New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-22
F. T. NELLY A BANKRUPT.
PUBLISHER FILES 4 VOLUNTARY PE
TITION- HOLDS TWO CREDITORS
RESPONSIBLE

= Tonnvson Neciv publisher A. No IA Fifth
ave ned voiuntar, petition ~ bankruptcy in tho
Tinted States District court yesterday The liseil-
tiles are placed AZ 1913 a. and the assets are
given a. sri73s q a arrr rerf y rho assets con-
s.sts Of OUTSTANDING accounts and bills payable.
Deputy Sheriff ODonnell received four writs OF
rep.evin against him IN favor OF the following
creditors. wilkinson Brothers & Co. 1853. for
paper. the New-York and Pennsylvania Company
ESQ for paper. the H. 3. ClAain Company. Sl.2o
for novels and the GIN Paper COMPANY $50 MI
Nicely started in business IN Chicago in 1855 and IN
NewYork in 1891. and buii up business. which II
IS expected will be sp-ef'ly roorganzed Mr.. Nicely
yesterday issued the following statement.
rdD hsy' pasy aea oq9y E9n I" o ssns Or
ments which my creditors AMI myself were en-
ness and to insure to each creditor The pay ment o.
his claim In fun short tine arc found thai
would b. unah.e 10 me-, AID my maturing oblga-
tSrmne upon he bet caed 70 nrr.es nel srs
stated fully to them th' d, ri.uon 90 ,ny Affairs
At their suggestion orcroi go transfer 20 a cor
business. Which Yor ,aei,c yea.. save success
fully carried on and al x the principal creditors
Besides transforms ny property. ] offered 70 de-
vote my personal service and alteration 20 the bust
refused 20 enter into fhis arrangement began pro-
M '|l sr W.T." Sn, ~ ~ IN sa
vice OF my counsel and ~ me request Of The arg
a asove nave ''''' '' voluntary '''' 80 ''''a'''
Ny branch Offices n London. chicago ana Phil
adephia Will OK course 30 affected by this pro-
ceeding The action which have iah'n to-day ~
! nave large. profitable ana slowing business.
Bni have been arali, ~ F'i very arse amour,
,oru,"R 20 .irs am <r i5.s Sork wh7ch
obligations matur,d before had an opportunity
70 convert thes, valuable assets into money. OWING
and binders Hai This work been Delivered on time
according TO contracts 'hcre would have been
sufficient money realized from Ties. asses 20 have
mot all obligations as they matare!. as have al
ways been able - DO in re pas -. ....,
II Is my expectation and hope hat some ADJUST
ment NAV be- perfected whereby ne seasons busi-
The d.ti.alty could NOT have presented Itself at
a more urfortuna'o period I'D ne midst OF one OK
the busiest pnhhshing ...sots Oh ree99rd nave nave
Will be ca.ed within f"w DAYS some arrangement
will he made 20 continue ana perpotuaie my very
valuable business.
Or the liabilities 1880 Is due 70 twenty-ons
employees for wages. suns rang.ns from 81 10
$50. There are ~ unsec lrel creditors. 10 whom
s2a9 $50 % is duo. Among them the Syndicate,
Publishing Company. N'.22S. John W. Cox. No. 1891
Centre-st. s2o.jo0. the r ~ Thompson Company. f,
No Il Park Place s's $50. Buchanan. 81 oss:
tho PeppereN card and Paper Company. E..ss. H.
+ T,om6iy No T. hf2aa,s. ST.2 C.s5 ,. SID SID
rnan-sf slogl- There aye forts securei creditors.
10 whom 81 - j. lI, amous them tvirs the North
nv 'sT ras ' Pep5ere Ma.. ana he American iS
hbie Hoass ~ on ao.om9aa iion psprr t taers
il F Trom6y FOR So iio 'sna I. Brehansn. s2oG,s'
Ihe assets are paced 81 ff-t ny at- o.
BEN Zen Frankir fsess .,i S..'wn,re $500: Sooks
manH,9 .,n,e srhie-t - sonpei.on, G $500:
tUls amosn,ine 10 SCI ,N,>l ana there h. s39s52 ~
due oil ouistardn- accounts mostly n small
- w255o All TO- yaiae - ih~ mschnery IS placed
A. a a a