The sun., 1890-12-10
MORE DECEMBER FAILURES.
NTGHTINGALE BROTHERS 4 KNIGHT
FOLLOW JOHN 4: WALKkR'S SON q CO.

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HTGHTINGALE BROTHERS q KNIGH1
FOLLOW JOHN z. WALKkR'S SON = CO.
A u.eceiver for tho Charleston. Cinciaaati
snd Chicago Railway Failure OF - nrok-
srs' Firm and Firm of Buiisera
Nightingale Brothers 4 Knight silk manu-
facturera at Paterson. have made an assign
ment to John s. Baikalow. They were carried
by John 4. Walkers Son 4 Co.. and whom the
latter firm failed on Nov IL they obtained an
attachment for $63.O60 against John and Jo-
soph Nightingale. Yesterday the National
broadway Bank obtained an attachment
Against tho Nightingales for 1904. The lia-
nilities OF Nightingale Brothers Il Knight are
trying TO compio omise with their creditors at
go cents on the dollar. but did not succeed.
The firm also formed a stock company. called
tho Nightingale 4 knight Silk Factory, with a
capital stock OF $500, 900. to which company. on
Nov. "a they decided the silk factory property.
Dispatches from Knoxville say that Samuel
Tate Of Memphis has been appointed receiver
OF the Charleston. Cincinnati and Chicago
Railway and that the Massachv setts and
Southern Construction Company, which was
building the road. would go int, tho hands Of
a receiver. 1t was also said tnat the railway
company owed Mcdonald, Shea l. Co.. con-
r.,
Tate. who was appointed the receiver. was
partner in that firm. Both OF the companies
have their office at 45 Broadway. this city.
Tho officers Of the Massachusetts, and South.
ern Construction. Company are A. b. Harris,
PRESIDENT: w. q. Mcintyre, Treasurer. and r.
A. johnson. General Manager. Mr.. Harris, 1t was
reported In September 1889. had succeeded In
placing S60Jr.OO0 OF the flrst mortgage bonds
OF the railway company. for which the con.
struction company obtained tho funds to con-
struct tAe road. The construction company.
1t Ia said also issued collateral trust bonds 80
enrad ny bonds of the railway COMPANY.
Barker Brothers Il Co. OF PHILADELPHIA, 1t is
said. were largely interested In tho securities
o. both concerns, and after the failure OF that
as% the %sn Of supplies @ for ta the
DAY hs that Prssden II Harris said wa. ye'tss oat
Information. They had % not heard % Of tic l legal a
proSseedinSs, and i WIS sad that The business
usual he oiieers Of the Churestson Hs s% tinein s
Crank ,.C, Coke fEesidsnt; g. "; BenileY, Vice,
w. Townsend Colbrop, Henry, Chauncey ,Jr..
bankers and brokers at so Broadway, made
A. assRnment yesterday to Eichard W. G.
.s ~ ard.n xn cy sns Mss t HssR e1en
Forest Of New York. the amounts not being
qssi N On Nay last The r repSrsd
since December 1865. Mr.. Yelling said that
he believed that there would be slight sur
plus OF assets The causes of the failure were
the inability Ill OF the customers to come up with
perienced In negotiating loans for ihe Arm on
Ihe collateral offered. The frm had SO con;
without any OutSt An ding contracts on the Ex-
change.
:. Tne Sheriff has closed up the factory of the
Sp sxsepfIors foS siooS5 in favor f' Of the 81.
March; 1885,. with an authorized capital stock
OF SZCo.oV), to manufacture white lead by a.
P9eSS A.. Ihe company was pot il the
Jr rssdent: EdWin Tsfs Moas naa Trsssu9er
and !. y. Compton. Secretary,
cheD 4 Hodgesl, builders. at 2O6 East Fifty
See,,n B%rshe Tho liabilities are said to be
Roberts Gushman 4 Co., dealers in hatters'
ors r. street their red
and $500 900. and that there are enough assets
in tho business to pay all the creditors outside
Of s !s4
Sss5
sspt. G. but was not recorded until Dec. 8. N
The schedules OF +. w. GRllaudet Il Co.,
bankers and brokers at Wall street. show
sil7;25o; pom!nal 5n assets: si;759. .1s9: actual
1urity for loans. $4O4. 1886. The contingent
liabilities are all on endorsements for the New
York and Massachusetts Railway Company
and the Owen Paper Company. The secured
creditors are: Farmers Loan and Trust Com
pany; $5l ,Si5; National Bank of Commerce.
German Germ american n Bank. s2500G: Bank Of New
$4,000; Honeedale National Bank $4,000:
Third Nationa! Bank Of Springfield. Mass.
S25,000: Second National Bank Of New Haven,
$4,000: Daurhin Deposit Bank OF Harris
burg. Pa, $4,000: Russell Sage. $4,000. The
Talue Of Mr.. sage's security was placed at $685.
.Il5 MFApyl5LE. Pa, Dec. "a warrant was is
cashier Of the collapsed bank. on charge Of
receiving deposits after the bank was insol.
vent. State Treasurer Henry X. Boyer arrived
mere his afternoon. and has since heen in con-
eultation with Judge Pearson Church. who will
Act as his counsel in the matter OF the State
1umdS IN tho Delamater bank.
me state takes is chances with the other
not pay over 10 cents on the dollar. 1t is un-
derstood that unless the failure is proven to
have been without crooked work number Of
crMiinal actions will be begun at once.
The depositorS arc bitter. They can give no
Information not already published. but they
intend to have criminal ACTIONS begun II mat
'eIs sts are p not explained R to their
ths Deiamater bank. has entered s2Oo0O0
Co. IN Erie. Of which G. B. Delamater Is
nsmber.