The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-24

From the IT Louis Democrat. Nov. 20
Seven years ago exploded in New York city the heavily
involved dry goods firm Of French IIadsell They 81
fected compromise with all but two or three creditors
separated. and began each French invited
Boston by Mr.. C. W Mclean, then residing there, and
since well known and highly esteemed citizen of ~
Louis lie HIench) bought largely and made extensive
sales for two years, patronsng the firm OF PIERCE Bros
Flanders wholesale dry goods dealers 10 the OF
100000 His payments were during this period regular
~ made in advance 81 all purchases Two years he
brought "a Boston his old partner, adse and procured
credit for him Of Pierce Bros Flanders the extent OF
5000 He received credit for months, but paid up
two months His purchases were continued ny 81 some
SO neO worth and bic payments always prompt In
August last Iiadse again went 70 Boston, with large
amount credited u him in advance Of his past purchases
and bought bill II the same firm to the amount Of
$4,000. OF other firms in that city he bought still
more, and proceeding with prime credit ~ New York
and Philadelphia, made similar bills in those cities,
extending all 10 500 900. AT about the same
time French bought bill Of a. 900 Of Pierce Co and
similar bills Of other firms IN Boston, New York aud
Philadelphia. The two then returned 70 =. Louis with
stock Of some slo0ooo Prior TO these purchases remit.
ceased entirely. In they wrote 10 the Boston
house that they getting three cent discount per
month payments which they we're making 10 their
Philadelphia and New YORK creditors, but by December
would remit from $4,000 10 $4,000. u was shortly
ascerianed that not dollar were they RENTING 70 Pha
delpha New York, n creditor In Boston, but
mai rg forced and runousy low sales here. Mr. Carlos
fierce " the Boston Grm, arrived here Monday and
cordially received by Hadsell who assured hrn that
he Just preparing surprise him with havy remit
tance-st least ~ o. 600 French received him Ia the
same STYLE and promised 90 600 In a day or two Mr.
Pierce felt the old confidence in both-nnding in
their stores stu remaining $40 600 worth Of goods
But Monday night-as has since appeared
French, and especially Hadsel, made active efforts
10 cash the goods az any sacrifice. The latter sent
out his clerks 10 collect all their JeV customers in
the city paying $40 for each Jew customer brought in
ON that neht Mr. George Curre met by the police
and further sales the night stopped 10 the man
nor described yesterday.
on Tuesday, Pierce being engaged with his friends and
suspec,irg nothing did not visit Hadscls till O'Clock r.
NJ lie found that Issc had not been at the dur
ing the day but saw the crowded with customers
buying rapidly st their own prices He then procured
writ Of attachment, which was served at O'Clock r NJ
by which time o SIS 900 worth Of goods left the store
on Monday night, not 81 600 worth remained.
sells slipped with large sum Of money-he having acted
ne cashier the forced salesou Of the back door and
escaped lie nj length traced 20 a house on Seven
tecrth street and arrested with the clerk Chamberlain
the morning 81 wednesday. French had fed and so
attachment was served upon his stock. vast quantity
Of costly fabrics found 10 have disappeared the
drawers
on wednesday morning Mr O. W. Mclean started for
Bunker Hin in pursuit 81 Haase and French they own.
ing real estate there. Al Alton he procured sheriff and
attorney, and then with them visited the residence Of
VIM Damn, nj Bunker Hid Damn said that TIadscll had
left for the an hnur since. When asked what cars
he would not tell When asked where French was he SAID
he bad just come nom taking him to the depot Mr..
Mclean Then TIted out ~ the shcr the property 30 be
attached ami with the attorney started the depot in
pursuit ~ French end Hadscn When not Eve minutes
ride from Dams they passed by boy AZ full speed
on horseback Jh,y whipped after him, and shortly saw
him approaching buggy, IN which the driver aud
two ~ whom French and the other Hadsell
On ohservng them French sprang from his buggy aud
foot b. meet the boy prnng upon the boys horse
and put aeIoss Ae gIare itl the woods adse turned