New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-07
THE DAVIDS SUICIDE.

FlNANC1AL TROUBLES OF IHE DEAD MAN
BORROWING MONEY WITHOUT HIS BROTHERS. KNOW
LEDGE-A FIRM WHICH ENDORSED DAvIDs cos
NOTES sUsPENDs
Additional light was thrown yesterday on
the causes leading to the death OF George W.
Dayids, at the Grand Union Hotel on Wednesday by
the failure OF b. Lawrence Co., wholesale statoners'
at No. 80 Bsrclay-st. Kills 8. Yates the assignee
lawyer at No. 4 warren-st., said Lawrence Co
had indorsed promissory notes OF Thaddens Davids
Co.. made ont by George W. Davids. representative
OF the firm, 10 a large amount note for S3647 fell
due on Monday, and went 10 protest. and suit
was begun against Lawrence & Co. on Tuesday. Mr..
Lawrence TO George W. Dsvids regarding the note,
aud the latter promised to meet him before 10 m on
Wednesday and pay IL. That afternoon he dlod."
Z. j. Dunning, Jr, notebroker, OF No. 63 wail'st,
holds notes Of tine nrm Of Thaddeus Davs Co. to the
amount of 81 OOo0 he bought them outright he said,
and broker for tho rn. They had bcen signed
by George W. Davids In the name OF the firm.
David g. Davids o member Of the firm OF
Davids & Co., IL almost prostrated by
his brothers death He stated that he knew nothing Of
the notes held either by Mr. Dunning or by lawrence
S Ss G oh SSasr , naS no
Regarding the $50 600 OF school and town funds
ns % Ssw
also OF the Board Of Educaon James TODD ene pres'
money n. i, ali right. Mr. Davids has paid out $4,000
reccaly on my order to contractors who are nnding
sclOO-nCuae.
thai score When Thaddeus Davids returns the whole
matter viii be gone over"
matter said that bc held Judgment of $500 against
George W. Davids, who only short time ago thanked
that other creditors pushing him. For year and
half Thsddcus Davds has been away from this city
manased his fathers DGsines. in his absence; The
funeral viii be held In Rochelle on Monday AZ
y. IN.
FAILURE OF d. LAWRENCE co.
TIa Rrr, nf n g. IN was comnOsnd
OF Benjamin Lawrence and Albert Asher. Ninety-hve
preferences were given, aggregating abou
$4,000. The principal ones are: Berlin
Jones, 5000; Mrs. Louisa Lawrence, London,
Sl46s1 Francis & Loutrel, $3.50; H. q. stetson,
$1,000; Eagle Pencil Company, $5,262; John u
| Lawrence. London, S15,572 r. x ]. Arnold. London
S5 769; J. W. seigmGu Co., S12,7l5 for discount
I'd All the above preferences either for borrowed
money or ON promssory notes The assignment was
precpiated by the connection OF the firm with Thaddeus
Davids Co., and account Of the uncertainty regard
ing affairs the latter firm since the suicide OF Mr.
| Dayids. Lawrence Co. could not learn anything
regarding the affairs Of Davds Co., as the doors were
closed TWAS thought just for the protection Of the
creditors of the firm to make tue assignment and this
was done entirely In the interests OF the creditors They
had preferred all the money and most or the negotiable
accounts Mr.. Yates the assignee, said the urn hsd
large stock OF miscellaneous goods but tue invoice was
not yet completed and he cond give no estimate OF tho
., psSaz Tsr as n sds: n
whether the preferred creditors can be paid In full
| This business was started by Benlamin La @rence
about 1874; some years after he was joined by his
brother Phneas when the style b. Il. Iawreuce was
| adopted They displayed great energy Ia the earlier
wears o their career nnd having good connections In
London, built lp a business ~ dealers IN Imported
stationery second TO none IN the city Their AFFAIRS
however seemed 10 get beyond their grasp On Deccm-
Der g. 1870 they failed and made an assignment Win
liabilities t23i 10 and assets $15063o. They compro.
msed at so cents ON the dollar extending over period
of thirty months, inslalments, which were all paid
Henry Berolzhemer. OF Firth, Bavaria, was special
part for years for $4,000 from july 1877 On
September o. 1880 Phiness Lawrence severed his con-
necon with the nrm and at the same tino Benlamin
witbdrew from London house OF Lawrence Brothers,
n which both had been interested previously The new
American house. ON February 81, 1881, B. Lawrence
| Admitted TO an interest IN the firm nis brother-in-
| law and bookkeeper. Albert Asher