Show STRONG FAILURE IN NEW YORK Appointment of Receiver Causes Tangle Tan-gle in Other Firms New York Nov Following the appointment of a receiver for the firm of W L Strong Co in this city on Tuesday an application was made for a receiver for the firm of C H F H Stott o Stottsvllle yesterday In the special term of the Supreme court at Catsklll I was based on the fact that F L Stott ia a surviving partner In both the firm of Strong t Co and C II < fc Ft H Slot and as the accounts between be-tween the two firms have not been adjusted ad-justed formally It was deemed proper that he should not participate In the adjustment and that an entirely Impartial adustment partial person should be designated by the court for that purpose Justice Horrlck appointed Smith Thompson of Hudson president of the Farmers National Na-tional bank receiver He placed the bond of Mr Thompson a 200000 The Herald will say tomorrow Along with other developments of connection with the uHalrs of W L Strong Co yesterday came the report re-port that Strong had become interested In mill property and had Invested extensively ex-tensively in the Grlswold Worsted company limited of Philadelphia This concern was a manufacturer 6f worsted yarns and sold Its own goods While mill property Is regarded as n very undesirable asset for a dry goods com missionhouse It would seem In view of the fact that various members of the Grlswold family had obtained foreign attachments against W L Strong Co with ball amounting to 5325760 that W L Strong Co was Indebted to the concern on note Indorsements or other financial operations rather than on any merchandise accounts Were such not the case lawyers were at n loss to explain how the Philadelphia interests could obtain an attachment levying in part upon what is 1 appar ently their own goods This attachment it was announced i late this afternoon by the attorneys for the receiver had been withdrawn The exact amount of the clulm It was said was 1C20 0 and the ball raised the I figures to double that amount of 321 i 100 No reason was assigned locally to explain the withdrawal of the attachment attach-ment unless It be due as was intimated inti-mated by a friend of the late Mr Strong to the efforts being made to Induce the various creditors to refrain from actions which might tend to complicate com-plicate the work of the receiver Mr Treat the receiver is working earnestly earnest-ly with the closest business friends of I the house to straighten out Its affairs In the shortest possible time W L Strong Co had never made a statement of Its affairs to the banks of the city or to the commercial agencies agen-cies Perfunctory Information I was of course supplied to the latter sources or business flms but nothing in thc way I t a schedule of assets and liabilities lia-bilities ever prepared In a I rough way Mr Strong was estimated by the agencies agen-cies to be worth from 500000 lo lUOO 000 and the amount o capital actually employed In the business according to the most recent report was said to be 500000 |