New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-27
SEOUELS TO THE FAILURES.
MANY RUMORS AND AN UNEASY FEELING.
NO MORE SUSPENSIONS REPORrED-CONDTIoN on
LEVY BROTHERS co.

MANY RUMORs AND AN UNEASY FEELING.
LEVY BROTHERS co.
The feeling in mercantile circles yesterday
over the failure of F. Mayer Co.. wOolen merchants,
and Levy Brothers CO., wholesale dealers
in clothing, was considerably modified in the
course Of the day. On Tuesday and
yesterday forenoon rumor busy with the Of
several that were connected 10 one way and
another with the suspended frm' but before evening
It became known that the arrival OF helpful
friend and brother from the West had dispelled
the cloud which settling the house. and IN an
other that investigation had disclosed much better
condition Of affairs than was thought on Tuesday TO
exist the trade the opinion expressed that the
most threatening period had passed. and that
the liquidation which was bound to follow
later the practice OF Swapping" accOmmo-
dation paper might now proceed to the end without
great damage business There is still considerable
apprehension, however touching two three retail
houses that were backed by the houses that failed
At the warehouses OF Mayer & Co. and
Levy Brothers & Co. the employees were busy
taking account OF stock for the assgnees
There were general consultations OF credit
ors though those who in danger of being affected
in credit by the OF their claims active in
periectng the plans whereby to pull themselves through
Simon Danzg, the assignee of Mayer Co., expressed
the opinion tnat the liabilities OF the firm would noE
exceed 900 and the senior partner OF the house
shared the opinion with MIN Some u the creditors,
however place the figure at 81 100000 direct and cons
tingent Two OF the firms cheeks. given to Levy Bros
Co., were thrown ont by bank Monday, and
this 1t is said, the first ntnatlOn the latter firm
meet possible failure. Mr. Danzg and Mr. Mayer con-
tinued to give ASSURANCES that liz LSs nri
plan OF settlement suggested by a creditor
was for the firm TO give. notes 70 the preierre,d
for bo ~ claims
be used as collateral with toe banks Another
banks that II would be almost impossible to learn who
the holders until the claims hal been presented 10
the assignee No bank was preferred directly, 4u, ~,
name OF che makers or the indorsers This was tue esI
Of when were mentioned Indirectly in tne assignment
deed. the Importers ana Traders National BANK, no
tnought, bad about $4,000 OF the FIRMS paper
Several Outoft0wn oanks, particularly In CONNECTICUT,
had iudorsed and had discounted for other persons
A member OF the firm Of Levy Brothers Co SAID
that If Mayer Co. paid In fun they could resume .
mrdately No further particulars could Dc gwen
$7079s5; OF tails amoant 5000 G52 Is on notes 70 .e
number vi l54 aud tue balance, SlO7553 Is oc money
-otich Brothers, T. SSi6O7 so; A Levy BGot asn
50. S25l, S9s 0jj NJ. samter ~ sous, .. slo'szo9y'
Marcus Cane /, 81 .Ol6 IS; j. KoIecker %. D. 70
474 50; Herman strmoaen & Co.. H. $3.50 $3.50 ~
S55595 20; Levy Bros. * Co., ndOrsed by A Lev "
Bro H. $50, 900; sanger Bros 3. Sl4oI9 "; NJ honn
Sany E0 D. si.i4S IS; Nathan Litfsaer & Co..
/, $1,000; Henry Herman. " @Zi'oOo sion"s
Northumberland Brothers. $4,000; A Stenuann -
ca - 900: Louis stein $500; L. Haas $1,000;
Louis Coaen 5000 a. koR9 SoCS ass SS g a1:
Ven ~ 90; j. House. $4,000; J. R0dccser & Co.,
$4,000; F. Greenwood. s5,5O0i o. N. Bogort 90;
S5 600: David May Sl4UO; solomon H. kOhn "
Bro her $4,000; Nj Sllyrrstein. SiO,00O -.
In proceedings in repeyin the sn,rf IN the Afternoon
attached u quantity OF goods in the store OF Levy
Brotuers & Co. The action was taken by +. ID. Blaze.
commission merchant az M. al Whi.e-st, and us
basis that the goods worth, II is saio, between
81 900 and 5000. were placed with Levy bro ns,s
o. on menora dun. TUE assi4nee was unable u stas
whether tue claim was correct QUO or moi III Is sat
thar eyera ex ensye purchases made by the nrD ast
week were returned 10 sellers 10 became piss
that their possession would Only emOasfaSs inc "o''