New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-12
TROUBLES OF BUSINESS MEN
SOME LARGE FAILURES REPORTED YES
TERDAY
VENABLE & HEYMAY. or so. % READE-sT.. AS.
Sign, THEIR LIABILITIES BEING EsTI-
MATED At MORE THAN 100000
OTHER ASSIGNMENTS.

MATED At MORE THAN e3OO,OOO-
OTHER ASSIGNMENTS.
Henry >cbcr. tobacco commission merchant at
No. - and = broad ST.. has suspended. The first
lhinaiion the trade nj, intimate friends received Of
the trouble was "A dispatch from ClarkSyillc. Tenn,
saving that the Franklin Bank Of that city had sus-
pended account of the failure Of Mr. sebert. lie
was very we'll known and popular in the trade, having
been IN business fourteen years. He did large bust
ness handling Western tobacco on coUmssiOn chiefly,
ana has for many years received large consignmcnts
OF tobacco from GAINESVILLE lie claimed a capital Of
100000, and his liabilities were generally, il is said,
on drafts a. advances on tobacco consigned to him,
and he secured by the tobacco he held for such
advances.
MI sicbert said Yesterday that he had concluded not
to make any statement about his affairs. lie said
mat he had simply let draft to protest. but hoped
l" make arrangements 10 60 on. He had not made an
assignment and lie did break the Franklin Bank Of
'arh>'llle In the trade his liabilities estimated
at about T250OOo. II Is said he carried heavy stock
OF tobacco on which he had advanced large amounts
to conNisnor~, and accoun Of tight money and tho
dul tobacco market, he could neither get accom-
molations from tho banks, nor sell his goods 1t
Is thought he has enough asset, to pay in full.
Jacob Iarlow and Ecsthod IiUtshing. composing the
hIin pf larlDw a llutsng, manufacturers of worsted
KIM good, at 40 "a Walcrst. whose place was closed
by the sheriff on Wednesday. made assignment yes
tcrlay To Marcus Bctnner giving preferences for
flo3lG, a, follows: Peoples Bank. $4,000; Johanna
lIut-hing, sl.5l6 Emma Tarlow $1,000 Their LA
bilitio, 81 900.
y >"!Iuel Coz manufacturers OF silk ribbons at
N.dd"toWn. Y. y. have made assignment, giving 4
preference To- Abcgg Dacuilcr a Coz Of New York. for
whatever amount may De due them Blumcnstiel &
lir>ch their attorneys. say the liabilities are about
*'o"oo Mr. Sencr va, formerly president OF the
Sew York silk Ribbon Manufacturing Company and
started tho pic-cut Lusino,- In July l-70.
George ". Ncuallc and Moses i. Iieyman. composing
the firm Of Ncnabc ard Hcyman, wholesale liquor
dealer. ~ N,, - Ia - Read, it.. made assign
mcu' yesterday, giving preferences follows: Il. !.
Dean " Co.. amount not mentioned, X. W.
Townsend $4,000, Philip hamburger Of
r1tt-bm-. $3.50. JOHN H. McGurb, 5000; II. +.
I.-inp. 5000. total. e3I.l7O. The present firm was
formed Mas ]. lei. Mr. Ncnahc had previously
been for macy Year, credit clerk FOR H. X. ~ I. Il.
rAuIhcr Is TO-. and Mr. Hcyman had been Of Frank
a ii"lmau. IaIiru- Noruger va, spcclal partner
for 100000 from March q. La 10 March ,. 1--4.
and Thomas Jinu"y va, special partner for $4,000
from january .. 1--5, o. January .. 1--D. They did
a large bu-inc-,, their s1",. IT Is aid. reaching
:"oooo0 Year. ISd"s carrying a large stock Of
wl-koy-, they View agents for several foreign liquor
lou-c,. Ih,y claimed q capital of S-o0.o0o. and that
their profit, OR the year l--9 81 900. II. X.
Thurlcr And uo firm. IT is sod. had close bu,uc-, r.,
Itpr-. and VI. NcHlh.r i- quoted SAVING that Mr..
rlYrtcr ard Do" firm were carrying some wh.~hcy on
joai account. 81 the office of NcuaJ,' 4 Hey man
yesterday neither partner would >y ANYTHING about
OBJ. o.. -rmr.f. Nr. Dan The assignee. ,ad that
between -.oY.uuo AID -iooooo. The. md large
,--r- l.d D., thought there Ha, only temporary
'.,J .,tor I'll tl. condition of 1,rair,. me firm
haa dIic q uI,' business Lad made large profit during
tl- l,.t gear. atd uer tr.hl" bad come upon them
uoa", market 81" lid tu"Ir -'".h was very pre-