New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-26
1ocAL BUSINESS COMPLICATIONS.
THE SALE OF THE RICHARDS COMPANY Sio' n
ec1tEpr-IEs or JOHN McLAVE

THE SALE OF THE RICHARDS coMPANf 'i00
scttEpt-r.F,s or JOHN McLAVE
... cLorie williams Yesterday gave up the
-, 80 goods az IN. Richards Company women ,
o,,,e,,ers ~ No IS West Twenty-thlrd ST. VIII. p"
,.as levied upon under severai a''a0"i"o =
,,tarles & Block the receiver. ufluer d" o'U
r,s,ica NacIean OF the Supreme court. si"",,
yesterday so that the property can nc soi" ~ "
i,.o- a. retail IN the usual course OF business
- .At. ny tho stock will realize a much larger
s,,r, ,ba, II sold AT SheriN's sale. An agreement
was made bv attaching creditors whose Chains %
grerate IS go for this course 70 De p"rs"eu ~
do not release any OF their rights under the
ments and the proceeds OF the sal' ~ 'o"". -
.,.r,ert OF their claims when judgments are oo-
.,a an tho attachments Any OF the attaching
orodi,ors can upon Eve days notice, apply 10 'ne
Court for an order directing the receiver 10 P"'
over n the Sheriff the proceeds OF the SAFE II was
s.id that the assets In all probability "ouu pay d
considerable dividend to the unsecured cIeu''o's
cola ~ rotai BIZ the receiver. az he VIII no" se.
the benefit Of the fall and winter TRACE anu WI"
have complete charge Of the matter.
Schedules OF ex- Police Commissioner John NC
Clavo's lumber business al Eleventh-aVe' an"
-rvyenty seconds: were filed yesterday IheS s"o"
Liabilities gas 72s nominal assets sl-'soo' a
,ual assets other than those the value OF "hlch l.
,,rL,ou,n ga 707 The assets consist a. cash vol
cood accounts. nominal &,eS7. actual sSlS' doubt
ful accounts. slOsO7. actual unknown D"" az
counts S7s5s5 actual unknown; lumber. nominal
mai x27I actual ss5ss; miscellaneous nominal
& M actual $3.50 Besides these assets ne mas
brudinrs and machinery on leased ground on EleV-
enth-ave from Twenty -frst-st. TO Twenty-second-
81 which cost him d large amount. bur ~hose
,.aiua j. now small and II would be linposslpr 10
nIace AN actual valuation on the property. ~ i
r~rtraged for sl5ls3, and there are taxes ana as,
sessrnerts due to the amount OF flOs3. or the Dal
accounts SIT 1863 from the bicycle pusintSs Vi
Iohn NrClave K Sons. and OF the doubtful ac-
counts some may be collected. but II Is useless 10
,r, 10 name the amount. The largest creditors arr
he Garfield National Bank. 500; j H. Mohtea'h
- 90 g. so. Hannah McClave $3.50. secured: Al
bert Mc( lave t5.5l3. secured -,
W x lie cato was yesterday appointed receiver
OF Leroy W. Falrchild * co. "a corporatoil, man
ufacfurers o. gold pens at No. 29 Fourth-aXe.' py
Instice Russell OF the Supreme Court on the ah-
nllcation OF the officers Leroy c. ana Harry I.
Eairchild II was said that the Liabilities were
sI ia and the ssets 9s. on accounts scattered
All over the United States and goods on nenorai-
dum The Sheriff recently sold out all the stock
and machinery for ss.6lJ. on an execution Tor w.
Ia which figures are not included In the foregoing
liabilities or assets The business was established
IN 1913 ,, 800
Deputy Sheriff Williams yesterday received an
execution for 81 751 against Aaron H. RathDohe;
Inlet b Earl lie allowed judgment to be taket
against him for s23 20. with Interest from Septetn-
Ler Il lS75 amounting TO $50 ssI. The claim IL for
he value OF twenty-siX Chicago and Northwestern
railroad Company's bonds deposited with him IN
IS75 and held by him in trust for the plainun. as
indemnity against his liability on two real estate
honds and NOR cages OF $4,000. which railroad
bonds she asserts he disposed Of. keeping the pro-
ceeds He has been insurance broker for forty
vaar re and an organizer Of several BOyds.