX PATIENT.
DIR. TAYLOR Chief Inspector OF Contagious
Diseases received information nom the BIookNl
IraIth department on tuesday that smallpox
patIent had escaped to thIs city. The wife o
Patrick Hughes, OF No II Frankiiu-st., Grcenpolnt
died about ten days ago from SMALLPOX A f."