New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-15
SUNDAY EDITION.
JAN. is. 1883.
COHNF'ELD BACK IN TOWN.
THE BIG FEATHER HOUSE TO REOPEN
PLANS TO SETTLE THE CLAIMS or THE CREDITORS
PEACE With Mr.. cnIENHrIM

PLANS TO SETTLE THE CLAIMS or THE CREDITORS
PEACE WITH Mr.. LIcn rEyHErM.
Isidor Cohnfeld. whose arrival WIS announced
in 1HE Tribune yesterday, has returned to greco
his friends and face his mics and creditors. The
mystery of the eccentric debtors actions will
shortly be at an end and the revival Of the ostrich
feather business will be celebrated. The fonnes
owner Of Maxey Cobb reached town quietly lass
week and registered at an uptown hotel where he
expected to be safe from intrusion Mr. Cohnfeh
has gained flesh during his stay in Canada and
the ruddy glow Of his checks shows that Montreal
toboggons iides have agreed with him. Mr.. Cohn-
Ield Is not as yet ready to talk much about his
Affairs, though he has been kept busy over them
for week. He maintains that he went u Cana.ls
from choice, not from compassion, and that be 70
turned because he felt like t. tie does not now
want his stopping place to be known because 10
has nothing TO say and does not care TO be oves.
with callers.
GENERAL COMPROMISE PROBABLE.
Since Dir. Cohnfed's return, the score VI law
yers representing the creditors have been busy get
ting up plan of settlement to satisfy all ME
Cohnfeld's return TO New-iork was delayed by the
obstlnacy Of the creditor Lchienheim, aud the
return OF the merchant slgniles PLAINLY that Lich-
tenheim has yielded To the proposition made "a
him. On December %, $751; Lichtenhclm opened
his legal opposition To tine rest ot the creditors W
hung bill Of q M liant IN which he applied lur
al uJuncGon ana IT. appon'DiC ~ II a ser.
Judge Andrews hoard The ara L.ent on January 5,
but has gwen no decision. lie refused, however,
TO Judge the merlts of the claim OH The part VI
plaIntln that the steps taken by the other creditors
were of fraudulent intent anu therefore Ilsyse IN
terested III the understood that there was To
lie 10 Injunction ana no receiver. Yet tney Iacity
dgr IL aI NJ
Cohnieid, and on THAT account stopped the auction
sale OF the stock OF feathers, winch was ~ taks
place on last friday. In the tame Mrs
George H. Llchtenheim, behalf OF her nus
banu visited OrOnJo " see whether she could uos
obtain lurthr CONCESSIONS from Cohnlcld. sue
succeeded, and LIcItennelm mas Joined hands with
otDcr creditor.
HOW THE DHBrs WILL BE GOT RID on
The articles Of settlement, which viii De signed
tomorrow are Substantially those already pub
hshed exclusively IN The Tribune. Connieids
personal property Eas been conveyed To the money
creditor VI Connleld ana d debtor TO tne oanss
to julius j. rank, attorney Tor tine benefit vi the
unsecured creditors Cohnteid Is to resume busl-
ness with the capital NOW held By the money
creditor. lie Is 10 receive a COMMISSION Tor manu-
tacJurlng and Tor realizing the real estate held
by the banks tie s 10 Turn over the net proceeds
OF the stock he collects them TO the money
Indebtedness within four years.
As TO the merchandise creators, COhnfeld Is TO
pay them at cash dividend OF 20 per cent
and they are TO extend the rest OF the indebted
over one and one-haf years, without security.
As to Lchtenhelm, who appears botn as .
creditor of Cohniield and a debtor to the banks
that hold his Endorsement on Cohnfelds paper.
the arrangements have been somewhat changed the
concessions offered him before being made still
more liberal. According to the plan proposed some
weeks ago, Llchtenhem was To receive at once
a cash dividend of 70 per cent, and to extend the
balance Of his claim over four years. In the mean
time, Trustee j. j. Frank was to sell the real
estate and divide the proceeds among all The
creditors. In addition Cohnfeld was TO pay Llch-
tenheim at once $50, 900 cash besides the 25 peg
cent dividend. The merchandise creditors ofrcd
as a further inducemcnt TO give Lichtcnhem
$4,000 of the extension paper first due.
MR. LICHTENHEIM CONES OUT o. TOP.
All these propositions were not sufficiently
tempting and though it is not probable that the
other creditors will countenance the giving OF any
open advantage to Lchtenheim, it is also safe TO
assume that the latter creditors claim has been
satisfactorily arranged for between Cohnfed and
Mrs. Lichtenheim.
All the attorneys in the case yesterday
agree that the plan of settlement will be accepted
by all, and that Cohnfcld will resume business
as soon as that Is done
Now that there is chance for the creditors 70
lake good their Claims judgments against Cohn-
field continue TO pour in. Two granted
one to Charles S. Henry for se,444 ~.