The New York Times
April 18, 1883
Williston, Knight & Co.
The schedules of assets and liabilities of the insolvent firm of Williston, Knight & Co., of Nos. 74 and 76 Worth-street, were filed in the Court of Common Pleas yesterday. The assets are goods and open accounts nominally worth $115,247.74, but are really worth on $83,320. This difference in values is stated by the insolvent merchants to result from the fact that the goods will not bring their proper prices at a forces sale. The liabilities of the firm are $185,473.22, principally on drafts accepted by banks in Massachusetts and Connecticut. The contingent liabilities of the firm are $36,000, on three notes made by H. W. Knight and indorsed with firm name of Williston, Knight & Co. Two of these for $80,000 are held by the Central National Bank of this city, and one for $6,000 by William A. Newell, of Brooklyn. The security for their payment is 300 shares of the stock of Williston & Knight Company of Massachusetts, which is now insolvent and 75 shares of the stock of the Mill River Button Company. The maker of the notes – H. Williston Knight – was formerly a member of the insolvent firm, which is now composed of his father, Horatio G. Knight and Frank P. Tenney. It was his fraudulent use of the paper and name of the firm that caused it to become insolvent. He is now a fugitive.
(Bio from williamknight57)
April 18, 1883
Williston, Knight & Co.
The schedules of assets and liabilities of the insolvent firm of Williston, Knight & Co., of Nos. 74 and 76 Worth-street, were filed in the Court of Common Pleas yesterday. The assets are goods and open accounts nominally worth $115,247.74, but are really worth on $83,320. This difference in values is stated by the insolvent merchants to result from the fact that the goods will not bring their proper prices at a forces sale. The liabilities of the firm are $185,473.22, principally on drafts accepted by banks in Massachusetts and Connecticut. The contingent liabilities of the firm are $36,000, on three notes made by H. W. Knight and indorsed with firm name of Williston, Knight & Co. Two of these for $80,000 are held by the Central National Bank of this city, and one for $6,000 by William A. Newell, of Brooklyn. The security for their payment is 300 shares of the stock of Williston & Knight Company of Massachusetts, which is now insolvent and 75 shares of the stock of the Mill River Button Company. The maker of the notes – H. Williston Knight – was formerly a member of the insolvent firm, which is now composed of his father, Horatio G. Knight and Frank P. Tenney. It was his fraudulent use of the paper and name of the firm that caused it to become insolvent. He is now a fugitive.
(Bio from williamknight57)
The New York Times
April 18, 1883
Williston, Knight & Co.
The schedules of assets and liabilities of the insolvent firm of Williston, Knight & Co., of Nos. 74 and 76 Worth-street, were filed in the Court of Common Pleas yesterday. The assets are goods and open accounts nominally worth $115,247.74, but are really worth on $83,320. This difference in values is stated by the insolvent merchants to result from the fact that the goods will not bring their proper prices at a forces sale. The liabilities of the firm are $185,473.22, principally on drafts accepted by banks in Massachusetts and Connecticut. The contingent liabilities of the firm are $36,000, on three notes made by H. W. Knight and indorsed with firm name of Williston, Knight & Co. Two of these for $80,000 are held by the Central National Bank of this city, and one for $6,000 by William A. Newell, of Brooklyn. The security for their payment is 300 shares of the stock of Williston & Knight Company of Massachusetts, which is now insolvent and 75 shares of the stock of the Mill River Button Company. The maker of the notes – H. Williston Knight – was formerly a member of the insolvent firm, which is now composed of his father, Horatio G. Knight and Frank P. Tenney. It was his fraudulent use of the paper and name of the firm that caused it to become insolvent. He is now a fugitive.
(Bio from williamknight57)
April 18, 1883
Williston, Knight & Co.
The schedules of assets and liabilities of the insolvent firm of Williston, Knight & Co., of Nos. 74 and 76 Worth-street, were filed in the Court of Common Pleas yesterday. The assets are goods and open accounts nominally worth $115,247.74, but are really worth on $83,320. This difference in values is stated by the insolvent merchants to result from the fact that the goods will not bring their proper prices at a forces sale. The liabilities of the firm are $185,473.22, principally on drafts accepted by banks in Massachusetts and Connecticut. The contingent liabilities of the firm are $36,000, on three notes made by H. W. Knight and indorsed with firm name of Williston, Knight & Co. Two of these for $80,000 are held by the Central National Bank of this city, and one for $6,000 by William A. Newell, of Brooklyn. The security for their payment is 300 shares of the stock of Williston & Knight Company of Massachusetts, which is now insolvent and 75 shares of the stock of the Mill River Button Company. The maker of the notes – H. Williston Knight – was formerly a member of the insolvent firm, which is now composed of his father, Horatio G. Knight and Frank P. Tenney. It was his fraudulent use of the paper and name of the firm that caused it to become insolvent. He is now a fugitive.
(Bio from williamknight57)
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