Show OFFER TO CREDITORS Suly Sully Wil Will Pay 40 C Cents on the Dolar Dollar Cash the Bal Balance ance iw in Notes New York York March following was given Out our to today by John Jolln JohnR R B Dos Des PaSo counsel for Daniel J SuU Sul Mr Dos Paso counsel fr for Mr lr Sul SuI ly before tp the committee of C cred creditors tor In the tho Coton Cotton exchange this afternoon and stated In behalf of Mr r Sully that the tho later latter desired to have hs his arranged and adjusted Immedi Immediately ad and ho he authorized a proposition to his creditors of oC 40 cot cents on the doUa dollar ch cash payable pable within thirty days das ad and the balance In not notch s without interest arable In one tWo ad and tree three yeas years In addIton addition to the tho above he proposed to rig resign to n a committee or of creditors al all the rights tte title ad and Interest or of the firm of f Dt D J 1 Suly Sully Co and J 1 J Sully lu In In the Ithe claim or claims which they or he have against Hn Hanley Ry Bay their joint transactions arising out nf and operations In cotton The committee has no power to ac accept capt the proposition ot of Mr l Suly Sully but It was agreed to immediately confer Wt with the receivers age ad and wt with te the creditor creditors or of orD D J Suly Sully Co for te the puro purpose e or of orf receiving f g authority to act on the proposition It Il is understood that the creditors corn com comIte Ite will wUl meet o of the he Sully Suny firm it t bool In J snow show assets ot of as a n a withA possibility ot of more mor Io |