New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-11
BUSINESS TROUBLES.

lES LC-oWLS PETITIONS n bankruptcy
we're fled yesterday:
against AsleI Putzel & CO. Cooperation,
lnDo- tiers OF laces al No. Il Fifth avenue.
by thurman s. F'rankenheirler, attorneys
fer these creditors. Simon May & co,
S.,66l Gustave Rothschlld. SE,355, and
NoeLner * Bovine, SE,l3s. II was alleged
that the corporation was insolvent, made
preferential payments and also paid ante
ceoenL lnoeotecness- X was SAID that the
approximate value or the assets was S.5to.
Inc business was StarLed as firm IN 1881
ana VAS incorporated on November -, 1906,
with capital stock OF $4,000, which was
increased 10 SouU,0J3 IN October, 1905 Brad
street $ took away its rating III April,
1903 GUsJave Putzel was president OF the
corporation. The corporation purchased the
L-lA OF us goods III Europe and formerly
do large business. For q year past, Il
-as said IN the trade, the corpora ton was
olscouGtIns its sales through commission
house 10 TINS city.
Against Interstate Land and Building Co
operative Association OF No. 26l broadway,
10y these creditors Neck Road Realty Com
LaLE, S+st. Abraham Laclln1 Sd, ana A
ralph Greene. zIS all Tor merchandise
sold 70 the company. Il was alleged that
the company IS inSolyent- made preferential
payments Of S5F1. transferred merchandise
and assets Of 500, permitted creditors 70
OBTAIN preference by legal proceedings and
removed or permitted 10 be removed large
raTI OF It's property. Judge Holt appointed
Law Ieucg =. Wolf receiver. under bond Of
S-a. II was stated that the assets consist
II lumber, building materials and Office
counts Of $3.50 for work ana materials
Furnished py the company 10 owners OF
various buildings. Il was also stated that
many creditors mad called at the OrlceS OF
The company, but were unable 70 hnd the
officers there When the receiver arrived
a r-c Office Of the company ne found very
Itrle 10 take charge Of, As all the ofnce
furniture was removed by city marshal
ou SaLurdav. and only q lot OF papers, cir
culars, etc. was left on the floors. The
company occupied i've rooms. QlSpOS-
sess notice is posted on the doors. Inc
company was Incorporated en- Nay 10, 1865
with capital stock Of &0o,000 but never
mad any rating al Bradstrests. The officers
were J. Alexander Anderson, president; A
Henry Marshall, vice-presldenJ; victor i.
Gerard. treasurer. and Edward J. Sherry,
manager The sheriff received an execution
against the corporation yesterday for S469
ia favor Of LUIz q Sneinkman- Two other
executions issued few weeks ago Tor 500
Against /. W. Sweet & Co. Corporation,
iu-Ialuent fewelry dealers at No. lio
Broadway. by Walter T kohn, attorney for
these EDITORS: Leo hOnn, G--9s LaFlc
DauaU, SOUS and Julius Dawson, 500 II
was alleged that The corporation Is IN
solvent made preferential payments or
S1-t4 ara transit erreG merchandise and &C
counts OF $3.50. Judge Holt appointed julius
Henry Cohen receiver. with d bond or S@,0cJ.
The CnrDerc-ioL has been eIdeaVorinS 10
make q settlement with creditors a. 80 cents
on the dollar which was accepted by all
bar al few creditors. The business was
started IN 1880 av Leonard V Sweet, ana
d capital stock Of $4,000. which was IN
creased L. S-u#.rl ia 1854. Mr.. Sweet cled On
February y. 1873 nut Il Is Salc ne naG h&d
practically uC financial interest II the cCIl-
gau- for TWO Years previously \ meeting
- creditors Wa held yesterday afternoon
al tic Office OF Ou1enheimer x Arnold, at
J.-revS --r the Company. 10 consider
settlement. GIr. DputuheImeT stated that
GA account OF lie bankruptcy proceedings
the best offer ae could make no" was =
cents on t-e dollar. PAYABLE IL cents cash
and i cents on the dollars, al four, eight and
twelve months. he said that the liabilities
-r-are sr4 aes Of which 81. 900 was secured
and rhe nominal assets S1Z5.0pJ in stock and
in-ta-nlelt leases. most u when haN5 pen
pledged. He estimated that the uupieGGed
stock would nor realize over SI5.tt5 Nothing
definite was decided upon. and the agree
,ueur N - cents Viii be sent 10 all creci-
tors -g J-- 10 get their -tg-5 lures.
Agaius- the Steel ElzcJr0tyue Company.
creditors Royal Bank Of New York, 2,255.
1EcIpl Bl--z, sZ51 and Mark S"scII1s;ill'
500 Il was alleged thar the company is
insrEvelt, made preferential payments or
g. 5la. transferred merchandise and accounts
or $500 ana removed large part OF lts
p-opeTtv. The company was Incorporated
on November L, 1855 with capital stock OF
saro,e-0 The company absorbed the business
OF the LaUchLEr Process Company, which
was started IN april 1908. august Leuchter
became president o. the Steel EleclrotS pc
CUmrauy. Assets are estimated At 500
Against Max kaufman, haberCaSher at
No -s6 Bower, by these creditors: Sarah
gLLD-4te 4loI-t-l-- LUIS
bernstein $40 and Max Mayer & Sons -. Il
was alleged that Kaufman is lnsoIEenr and
admitted I'm writing inability 20 pay his
debts. de began the business II September,
l-tA.
Voluntary 10y William G. Ames. OF No "a
West 18th street with liabilities OF Sf,5I
and assets Of SlG7 g.. consisting of accounts
OF S-l- and cash in bank Of . cents. Mr..
alnes has been in business seven Years as
an illustrator and designer or work for
business houses ana maker of catalogues
and booklets
Toluntarv by Daniel H Macdonald. ear
renter and builder. No. =zS2 Park avenue,
with liabilities Of S5.073 and assets OF S4,G0l,
consisting OF cash. a, and claim Tor work,
labor ana services S3.s5I-
Judge Holt has appointed Robert A Inch
receiver IN Bankruptcy for the Jacobs Conf
Danv. manufactures of vault lights Al No.
Er- West 5.th street. UiJh bond Of s. G9J