New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-24
ECHO OF sEYMoUR-JOHNsoN FAILURE.
F. w. Johnson Files Petition in Bankruptcy
Liabilities. S435,OO7; Assets, SIS.

A rotitio, in bankruptcy was flied yesterday in
the United States District Court by Frederick w
johnson, who lives at No. 20h Seventh-ave- Inc
liabilities were put $i35.O07 and the assets at
s-5 The petitioner was a member Of Seymour.
johnson & Co. brokers, 81 Nc. Il Broadway He
states that on December o. 1900 II. A Seymour
filed a petition against himself and David Webster
but that ne was at that time n resident OF
wyoming and not personally served nor ala ne
appear IN the
Seymour. johnson & co. were adjudged bank
rupt on March 4. 1901. the firm having made
general assignment on May IS. 1900. on November
10 lgJ. the assignee Alfred Hayes paid all cred
itors whose claims had been allowed 20 per cent
Of their respective claims. under order OF the
Supreme Court BY order entered in the SUI
preme Court February l6 1904. the claim OK
John b. Lord as trustee in bankruptcy Of William
T. Miller OF the Franklin Syndicate amounting 10
$3.50. allowed against Seymour. Johnson &
Co. and on February IL. 1904 the assignee made
payment OF 20 per cent on these claims. amounting
Tie petitioner also states thset the remaining
session Of Alfred Hayes. assignee. consisting OF
Company amounting to SIS. 25l He says that ad-
ditiona claims have been allowed against the as
io psy such dividend that the total claims that
have been allowed against the estate in favor ot
the creditors OF Seymour. Johnson Co amount
An additional dividend will the petition states.
probably be a9 by the pad on sn% %' Of Sd Claims
in bankruptcy proceedings begun on December 2.
when
Indicated bankrupt. and. according 10 the petition,
there is other property OF the firm applicable
o the payment thereof.
Johnson declares that he has property with
which TO pay his Indebtedness. either an indi-
vidual or as a COpartner IN the firm Of Seymour.
Johnson & Co The list o. creditors specified In
his petition IS Identical with those previously filed
as creditors I'm the schedules Of Seymour, Johnson
& Co, amounting to $t35, G)1
The firm Of Seymour. johnson & Co. a Stock
Exchange house. composed OF Henry a. Sey-
mour and Frederick ". Johnson. with DR.. David
Webster. the well known oCulist, as special part
ner with 100000 invested in the business. The
firm made an assignment May p, 1890, few
Mr.. Johnson. in published interviews. charged the
troubles OF the firm to mismanagement, bad judy
ment and speculation by Seymour, and the latter.
when his partners statement read to him.
said: a. admit the mismauagement, but not the
speculation" Several months later IT developed
in court proceedings brought by the assignee of
Seymour. johnson & Co. that that firm had had
intimate relations with the men who engineered
the notorious Franklin Syndicate. Of which Will
lam T. Miller ostensibly the head.
In July. 1902 the brokerage concern of II \.
Seymour * Co. with offices at No. - Broadway,
ceased business leaving affairs in the hands
was Incorporated under the laws of Ncw-Jersey,
but that n" didn't know when with what cap
ital. He added that the market had been too
much for the company. and that he regretted its
trouble on account Of his friend Seymour, who had
had hard luck before. when the Stock Exchange
house of Seymour. Johnson q co. went down
Henry n Seymour, on December p. 1850. filed
a petition in bankruptcy. both individually and "a
q member Of the firm Of Seymour. Johnson co.