New-York tribune., 1906-12-09
CEBALb0S ASSETS FEW.
xsNY CLAIMS UNSECURED
Liabilities Ercced Resources by More
than 81 800 900.

schedules i'm the assignment Of Juan NJ.
>,.,,s1os John \ Fiske and Anderson {. Wilson
10 composed the firm OF J. NJ. Cebalios q Co,
,ps-s and brokers' OF this city and Havana,
l.hs we're filed yesterday in the Supreme Court
7-h firm made an assignment 10 William '.
pows. Of sullivan & Cromwell. on October 10
w.. schedules show liabilities of s2,ssO.3s5 0s.
rel assets OF s5.6s2.O50 u. actual assets ot
,,,os 7Gs - Among the principal secured cred
,,ors are Ranco Nacional de Cuba, sS3a.s55;
,-ri,kerbocker Trust Company, s20s.215; Alfred
Nariellcy s14.77I; James Ward & Co. $50.
noa- !, p Adams ssS200: W. /. Solomon, $780,
zoe
Among the principal unsecured creditors are
80 ,-eha1os de SAM, sl4s.Sls: y Castano.
ga, ass. Amsincl & Co se417O; Sucresire Cen
ii ,,,1oso S6as75. Western Trust Savings
part se5 OBJ. Moron Realty Company s5i SEQ:
,,,,, n Mayaguez sse. So and Jucaro Realty
Company. S7looc
1rs,ice o'Gorman. of the supreme Court. di-
-s-ted the assignee 10 file bond Of $4,000
-bicb was furnished by the American Surety
COMPANY.
The secured aud partly secured claims Of
.rsIiro-s aggregate S1.121.749 %. bu: the actual
,siue of the securities pledged 20 protect them
&c only $3.50 400 -, The unsecured claims amount
., s. s66 4a3 - This with the claims pre-
ss-re5 by statute amounting 10 S2l5l 6-'. makes
tho rotal liabilities of the firm s2.990 395 90 The
miscellaneous assets are scheduled at s615.
o4s -. their actual value being placed at $500.
The nominal value Of the Silvers & Co. ac-
,o,nr and other accounts in which that firm was
interested ,stiF in confusionl is given at s5l4.
os- 30. actual value nor stated. The secured
,ls-ros amounting 70 S202.052 25. are secured
h, collateral the actual value of which is S2IO,-
80 -. and the partly secured claims. agsre-
eating Sql96S73 81, have as collateral only
S3s722o
The assignee in a statement 10 the creditors,
SAYS in part.
@ sRPTasss s-t adf "a s bT TnSGnsns 8omRs5snt preB
pes sr5 errer:rises in which the assigned estate
IS Interested. reference 10 which was made IN my
circular letter addressed 10 YOU under date Of 9et2,
ber 81 le@ These enterprises located chiefly IN
Iubs are most ~ them incorporated. m" INTEREST
~ tn- assigned estate therein neing represeIteo
only by stocks and bonds. large fraction OF which
stocks and bonds there is no market and tney
hsre no Market yalRe As Go9se3 .+ O. 'e -
re actual va'ue' thereof has been attempted IN
= Ha--irllar instances there Is not great value.
sta s7a potential ~ me InSe6 IF s
u-aisaIS have shown such value. NeTertheless: the
dfc1E involved IN giving To re lnterests 81 ~
value IS part ~ the assets. i Al once apparent
,s spa SorpsPv snd the 1eiation TO that com
rarg 9f the assigned estate. not only through It's
I4s~r - tie bonds being by otnecated 10 secured
creditors hv Of The heavy liza billtY
7osS tlv raSruE upon tho estate Dy reason OF the
Coutr-rt f0r the erection Of tho sugar
mil ~ the plantation made in the names OF
Nessre CahaIlos & Co and Silvelra & Co, ] have
promptly -akeU un the question of the readJustnent
II re affairs of the company. end, il that connec-
non have with the sanction of the company. sent
ra London John :. Fiske. Of Cehallos & CO. who.
.r-inz uudar the advice Or Of my counsel now
N London has bean for several weeks in constant
negotiation RitI the parties in interest in Great
Britain In due the Interested creditors
may be invited 10 consider certain reorganization
PROPOSITIONS
Ness~s Silveira & Co. of Havana through Nhom
ths cuban soldiers business and the bank
ing business ~ the Siiveirs Sugar Company We're
under tls rubau law Through my Intervention.
laif. the selection NJ a liQuidatOr for
fha- Trr-. i believed that wise choice has been
made and the liquidation is proceeding as rapids y
NAV be- Mr.. SilveiTd. / have learned from di-
inquiries. is now. until recently. in
Caracas Venezuela. whore he had taken house.
This cuban soldiers warrant business. cOmpli-
Gated tHe nsSr has been thrown into almost In
eTrrf-si.a confusion by the manner in which the
whom al parties relied and whom all Parties i'm
qictl~ trusted with f@bsilos g. Co and the other
parties Iu iuters Before definite statements OF
that business be made. the involved bookkeep-
nC tsUge. both here and in the books OF Siyeira
20. must be Gnrsvelled, and accountants en-
povad your behalf. are enerEetically at work
~ thar end. + may become necessary. az the
rrnpe~ invite the creditors : body. or
those more intimately concerned, 20 consider many
signed estate IN these various outlying enterprises