New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-14
TPOUBLES OF BUSINESS MEN.
HORSE RACING RUINS HARRIS CoHEN'
HIS STOCK cARrED OFF IN HIS ABsENoE-THE
WEATHER pAMPENs TRADE

WEATHER DAMPENS TRADE.
mi, ,..o. ,,hicb Harris Cohen dealer in clothing
.. PETER and White SIS has made on the race track
have RESULTED I'm his failure in the clo'mhs ous"css
lie has kept MS store that corner TOT t"ch's "'no
wears and asserted that he was inc oris'hA nam
Cobcn OF Baxter.st. For the last ton years ne mas
spent great deal Of his time at the race'ach al"
saws he lost fortune at it. lie estimates MS o''c'
- from gao 600 70 100000. lie had stable OF four
tccn horses at one m which cost over S2oooo' Anon
them we're Greenfield, 81, $50; Harry Mann. $500 :
pa, D,vvor. 81 200: Tolu. 81 900; Nimrod, Sl,ooo'
lie sold them ALL but realized little for them lie
saws he received only S7j for Grcenhem'
Tbrcc wears ago Cohen said he was worth $4,000
e., rca estate business and horses. all of which has
beon lost lie formerly owned four houses Nos ~
IN Az Dcancey.st which were mortgaged for 100000
and No "a BaXter-st, valued at S=o'oOo' mor'easru
for - ooo These It is said have been sold within
,bo last three years lie stopped playing the races
about foiir months ago and since that he says nc
has paid up S21 900 of his debts. lie says nc con
timed to pay everything right along as became due
and would have kept on If his store had h0t DooH
closed ND. Ilc away Thursday morning "heh 'Ho
sberI,s men took possession OF his store al ocIoch
end carried the entire stock away. He valued the
stock at 100000. lie could not say how much his
liabilities were. and did not think he would open again
at the old corner as all Ms money was gone
C,bon ran for Alderman in 1856 against Patrick
Diver but was badly defeated. On November % LAST
Cohen, daughter Esle age eighteen. was married TO
her uncle Jacob Cohcn. the millionaire Of Daxters
who Is said to be three times her age.
Tho James h. Michael Manufacturing company
sewing slis AZ 80. - Chant crs-st, has be Il close"
IN by the Sheriff under executions In favor OF lolm'
Booth a Hayden for ~ 904 and IL. Vernon. SJ2'o
Tho liabilities are reported to be from $lo'ooo 10
$4,000.
The assignee of Pollard Moss, book-puolishels'
Barclay-st. has just issued his Official alemeni
He says that N. firms actual liabilities are between
100000 and 100000, TO which must b
added a contingent liability Of S2o,OW.
Nominay the assets Of the firm are 100000, put III
actua. value they will not reach $4,000.
The business failures in the last week, as reported
by H. G.. Dun a. Co.. OF the Mercantile Agency were
200 in tie United states and 30 in Canada total OF
300 against $40 IN tho prev Gus week ana 3o3 IN inc
corresponding week last year. In their Weekly TO
view If trade Mcssis. Dun n Co. appear 70 DC us
turbed by the mdness of the weather 1hey say
among other things: But for ono thing, the business
reports receives this week would be exceptionally
satisfactory. Among ali the reports received thcfc Is
not one that does not mention the mia, open ana
unreasonable weather accounting FOR some dcpres-
sion in one or more branches Of business The trade
I'm wooden goods and IN ANY boots and shoes is also
retarded and the anthracite coal trade even more Sc
riousIy ON the other hand there is some c0mpensa-
ton in fact that the open weather has enabled
building operations 10 be CARED on Longer than USUAL