The evening times., 1900-02-24

NEW YORK, Feb. 24-New York city
creditors of George X Sherman. of Sara
toga and Port Henry. y. Y, are just be-
ginning to recover from the shock occas-
ioned by finding that the supposedly
wealthy young man cannot pay them.
They have Joined in a petition in bank
ruptcy which was filed in the United
States Circuit Court. MIR. sherman has an
annual income OF $32, eco and has piled up
debts amounting to about 5000 000. Now
they pray that a trustee may be appoint
ed who win make it his business TO get
the money due them out Of the annual in
come.
Young Mr.. Sherman is the grandson OF
George n. Sherman, who was a millionaire
iron founder of Port Henry, and a member
of the firm of Witherbee, Sherman q Co.
He has beneficial interest in his grand
fathers estate. A quiet hammered young
man he was always considered TO be. He
was attracted to a life of luxury about two
wears ago. He made frequent trips TO New
York where he stopped at the Naldorf-As-
toria- He was known TO the hotel and TO
dealers in diamonds and gold and bric-a-
brac as MIR. Sherman. OF Port Henry
Anything which Mr. Sherman. Of Port
Henry" wished was sent without delay.
He occupied luxurious apartments. He
had the best the hotel afforded, and as for
cigars. there was nothing in the way of
rolls of fragrant tobacco which be did not
have. He had boxes of cigars constantly
on the way from the hotel TO SaratoeS
and Port Henry. The products OF the Port
Henry cigar factories were not to his lik-
ing. Much Of the 81 loo debt to the Wal
dorf- Astoria mentioned in the schedule OF
his liabilities is for cigars.
Mr.. Sherman reached the height of his
expenditures about a year ago, after he
had surprised staid Saratoga by marrying
the daughter of Clark Minis, the keeper of
q small hotel She was not known in the
smart set of Saratoga. On their wedding
trip 10 New York the young couple spent
large sums of money. The silversmiths
and the jewellers gave unlimited credit,
and the idea of Mr.. sherman. of Port
Henry" being in financial straits would
have seemed at that time impossible. The
creditors here decline TO discuss the mat
ter.
II was learned that on December 80
Nash lockwood. Of Saratoga. representing
CameTden d Forster and Van Tassel &
kearney. OF this city. filed a petition ask
ing TO have the young man declared
bankrupt. The matter Is now in the
charge of James J.. Scott as referee. one
hundred and fifty claims have already
been filed.
Among The claims are these. from credi-
tors of this city. Tiffany q Co. SO 600,
Black. Starr q Frost. 3.000: Knox, 1910,
Lord & Taylor. $500: Waldorf Astoria. 81
I00 W. G. Leland. Grand Hotel. Slo9; J.
r. Wessman. j. West Twenty
Street $3.50: Van Tassen q keaney.
s965.l6 Camerden & Forster 1893 50;
Outing Magazine S13O.1S; Blauock Car
rage Company. $621 jeremiah Murphy,
$S3937; }. Dreicer q Son. s.. 600; Bruins
wick Bake Colender Company. S325.
Besides these the following banks are
600: First National Bank Champlain. s..
500: City National Bank Port Henry, SILL
zoe: First National Bank Saratoga. So
coo. There are claims from Montreal.
plattsburg. Burlington. Champlain. Alba
ny, Troy. Saratoga. Gloversville. TicOn-
deToga. Luzerne. Whitehall. Glen Falls,
Boston, Syracuse Crown Point. Port Hen
ry. Mineville, Utica, and Sandy Hill. A
few Of these are secured. but the majority
have no collateral
II is asserted by the creditors that Mr..
Sherman has made various conveyances TO
favored creditors, notably to his father,
who claims $50. .000 which they viii try TO
have set aside Mr.. sherman is repre-
sented by Senator z. T. Bracket Of Sar-
atoga