New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-08
IN RECEIVERS HANDS.
THE ARKELL AND THE JUDGE PUBLISH
ING COMPANIES GO INTO VOLUN-
TARY LIQUIDATION

Illustrated Weekly and other pnDnCatlphs' anu
tho Judge Publishing Company. at the same adj
dress have gone into the hands OF receivers. JUS
tice Lawrence of the Supreme Court yesterday APP
pointed Bartlett Arkell temporary receiver or the
Arkell Publishing Company. with bond OF VIC
COO. ard j. Warren Greene temporary receiver OF
the Judge Publishing Company Emanuel Blumen-
stiel, Of Blumenstie & Hirsch. was appointed ref
cree In both cases. and the order TO show cause
why the companies should not be dissolved was
set down for September ~. at his office. No. 80?
broadway. J. S LAmoreaux was the attorney
who made the applications In both cases. the
proceedings being for the voluntary dissolution OF
the corporations The liabilities of the Arkell
Publishing Company are placed at $1,000" OF
which 100000 are mortgage bonds and 10000 on
notes open accounts etc The cash valuation OF
the assets is placed at $4,000.
The application for the receiver was made by tho
following directors William ]. Arkell. Bartieu
Arkell. OF Canajoharie y. Y; Alfred Rindskop''
William j. Merrill. Daniel II. Wing. john ~
schle!cher George II. Davids and John r. Van
Wormer The receivership was precip,ated by
note OF the company for 5000, due on June g. going
to protest. the company had only 1880 cash on
hand TO meet 1t. and could not realize on Its assets.
The next day the directors decided that 1t was the
hos; thing for all interests that the company should
be dissolved and receiver appointed to preserve
the assets
William J. Arkell president OF the COMPANY
stated in HE petition that tho capital stock or inc
company was 81 oO0Vs. and bonds or sJcV" nave
been issued secured by n mortgage on all the com
pany's property. some OF which bonds were SOLO 10
bona nde purchasers and others were pledged 10
creditors as security for notes There are notes
outstanding for Si57.0co. which were discounted Dy
banks and individuals and were mostly piaocu
through brokers' many OF the holders being un-
known. or the notes $lls2i6 fall duo TINS month.
Tho company has endeavored to provide means 10
meet its obligations by selling its paper IN tne
nd through
but has been unable TO sell or discount It's new
paper 10 a sufficient amount to enable IL 10 90 So
and has no assets which 1t can realize quickly
without great sacrifice. The payroll OF employees -
5000 n week, and the company owes the lahdloru
$4,000 for rent The company Is now insoVeh'.
The assets are valuable consisting OF various pub
LEGATIONS all Of which have large sale and pro
duce large profits but II the publication IS stopped
the value would he much impaired. and perhaps al
together lost.
The assets are not footed up in the papers filed IN
court and on most OF them no valuation Is given
They include some lands In Texas. contracts TOT
printing and publishing. franchises. trademarks
copyrights Office furniture. 100 reams paper. en-
graved plates sketches. drawings, cuts insurance
on life Of W. !. ArSell 5000; cash Sl'ep' postage
stamps $500: advertising contracts. notes. Ten sha'c'
OF stock in the Sherman Bank A share OF stock IN
the National Shoe and Leather Bank STOCKS OF
var,ous conpancs pledged for loans. 1909 snares
OF the Joseph Ladue Gold Mining ana pc'e'oP'"e"'
Company. 1000 OF which are pledged 70 'ne "ee''
National Bank as collateral. and 40" sha'e'
pledged 20 Mrs Il. Gillian
or the bonds 81 the Arkell Publishing company
pledged az collateral 10000 are claimed oy 'ile
Judge Publishing Company as belonging to II. SUD
tee, 10 the foregoing pledges. the bonds ha''hs
been lent hy the Judge Publishing company "
tho Arkell Publishing Company for the p"'pore %
being used security by the natter comma,
THO following arc the principal bondholder-; feHH
efa l.. -
verse $40 90. John Jacob Aston 5000: Henry LIND
,,oyrs sons 700; Alfred Dodge. 900 George
west & 90; william J. Arkeil. $3.50 Johh A.
Schleicher. 600 ,. ,.A
Bonds OF tho company have been deposteh wiz"
tho following banks. among others as ooln'-
w., so.,,r,,y. Rank Of The Metropolis. 81 oo'
v,,ional park $1,000: Mercantile National. s5eD;
r,adesmen.s $4,000. Western National. '@''';
richburg tMass) National Bank. fs'p: FiFst IA.
,onal OF Bnlls,on Spa $500. Peauannock bahk 81
nrtdeeport 5000: Washington Savings Bank. wash
,,c,on u G.. $4,000. Produce Exchange Trust Com
,'.,, "a n,o. Knlckerbocker Trust Company. iHeH
Among those who appeer on The IL, oi crTu p,
are Henry Llniemeyer Sons go - q pIge
rrin,i"s LII' e "a r. O. Cocle ,40e25 sacketl
Wil2cims L,hosraph and Printing Company T., rt
a. 20. Frst National Bank OF Coopersto"n. No""
Tir-, National Bank OF Albany. '~"' "efihAhl"
The c9Pi n are u J. Arke 80 coo
per,ele Gillian. s2li 900. Mrs. Frank Inr," N,U'th
Chaunccy " Depcw 5000, and H. waiter NeDo'
''T TIC COMPANY was organized under Ncw,Yorrk
AIKEN Weekly Company and Demores' pnnns Pmh
COMPANY and then bought ont tnc ~, Su utw com
a,v made 10 'Tlradsircct's' January claimed
4sscts OF 40 as yl ont IN Al ,Gooo Lcsos 800
coJ: Demoresis 10000 Kennedy tunn .o,1 o nd
bonds so go The company s rRus 1pstd WSekiy
.zip
hen me pnd William J. Merrill was treasurer
The Judge Publishing Company. Tor whlch j.:
warren Greene was apP2inted r@seiycr. un ornneriv
pud sold out 70 the Arkcll Publishing Company
in January last 4 receivership was necessary as
r. has considerable liabilities outstanding and
yarions assefs The total nominal liabilities arc
sis; 60 Of Which s5sl s9 IS due to the Arkel PUP,
fishing Company and the balance S@S7 on notes
70 Other parties; There are also some conngent
liabilities for indorsements The hsssts c@nsis. OF
noics Of the Arlse PnblIshing comGany $3.50 49,
claim claim ass9o h nsuHance on the fe Of o6n
nody' 5000 and stock Of Kennedy Publishing
Vompan{y, Trust V COMPANY. Sooo franklin
Na f Bank SIS go. and Ballston National Bank
ON, 70 The Arken Publishing Company the con.
oidorat,on was $50 Cco nominay. $1,000 stock and
W Vgg H1"c j Arkcll made The following saemen,
yesterday: THE Board Of Directors or the HrkSn
Judge Publishing Company. or New ork; nave
asCGeg for TO go n5S CANARY
~ Judge Publishing Company sold It's pubnca-
tions 10 the Arkcll Publishing Company which
r,.e orpanZcd at that time. and the latter issued
$4,000 in bonds with which. IN part. to purchase
IL various books and publications issued by the
cnrncrsiions controlled by ". ]. Arkell. Onc-half
Of these bonds set aside for sale. and their
D,,rcbase had been arranged for The sudden and
dorioue disturbance OF business conditions immcd
ato'v following the outbreak Of war interfered
LII ,he contamination OF thcs" arrangements. and
9, ,.oe deemed therefore. advisable to take steps
adnouatev 10 protect the interests Of all the credit
a. ,rro proceedlnCs will In nowse interfere with
he rogi,lar Issue Of the Arkcl publications. and
there ls no doubt thu, existing complications Will
bn snoedllv and satisfactorily adjusted"
OTHER LOCAL BUSINESS COMPLICATIONS.
,,rL 7 Stone and Adophe G. Krouskon. doing