New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-13

after the first mortgage Of $4,000, 900
is satisfied and then share with tho
mercantile creditors IN what is left. To
this sharing by the bonds held by Mr..
Grcenhut and the Monmouth Securities
Company the creditors plan 20 make a
decided objection,
II is also desired TO investigate the
Monmouth Securities Company. This
company is mentioned IN none Of the
publications devoted TO corporations.
and its main office" is ~ West End.
y. J.. where Captain Grcenhut, the
treasurer. has his summer home. The
New York office" is the Grccnhut
store, on Sixth Avenue, ground glass
window on a tiny room bearing its
sign.
At Yesterdays meeting Of creditor.
the Crockery Board Of Trade was rep
resented by l.. s. Owen. Furniture
BOARD Of Trade by W. j. James. Ma
tionsl Jewellers BOARD of Trade by +.
\. Stone. Mems Furnishing Association
by Willard h. Stevens, waist interests
by Edward Levi. Bijou Waist Company;
House Furnishing Board Of Trade by
Ludwig NJ. Wilson. Steinfcld Brothers
and other creditors by William NJ.
WINS. Borgfeldt, & Co. and other cred
jtors by +. V. Hartman. Fred Butter
field & Co. by Frank Worrall and the
Wholesale shoe League Of New York
by Louis VI. Taylor. William NJ. WINS
agreed to head committee TO confer
with the Dommerich committee, and 1t
is expected that at meeting to-day
MIR. WINS, L. S. Owen. W. !. James. +.
y. Stone, r. V. Hartman, Willard b.
Stevens. Edward Levi. Ludwig VI. vii
son. Frank Worrall, Louis VI. Taylor,
William Egelhofer, Of Henry Glass &
Co.. and Erncs. F. Ncumann. of Hops
Brothers. will he named TO serve.
Saul s. Myers. counsel for the Twins
committee, said after the meeting that
there would be no combination with the
Dommerich committee unless the lvins
body was accorded satisfactory repre-
sentatiOn. and leave the representatives
OF this committee free 10 make such eX-
aminations and Investigations as they
may deem proper"
1T was also the sense OF the meet
ing" said Mr. Myers. that the per
sons connected with the Greenhut com
the facts should be examined under
oath. and by wholly disinterested
body Of creditors, whose object would
all Of the creditors. and not have any
whitewash examination nor any white
wash examination Of the books.
zone Of the matters 10 be inquired
into is the 100000 sinking fund gold
mortgage bonds. dated December l,
1910, due July /, 1885. These bonds are
supposed to be secured by second
mortgage on the real estate, but IT has
been suggested that these bonds are
either held or controlled by Mr.. Green
hut. and should not be permitted TO
come in and share in the assets on the
same basis as those creditors who sold
merchandise TO the Greenhut company.
Another matter which II has been
suggested shsuld be inquired into is
what is supposed to be large purchases
made by the Greenhut company since
January !, as well as the salaries of
$500, 600 a year. paid to Joseph b. Green
hut, 100000; Benedict J. Greenhut,
his son. $4,000; Nelson W. Greenhut,
his son. $4,000: Benjamin Hillman.
500, 900, and Charles A. Cooper, Sl2,-
600"
Joseph VI. fairfield, of White &
Case, counsel for the bondholders, said
Yesterday q meeting would be called at
an early date to devise ways and
means for protecting their interests.
3. J. Greenhut said yesterday the
Greenhut company is solvent and will
continue in business. He did not, how
ever. 60 into details.
Nor did Benjamin Paskus, OF counsel
for the Greenhut company, though he
asserted Captain Greenhut would do
everything within reason for the mcr-
camille creditors of the Grccnhut com
pany.