New-York tribune., 1886-11-14
THE AFFAIRS OF FRENCHS HOTEL.
1T Is SAID THAT 1t WILL NOT BE CLOSED

MIXED COMPLICATIONS OF 1HE SEVERAL COMPAN-
IES.
Frencb's Hotel in Park Row, opposite the
CITY Halt reopenei ABOUT six months ago. atter
heEg rehtted in costly manner. apparently oy those
WIN have but little TO show for their
,,,.v Ths comnany which trst took charge OF 1t be-
saue heavily invoivoi deots. and then the hote was
a stock company After several transfers
TO different companies and many Intricate comphca-
hons tho property into the possession OF Coleman
& Co. who now control 1t. The members OF this com
panv say that they not IN anyway involved In the
troubes of the former propretors that they can pay
for everything as they along, that the hotel pros
perng tneir management ana that II VIII not DO
closed under any circumstances. The fahure OF the
Duffy Malt wniskey Company brought the affairs OF The
former propretors OF the hotel 10 crisis
Their unsecured creditors have claims
which aggregate Sos 0OO and some Of the creditors
,ay that the viii swell TO many thousands more
The creditors that those who were most hnan
tay interested its are the creditors VINO
are secured by mortgages which aggregate SolOoo
Wnen the hotel first opened F. W. Coleman and
Thomas J. Hurley were practically the proprietor'.
Their copartnership papers called for only three
months partnership, Mr.. Coleman states because
stock comp to be made at the END OF tnat ume
stock company was formed, but not until after cue CO.
partnershp contract had run over month more than
was called for by the hrst cement The original
compapy was heavily In debt. Freuchs Hotel Company
then took charge, assuming the debts OF f. W. Coleman
Co.. the style OF name taken by Coeman
aud Hurley. r. scherer Co., composed OF
Walter b. Duffy. Thomas J. Hurley, T. scherer
and two others. forecosed chattel mortgage
of $4,000 and took possession +. Scherer Co. also
haa the sheriff take possession $4,000 judgment TO
make themselves more secure.
The French's Hotel Company at this time, october
H. also gave the same company Dill OF
,.le of all It's effects r. Scherer d Co.
aii not hold 1t long, for within weny-four hours they
transferred It to Coleman q Co.. which is composed OF
FrsnEs Hurley j. E. Walter secretary aud treasurer
and James Lynch as president and A. Phhp
MeCanrey. vioe- president. Thomas j. Hurley
VINO one OF the original promoters
OF tho re-opening of the hotel has gone to Honduras
where he 10 interested In q steamship company lie
wa. also interested many OF the plans OF Walter b.
Duffy Of Dufys Malt whiskey Company.
When it was announced last week that Dutys
Malt whlskey Company had faIied' tue
creditors OF tho numerous companies who
had run the hotel sinco June and who had tried
moral suason and tho usual methods OF collect
ing their bills, called on f. W. Coleman.
and Mr.. Coleman matter OF SELF
protection called meeting OF creditors which Was
held yesterday in Temple Court. There were 60
many creditors that they went to French's Hotel
copy of which was handed to each ono:
NRw YORK. November Ist 1886
have % BY ae s s'y tn a
ia. oi and all interests have passed
o' duo bills issuei by therefore Of no
a, vann than any debt OF tho firm and cannot be
eced IA the new organization refuses 10 recognize them
Nc regret exceedingly this condition oi aH@irs on' are
powerless TO avert H. ,..,... ,ho odvor,isou.n. in
will. therefore please us s "
your paper and obige. ioufs'e '''P''
+. w COLEMAN q CO.
W. Coleman came along in fes ninntes aud was S
;ds,ssd to sAe cnar.. ~ eas Sro%a VINO OF
prs.rot managers OF the hOiel, toh .uo oioa -.
ftors that they were considered as trespasses' -
shey had no right there, but tho nesting contnuou'
Tam nor.ry chairman and secretary were eiecteu an
then Mr. Coleman male O statement waich 10 III 'no
sauce a follows: That
There were mortgages s5 Ooo Hannigan bon na
lion having one OF $4,000 w II. 0lesheven one vi StooV
y a another OF 3loOOO. ahu apo
6uny one Of $4,000. There was about so',vvv ~,
IN ,ther paper. 1he Ffenehs Hotel COMPANY nas 1ut
40 0Ou acceptanees open accounts OF 20 Oo0 anu "a
french the estate has claim OF vot"o7n
=, UD ami for improvements TO the properly over
~ 600 which agreed 10 make and which lien on the
property. . , "a.
wa.n asked what tho assets were MI Colsman SAID
Z. oav our riRbts In tue lease" When Asked where Inc
lease was he had pass:d oui Of the hands Of Tho
Ersne NJ Hotel Company. When tho creditors became
tncnnsed It this state OF snairs and accused
Ir Coleman Of bad fstb ~ ssd thai Nhen the sehems