New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-28
local BUSINESS TROUBLES.

William D. Wheelwright and Charles X Hewitt
COMPOSING the firm OF William d. Wheelwright q
CO. lumber merchants, at No. 81 Wail-st' ana a,
brunswick Ca, made assignment mere yes'er-
dav without preference to Henry L. Sprague the
Arm ia prominent one in this line and did an ex-
tensive business, making yellow pine speciai'y'
1yulam D. Wheelwrght has been identified with
the trade for the last thirty years, and has been
interested in firms in this city, BOSTON anu else
where. Mr. Hewitt became partner In 1874 They
formerly had branches at Fernandina- FIa aho al
Cincinnati. but gave them up. the ia''er one d
wear ago. The failure was surprise to the trade.
and was precipatated. 1t is said. by southern pahK
shutting down them at Brunswick, Ga-' where
most OF their lumber comes from. Dull business
and inability to realize Southern real estate and
other securities also ascribed as causes OF the
trouble II is said that the assignment will be
only temporary. friends have already made SUBJ
stantial offers OF assistance and IT IS thought
corporation will be formed at once to continue the
business The liabilities reported to be about
100000 with nominal assets considerably larger
Both partners live in this city.
Christian Adele has been appointed receiver OF
the Consolidated Wall Paper Company. No 6o3
FYfth-ave., on the application Of H. G. Craig q Co.
creditors The factory is at Mamaroneck. ~ \.
The company rents II. but owns the machinery
covered by a chattel mortgage for 5000 which is
being foreclosed for non-payment OF interest The
liabilities are estimated at $4,000 OF which $4,000
IA due TO four creditors as follows: II. G. Craig
Co. Stevens Thompson. Orrs Co.. and the
Waloomack Paper Company, near Hoosck Falls.
n. Y. Ii is said that the company has large
number OF orders hand. which there Will be a
large profit, but cash is needed to complete
them. and II is with view to carrying out these
orders that the creditors requested the appointment
OF Mr. Adele as receiver. The available assets arc
only about 5000 in book accounts The company
was Incorporated in February. 1893 with a capital
stock OF $4,000 and consolidation OF the
business OF a firm in this city and company at
West Newton. Penn.
George II. Rosenstock has been appointed re-
ce yer In supplementary proceedings for Charles
Cooper Clark OF No. 1856 Ffth-aye.. by Judge Pryor
on the application OF the Barclay Fibre Company.
Mr. Clark is president OF the Adirondack Water
Power and Paper Company. of Malone ~ T., and
OF other companies. His shares OF stock In sew
eral companies have been pledged security for
debts. Last week Mr.. Clark won suit against
Bayard Thayer. of Boston. FOR damages TO Mr.
Clarks yacht and injuries TO himself in collision
of Newport. r.. l.. on August T. 1892 Mr: Clark
sued for 81 40 damages. and the jury awarded him
1850 Mr.. Clark, in his examination in supple
mentary proceedings said he had assigned ali his
interest in that suit to various parties for money
loaned 10 him.
deficiency judgment for SO524 filed here
yesterday against Albert Bierstadt. from West
chester County. in favor of Gustavus Edward Kis