New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-03

highest priccs were made before the announcements III
snlto Of the buying undor the the market seady
declined until these transactions had ceasec'
The assignment of Henry N. Smith was to John l.
Cunning Of vanderpoel, Green Gaming, lawyers WIN
rterepces 70 the law firm whatever sun he might
owe it. . $780,
THE assignee of William Heath & Co. is A. r. McCan-
,sa vino has been for long time the Office manager OF
the firm.
An attachment was obtained in the afternoon from
Justice Donohue the Supreme Court against the prop
erty of Heath & Co. by Mr. MorOsin Mr. Morosihi says
he had slsO00O on deposit with the hrn hc h'u
ordered them to purchase $3.50 shares of Manhattan
Railway stock and twenty five shares OF Metropolitan
Railroad second mortgage bonds worth S2l5ooo whch
he claims that they hold He therefore demands these
securtes and 26j 900 in cash. Hcsays he caeu on the
firm to odeliver to him, and was answered that "
could not done the money was beyond their cohrol
and tle securities had been hypohecatcd He says ne
has not authorized this disposition OF his property ana
charges that IL has been made with intent to defraud
him A separate ground for the attachment was the
allegation that Charles T. Quincy, OF this ir does not
live in this city. -
Tho firm is composed of william Heath and Charles E
OuIncey. both members of the Stock Exchange, and
Thomas t. Davis, who has charge OF the Drahch mousse
in London The firm has also close connection WIN
Paris house. Mr.. Heath came to New-Iork III
1850 from Boston, where he had received a
business training in the banking house OF blake
q. u
stock brokerage business about S62, becoming mem
Der of the old Open Board of Brokers' which was con
sclida ed with the Stock Exchange In May lSOJ llc
went 10 Europe after Black Friday. when ne was
fife nrncnal broker Mcssrs. Could and FISK ana re-
mained abroad about year. With that exception
his business career has been uninterrupted he mas p
reparied as capable and honest broker ana IoF y'1is
1t has been his boast that he did not speculate on ns
own account Ills conservative dealings ana meLhoI9
have given the firm high name. His wire owns u maui.
some house in Paris, where shc lives Mr. Quncf1' '"'
iuuior PARTNER. is in Europe on his wedding tour -,
Henry n smith has been n member OF me StOch fN
change since Is77 but nc famous in wall street IN
1869 lie was then head the firm OF smith, GOu'H,
MARTA a Co. which was foremost In the operations thht
ended I'm the gold panic In his long career he has never
before been forced assignment although as He
has been long rcputed millionaire but from inc appa
ent conii;l0n OF his aGirs he has Oeen greatly Ov'
rated lie has been persistent "bcaT, ana ' 7ccu-
lator Oustlnacy has always been NJ lEou-
m2nt characteristic. After the firm OF smith,
tIould Martin n Co. was broken up, Mr.. smith quar-,
relied with Jay Gould aud 1t is told OF him that no ustu
10 say frequently Of his former partner: lhat niue
for living soon" Mr. smith o-o Dough-
his house in Fiithavc. about 1870 a.n
the Fashion Stud Farm at about the same uhc' Dun
properties were placed in Mr. smiths name Nv Tue
time , ,,.u,,,.. tr.a,, e. 10
said iasf night: I cannot tell what the tallnre IN
wolves either in collars shares, ana there's no use OF
my making any wild Nma'l0ns that may OF ma
not he close To the mark shall not attempt To say
what The figures are. As 70 the cause can Only say
that we were carving men whom We supposed 70 hc
worth a great deal of money and when we wanted ihcm
most they did not respond. Resume leH we nope 10
resume, and beyond that can say nothing.