New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-05
TRUESDELL, SPRETER & co. ASSIGN.
ARRANGEMENTS HAD BEEN MADE FOR plSSo-
LUTON WHEN FAILURE WAS FORCED
Upon THEM.

UPON
Truesdell Spreter & Co., retail drygoods dealers
at Nos. 2s7 to 295 Eighth-ave and Soi ana SV VEST
nty-fourth-st., made an assignment yesterua!
70 their attorney William J. Underwood They
gave preferences TO the following creditors lot
money due on open accounts. notes ana TOT mole!
deposited the amounts not being mentloheu' Inc
H. b. Clafin Company. Tefft. Weller Co. VI
Heimerdnger. Sheppard Knapp Co. Mauuo W.
Spreter Charles Simon's Sons and f. A. Iaiiree
The mariners are John II. Truesdell, Anton j. Spre-
ter George d. Ryder and Oliver ID. Myer Inc
last lives at Cleveland Ohio. He was here on Ihurs-
day. but returned home that evening, ana MS name
was signed to the deed by Mr.. Underwood as MS
attorney Circumstances occurred Thursday night
which, II is said caused the assignment, AFTER an
ARRANGEMENT had been agreed upon during the day
for the dissolution of the firm and the continuance
Of the business by Mr.. TruesdeL a meeting OF
all the partners and representatives OF some Vi e
largest creditors It Is said. was held on ihusua
afternoon. when 1t decided that the iirm shou'u
be dissolved all the partners would retire except
Mr. Truesdell, who would continue the business
would pay off the debts and the surplus was 10 DE
returned to the partners. Those present went away
with that understanding, the papers 10 DE s'sneu
the next day Three of the attorneys representing
the firms interests and one OF the largest cieur
tors said to reporters that everything hau oee"
amicably arranged for the business to conIin s,
S j. Goldsmith, representing the II. b. Claim
Company, said yesterday that he had no NOR Ea
Nv
assignment and Informed OF me ,aC orn Gn
when ne arrived at his office Yesterday moi i, n
He found Mr. Spreter there. who said ,nst h ~
were threatened with proceedings on pena I , %
small creditors and 1t therefore decatu onc se
Thursday night make an assignment ~ J,or
as II was the desire to have frlenuiy 'eSet IL
Mr. Spreter reiterated the statement that tne "a
hilities are S5l 900 and nominal assets sIlovW tah
ing the value of the stock at cost a Nheclihs ~,
creditors will be called early next Week Inc III II.
paid their bills, 1t is said. right up to the present
time. ,-- T.. ro,r,aepth-
MIR Truesdell started the business IN roureeen,n t
st in 1855 Messrs Myer and Ryder became pai :,
ners in September 1884, the former aPss1
is said $4,000 capital and the latter sNtUu ", ~
Spreier of Clinton. Iowa. became GARNER n CAM 0
Nav / 1892 contributing. 1t was said s2o,Vp cap,,
tai The firm moved to the present GuaT Esr,cb T
Eighth-ave about four years ago taxing hhIic ~
Old store Business has been dull 1t is sa'' ios
the last two years. and the margin OF Pron, "as
small. The holiday trade also did not prove Us
Wr Snreter on Wednesday filed an undertaking
for an Injunction restraining Messrs Truesdeii ana
RYDER two of his partners. from disposine OF, seii
inc or in any way interfering with any OF the assets
Of the firm The firm stated to their creditors yes
terday that the entire trouble arose from a Tunor
circulated at the meeting of creditors OF Hehry
Reinhard on Monday that they were In diiiicuIues
which they say was untrue at the time ana whlcn
caused creditors to ask for their money. Biuinen-
stie & Hirsch received claims from seVeral creui-
yesterday.