New-York tribune., 1899-12-23
BROOKLYN NEWS.
CONKLIN & son ASSIGN.
FAILURE OF ONE OF THE BIGGEST
FIRMS IN BROOKLYN
The CREDITORS APPLY FOR A PETITION. DE-
CLARINo THE FIRM AN INVOLUNTARY
BANKRUPT-To KEEP OPEN FOR
CHRISTMAS TRADE.

CHRISTMAS TRADE
A little after 10 o'clock yesterday morning the
thousands Of Christmas shoppers who thronged
Futon-st were surprised TO find closed the doors OF
the well known drygoods and department store OF
John M. Conkln Son. OF No. 436 Fulton-st.. In the
very centre OF the shopping district The following
notice was posted all the doors leading TO the
store:
general assignment Of John NJ Conklin & Son
mas been made TO the undersigned The store VIII
EDWARD F. DRUGAN. Assignee.
Prior to the posting OF the notice there were
about FIVE hundred people in the store. who were
asked TO leave and the doors were closed until
o'clock when they opened again and business
was resumed until nearly midnight. 1t was said at
the store last night that business would be con-
tnued during the HOLIDAYS.
The assignee. Edward +. Drugan who is the
chief bookkeeper Of the firm accompanied by c. L.
harwood. Of Manhattan. the attorney OF the firm.
left the store at 10 o'clock and proceeded 70 the
County Court. where application was made for
leave TO continue the business OF John NJ. Conklin
Son In his petition the assignee said that George
William Couklin a surviving and general partner
Of the firm formerly composed Of the late John NJ
Conklin. George William Conklin and William
Howard special partner. had made general as
signment to him. and that the assignment had been
filed in the office OF the County Clerk The paper
recites that the firm OF John NJ. Conkln d son Is
indebted divers persons and that 1t is unable 10
pay in full. Desiring TO pay of as much OF the
DEBTS possible. q general assignment OF the part
nership property is made for that purpose.
Mr.. Harwood the counsel. asked Judge Hurd' OF
the County Court for permission for the assignee
TO conduct the business during the holidays inc
busiest time OF the year. in order that large part
OF the assets OF the firm could be turned into CASH
The following statement Of the assets OF the nrm Is
given: Stock hand Sl25,0cO actual value OF DooK
accounts (SS5 OoW $4,000 The liabilities OF the hr
It is said, amount to $4,000
Judge Hurd, upon the representations OF the
assignee granted the order for the continuation OF
the business. He fixed the temporary bond Of the
assignee at SIS 600 which furnished at once by
the Fidelity and Deposit Company OF Maryland
and filed in the office Of the County Clerk IL was
after this order was granted by Judge hurd 'ha'
the doors OF Conklin's establishment were opened
Yesterday afternoon the creditors desrous OF
proving their claims against the hrm met anu
fled with the clerk OF the United states DsttEt
Court a petition 10 have George w Conkh' uol.s
husiness as John NJ. COnklin & Son, declared an IN
voluntary bankrupt. The contention OF .he Sleoio
ors was that George w Conklin commltteo , an @ ac1
~ bankrliptcy when he made the general assign,
rnent to Edward +. Drugan Inc hrms Wn0 yyoti yyires
in this petition TitR the Gsan aSlHS CO. Oi & a8 K
stefel & Co.. s462 sS. and Charles T. hycroi' ~
q little later in the day an order to show cause
was served upon George William Conklin. OF the
firm Of John NJ Conkn Son, why ne shouia ,yr Yor
he declared an involuntary bankrupt ana reeeiVe5
snnonted This order IS returnable IN the Ch'eu
states District Court on January s. 5000 ,,,s, /,
The firm of John NJ. Conklin q son openeu p 1os 1ost
ness at its present location in February lasC
John NJ Conkln who died on June 81 lasI W. 'iI S
TeI,rreav a. Rurnham and when that firm was IN
corporated he became stockhoIoer gnu az ar ba
Of the COMPANY In the atre compa4y and organ
ized the firm Of John NJ; Conkhh q Son. o f5eorge
William Conklin, and william Howard as spec'a