New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-06-29
UNFORTUNATE IN BUSINESS.

FAILURE OF b. l.. SOLOMON Il SONS.
LIABILITIES ESTIMATED At ONE MILLION DOLLARS
AN ASSIGNMENT MADE - OTHER BUSINESS
TROUBLES.
b. +. Solomon g. Sons, the prominent furni-
ture dealers at Nos. 657 and go Broadway made an
assignment yesterday. David James King is the as
stonee TIE liabilities OF the firm are estimated az
II 900 OOO principally in tins city and IN Europe, al
tbopeb there are creditors throughout the United states
Mr.. King said Yesterday that the firm had felt com
nailed 10 make an assignment rs it found Uat to con-
tnue business ~ would be Obliged 60 borrow money.
Many friendly offers OF assistance h"l Dceh dcchci AS
M firm fricrcd TO place It's affairs ~ tine hands Of It's
creditors, trusting, IN iis unayOdabc tunes To
the conservative course "i lhOc WIN "no 1t h'n uoue
business for many years lhc causes OF nlhHsHhtut
were the heavy drafts on the CaWa ny H. J." solomon
Oh account Of the assessments taxes anu interest," Oh VIZ
productive real estate; ihc rent an" excessive HloIc
DcuaCs rendered necessary ny the OtcuIuHc| OF Tue
building at No-. 6j7 and 619 irOadWay' ana t1c SHRINK
age I'm value OF h0th hIm anu lh,t.IIuIl ploioIy, ~
statement of the condition OF tho rm Is pong prepared
which viii require consdcrdblc Time. Mhen IL - com
pleed II Will be placed before tue ceult3IH OF lne
The firm founded ~ l-j3 under TIE name Oi SOLO
mon a Hart Mr.. Hart died ABOUT tlAlt.h years a9o,
since which time tue business mas Doeh cOnuct,l @
,hr firm name Is. l.. Solomon q sons. The urn mas
never before had any trouble whatever not having had
even lawsuit Inc uleip,l7 w ~ ~ u, ~ Il hor
en.mou H. Judah H. and simon Is solomon Inc houst
WA. bc largest and Oldest u ils line III ls country ni
unlimited credit enjoyed hiSa I'puia,,ou anu W.
D,rdcd a. pcrtrc.ly solvent Inc Ialuic was thu,c9
unexpected aud was MOI hhoMn 70 w h byocbcs in
the assignment helms very HudGch; ~ nav VI % a.
Philadclpha aud san Francisco dld IIrBe Dsya7,
and had n Clpal Of 5000 the rduc tStlalhE 'i'
rortG fny 500 900 Among the real estate owned DN
y + Solomon il tnc large hyc-4tOry iron building ~
icI The business IL carried on, extending lfouRhuo
Drn,d,y.,v 10 McrccrFi., which was at one imc Nucu
~ Euo 900 IIc has cndcaVorng Tor TWO years u
| sell H. but could not ind DultE ,.,...,,
pynIc on the west side Oi Is OadNay, MY Itei norm
NJ !r5uku,t - by 100 feet, has been been conveyed
! Iv Eanrt T. Solomon aud wife 10 Edward j. King ol
S{o 900 Propclty In FoTyith--t, south tide 81 ce
yest of FI-iyc, 81 les 1903 ice mas lcen conN'yc'
b Mr. so'nuGn aud wife 30 sophie Drummer Tor Hlo an,
hce couyrycd by SOph, Drummer 10 Jua solomon a'h'
Er so Tt tyrs Zoo Oh. &c transactions were neu u
| The Errisiri' Is Office yesterday. , -,
Ia no. cement of tr Crcum 'tanccs Whlch lr' 10 ne
baulruuc, Miss Henrietta u. lialncs was Reported ~
vrsterIay's IKBt 81 a. saying that "tbe hlc A. l
stewart held clam against her Tor TJOO' 'ohiI"C,'
nv b,r utiulI- and lutcIccs.au Iud personal Appra
Mr. Stewart failed 90 induce him {" Iehgnl-h Tue pay
mrnt of lie debt, or even part OF H. I"c Irtseh
nrsuc.s rrpTcsrutpuVc of hlr stewart. on helut a.
snrrd that ,.s flames had made the statement elLc
usl bic must br mistaken, az The bill referred 10 wa
iTcurr,G .tcl .ii Stewart death, and that ustedn
heinz Tor one a her pupils was Tor carpets no" Oh he
| goprs. aud for frciscF for herself.
! INC creditors oI Hannah * Koch, Jrwellcir OF 10
Narlc-lluc have accepted composition oil 40 cents o
! the dollar ....i "a. >, .,,
| A warrant in bankruptcy las been receive" Nv i'sl
| ter AIlon against the Grm of Eichs, sieve" "o'tl
Drr manufacturers OF trO.s cr5, at So Ia 'Ht'uN'
and n meeting of the creditors 10 eject AN "s' Hh'e
! called Tor july H.