New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-23
YONKERS HAS NOT SUFFERED
THE CITY LOST NOTHING BY THE COFFIN
& STANTON FAILURE.
DENIAL or A RuMoR REGARDING THE FIRMS
CONNECTION WITH THE FLOATING OF GER
TAIN CITY BoNDs-AMPLE SECURITY. 1T
is SAID TO COVER TIE AMOUNT
NOT PAID IN TO THE CITY

NOT PAID IN TO THE CITY
BY THE FIRM
Thomas p Wickes OF No. IS Iiberty-st., VINO -
now the sole receiver OF the defunct firm OF comm
4 Stanton bankers and brokers, Newman Ero
having been relieved OF the recevershp by JUICE
Iacombe on June IA. has taken charge OF '"e o"''
OF the firm and Of the books. Mr. Wickes was yes
terdav out OF town. but at his Office. Charles H.
Sheriff. IT, said that the money turned over "
Mr. wckcs less than $1,000
I'VE have only Just received some OF the DOCKS
and records OF the firm" said Mr. Sheriff.. MI
Wickes intends to take the matter up WIN great
vigor at once and to make thorough examiha-
ton He would be glad hear from any creditors
who have doubt In regard TO the securities they
hold and would be glad to assist them In any way
he can. and to follow out any suggestions tney
might make which would appear to be OF value ~,
Judge iacombe. receiver Of the firm in virtue OF an
appointment by tho State Court while New" nn'
pointment. AS Mr.. Erb was appointed n.sSk M ,hs
Sheriff. said ne secured possession OF most or .ns
properly ri M OF W Me MR. Sheriff. said he could
nothing yet in regard to statement Dy , MI 70 nav nav
anything upon claims which aggregate more '''"
four million dollars -,-,... -, ,,,rsd,v that
il did not appear probable - him that there woui
be any assets for distribution among the genera ,n
wllIo1 Iollar, Of which 10000 have been proved.
MIR Erb says: AS to those creditors VINO nav , no
The only tangible assets said Mr. Erb; not by
rcciy"r comprse a FEW nncol!ected claims. some Of
fee furniture and pictures. some law DOCKS anu
coinpanIes which has no value Tha,svSr Stanton
claims Outstanding In favor or 'oihh * ''''''0"'
possibly $1,000 might be Collected
A REPORT ABOUT YONKERs BONDS.
There was a report yesterday connecting Mayor
John g. Peene of Yonkers with Coffin & stanton.
aid at little year ago the chS
Of Yonkers issued $4,000 OF Warburton-ave. extern
sion bonds for the building OF Warburton-ave AS an
extension OF Rverdae-avs ana 10 epI ,ncsd IN the
hands Of Coffin Il Stanton 10 float. ,
Mr. Peene was one OF the Improvement wem WITH
the floating OF the bonds. The name OF lanes Fscn
Treanor OF Yonkers whs ayo rst nstaiment
OF the purchase money-s5.ooo or SoVo-and gave
hc STr ra OF Of the the sDoan TO- That city drew on
credit from time TO time 10 an extent II - sau VI
ma,nel when the firm collapsed The city OF Yon-
kers now holds. I, Is reported. collatera OF par
cr'iz G'alJ Improvement bonds and $1,000 $1,000
Har,iman Tcnn) light end ~a tSys%
o2or Of ,iccco for the lot but refused IT,
Santa cruz has threatened 70 repudiate me oonds
been formed by Eastern security holders. Of which
4, Il wate: president OF the First National Bank
Af,er careful and thorough investigation in Yonk-
% last gss the f hq aa Sa Of 9e c Sx
was found 10 be false. The rumor probably arose
from Navor Pecnes connection with the Warbur
ion-avs extension. The Warburton Extension Com
mission Is composed Of John 9 Peene the pres
Tre,nor and John Besson The bill creating the
Commission gave the COmmis siOners power 70 ex-
,.rI The avenue ana 70 issue bonds for doing the
work These bonds. known the town OF Green
burr bonds were issued 10 the amount OF s@go
ana placed IN the hands Of Coffin Stanton. the
N.U-York brokers. who noatef them, ana pa,l
$50 go In cash - the Commissioner This smoun,
waui 10 pay for land damages. Coffin & stanton
agreed To- pay 20 the Commissioners 1000 each
month which was 10 60 10 the contractors IA the
work advanced After paying $1,000 the firm failed.
i.,vIng sSic,o due for which. 1t Is said there Is
Ia,