New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-01
NAYDEFAULT IN INTEREST
,,,popT.Sr MEETING OF DIRECTORS OF
BROOKLYN WHARF AND WARE
uoTrsF COMPANY.

4hs 81 10000 bonds OF
- ,,--o,-,,-, wharf and Warehouse NoiNp.' :
a.. ,osav and a meeting OK 'iie s,ao ,rhathe-
.,-.,v VII be held AT aooh - - ob,,-. ton
- ~. default shah be na"e % ,r 90 b,sl
-hs oeuroas are payable al Iu 80 snnarently.
LESS ~ a. IA ,t.ol default for al least q ie"
tAefe wa y - he company were quoted YES
nours' LII oSs,v me belief that the BOARD
- asfa,lt tie interest an" - -A1 s,rao+s
- -, in wall Street yt''e'" ., - -
era4 opi-'1O = understood 10 nave gwen as
tors, however az case the bondholders would
suraHcsS - - The officers Of the company are
be ful!y pIO'1 -, nresidsnt, Thomas A Mei-
GuTion D. i.-.s,sent. William A Nash second
'sfS' --,sar,. samuel Taylor u. $500 g.
-, y Nash. treasurer. - v-V1,a-
warren p Tbouas A Mcintyre, Nliilan a
O. T. HSTlDH' = Beard. william Coveriey, F. J.
Nash, a oakna7. Frederic T. oieott'
AAoaieD -.~sssls G. H saHthard Samuei 1ayior'
n - rsrnoson and George w Young
q, Sa-Il - &c.. On which interest is due to-day
u,s,srs ~ 81 10000 first mortgage Per cent ~
e0iisia ,s sorss There are also two issues OF
a., cent cumulative preterreu s'o0A, 49, oo -
- ond & 10000 IN Class B, and S0'Wo'V0 OF
~i1ss : s+ock The net surplus OF the company
q go n 1879 was SETS. and no dividend was
- =, .he prsferred stock n March OF that year
- brooklyn Wharf aud Warehouse company
- o-raiized IN January 1895, principaHy throush
n Thomas A lhEAots -5s - -N-~A'ieS -
--a,T ,-ho was its president until recently. and
- - 7-ominent IL the organization OF the
-. r-,,ohange Trust Company and the United
- zz7o,r Milling Company. and until a few
-, - mas 2 director OF the Corn Exchange
- ~. ,onnnauv controls all the storage ware
ba--A- sioTg me Brooklyn waterfront OF the East
y1l e-oTa catherine Ferry 70 Erie BASIN as
.,ea ~ two and thTee-qu2rtsf niles. hAVI1s aD-
$50 rR-enry-eight tnoepe1o=AI VIII enouse -
so-De1 s~ouired under lease three others
esFs -. stores Boards Erie Basin stores
- - F-arkliu Stores. Al the llnle o. the con-
1nc - - aggregate estimated yearly earnings
s9llA~S., renies were s. $50 9o0 and il was inquired
OF re additional profit might be realized
ll a. cs~4ain economies The present apparent
800 ssu1ent Of the corporation IS ATTRIBUTED
=. E,,eirees men downtown 10 It's aHegeo PoAcy
z ...a.+s1g undue profit from shippers and Gus
otS1nss one instance being the large charge tor
ts-Ltsrsgs made by the International EleVallhs
- which is affiliated with the Wharf and
(oruDanv. Other contributing causes
s--ssS rave been the prevalence or the railroad
sSs--rTisi system which had tendency TO divert
-,-t rs-F5c from NeW-HOTk 10 Philadelphia, Bal
-5,,,o-s Eenpsrr News and other ports and the
stlser1sTs ceased 10 ply between NeW-Ycrk and the
ro~-~ Of Central and South America, as Wen as the
yssr indies The present war between Great Britain
80 ~ south African republics has also been
severely felt by the company .
n IS reported that plan OF reorganization Is
L-ine Srsfted BY Messrs. Young and Olcott. two
~ he directors Of the Brooklyn Wharf and ware
s.4sa CounDany who are the presidents respective
h a the United States Mortgage and trust COM
-arv al The Office Of which the interest coupons
4 he time OF the organization of the Wharf and
Warehouse Company its bonds sold as hlgh as to5;
ne ssles yesterday the Stovk Exchange were
az al n 100 al 701z and 3 900 at 70A.