The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-02-08

o.. 80 tNs Largest sp.e-,st,vs Huussvr -
~. Ci,y-Oshsr Rss,.ess Troussss.

| o. 81 tss I..rr-ss Fpss.sstfvs Huuasrs -
ere CIty-Other Bss,sess Trousiss.
Dore Lyon. thebuIder. whose once is st2e4
Columbus avenue. made an assignment yes
terday 20 George ". Carr. LAWYER. OF ~ Wal
street former Presldent OF the Manhattan
Athletic Club this being the elimination OF
| the financial distress MIR. Lyon has been In for
the past eight months He gave preferences
sRRregatinR s29153; to Grace L. T. schmitt
1000. Seventh National Bank $4,000, Brad
ley 4 Hubbard for the amount OF their con-
| tract on Thirty first street houses, and to the
holders Of TWENTY-FIVE notes
Mr.. Carr made the following statement
The causes Of Mr. Lyons financial embar-
rassment have been the tieht money market
and his Ill health for the past eight months.
| The panic Of last summer caught him with
eighteen tenement houses In process OF con-
struction aud in July he became so Ill that he
has not been able to attend to business much
| since The assignment was precipitated by
| the failure Of A. X Steers. lumber merchant.
one OF his largest creditors. and the filing OF
| mechanics lien by Mr.. Steers's assignee. thus
making further extensions or arrangements
impossible. Mr.. Lyon has built several hum
dred houses. private and tenement, on the west
eide. and has done much to develop Harlem
Mr.. Carr said that the assets, consisting. Of
arc nn.ec&redI,, ,Mr. Carr .eS9id not say how
cured creditors will receive 100 cents" he
said. will depend upOn their Willingness to
give an extension. or to unite and protect the
properties until they can be disposed Of at
something like their real value.
Several deeds OF property and mortgages by
Mr. Carr saio they had really been made two
Mr.: Lyon was one Of. the largest speculative
builders In the city Many years ago he Was
in the West Indian shipping business with his
father In 1870 he became hroksl, went
ca s., snd the II l setre be-
was formerly his wife. but they separated
years ago. and he remarked. His business
been indebted as high as So 600. 900. IL is said.
70 lie Insurance., company FOR building
Which he sad sFo hs %.. Heop
is said. paid about $50O.UOO Of his paper ey-
cry year In February. 1898. MIR. Lyon made
worth OF ;, ,05 600. chiefly IN real estate eaui.
ties. His list OF holdings included thirty.nve
M last yss5
Ninth and Tenth avenues. and ten flats in
1uOth street, east Of Amsterdam avenue.
place Of business at 40 broadway OF the san.
born & Rose Manufacturing Company. wom-
ss5',s:o wrappers. on 1.-Two two attschments. one for
other for $1,000 in favor OF Emma Rose Both
were granted on the ground that 1t is q New
Deputy sherifr Mulvaney sold out tho office
furniture OF the American Traveller and Tour
ist Company at $40 broadway. realizing 500.
Tho Mechanics and Traders Bank entered
judgment for $500 against Simon Dessau. the
carbon King" Of 4John street, on the paper
also filed against the building at 75l Broad
ETssmus b. GsrSssy for sii.17t Tor '" mason
vor OF Thomas Muidoon for 81 .tG5 Tor t" plumb
ing, The assignee Is having an inventory
made OF the assets and liabilities.