New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-10
TROUBLES OF BUSINESS MEN.
wELLKNowN UMBRELLA MAKERS BECOME
INSOLYENT.


INsoLvENT.
Amasa LYON & Co., a corporation manufacturing
umbrellas at No ga Broadway, has become nsoivent
and unable TO meet maturing obligations, and Judge
McAdam of the superior Court, has appointed Andrew
j. Nuttng, of Brooklyn temporary receiver on The
application OF the trustees who declare that the bust
has been Improbable since the organization OF the
company, and that future prospects do not Justify
Hope OF expectation OF any profits from the business.
The liabilities are $780, 30 nominal assets SAP 900
in stock and accounts which, forced upon the market
at the present time, the trustees Think would not
realize than $4,000, but IL properly managed
by receiver they believe there enough assets 10
pay of all obligations and leave small surplus There
about 100 creditors the largest being the Garfield
National Bank $4,000; East River National Bank,
$4,000; HOenng & Curtis, S10,Sll; F. Victor q
Achels, So OF; A. Fontana, $500; f. J. Dennlng
Co., $500; William +. Read, S2,453 Thomas Bresin,
81, 00O Cheney Brothers, 81 $50; J. Briggs Il Son,
81, 522 a. " WOlSOn, 81 500; Manuel Knauth, sl,196;
Henry Howell d Co., London, 81 ,190 CellulOid Com.
psny 81 ,006.
There open accounts due from $50 dealers
throughout the United States. There only eight
stockholders. The company incorporated De-
cember %, 1886, with capital stock Of 100000, and
succeeding to the business which Mr.. Lyon started
ten years previously. Mr. Lyon was the president
and Thomas Breslin treasurer. Mr. Lyon made an
individual assignment early in 1888 on account Of
the failure of W. H. De Forest, the formers liabilities
being S432, 900; actual assets, $1,000.
William S. Leaman, Howard ID. Kerr and Edgar
Newkirk composing the firm Of H. ID. Kerr Il Co..
produce commission merchants at No 2G6 Washing
ion-st, made an assignment yesterday without
preference to Arthur Lent The three partners live
in jersey City. The present firm on January last
succeeded Leaman & Kirk. who started the business
January l. 1850. The new firm claimed working
capital of $4,000. Mr. Newkirk has for several
years been engaged in orange culture at Ocala, Fla
The Sheriff has taken charge of the factory OF
IIirsch d Martin, cap manufacturers no No. lOo
Greenest., on an execution for a., 400 in favor OF
Valerie Louise Martin. The firm consists Of MIS-.
Resale Hirsch and Charles f. Martin. The latter
was formerly in the Wholesale egg business and be-
came partner with Mrs. Hirsch in June last claim
ing to have put $1,000 cash capital in the business
Attachments have been issued In this city against
the Union Waterproof shoe Company Of New-liayen
for S1,445 in favor Of the GoodyearS INDIA kuooer
Glove Manufacturing Company; against Henlamin D.
Wadleigh wOollen manufacturer, of Lake NllAge,
" H.. for 5000 in favor Of Ava :. MORRISON ana
against Francis F. Emery wholesale d'aier III SHOES
al Boston, for $3.50 in favor Of A. stnIgiS. 49,.
Judgment for 81, 100 yesterday entered against
Ezra w. Chaplin satinet manufacturer, OF NOrthOor,
Mass in favor of Eugene A. MheelOck
Creditors of JerkOwsh & Schn, wholesale dealers
In clothing at No. 740 Broadway, have repleVlnel
about 5000 worth Of goods which, II IS said, takes
nearly ali the stock. Four judgments, asgiegatins
80, AS. yesterday entered aghnst the TFIh a.
follows: Robertson IL Kaufman, S2Io6, D. DesSdu'
81 .862 Hnk d Ould, al ,402; +. ID. Allen. @lOo. 80
John Hover has been appointed receiver tgr Eu'
ST., on the application of Oscar stern, Iudsmeh'
creditor