New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-03-12
no NOT WANT NAMESAKE
vFRM1LYE & CO WILL FIGHT ESTABLISH
uFNT OF a FIRM UNDER ITS STYLE.

The vel known banking house of verrailye &
r, IN Nassau-st has interesting bur rather
.,roving problem on its hands. in the shape Of
s,o+her Termilye Co. with Offices 81 No .
T-eadvay \ week CT two ago the firm Of Yer
-flve Adams co. started in business on the sec
ard 45or Of 80. g Broadway, one partner being Z
~ O E Eermiye and another Royal ". Adams,
:. ,-,-vrark Conn, who has been a member Of the
C,-soidatsd Exchange since July. 1888 Dr. Yer
ira il is said. was the customer Of /. H Bailey
E "a OF whose complaint Luther H Bailey was
,ered from membership in the Consolidated Fx-
eL.,re last July for obvious fraud" Nothing
- alleged against either DR. Verrnye or Mr.
.ssre personally upon the formation Of the firm of
1-.,,ilve Adams & Co, but il soon developed that
,,ro or three men who had been known as dis
c-et;5uary' operators. were rather closely iden-
,iee5 with the business. and the Consolidated En-
c+s-rc officers gave the firm the alternative Of
dissolution OF expulsion Ny Adams promptly sent
a. r.o-irs n dissolution Of the firm. and cancelled
al existing contracts for telephones, tickers
services. printing, etc. Or. Nermilye also with
-s-sv The name Of Nermye Adams q CO. still
s,oears on the list Of tenants Of the Building
osred in the main hall, but the three doors Of
~ Offices On the second floor is shown the
legend .Vermilye Co, stock brokers" in bright
-, letters .E-crmlye & Co" made their first bid
s,r business on Sunday in the form OF adver-
,iss-nent. which read in part as follows:
Banking house Of Termiye & Co, Exchange
coyr1 Building. No = broadway, New-York.
stocks bonds, grain cotton bought or sold Tor cash
~ carried moderate margins. Orders executed
~ re %Cu-York. Boston and Philadelphia Stock
ExchanEas Cilca7o l1eeiG ~ Lta' 1G ~ a
CCcrTora1ions organized Money loaned on listed
eeci-res Highest banking references, Send for
our special on Brooklyn. out Monday Daily hints
mailed a. p m
In rhe Offices Of 'Yernlilye & Co" which were
formerly occupied by the Consolidated Exchange
err Of A C. Hooper & Co. who made an assign
,,enr on November ~ 1900, were found yesterday
! =
~ ye-nilye Adams & Co. Mr.. Carter explained
- dissolved last Wednesday. Some of the in
.erssts ether than Or. Vermilye and Mr.. Adams
had under consideration the formation Of new
err, n be composed Of W R. Nermilye son of the
foInser If the original house OF Nermilye & Co:
=, -s-.er and some member Of the Consolidated
r-vcranse il an available man could he found,
mint which would be settled to-day. The firm had
70, vet been formed but it had been thought best
~ advertise in spite of that. Asked where young
ar yerrnfve lived. Mr.. Carter answered: He's not
youn-. He is sixty-ive years old adding that
yerr7i1ve ro0k ferryboat get 10 his home, and
was believed 10 live either in Jersey City or on
Staten Island.
william A Read Of Yermiye & Co, said yester-
dar afternoon that that house had been in exist
ence for seventy years. and proposed TO keep its
name The fact Of the forming of another concern
NJ dentically the same name had been first learned
~ the Boston Office OF his firm on Sunday. and Mr..
Read had promptly secured opinion on the sub
y
respondence had passed between the TWO Vermilye
Offices but" Mr. Read minated, there are other
ways Of settling the matter
Colonel Yerrilye, the founder Of the firm, he
added. left two children, Mrs. Ebert II. Brncker-
hof and Y. r. Nermilye j.. between whom mis-
fortune divided. II had taken ". r. EermIlye
Just nine years TO run through his money, and for
years subsequently, and even up 20 the presentS
there had been regularly paid to him 4 stipend at
The Office Of Nerm:lye & Goa gratuity, and not
money due him under any trust. Mr.. Read thought
il exceedingly probable that Nermilye would by
day come 10 realize that it would be his interest
not 10 60 into the new ''Yermilye & Co." If an
attempt should be made 70 organize concern
under that style, however. his firm would al once
begin injunction proceedings. lie understood that
y eTmiFe a. Co would be asked to-day yaCate
The erhces at No. - Broadway. Or. Nrrmilye was
nor related 10 y. r. Nermilye. he said. Asked If
his oWn nrm had filed with The County Clerk the
certlhcate required by law, giving, among other
PARTICULARS, the names OF ali the partners MIR
head answered Counsel have attended 10 that
The old firm Of Nermilye & CO. Is composed Of
William A. Read, Donald NaCkay, George D.
Maekays james a. Trowbridge Latham a. Fish
= \, JroWbridge, +. D. TTog bridge, a :. Fair
child and O. T HOLSTER.