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ITS CREDITORSARE ANXIOUS. DOORS OF THE AMERICAN TRUST CO. STILL CLOSED. ANOTHER SUIT AGAINST THE MANHATTAN TRUST-OTHER BUSINESS TROUBLES. Creditors of Munger, Thomas & Co., investment proirers at No. 173 Broadway, who managed the American Trust Company of Fort Worth, Tex., are looking in vain to find the men. Those who have called at the New-York office have been unable to gain any definite information, as the doors are still closed by order of the sheriff. Dispatches were received in this alty yesterday from Fort Worth inquiring whether Mr. Manger was in New-York. Both Messrs. Munger and Thomas looked principally after the Texas end of the business, while A. L. Eastman managed the NewYork office. The American Trust Company began to liquidate its business several months ago, and about three weeks ago the sheriff received two attachments aggregating $15,000 against the company, but found nothing here to levy upon. Mr. Munger, when the began business here in October, 1889, said that they am had a working capital of $15,000, that he was worth $70,000 and Mr. Thomas, $60,000. Mr. Munger originally from Michigan, was for some years in Aberdeen, was Dak., was one of the originators of the Building and Lean Association of Dakota, and in connection with Mr. Thomas, organized the First National Bank of Lake Charles, La., the State National Bank of Vernon, Tex., and the National Bank of Granbury, Tex. Mr. Thomas was president of the Lake Charles Bank until about eight months ago, when the was succeeded by William E. Ramsay. Mr. Thomas was cashier of the Granbury Bank when it started in May, 1887, but withdrew, continuing as $ director. He was also a director in the Vernon Bank. All these banks are doing an active business. L. Eastman was formerly a Congregational minister A. at Cazenevia, N. Y., and was New-York State agent for the American Building and Loan Association of Minneapolis. A. B. Bright, of No. 120 Broadway, who was a director of the American Trust Company, is also Its counsel and has been appointed its liquidator by the directors. Mr. Bright said yesterday that the winding up of the concern was due to the fact that the NewYork State Banking Department had ordered the company to deposit $50,000, ten per cent of its authorized capital, with the Banking Department as security for its depositors, in accerdance with the law relating to outside companies doing business in this State. Mr. Bright says he has called a meeting of the stockholders, though the has fixed no date for the meeting. He places the liabilities of the company at $141,006, including a paid-up capital stock of $122,700, and other debts amounting to $18,306. The assets, Mr. Bright says, are about $187,000, in stock, mortgages, bonds and Texas real estate. The corporators of the American Trust Company were Alphonzo Munger, president; B. B. Paddock, first vice-président; Adelbert L. Eastman, second vicepresident, and Abraham N. Thomas, secretary and treasurer. It was organized under the laws of Texas in October, 1889. Another suit has been begun against the Manhattan Trust Company, Francis O. French, Amos T. French, Edward E. Gedney, George R. Blanchard, Donald Mclean, and Wendell Goodwin. The complainant in this wait is Samuel T. Davis, of Sioux City, who subscribed $10,000 to the Wyoming Pacific Improvement Company. The previous suit is by the Fidelity Loan and Trust Company, of this city, which subscribed $5,000. Both subscriptions, as well as many others, were obtained upon the representation that $400,000 had 'already been secured outside of Sioux City. Other suits may probably be begun shortly. The Wyoming Pacific Improvement Co. was organized with a capital stock of $3,000,000 for the purpose of building the Pacific Short Line from Coving ton, Neb., to Salt Lake City or Ogden, a distance of 1,000 miles. One hundred and thirty miles have already been built. The Manhattan Trust Company noted as trustee for the subscribers, and some time R30 had mortgages to the amount of $1,600,000 foreBlosed. securing the appointment of Wendell Goodwin as receiver. By the foreclosure of these mortgages the subscribers are left unsecured. Hence these suits. Max Moses has been appointed receiver in supplementary proceedings for John F. Behlmer, bottler, of No. 806 West Sixty-eighth-st., on the application of the New-York Gas Fixture Company, a judgment crediter. About a year ago he erected the building occupied by him. The creditors of Bernard Dreyfuss, manufacturer of playing cards, fancy goods, etc., at Nos. 258 Canad and 300 Monroe-st., have taken charge of his affairs. The Sheriff recently took possession of the factory, but the creditors guaranteed the judgments, and the Shariff has been withdrawn. A committee of creditors has been appointed to look after their interests and manage the business until they can work out their claims. The liabilities are estimated at $50,000. The schedules of John C. Avery, broker in investment securities, of No. 115 Broadway, show liabilities, $48,918; nominal assets, $437,220; actual assets, $65,371. The nominal assets include $333,300 of the stock of the Continental Land and Security Company, of No. 115 Broadway and at Denver, which has failed and of which Mr. Avery was the president. The property of the company is about to be sold under foreclosure. THE OLD COLONY DISTILLERIES CO. TROUBLE. New-Haven, Conn., Aug. 14 (Special).-A meeting of the New Haven creditors of the Old Colony Distilleries Company was held to-day. Judge Lynde Harrison, representing the United Growers' Company, of New-York, stated that his clients would take control of the distillery and conduct it on a new basis. To secure their claim of $150,000 they would be satisfied to take & second mortgage upon the property, while the new company to be formed under their direction would issue to the other creditors (whese claims amount to about $110,000) 6 per cent first mortgage bonds to the amount of $100,000, paying all claims over that amount in cash; the whole bond issue to be paid within five years. Judge Harrison stated that no whiskey certificates have been issued in excess of the stock in the warehouses. The opinion of the creditors seemed to be in favor of a settlement, and a committee consisting of General S. E. Merwin, Fred A. Betts and Hugh Dailey was appointed to go to New York to-morrow and make a complete investigation of the accounts of the Old Colony Company, the same being in custody & of the United Growers' Company.
