New-York tribune., 1900-11-16

An examination Of the liabilities of w. l.. Strong
drawn by c. H; & F. H. stott and indorsed by
seem M 10 15soHs Be 9tes @ Of 0 strong Co. except
We are credibIy informed that there has been no
.appng Of paper and mat @ there are no % Hofes Is
There is no mystery or complications in the book
keeping Of the firm Of " L Strong & Co.
JOHN cLAFLIN
WHY THE STATEMENT WAS MADE.
Mr.. Bliss said that the statement was in
tended to put a stop to reports that w. L.
Strong & Co. had failed for S60oO000. and that
there had been practice of exchanging paper
between Mr.. Strong and the Stott Woolen Mills.
There has been reason for such talk" Mr..
Bliss added, "and Mr.. Cla1in and have signed
the statement the notes indorsed by MIR
Strong in order that It may be understood just
what the liabilities amount The case is
simple enough Mr.. Strong and Mr.. Stott died
about the same time, and nobody left to
take up the notes which were issued by Mr..
stott and indorsed by Mr.. Strong. The notes
will have to be paid out of the firms accounts
with the mills OF course the firm could be
thrown into bankruptcy If the creditors became
impatient"
''Will you state what the assets Of the firm
amount to?" was asked
'1 will make no further statement whatever
at present." was Mr. Bliss reply.
Mr.. Treat said that the statement signed by
Mr.. Bliss and Mr.. C1afn all the informa-
ton he could give to the public yesterday.
Are the liabilities mentioned in the state
ment the total liabilities of the frn?" was asked
"All that amount to anything, I believe" was
his reply.
Will you make any statement as to the firms
accounts with the mills the firms assets?'
Not to-day. A full statement of the firms
affairs will be made soon as possible, but 1t
will take several days to go over the books"
Who holds the notes issued by Mr.. stott and
Endorsed by Mr.. Strong?"
That cannot be stated now"
VINO is the holder Of the note for 100000
due to-day?"
Not word on that subject at present"
Mr.. Van Brunt, Of counsel for the receiver
= declared that several days must elapse before
any further information could be given about
the affairs Of tie firm. He said that informa-
ton as to the holders OF the notes indorsed by
the firm must be withheld.
Inquiries at banks and at the Offices of note
brokers in the city yesterday failed to elicit in
formation the holders of the notes. amount
ing to over s., 100000. Several bankers and note
brokers said that IL the notes were held by
banks there was no occasion for fear that any
one of the banks would be crippled, even tempo
rarily by the present inability of the firm OF
w L. Strong & Co. to meet its obligations
Some Of the note brokers said they believed
that the notes were held mostly by capitalists
who could afford to wait for their money until
the receiver had wound up the affairs of the
firm
No business was being transacted at the store
OF W. L. Strong & Co. yesterday. Expert
countants were at work on the books. Mem
bers OF the frLa who were in the store said all
Information about the firms affairs must
through the receiver. They called upon
in the Of the day by members Of other
drygoods firms, who expressed sympathy and
the hope that the firm could resume business
again.
TEMPORARY INJUNCTION GRANTED.
Judge Lacombe, in the United States Circuit
Court in this CITY, yesterday granted a tenn
porary injunction against the executors Of w. L.
strongs estate. OF the application of Eliza T.
Griswold. Of Philadelphia Mrs. Griswold was
one of the three persons Of that who be-
gan suits in Philadelphia for attachments upon
the property of W. L. Strong & Co in that city,
alleging claims amounting to 1924, ,160, but
withdrew the suits. Her individual claim in the
suit. begun and withdrawn in Philadelphia. was
for $162. 100.
The suit of Mrs Griswold, in which the ap-
pncation for an injunction granted by Judge
Lacombe yesterday, is TO recover certain securi-
ties which Mrs Griswold alleges belong to her
She says she gave the money to w. L. Strong to
invest for her. She alleges that prior to No
vernber = he received from her certain sums Of
money for the sole purpose of investing them for
her benefit. He had advised her from time to
time that such investments had beeen made in
good mortgages, stocks and bonds. and other
securities. The investments were mortgages of
Boardman Burchard, $4,000; Helen H. Webb.
$1,000 K J. Eliza Gufoyle, $1,000, and Homer
Lee, $4,000, and the following shares of stock:
Twenty Merchants Trust Company; twelve
Erie Gas Company; fifty-four and half. Cen
tral National Bank; 150 New-York Security and
Trust Company: five, Chemical National Bank,
and 100. Third National Bank. The total value
OF the securities is not mentioned in the COM
plant, AS asserted in the application of Mrs
Griswold, Mr.. Strong had paid to her from time
TO time money, which he had said the in
come. a part Of the income, from such in
Testnents She had been advised. she alleges
That the executors had taken into custody the
stocks. bonds and mortgages mentioned and that
certain of the stocks and mortgages had been
taken by Mr.. Strong in his own name and were
IN his name at the time of his death She claims
them as her property, alleging that on Novem-
Der II she demanded them from the executors
put that they had refused deliver them
tney had not qualified executors. She had
therefore brought the suit to recover them.
Judge Lacombe granted Injunction re-
he from ling I'M