New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-21
LOc4L BUSINESS COMPLICATIONS.

yustice Cohen OF the Supreme Court, has mp
pointed James q Graham. OF Newburg. temporary
receiver ~ The NswPaliz and Waikiki Valley Rail
road COMPANY on the application Of the directors
Tor the voluntary dissolution 81 the corporation
The bond u tho receiver was fixed at 5000. and
the order % show cause SCI down for Deem
her I next Tho following directors Joined I'm the
application. Charles q VI. Thomas. Henry NJ.
Urundage Ferdinand Mci<eigc. Paul Shafer. Hugh
y Douglas . Howard Harmon. George r. Woods.
James r Rod and John Doyle Mr.. Thomas s the
president md Mr. Hrundage secretary. They stated
In the petition q the Cour, that tho company IS
insoiscn'. that there are no prospects ~ an I'm
proyencnt in It's business. that tho stockholders
nre unwilling 90 Increase the capital stock or nd
yance any money FOR TIA hcnoht. that bonds FOR
$1,000, we're issued on May /. 1897 secured ny
mortgage all OF the company property. rights
and franchise. that tho company l. unable 10 pay
tine principal ~ the bonds the interest. and that
creditors have become impatient The road ex-
tends from the tracks OF the West Shore Railroad
40 Highland. y y. 20 Tho vllag" OF New PATTI.
Ulster county Tho company was incorporated on
january is ivG. With "a capital stock 81 $1,000 81
vhl % fnrrrll -. Mck'isr. uf Hrooklyn, holds
fi'"cH. Ferdinand Mchelsc 90 and other mem
t.r4 ~ 10. family s. 80 The total liabilities are
fs 30 81 whcn 1900 are bonds 1850 duo 10 gen
crai creiitora FOR materials ani loans and s." due
cfnpioy's. tn" nominal assets are flbls6. the
principal itcms being real estate. car-equipment
cars y2r". other cars. $50. dynamos. $500. en-
erct s. 30 Among the creditors are Ferdinand
Company. 'i977. Mcswcgan & son. $50 Jackson
& Sharp Company. Wilmington. Del. N.iss. Coal
dale Mining Company. g. iis. Christ'n.r Engineer
ing Company. Milwaukee. sU1. and VI. L. Peck
ham Company. &,oSi
Henry T.. Meyer. llquldaung partner ~ the
arm 81 Meyer q Dickinson. drygoods commission
merchants. OF Philadelphia and Ncw-york. made
nm assignment here yesterday Of the Arms assets
TO Charles ". Sparhawk Of Philadelphia. without
preference Mr. Meyer IL tho resident partner here.
hut tho deed signed In Philadelphia. The
firms store f. at Nos. % and 50 Grecne-st.. this
city. II was closed Yesterday when reporter
called there. They carried large stock here. but
Tie financial headquarters are 10 philadelphia.
Henry /. Meyer managed the business In this city.
Tho other partners Charles II. Meyer and Joseph
l.. Dickinson. I've I'm Philadelphia. The assign
mont IT, attributed To the death OF Charles ~.
Meyer. the senior partner. a week ago. and by the
terms 81 the copnrtnorship Henry l.. Meyer. his
SON. became sole liquidatrg partner. Charles II.
Never OF the best known Germans in
Philndciphl1. he was German Consul FOR twenty
years ard also carried "a banking business there
~ Charles H. Meyer n Co The dryGoods business
WAS established many years ago In Philadelphia,
and n this city about twenty years In Octo-
her last they said thoy were worth fp0.o0' The
Nogars Meyer n Is said. were also Interested IN a
y. j. Friends II the firm here think that the
signm'nt H. solely for the purpose of quidatng the
business. and that all creditors Will be paid In full