Savannah morning news. [volume] (Savannah) 1868-1887, 1884-09-20
A BIG FIRM TN THE LURCH.
RINDSKOPF BROS. & co. MAKE
AN ASSIGNMENT

Assets of S1,IOO,OOO, Liabilities of
S9O0,o 900, and Preferences of Sss6.
911-Dun & Co. Report 2lS Crashes for
the Week-St. Joseph shaken by a
100000 Tumble.
NEW YORK, Sept. 19.-Simon Rinds.
kopf, Morris Rindskopf, Raphael Bu-
chanan and Jacob Rosenthan. comprising
the firm of Rindskopf Bros. Il Co., whole-
! sale clothiers, doing business at No. 61s
| Broadway, and who have been in busi-
ness about 40 years, filed an assignment
to-day for the benefit of their creditors TO
Jacob w. Mack. The total amount of
| preferences is about $SS6,9T1.
Morris Rindskopf, of the firm, is well
known for his charitable bequests to the
poor of this city. Simon Rindskopf is
also highly connected and well known.
Assignee Mack is Secretary and Treas
urer or the Nathan Manufacturing Com
pany. RindskOpf Bros. & Co. organized
in Cincinnati in 1854 and moved to New
l0rk IN 1866. They were among the larg-
est clothing houses in the country, have
never before failed, and have enioyed the
highest credit. Raphael Buchanan, of
the firm, is a director in the Importers
and Traders and Fifth AvenueJ Banks
and the United States Insurance Compa-
ny. The liabilities are estimated at $780,
600 and the actual assets at 81. 100, 900.
The firm called on its friends for large
sums last week, as 1t has suffered
heavily from the stringent money
market. Their friends agreed to lift
them over if the firm felt justified in ac-
ceptIng help. This investigation was
made, and after consultation with their
attorneys, Messrs. Stone 81 Myers, of No.
Is Wall street, it was decided that their
friends should not be imperiled, and that
1t was best for all concerned that the
house should fail. They were forced to
this by the fact that large interest was
in jeopardy, and efforts to secure it were
unsuccessful. RindskOpf Bros. q Co., who
have filed assignments, are the firm about
which rumors were current yesterday.
They have large branch house in Gin
cinnati. The firm has been rated at from
$500, 900 to $500,000, with credit very high.
DUN CO.'S REPORT.
The business failures in the countrvs
occurring during the last week reportaE
to Dun & Co.'s Mercantile Agency mum
ber for the United States 1875 and Canada
y, total of 2lS, as compared with 800
last week. The number is nearly identi-
cal and the distribution Of failures about
the same as In the previous week.
THE LADNER's.
PHILADELPHIA, Sept. 19.-Wiuiam and
Lewis j. Ladner, the suspended bankers.
were brought up from the county prison
to-day on a writ of habeas corpus.
The counsel for the defense said that he
would ask the court to hear a charge of
embezzlement preferred by Alois Schmalz,
and grant reduction Of bail in the other
cases in conformity with the offense
charged. After informal discussion, in
which it was said that in civil suits the
defendants were held under about $4,000
bail, making altogether 100000, it was
determined by the court, at the suggestion
of the parties, to leave the fixing of bail
to the counsel in the case.
WHOLESALE DRY GOODS HOUSE FAILS.
SYRACUSE, N. Y, Sept. 49, The whole
sale dry goods firm of Peters & Co., late
Chadwick, Peters & Co., failed to day.
The liabilities are $l25,000, mostly in New
York.
TO PAY DOLLAR FOR DOLLAR.
ST JOSEPH, Mo. Sept. 19.-J. w. Bal
ley Co. made an assignment yesterday
to A. M. SaXtOn for the benefit of their
creditors, giving no preferences. The
assets are 100000 and the liabilities
$l3O,OO0. All of Mr.. Bailey's personal
property is included in the assignment.
The firm will pay dollar for dollar.
CLOAK MANUFACTURERS FAIL.
CHICAGO, Sept. 19.-Hazefeld, Friend
q Co., cloak manufacturers, confessed
Judgment to various parties to-day for a
total of $4,000. This amount is sup
posed to represent nearly the total liabili-
ties of the firm. Their assets are $4,000.