New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-21
LOCAL MISCELLANY.
FAuURE OF HERTZ A. co.


THE SUSPENSION CAUSED ny A DECLINE IN rErRo-
LEUM-coyNECrIoS OF THE FIRM WITH HALL
GARTKN co.
The r,imOr that the firm of Ferdinand Hertz
Co., dealers in produce aud general merchandise ut
No 90 Broadst mad suspended published yesterday,
has been confirmed. Notice received from the firm
by the Produce Exchange yesterday that they were
able 70 meet their engagements. Nothing whatever re-
grding the Of the failure the amount of the liza
bities the probabilities that the firm will be able TO
make Up the deficiency could be asccrtained yes
teray OF Mr.. Won Lmbec, who has charge OF the once
and who holds power Of attorney from Ferdinand Hertz
Co. II learned, however, that Ferdinand Hertz
had returned to the city late Thursday afternoon In
very disturbed state Of mind and that he at once
his home Staten Island His partners are ms
two brothers. Of sailed for this country from
Europe days ago. and the other resides some
whore In Germany.
Stephen r. Post senior member Of the firm Of Post
Brewster No. lis Broadst stated to reporter oil The
TRIBUNE Yesterday that within the PAST week Ferdinand
Hertz CO. had bought OF them 2C0 crcss OF lard also
of Fowler Brothers of No. 20 Broadst 100 tierces oil
Ward Foster OF No. AZ Pearlst. 100 ticrces, ana
OF Armour Plankiuton Co. OF No. l29 Broad,t 100
tierccs king total of 500 tierces worth about So
O00 which all Consigned to the steamer Gelert that
sailed on Thursday for Hamburg. the MI Oh
adins Ia ling been sold to Haigasten 81 Co. phlA oI
pears" sand Mr.. Post. that Hertz had p,'n ueIIs
largely in petroleum. some OF TINS ne lu r4PPru W
Europe, hut a ,deIdble quantity sun va
hand and tile IiCe OF petroleum bns dcclhh hes no
able realize the present market enough 10 pay me
first coat Halgarten ~ Co. had made the necessary
consequently indebted his bankers To the amount OF the
deem, the price or the property Although hertz
Co il old firm that have stood well III the siet u
was tie heaV lest shippers In this city last WINTER
Vet failures led to maze inquiry ana VEN 70
Hall lrTen inOrsed them fully-sald me MN
was IN the buying the bills OF ladng or Hertl
Co. and would probably buy mat against the aIu II We
sold TO Them aud that the hrm WAS good JUST rs
the vessel sailing ana after II was 700
LAT IA seiy
tanned the hill of lading uicarten Co refused 10 pay
Hertz 4 Co ON account OF tine lard. claiming they Owed
Them nothing Thu the matter stands az present ft-
dnand Hertz has been az the ONCE to-day anu we
ore unable get amy Information Whatever Eoui ms
attorney Won l.nDers, have heard Oi no other urp's
than those mentioned. and have agreed I" DING s
iontl, AGAINST Hagrt,u Il Co. al once Tor the amount
o. respective cllims.' ,-...,
AT the once OF Armour Pankinton Co " was stated
tiaI Mr. ialstrten mad Promised member oi tir!i
firm IN The prcsenre ~ witness that II they would sen
Hertz AZ Co the lard, H. wOud not Interfere In any WdV
on account his claim for advances on tue ptr"ful
but maj bought h OF lalnt FOR the FORMER ne
woud give his the amount. MI. tallGaftrn
thr reporter tlat Won LlnDccA was eApect5
advice. IN a aay two from Europe when ne would
uro ably hnow whether suspension would be more
tan temporary or not The rm he SAID mad been dong
business city for about 10 years, anu has stVOd
well Regarding tie alleged cOur>r IuI-n ~ halgh-
TEN m getting possession Of the bll OF AIDING ana thcn
refusing 10 pa II. simply said tc statement was
moi tTe. ont declined 40 maze any further explanation
IL ia rx Ted thar sun will be brought Today AGAINST
Hail.,iten Co. tho, swho sold Hertz Co the iari