The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-22
ORANGES IN HHPPT VELLERCO
BRO 4 RWAT DRf G0ODS HOt So
TO RE0BG ANgIE.

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Pay nuls whsa Dsp llash PsSre -
ssessa Gsoas FIsuses N Csaalslsaa.
The TeEt Weller Company. wholesale
dealers In dry goods ~ We "a M Broad
way. one 90 the oldest housss in this line
in the city. n 90 undergo Reorganization.
u n stated THAI the company 10 perfectly
solvent. with Ample asssts Co paw an tine
creditoss IN full. and business h going
on a. usual without intevuSptioa In
tho irads IL 10 sAid that the company
houGht q large stock % goods las, fall
in anaicipatlou 90 . big business this
spring with the return oG prosperity to
the country. Business was good Tor .
while. hut IL has fallen 81 considerably
In the last Iwo monshs and the company
was unable ~ dispose 20 the stock as
speedily 40 expected.
u In said To he the purpose 70 the com
pany nov TO liquidate this stock within
the next thirty days 70 possible and ODER
bargains ~ Inducements ;o buyers.
Arrangements il ID stated. have been
made with . trust company for whatever
money the company requires Tor the
present. while the liquidation 81 the
stock on hand 10 In progress purchases
of goOds by the company will be contined
to small amounts to an in orisrs
To put the Affairs % the company before
The pslblic correctly and To set at rest
any nImOrs circulated in the dry goods
trade the TsGt Weller Company made
this statement yesterday
The ofBcsrs % this company have
decided to put their affairs in the best
possible condition FOE the purpose % re-
OF xaniyati0E in the near future Posi-
tive assurances are given tina, the ASSETS
of the concern are largely IN exces~ Of
their debts and that all bills will he paid
~ they mature.
An advisory board has lSeen formed.
consisting Of Ae~srs. A. ID. JuilIiard of
A ID. Juilliard a Co. Cornelius y. Bliss
% Bliss. Fabyan a Co. William he p.
Haines % Lawrence q Co.. c. T. Bausher.
late Of &. L. BAuslser a Co.. and Woodbury.
IAngylOn Of Joy. IangdOo a Co.
ii 10 understood that for the time
~ANasAAaNN
small Amounts. merely filling In
George Clarke. president Of the
company. said that the statement covered
about all the company cared to say a.
present The company 10 absolutely
solvent. he said and business - going on.
Business opsned with . bright outlook
in January and continued good for q
while. but for soms time past u has fallen
-. 4.
this in the dry goods trade generally
IL the high price oG cotton goods. Mr..
Clarke did not care to state what the
liabilit ies 81 Assees are. hut he asserted
that the assets are largely in excess q the
liabilities
william b Ellison. counsel for the
company. said that there wa no ques-
ticn ~ the solvency oS the compshy
The business was started In 1870 n
HAmlin. stone a TeHt. vas afterwArd
Teft. Griswold a Kellogg: Tent. Girls
void a Co: TeGt Brus. a Co. p. 7. TeHt
n Co, Tedt Weller a 60. In IssO and the
Tent Weller Company since June ~
iSni Joseph Weller died in IsSs aud q
Z TsH, in iseO The Teat Weller Com
pany was Incorporated on june -. 1901.
under New York state laws. with capital
stock of SaOOO .OOO. One-half preferred
and otle-hAf common. AnerwRrd the
common stock was retired except two
shares The oaBcers are George G.
Clarke. president: John NJ. Beach. vice
president: CharIe~ n Allen. treasurer
and CieoTge n Clarke. SECRETARY. The
financial st stemeRt Of the company issued
Oh January ! las, showed as~ets o.. I7I one
and liabilities o. seOyoI5. Since then.
IL n said. the liabilities have been CON
siolerAbly reduced 10y payments and ar"
nov estimated az letween 81 so. tHpD
and 7OO. OD How the reor ganizaaion
IN to ie ~hected ~ not definitely known yet
Mr.. Clarke said yesterday that the plans
were in embryo. In the trade II Is ex-
pected that some new Dsn with capital
will 70 into the cnmpanY