New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-11
AN OLD SHIPPING FIRM ASSIGNS.
RESULT OF THE SENIOR PARTNERS DEATH
OTHER BUSINESS TROUBLES.

RESULT OF THE SENIOR PARTNERS DEATH
OTHER BUSINESS TROUBLES
Sutton & Co. shipping merchants at s. South-st.,
this CITY and No 4N Chestnui-st Philadelphia,
made an assignment yesterday without preference.
10 Charles II. Lud!ngton Jr. The assignors are
James r. Sutton OF this city. and Theodore ID suit
.on. of Philadelphia. and are proprietors OF Sutton
& Co.'S Dispatch Line OF San Francisco Packets.
The house is an old one having been established IN
isXs by E B. Sutton the father OF the present part
ners who have been members OF the firm for the
last twenty-five years. f. B. Sutton died in May.
1881. but for some years previous had given very
little personal attention 10 the business, the man
sseueot having been in the hands principally OF
Woodruff Sutton. The latter died suddenly at his
home IN Babylon. Long Island, on June The hrm
has for many years been the leading one IN the
California freghtng business. running clipper ships
from both New-York and Philadelphia direct TO San
Francisco Los Angeles and Portland ore. AT the
Office OF the firm It said that the assignment.
was on account Of the sudden death OF the SENIOR
partner Woodruff Sutton who mad the manage
uen o. the financial par; Of the business The other
partners cannot tell yet how they stand. In busy
tines they ran from thir;y-fve TO forty vessels a
year To the Pacific Coast but now the number has
been reduced eighteen or twenty. the irm having
fet The effects Of the hard times IL was SAID 10 De
Impossible at present 70 give any idea OF the iaoN-
ties or assets the business being so widely extended
The partners have individual interests in number
o. vessels
Robert S,urges was yesterday appointed receiver
OF certain property OF the Hotel Brunswick Com
psny covered by a chattel mortgage made on De-
cernber a. 1894 10 secure issue OF bonds 10 the
amount OF 500 Co., in suit brought 10 forecose TINS
NOR gage by the Farmers Loan and Trust Com
pany The mortgage covers the leases o, the prop
eriy, furniture, stock and other moNaoie Pr0peiy,
william j. Wiley. assignee o. Arson II. r ison ~
6oph Co., book publishers and sellers, OF Nos u
ard % rifth-ave Obtained leave yesterday 70 me
provisional bond Of 5000. 1t was SAID tnat me
Were placed at $l3S0O. the actUa! casH 'a.ue %
which Is $tc Coz but they are subject 90 Ger ~,
clans which would leave the net aVaiia DE ass
applicable TO creditors between Sl5Co ana sl3U,
Forty second made assignment yesterua! ~
Thomas 3. Robertson. giving preference 70 Wasn j.
tngton L. Cooper for 81 400 borrowed money he ~
q son OF the late Abraham J. Post who was In me
cloching business. for many years, When ,ne
father retired from business IN 1885 the son became
q partner IN the nrm OF a. J. Post son, p,2,ntt
being the other partner. They dissolved on Marcn
J. iss4 and franklin II. Post opened IN MS pres..!t
place IN August, 1894 Business oid not prove p'o"'
abe, and expenses were large. -,
Deputy Sheriff Whoriskey YESTERDAY closed tne
Place O! business OF Sondowitz Tuchman mani
3ac:urer OF coaks al No. 2O9 trreene-st. Inc nrm
Confessed Judgment 20 Philip Horowitz for Nos Tot
goods cold and delivered and money leri, ana az
about cover the stock left The partners are S.moA
6ordowtz and Pesach Tuchman.
DeI,Ty-Sher1f LpSky yesterday received an az
tachnnect against Georgia 4. Chapin natter al Nos
Us Sixth-ave and IL As-or Place for Sl2s IN favor
Of Townsend Grace & CO.. OF Baltimore. for hats
sold 10 her The business IS managed ny her hus
band, Luclen A. Chaplin IL Is said that me iiapn-
ties are 1880 and assets IN stock AVp ana e1uy
~ rea. estate s. 90 Tho Sheriff took charge OK the
Astor Place store