The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-06-28
BUSINESS TROUBL ES.
sheriG IN RIaEovern a Thompson BrothrrS'-
JohnsIon Jeweiry Company Quits.

SheFiH IN MnEoVern a. Thompson Brothers'-
Jshnston JeWeirJ Company Quits.
The Sheriff put a keeper Yesterday in the
store'of Magovern & Thompson Brothers. whole
sale dealers in boots and shoes at 126 Duane
street, on executions in favor Of Hudson Hoag-
land for 1871, 1865 and the National Broadway
Bank for S9,747. The latter obtained q judg-
ment against the firm yesterday for $24 $40 on
a demand note dated Juno l. and it was stated
that the firm paid $15. 1O1 on the note later In
the day. The claim of Mr.. HoaRland is on two
demand notes dated April /, 1897. The bust
ness is o very old one. John p. Magovern was
supposed to have $3.50, 900 in the business. The
firm had a trade of about 81, 900, 900 a year and
bought chiefly from New England manufac-
turers. The trade was surprised by the news
Of tho firms troubles. which were generally
attributed to some heavy losses sustained by
the firm. Mr.. Magovern declined TO say any.
thing about the firms affairs. Jacob F. Miller.
his attorney. said that the trouble was due to
dull business and the war. He expected that
the firm would come out all right, but there
might be a reorganization. In the trade the
liabilities are currently reported to be from
5000, 900 to $25O,OOO. William MRgovern and
Edward w. Thompson are John p. Masovern's
The Johnston Jewelry Company. dealer in
diamonds, jewelry, &C., at II Union square,
Kirby. AThe Company was organized on Aug.
-, 1897, by the creditors OF J. IL. Johnston &
Co. corporation, which failed on Jan. z, 1897,
600. The new company was capitalized at
$4,000, based on the equity of assets, of the
old concern. and 1t assumed Obligations OF about
$50. 900 payable in three to twenty-tour months.
The new company had considerable money to
pay on these ooliEations this month and IT. has
had auction sales TO raise money. Smith IL
Bowman. the attorneys, said that the assign
ment was the result OF poor business since the
wind up the business, which was no longer
profitable. The liabilities will not exceed
$50. 600, and they thought that there would be
enough assets to pay ali the liabilities and give
; dividend to the stockholders. Albert V. Huy-
George ". Young. dealer in wall paper at 81
yesterday to Alfred b. Campbell. giving pref
The F. w, 6uttrell Company. dealers in bicy.
cles at $ East 10th street, made an assign
bilities are 81 1000. actual assets 80. 900.
Angelo F. Ghiglione, importer Of macaroni
and other food products at s07 East sixth street;
made an assignment yesterday to Giacomo and
Eleventh ward Bank Of s2.7so. and Marie
mated by the trade at about $4,000.
The Sheriff. received yesterday an execution
s ssSinst Of Ed stIRw! !; ;hHs sf $50 & S RPosd % WaR' for
$29.7 9l In favor OF the Ninth National Bank on
three notes of the firm dated March %, which
tho bank discounted on the strength of q state.
ment that the firm had assets of 1887, s44, and
liabilities Of 81 JOB;
deputy SDerlu ftaul0y receiver IOur executions
yesterday against Henry F: Lohmann, dealer
in wines and liquors at 392 East Fourth street.
They are in favor of H.. d. H. Remers of Brook
lyn, S2.477 for merchandise; Alfred Lohma"n.
Sc. OH: Charles II. Lohmann, $5.0l7; Louisa
Ringen. $5,ol7, and Maria Mueller. $5,017. for
balance due on purchase of their interest in real
estate at 20 Prince street. The liabilities are
$50 900.
Judgment for S9s.97s was entered yesterday
against Michael Dufry as administrator q
Michael Duffy, Jr.. In favor of b. r. Odell and
Edward II. Hobbs as receivers of the Murray
Ii1 n1nk ~ n hnn1 for Q2E nnn nf Mfnhaa
Duffy, Jr.. dated Aug. ., 1898, payable on Aug,
2. 1896. -