NY Times 22 May 1904
David laincl David Lalng, residing; at 2.038 Rver Aveue, who is a partner In the firm of Lalng ft Noonan, dealers in plasterers' materials and trucking at 11 to 15 Kast One Hundred and Thirty-seventh Street, filed a petition in bankruptcy yes-terdav In which James Noonan, his partner, refused to Join. The firm liabilities are $10,242 and nominal assets $14,772, consisting of materials, $703; accounts, $S.77T notes. $100; trucks, horses, dec. $4,000, subject to chattel mortgages of $l,4oO. Judge Holt of the United States District Court appointed Edward O. Benedict receiver of the assets. Mr. Lalng stated that Mr. Noonan had kept tha proceeds of a. one-thousand-dollar chattel mortgage, bad given a second chattel mortgage to Kate Mc-Donough. a relative, on May 10, and had collected numerous accounts. Among the creditors are Dodge Sc Devanny of Pttts-field, Mass., $11,485; C. Tompkins, $1,223. and the Garfield National Bank. $l,UO. Mr. Lalng has individual debts of $1,700 and assets of $300, consisting of equity In his residence. 2,033 Ryer Avenue, which property is mortgaged for $4,4UO. The firm of Laing ft, Noonan was formed on April 1, 1001.