New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-12
A COAL FIRM IN TROUBLE.
ALpERs & swARTHoUT EMBARRASSED.
ONE PARTNER KNOWS NOTHING ABOUT THE
FIRMS AFFAIRS AND THE OTHER Is
IN NEw-JERsEY-
OF OTHER MEN.

OF OTHER MEN.
.,no,ncement Yesterday that the coal firm Oh
49,. a svarthout with Offices In the "&hIhs'o"
pu,nnr No Broadway, were hnsnciahS enoa
r.ssed aroused special interest IN mat DIE puii"e
~h,ch is honeycombed with the omcos VI cue"
merchants ard coal corporations. nuinoo' "
cr.d,,ors Of the firm promptly on nano' vi.
c.,sbont was also on hand to tell what he Knew u
o.. Affairs Of his firm which in brief was nothing AZ
au Mr. swarthout said that since last FRIDAY ne nan
been looking for Mr. Mpers, who had not occn a 'no
office since December 5. AS he was the only one "no
had the combination TO the ONCE SAFE "hee oil inc
hooss were kept his absence was serious ahair. oh
the night of December 6, Mr. swarIhout starteu ou'
~ apd Mr. AlpeIs but not until Tuesday night. Mr.
sv.rtbont saws did he succeed in his search. Iheh
he found MIR. Alpers in Jersey City, cose'eo WIN
LAWYER and some of the books OF the hrh' MI
swarthout said that Mr.. Apers was unable 10 give
spv account of the business of the firm All he could
say was that he would try TO have statement Oh 'no
firms affairs made out by yesterday.
Mr. alnerS did not come TO the Office in this CITY
yesterday Mr. swarthout supposed statement wouio
be furnished at least by to-day, and probably iorins
assignment made. -, ~,
Al did the outside buying and selling SAID MI
Swarthout yesterday, "and Mr. Alpcrs iookeo aner
the books, money and office work. hne" "o'O'U'A'
nothing OF the firms Affairs
For the last five years the firm has been composed
of Mrs Ida c. Alpers and Mrs. Margaret swarthou,'
whose husbands have represented them as agents WIN
mower of attorney since october. 1884. the Two
men not having been discharged of haoliues lnc uri'
bv the failure of Joseph X. Wells Co., coal dealers
on September IS. 1884, of which firm each hao oeen
a partner Since Mr.. Alpers's failure to cross the
North River several csrgoes of coal ordered Dy
customers of the firm have been attached in transit
by creditors. II learned that the capilal s'och
Of the firm consisted of about 100000 of stock OF The
NevJe,sey Dry Dock and Transportation Company
and this IS held by the Park Bank collateral inc
creditors fear a complete loss. 1t IS believed thdt
,be liabilities may be 100000 and certainly VIII
not be under 5000. 900. Among the creditors IN the
coal trade are H. +. Downs. of No. Broadway Tor
$40 600: whitney & Kemmeier of No. III Broadway,
90 600 and F. A. Potts d Co., of No 26 Broadway,
10000 The greater part due Mr.. Downs. II is SAID
is In Endorsements. large amount OF this paper
is held by the Bank of Deposit. Mr. Downs reluse'i
TO talk about the subject yesterday. MI Apers' IL
Is said, kept the firms account Ill inc farA Damn
in his own a agent
Mr. swarthout greatly vexed 40 the puDnca-
ton last evening of the statement that lew Gays
AGO he had loaned Nh Apers $3.50 which belonged
~ the Burial Society of Adams Memorial Shuch, NJ
FasI Th.reeDtG-St. MIR. SwartnOnt sdd ms ms wa va,
personal affair and would De seiueu ny MN '"
A Judgment for s47 6s1 O4 was entered in the
Comfy Clerks ONCE in favor Of the Chatham Eatonai
Rank of This city and against Franklin b. steafhs,
on of note Ior S4D.VoO MAJ vi -, 10 ra;
10 1887, by A. Il. Cleveland, the seedsm VINO rae
away some time ago. and ndorsed by Stearns.
Fuchs d KIaS cigar manu- a ulers al oeNehS
frst-st and Avenue A, who made an assignment on
ors al 80 cents on dollar in notes at three, slH
and nine months, Endorsed. The iiaolllnes ar
s13A 9g5 of when Sal 900 is On real estae nl4il'
GAGE sti4 81 for merchandise, and S2o,4oo prefer
epces for borrowed money. The nominal dsSrus ar
s131 ,337 the principal IL ms pers s53 069
labels, $4,000