New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-28
Before Seaman Mi
No A DrOa f-ct m
LOCAL BUSINESS COMPLICATIONS.

Marcus c. Spencer and Charles II. Lane. COM
posing the firm Of NJ c. Spencer & Co., dealers in
drygoods at Nos. IA and 146 West One-hundred-
and twenty ffth-st.. made an assignment yesterday
to Charles NJ Allen OF Bayonne. y. j.. without
preference They have large and attractive
store which was opened for business october
90 1895. They 10 great expense In fitting up
the store and in making alterations. These, with
horses and wagons. reported to have cost
800. 600. They put in stock OF goods which was
estimated at from $500 900 to $4,000. Brad
streets gave them any capital rating In
the trade II was generally believed that they had
invested TOO much Of their capital in fixtures. and
that they did not have enough working capital for
the business Mr.. Spencer was manager OF a large
GranG-st drygoods store for sixteen years. Mr..
Lane had been for many years with W. q. Hitch
cock E. Co.. and was partner in that Arm ~ sew
eral years prior December. 1892 Joseph ".
Howe their attorney said yesterday that he could
ho' ,e 'n mai they were solvent Claims were
maturing which they were unable 10 meet, and II
trade for some time they have been reported be,
hind In payments a statement Of their financial
s352 900. liabilities SI20OoO and surplus. SOB 600.
The largest Items in the assets were Inerchandise,
SlsG.OOJ machinery and fixtures. Sll5,UOO and
notes and accounts receivable. $4,000.
George T. Hggons. who has drygoods depart
ment store AT Nos 500 and s02 Columbus-ave..
at Ninety-ninth-st.. made an assignment yester-
day to Wilder p. Pray without preference. Mr..
Hggons occupied the store where NJ J. Comedian
formerly carried on business Mr.. HIggons took
the place In April last. Lately payments have been
Glow and some OF the creditors were pressing him
for money. He expected that the holiday trade
would help him out. but II proved disappont
the sale not Go%pS ne up a 10 what no
Hopkins & Co. composed of James b. and Laura
F. Hopkins dealers in pictures and artists ma
terials at No li6 West Forty -second-st., made an
assignment yesterday 20 Edward Willmann. They
started I'm business In November 1891 a, No. 30
West Twenty-fourth-st., and recently removed 10
No l46 West Forty second-st. taking long lease
at 81. 200 to $1,000 year. They generally carried
a stock OF $1,000.
Joseph Green dealer In diamonds and ewelry at
No 42G Sxth-ave. made assignment yesterday
to Jacob Levine. He has been in business there
since August 1895 on small scale. a. l.. Spiro,
the attorney, said that the assignment caused
by poor business.
Deputy Sheriff Radley received an execution yes
terday against Emil Calman. dealer IN gloves at
No. 24b Sixth-avc and No. 2s West Fourteenth
St. for S723 In favor Of Cioidschmidt. Bnchrnch &
Co.. and the Sheriff took the stock IN both
places He had been In business since January.
1897, and had floor space In two drygoods stores
at the above addresses.
Judgment for S44 $50 entered yesterday
against Louis 6ternboTgor. OF No. 6S0 broadway. IN
favor OF Solomon Stein for tho amount duo on a
motto for sos ITO, datsd March TO- 1891 payable July
!, 1891. Nj 6tetnbeTrer fled q petition In bank
ybptcy on December a.