New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-20
4 RIO EXECUTION AGAIXsT Il. ". SMITA
THE AMOUNT Is ss0s! $50 IN FAVOR OF WILLIAM


HEATH 4 CO.'S ASSIGNEE.
Tho Sheriff Yesterday received an execution for 5000
s3S against Henry y. Smith. the well-knowh s'ocN
curator who formerly was one Of the sDecuiauV
OF Wall Street in favor Of Adanson H. McOaIcS7' 20
assignee Of William Heath & Co.. the brokerage hfIn
which failed The jud gment was docketed on July
2 1855 The execution also carries With IL ul'eres'
from July = 1856. amounting to ABOUT so4o'00o'
No instructions were received by the Sherh as 10
what should he done with the execution. Inc Iuus
ment grow out OF the failure OF William len'h w.
who were the brokers Of Henry ~ Smith In 1852. anu
who failed in consequence OF Smiths unfortunate op
eratlons on October g. 1895. Mr.. smith had 'eeh =
hear on the stock market for long time. but prices
Ind rome steadily against him. For about year he
Ind conducted j6iut account with Charles l. WOES
hotter but the account was termpated "" hio"'"'
before the Heath failure. Mr.. WeeiShoier oeCi'nne
LONGER 10 contend against the tide. although MI o''i
ners,st>d in his Views. William Heath was one oi
the most careful prudent brokers In wall etiee' O".
he svmpatb,,cd with Mr.. Smiths beaIish views ana
wa the more ready to lend his capital and reputation
n helm carry the smith account. The END came III
october. and when Heath Co, made their assign
ment Mr. Smith also personally apnonnccd Ms suspc'
sion as O member Of the Stock EAchahEc
schedules filed by Heath Coz on octooer D. -
nlaced the liabilities at sl35s6@0. the nominal assets
AZ So o44 1873 and the actual assets az - 80 .,
Among the debts due the firm was that OK 81,
owed by Mr. smith, the actual value Of "mch M''
nlaoed at s246,45O. The creditors lhcIuueu Jay
Gould whose claim was for S@Ooooo' ahu w.
Morosiri whose claim was for S47S'2eo' ~ w.
fine OF the failure Mr.. Smith frankly aomit'eu '''
II WAS on account Of operations whlch oVsr'sV''ine"
tho rcsoprees of Heath & Co. Since that time Mr..
-,., ,os s.,aou been seen in Wall street, although
II had been reported AZ ui'oe ''-' ~ ~
part Of his losses
Henry Y. Smith has been OF the most famous
NJ Wall streets great spectators aud Tor over
wars he was actively operating IN the Su'oh '''' II" y
He began trading in the early years Oh 'He wall "
I'm 1860 Us frm-Smth Gould. Maruh &" No'-Oc'",e
famous for the operations inspired by jay "oui''
which eliminated In the gold panic OF h"oN ri,''!
Whom LIS firm dissolved Mr.. smith is said 70 iave
oou.a With law Gouh and 70 have threatened 10
r.ducn him to penury, although It is only Just 10
~ +ho+ Mr. Smith always denied this story MT
smith nj one tine was a friend OF Commocore 'ahue'
tdlt but he nearly swamped by 'he C'a'" ~
Western Union stock, in 1873. Nothing dauh'cu y,
his nlstortunes he set TO work 10 get on MS ice'
again and in 1853 he was credited win beihe
member OF the bull pooi started by William h Van
dorbt IN Lake shore which ende0 u'A">tr'N'H'
owing IL was generally believed 70 sales Oy "'''aI
II Vanderbilt while bis son was bullpg The STOCK
Mr. Smith was cured OF bnl temperament ny I"l'
dlsoster and entering upon bear operations WIN
Charley" Wocrishcfer, he once more acquired Il io
tune The bear combination was successful tE"u-"
the depression caused by the failure OF TIE MARINE
Bank and Grant ard Ward in 1884 but the subsequent
recovery that attended the negotiations by winch the
New York Central acquired the West SHIRE found Mr.
smith still fighting the Improvement VITA tie reSl'
Of his failure and that Of his brokers', Heath C1' III
October, 1875.
Mr. smith Joined tir STOCK Exchange IN 1871 ou'
his seat went 10 Addison Cammack who was one Of
his creditors when the collapse came III l77'' JIG
vas noted as horsoman IN the days OF his best pro-
pe,itv and in 1870 he purchased the famous Fashion
Stud Farm, placing 1t In the name 81 us we TIC
purchased Goldsmith Maid when her days on the turi
were ended, aud she died at the farm on September
%, 1898.
\ meeting Of the creditors Of Shcrick & Turk manu-
foctnrpc furricrs, at No. % IAeecker-stp was he'd
a, their Office yesterday. ". Marcy llaizek Their
attorney submitted a proposition that the hrm w0lli
tuin over Their entire assets 10 the ccdDrs prpvd'
the later rave the firm release OF their indebted
ness II vas thought by TINS means the creditors
cnuld get more OF TIC sets than by The ass'gn-
mrnt 4 committee II credit Jrs was appointed. who
made an examination Of the stock and reached The
conclusion that il would pay about - cent? on III"
dol ar About ihreef)urihs OF all the creditors were
present The offer regarded a fair one, and II
was accepted. Tho liabilities are about S11'VOo.