New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-19
TINWARE TRUST ASSIGNS.
FAILURE OF THE CENTRAL STAMPING COM
PANY. WITH LIABILITIES OF 10000
Prince and Broadway.
Warren and Broadway.
Thirty second and Broadwa'

FAILURE OF THE CENTRAL STAMPING COM
PANY. WITH LIABILITIES OF 10000
The Central Stamping Company manufacturer
of ;inware and sheet metal articles whose office
is at No % Cn-st. and factories at Hewes and
South Second SITS. Brooklyn and No. 573 Ferry
Newark. y. j.. made an assignment yesterday TO
Alfred X. Turner. jr.. Of Paterson. y. j. The deed
signed by John H. Sprague. president and
George ". ketcham. secretary Enoch w. Ketch-
am VAS the treasurer and Walter VI. Aikman vice
president
The company was originally organized In Deem
bcr 1854. with capital stock OF s,fooo II absorbed
five OF the largest In the tnware trade IN
the country. and was known as the Tinware Trust.
The concerns absorbed were I.aance q Grosjean
and Frederick IIaberman & Co, Of this city, t..
Kctcham Co. Of Brooklyn; James Altman 81
CO.. Of Newark. y. j.. and the ST Louis Stamping
Company OF ST Louis. No When the consolida-
ton took place the factories and equipments OF the
five firms leased 20 the company for ten years
at "A rental OF $500 n year each. During the ten
years the company did a large and prosperous
business. and appeared 10 have made large sur
plus At the expiration OF the ton years there was
a disruption OF the relations between those In the
company and Lalance e. Grosjean and the 81.
Louis Stamping Company withdrew. They were
followed 10y Frederick Haberman d Co The stock
of the retiring members was purchased 10y the
other stockholders The old company soon In
attacked by some Of the dissatisfied stockholders,
and the company vas finally reorganized and re-
Incorporated on June l. ls-. with capital stock
Of $4,000.
In August. 1875. the company met with a serious
setback los the destruction by Are Of the Newark
factory The company afterward obliged 70
have part of It's goods manufactured 10y outside
firms The factory Mas rebuilt and made one OF
the hes, 81 IT, kind IN the country. This required
the outlay OF a large amount u money. and the
company had 10 take advantage ~ the good natur"
Of "a few creditors By tho withdrawal 81 three
OF the concerns the company no longer h'd mo-
uopoiy ~ 20. ilnware business II lad 10 meet the
strongest Kind 0f competition md lover rates. ana
could not dictate prices
AIiaft n gleason - Hastings GLEASON. a.
'oruegs flr the a-sgue'~ shid yesterday iiai ~
,ssrrfr.uf was uurN rrcfcd. and mad been decided
an, suddenly The ,alge iur.@fm'ui iu 90" rusi-
r.4. and plants 81 fh" company ma c'pIN'" u
- ready money. and u couiI no' H., , V,
legations witch were about maturing. 'omp,ti'oh
So hon very sharp a. tho last f.n years There
we're also Interests - different estates 10 the COM
many and after careful confederation. IN" hres
.,,ck hoid.rs and creditors that the company SholH
eo INFO linuidafIou Mr. Gleason SAID tnat me
se.feum.ni WIS practically hqudaiph a.ln"utn p
4, ,'.r ,h. form ~ tn assignment 10 prevent any
other The company PAPER WIS maturing "' ''
~. notes we're coming On" NOW. m@ciing ~
...tt,.r. ~ fh.. company viii Do" held on ihrrl'N
.,, 30. sseigue. VIII sct ns The creditors
IN, h..-, a. % the fufur" rondu-t or we nu~I
90. -ri. liaiuifi.e Hrc h"t~"' 900. ma 49,.
49, oue.fhlfl fpr merchandise. ON" iutd t"i Dan"
t,.ro,trf. and ore-fhird f1r loans 20 me '"ilNtf
,,i..f as-.f. ARE So 90" Zoo fna'u luriF.
-, ,r,f.rlsl. uerchu' disc AND accounts %"
company OWNS mo- f'ai estate