New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-11
E r O g. II wv q Y
9th and 9th Sts., kew-York.
HEIVY TOBACCO FAILURES.
TWO wELL,KNowN FIRMS 60 UNDER.
LACHFxBRuCH BROTHER AND KAUFMAN
BROTHERS & CO.. sUsPEND-sruKL>
PARTLY REsPONSlBLE

PARTLY RE~PDNSiBLE
II. Lachcnbruch 4 Brother. wholesale dealers i,
tobacco al 80 IG4 Water st.. 81 the Oldest An"
hest known firms In the domestic tobacco franc hcu
Yesterday. The first ntmaiion the trade re'eNeo
90 any troube wa the assignment Of the four partners
all brothers. Nathan. Matthias. Isaac and Jonas Ia
Aaron !. Bach which was filed early IN the morning
They made preferences aggrcsatin2 Slo'o3 IN iNor
of the following creditors Luther Eaton @''o'-
Jonathan Koch. $1,000, Goldman. Sarhs " co.
sI.7fl. Following their failure came the news ol
the failure Of Kaufman Brothers q Co.. CIGAR manu-
itcturcr, at Nos. OJ9 and 1861 Ihliu ave, bou'
firms having hal for many years the closest business
relations kaufman Brother, Il Co having been backed
by Lachcnbruch - Brother. The failure Of Kaufman
brothers & co. /, attributed 10 the frequent strikes
in their factory and the general depression in the cigar
manufacturing business. Their failure arrlcd down
Lachcnbruch 81 Brother. To whom Kaufman brothers
& 60. are reported 10 owe 100000 principally on
accommodation notes made by Lachenbruch " Brother
for the benefit Of kaufman Brothers 4 Co. and dis
counted by the banks
Lachcnbruch 4 Urutlcr have been In business abons
forty years. There were formerly live brothers In
tho firm but on January |. 1-S5, David withdrc"
and became a partner In Kaufman Brothers a 60.
Lachenbuch & Brother claimed "A capital of Sl'o'ooo
and month ago said they were doing profitable
business They generally cash buyers Of tobacco
their supplies coming principally from Pennsylvania
and Connecticut. Matthias Ldchcnbruch the prncl
pal manager Of the business. was also unth re-
Gently partner in the firm Of ID. Rose
Co., cigar manufacturers at Front and Fulton SIS
kaufman Brother. & Go. lease their factory at No.
Ojo Third ave- Abraham kaufman started the
business many years ago the Bowery, and his
brother Herman became a partner on January l.
1870. They gradually increased their business, re
moving TO their present factory in February, 1883.
ON January David Lachcnbmch, "A brother IN law
of Abraham kaufman. became Il partner. ana inc
nrn'~ capital MAS estimated at 100000 Ihcy con
fcsscd Judgments yesterday t. Isaiah Kaufman FOR
~ .~GO. and to Jacobicna Kaufman for ~ II, ana
Deputy sheriff Eurus took possession of the factory
IIorwitZ Il Icrshcld attorneys for the nrIn', saiu
Yesterday that Lachenbrlch ~ Brother had been III
business forty years. had Away, stood well, were
popular, and had the sympathy Of the trade Inc!
backed Kaufman Brothers q Co. VINO owe ihc'n
100000. kaufman brothers a Co suffered by sulhe
after strife In their factory which has been closed
on that account for some time, and tlelf lauuTc
caused that OF Lachcnbruch & Brother The liabilities
the latter firm about 100000. the greater patI
Of which is due 10 the banks. What their assets VIII
amount To- /, not exactly known at present lhey
have considerable stock and accounts. ana own thcr
business property at No. l6I Watcrst. worth PrpDLn
bly, $4,000 Kaufman Brothers a CO. owe F'I.ooN
800 900 outside OF what they owe 70 lhcncnWun
Brother. meeting Of creditors of both hrilS VII,
be held i'm "A few days, when their aidlrs VII po
placed before the creditors for speedy settlement