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M. E. Graves in Bankruptcy

M. E. GRAVES IN BANKRUPTCY. Petition Against Builder of TwelveStory Apartment House at Madison Avenue and Twenty-ninth Street. A petition in bankruptcy has been filed against Maitland E. Graves, formerly of Madison Avenue and Twenty-ninth Street, by Donald McLean, for the followingnamed creditors: Henry Huber Company, $12,132, for plumbers' supplies sold to him from July 1 to 1, 1902; E. Bradley Currier Company, $3,848 for tiles, and 'Abner P. Bigelow, $2,056 for lumber. It was alleged that he is insolvent and that on Dec. 30 last he gave mortgages on property: at- the southwest cornen of Madison Avenue and Twenty-ninth Street to Josephine Graves for $27,000, and to the Seventh National Bank, the National Bank of Commerce, and the Corn Exchange Bank for $28,000. Mr. Graves two years ago started to build a twelve-story apartment hotel at Madison Avenue and Twenty-ninth Street, to cost $765,000, and obtained a building loan of $400,000. On Dec. 31 and Jan. 2 last twenty mechanics' liens, aggregating $65,000, were filed against the property by material men, and a few days later it was said that Mr. Graves had gone to Europe. He was formerly a bank cashier in Watertown, N. Y., and was afterward a promoter of railroads.
Article from 30 Apr 1903The New York Times(New York, NY)
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