New-York tribune., 1895-11-01
s. H. BIXBY s. CO.'S SECOND FAILCRE
THE wEII-KNowN SHOE BLACKING FIRM GOES
INTO THE HANDS OF A RECE1vER-oTIiER

THE WEII-KNOWN SHOE BLACK1N0 FIRM GOES
INTO THE HANDS OF A RECEIvER-OTIER
LOCAL BUSINESS COMPLICATIONS.
S. NJ Bixby & Co., corporation. the well-known
manufacturers OF shoe backing at Nos. lS4 and 1876
Hester-st went into the hands of receiver yester-
day on the application of the directors of the COM
pany. who declared that the concern was insolvent
and unable to meet obligations coming due. Judge
Barrett, of the Supreme Court. appointed Samuel
W. Mibank receiver. under bond OF $1"U
Samuel Nj. Bixby is the president. and he made an
individual assignment yesterday to Richard W. G.
Welling. The business started in 1867 by the
nrm of $ NJ Bixby & CO. 1t failed in December
1871 and compromised in bankruptcy at 70 cents on
the dollar The present company was incorporated
In January. 1873. with capital stock OF sl'oV ar
continued the business For the last ten years the
company has had no capital rating at Bradstreets.
and low credit rating. OF the capltai STOCK OF
100000 $ NJ Bixby owns Sl97 49, 5,499 shares out
of 5000 shares. Bxbys best backing has obtained
worldwide reputation, and II is stated tlat the
goodwill trademarks. patents. etc. cost IN acquls
ton and development $4,000 and are now noinhaiiy
valued at 100000 The liabilities of the company
are sssOS2; nominal assets, S255Ssl actual assets
$sl 743 The assets consist Of merchandise nominal
So COo actual $4,000 accounts receivable nominal
x3s s43 actual S2Ss43) machinery, tools. etc. nom
iIal sSS 22 actual $4,000 office furniture safes ana
trucks (nomina Sll.Ss6 actuai $500, cash >iOo trade
marks. patents. goodwill ETC. nominai SV'VOV
actual not gven)
NJ. Rosenberg q Co.. wholesale dealers in hosiery
notions. ETC. at Nos. $50 and 3s2 Broadway failed
yesterday Goldsmith & Doher;y said the hrIn has
sold the entire stock 10 Mrs Bertha Cohn for Sil,
w. and they represent the purchaser lhey pace
the liabilities "a $1,000 with assets estimated az
SIS 900. A statement oeing prepared ana meet
ing creditors viii be called al once WhtI plOi,o
siiion Tor settlement VIA be made i'.unlehs.ie
d Hirsch got IN the hrst altachmeh' 70 DepatS ptS7
Sheriff Whoriskey for S,Sjt IN favor OF r. Nie.oi
& Achels. The partners are Moses loselDes anu h
Louis ID. Conn. The business was est@pasneu s 10y
Mr. Rosenberg th:rty-hve years ago. lHey VIZ N
for many years at so Il Bowery, ana moved TO
their present location IN Broadway TWO year, ago
They claimed caDta OF >SLvO IN Jahual! ias,
but had a shaded credit ratlns at bfadsreet = ds
they quoted SLOW in payments. both the
Sheriff and Coroner received ~iltS OF Teple'li
against the concern Herman Joseph ha1 one OF
$50 and Blumenste. & HIrsch one OF s3cV.
A meeting OF creditors OF Chambers.
limited. wholesale cealor in boots and shoes at 20.
lse ChuTch-st.. was held yesterday al the once
OF Hastings X Gleason, at 10. 2t5 5roadway. whlcn
vas attended by the prncipa. city creditors ana
q delegation OF New-hngiand creditors John II.
Jacobs. the receiver. had a rough appra ssinen' SCI @
the liabilities being >jl0,OO. suggestion Was
made OF compromise at 40 cents on me do'iaI.
might accept il. but nothing definite resulted a
committee Of creditors was appointed to make an
report basis oi settlement me c0illt,ee n, Ph
sists of Messrs Sadler. OF the United states huD-
Der Pay Of Of yEa Mooe sTa Paekafd g. & D
scott OF Auburn. Me. and Piati' OF Thomas u
Plat Co Of Lynn. Mass -..o,,.., ~ a,-
Deputy Sheriff lpsky YESTERDAY received y, an .s as
tachment against Ham q NewDouer Broiners,
wholesale drygooGs dealer: Of Houston Tex lf1in I
Kneelani d Stewart for 1913 in faV0r OF thf II.
n Cafin Company. for the amount due on noIes
given for merchandise. the firm Is Wen Known IN
This CITY, and creditors here were informed that
the firm has given a trust deed for $4,000 Fe,lx
Half the senior partner. has been in th.s eity
Tor thirty years and the present firm opened In
tSouston in lsN Their inventory in January last
showed business assets. SSO,OeD: liabilities. NnV"
real estate in addition 10 business assets NS''VO'