New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-11-06
IMPORTANT BUSINESS FAILURE.

IMPORTANT BUSINESS FAILURE.
SUSPENSION OF LEWIS J. PHILLIPS co. - THEiR
LOSSES UNKNowN-THR CT sroM-HoUsE REAL
ESTATE POOL" CAUSES TIE DISASTER LARGE
TRANSFERS or PROPERTY TO MIR. PHILLIPs's
MOTHER.
Lewis J. Phillips e. Co., cap and fur manu-
facturers OF No 90 Crosbys and one OF the largest
mercantile houses IN that ne failed yesterday Inc
announcement caused considerable excitement in busi
ness circles on OF the connection OF Mr. philips
with prominent politicians in real estate operations III
this city and at Long Branch.
Application to a member Of the firm elected the In
formation that the legitimate trade OF the concern was
good and that the OF tho trouble WAS dine 10 tho
large amount of real estate which Mr. Phillips WAS car
rying The business OF the house has been very large
but proportion of assets and liabilities the schedule
Will show Is unknown.
Mr. Phillpss firm came somewhat prominently INTO
notice few years ago, when exposure was made OF tne
BLANKET and cap contracts OF Thomas Murphy IL was
reported OF the contracts for army caps L. J.
Phillips Co. had put in bid and received the award ~
60 cents but Mr.. murphv subsequently filled the con-
tract and received 90 cents per cap In payment.
During the months OF September October, ana NO
yembor largo amounts OF real estate In this city were
transferred By Lewis j. Phillips to various porsons ana
through them to his mother, Mrs. Matilda Phiilps'
1t was desired by the attorneys OF hr Phillips that no
publication should be made Of these transfers ana re-
gucsts were made Of THE TRIBUNE that all mention OF
them shonld be omitted. the transfers published by
TIE TRIBUNE official, and certified ~ correct ny tue
Deputy Register, this could not DO done. NO othcr
paper publishes the transfers as furnished
10y tho Deputy Register. and the trans
actions below may have been omitted from
them II was understood at the time and since this
quest was made that Mr. Philips represented what Is
called among real estate dealers the Custonhouse
Real Estate Pool and that these transfers were OF prop
crty held in his for several persona The same per
sons were largely engaged with DR. PHILIPS III real es-
tate operations at Long Branch and 1t IL probable that
the records OF Monmouth County ~ j. show large trails
actions OF date. John ID. Phillips mentioned III tie
transfers. is the father al Lewis j. Phillips; Mrs. Matilda
Pnips is his mother Samuel Cohen Is the old partner
of John D. Phillips and Mira Priscilla Cohen Is samuel
Cohen's wife. Thc transfers through them have eV-
IDENTIFY been for purpose Of placing the property in tho
muthers name. - o,
Monroo-st. cor Of Coriears-st thcnct 5o6 H.
thence W 2O1O IL, thence II 10 IL to Gr1nd-,I,
tLen 20 W 10 1t. thence 500 it. tDonce 2o.io
H. thence : 7j.3 II. thence "Sb also,
BroO,nc-st, cor OF Colunbias 5oxs7oH;
also salivaist. W = (SVs 66 AMI GSl, li2s IT
OF broon, 81, 42X55.9x i63x76; also, otn-LVe,
ccUr of :j9tn,t. Themes "a 5Stn-sf thence Ivy
IT, thence : 1916 IL e 100 H. tnonce 1878
fl also. 5Jt,i-st. 5 :. 30 II oi have tnohee
- II, thence 1916 1t 10 a,l-ot. .nencc ~
4, t,eyca "a ~ % H. t.ruce W 3 "a. thence n $50
~ /; also. 4ls.-s; II y, 10 u oi eihaVe' -JS ,,
959 Priscilla Cohen 10 Matilda Fhi'i'p'- -'Noin'h"
7stbst. n $. $50 It Of 3d-aye. 25xlO22; Vino
HitcacoCk 10
7stb-s,. n q. go It Of 3,,vc. 25xl02.2; Samuel
Cohen aud gIfc to Jacob tsd....--....-''' so'VoV
I2Gthst. II W corner OF 6tl-,yc. Irregular Lewis
P.iilps and vie 10 Cpincla Rowe. '.Noniina
57th-st n :. I25 n W of Gui-a,e. 5OX9o6 10 part
on; Lewis ! Phillips ANA wie To tointn -,
et'Ht'e. :. 5ss It n OF D5t,i-st, 25.3x1ootss
part ~; SANS 10 same ..Somhai
76fh-si n T. a. II Is Ul MadisOn-asp, 5oX21l.4 10
71tnst "a part oil; sauie To same .Homnu'
57,ii-st, II :, 10 II W of 6tI-dve, irregular Us -,
OCl. 20.
Sulliyan-st, =, l75 II of Sirne-St. 206lOo.3;
Samuel Conen ana wife to Isaac 4 Foien trust .,
deed -,
a,bsve. n W corner Of ioslil-st, 255x9OI.lo to
1Ugih-s;; Sarah Raynor, cx-, 10 Lewis -,
M,disDi-ayr. " cor Of 75ih~t, 1890; Uriii.n
Rowe ANA wiie to LAWS Phl,ipS. ..-..-.. Nominh
MIlioon-ayr. cor OF 7osA-st. 2o.3AlOo; same
4tiaSo' n corner j7i Isl, I55x-ov.I0. II 5Sn-
81, q part Of same to sait
9th-ave. 8 W corner Of 5stn-st. z5.5H1oo; Samuel
i,,l ~ 80" ~ 15.7a ft OF G7tst irngaar;
William III Leonard. re cree. 10 JoAr P"ii'lIs
ando'he'S---'-''---'-' .,,;i. 10;
2dave, Ii " corner Of 1Os,-st. 2sox1oo.1lxl75x
SOCK lO5.5Xl OJ5xjJ.j; also + : Oi lob .-ot, 3J1
IT e of ;,d-ayc, 5OxIOo.Il; Joan ID Philips and
wife to Samuel Cs-e'i 'Nonu
2d-aye, II cor Of 102d-st ZooAl0o.1 x173N3o6
xlojX5O.5; also OF lJi-si. 800 !, e 81 sd
ave SuxIOO IL JoLn Philips and vito to =.
Samuel CUnen. Nominal
soy. 3.
Monroe st. Il " cor Of Corlcago-at. irregular; also
Isroonlc-st cor oil COlumbssi, 5oNe7o;
also Sulliyan-St, cor Br,'oaic lNos. 90 aud
Is ouilivan-sO; also 9nI-lyr, IS cor Of 35'1
ST. IUJXlgJ.t - 3NtA-si alsO 1tL-st - % IT
o. 7tl,lye, 10 1916. 90 3itI-st; also 4ls.-st.
ms 80 P.isciiia C"acll Nominal
gf.4rt,es W cor Of 5stu-st 25.5xiO0; s.nnaei j
Levy and wife 10 joan ID faiiiiis.. Nominal
6th-ave cor l9Gtl-sI. l35x9o1l; Lewis
Philips md vie 20 samuel Levy Nominal
lSqln wSn; sane 70 jcln . Pni.s s2O.62o
lad vi /; alsu Manlatu,ii-si, :, fJSH 10 OF
9t.-,vc. Irregular. y part oil; also. 9tI-A'e,so
ave o =, 24.il vi I2jt.-si, irregular, y part
or; also, hannaitan-st ror l2'ih-sl n: egu-
lar. % pant OF; Lewis Pihiips and wife to - nm
Jyi,n fA'P = II ~ iib,yc. 275x5o ii a i''O''
Pmi,,. .1.......--......... -. NM. 6.s75
3t-aSa' g =. 432is "a o, yiii-st. irregular. a
part Of; Lewis Phillips ana wifs 10 Samuel
Levy.
IOth-rye, &. 5Oll e n OF lO6th.st, Irregular;
Lewis Phillips and vie to George King. $4,000
Pr,inps and wife to ,ieorgo Nm. ........... 1000
Boulevard, n, l71.s IL %. s2d-st. irregular "a
part on also. BiOon,n8daloI~s, n " corner
OF 9ls tst, Irregular "a part 90 John ID Phillips
aud wife aud Others 10 saul J Law -; Nominal
DG Ga5x 100 g. ,I IoitIist. is 5s2037 Lewis
Phillips aud wiIe To Jonn Phillips $4,000
i25SGOOii to IOltl-st xl35.512O3.7; IewsJ
Phillips and wife Jonn Phillips. $4,000
The following mortgage was recorded yesterday:
Phillips, LOWS ] and wife 10 Harry Pike.
corner OF Madisonsye and 76s0st; year....$l8.000
POLICE SERVICE APPLAUDED.
PRAISE PROM DisTRICT-ArI ORNEY PHELPS FOR WORK
DONE on RlCEST MURDER CAsEs
At the meeting of the Police Commissioners
yesteray Detectives Mulyey and Waing OF the Twenty
seventh Precinct Police permitted to receive $50
from j. W. Bell for recovering stolen proporty. John
Ross Chairman OF tho Fire and Police Commission OF
Utica n Y, cent 800 to be divided among Detectives
Won Gerchten, IrDe. Adams, and Lyon AS reward for
spi.