The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-18
STRIFE In A SOAP CONCERN.
RISE AND FAIL or THE LONDON
TOILET IND Bazaar.
Plot and Countsrpiot Among the Five
Directors Untu Mr.. and Mrs. Cassidy
Were Suddenly Left Out In the Cold.


Plot and Couu,erpiot Among the Five
D,rector. untn Mr.. and Mrs. Cassidy
Were Suddenly Left Out In the Cold.
Some time ngo tho creditors OF the London
Toilet .nl Bazar. concern that made face
powder SOM. and similar articles. asked that
n receiver be arpoin ed The company op-
posed them and won. Then Mr.. George II.
Cassidy. the secretary and treasurer OF the
company. was arrested on q charge Of grand
larceny rre erred 10y Mr.. Anthony p. Couture.
the President OF the company who al
legged that the funds of tho concern
had boon misused. Cassidy was honorably dis
charged after u hearing bv Justice O'Reily.
He began suit for $4,000 damages against
Mr. Cou urc for false impris onment and ano-
Il err for $4,000. alleging conspiracy TO freeze
him out OF tho business. 1.aer Mr.. Couture
was appointed receiver ~ the company On the
application OF his wife. his sister-in-law. Miss
Ham. and himself, they being three OF the five
directors.
This morning In the Supreme Court. cham
hers. before Judge Brien. the whole trouble
will be aired. Mr. Cassidy aid his wife. who Is
tho Vice. President OF the company. will try to
have Cou.ure's appointment set aside on tho
ground that he il no; proper man to receive
anything. They have made lot OF ahdavits
to support this claim. A preliminary 10 the
lattle. Mr.. Cassidy sent out call for reporters
yesterday afternoon and told this story.
The COMPANY was orig mated BY himself and
his wife he said and they were the inventors
Of all the things manufactured and sold by IT.
1t was In orr Grated with a capitnl stock
OF 10000, In l,s9. and MIR. Couture
was elected President. Through his infiu
en- $33.0O) worth OF the company's stock
was sold. The greater part OF this money was
IL ed In per!ecting tho lines OF goods dealt in
and in advertis ne. Up to July G. 1891 the re-
latons OF persons in the concern were
pleasant. The tight money market in Decem.
ter however. had retarded the extension
which had been laid out and on May thor"
were 900 o In debts due and only 1000 worth
OF stock in tho treasury. and no cash.
The directors held q meeting on April 30. and
President Couture said he could cell $4,000
worth OF stock II the CAPITAL could be In
creased and in that way he could get tue
money to pay the debts. The company had
retail store at 80 and 40 West Twenty-third
street. which 1t had tried unsuccessfuy TO
sell for $4,000. At the meeting Mrs. Cassidy
offered to pay $500 in stock for the retail
business. which stock could be con-
verted into cash. In case 1t should not
be thus converted within six months
csrted the proposition. Mr.. CASSIDY at the
and ST.. Coniure iosned It s3ooo more That
was enough o pay the debts. The loans were
" hsls Was on monthly meeng OF
dreetrs i to BE- ned at 9el9sk
ture visited Mrs Cassidy she says. at the
Twenty. third street store and told her that her
husband was defauiter; and that he .Soui;
if is she Il W. Would vote with him and the otter
directors to boost her husband.
him about II; All the directors were at the
meeting and Mr.. Couture had his lawyer with
s% o MT ana iif hs sshHs ,S
ture Introduced four cen resolutions which
s % an Sy Ham srd s ws
vo' ed "' against each. The resolution, dismissed
Cassidy from tue, positions which he he'd in
aeer Mr Cass dy held this place and
Also the ang A.. 81 o ,bs
Corporation provided that they could not De
changed exeert by .wo,thrd J.. ye pie Of the
BsSr Ias cree
resolution that it had not boon passed tecanse
m s de- when Mr. TIA
hen spG0oin,ed Es, The ssveiA' places which
FL. ss dirsc,o aa met ON the three following
days and ratified the resolutions that they had
Mr. T Sassy cssss sa Oh
tho books OF the concern. and had them exam:
ined BY an expert, iie found. 10 SAYS that
he says. that the booEkee, or had altered Gg-
ures and had carried n false balance for many
months. the object being to make 1t appear
that Cassidy had m sapproprated money
Mr. Cassidy has had the books ever since.
Last Wednesday, he says. Mr.. Couture got two
policemen and two Diet, CITY es from an agency.
and with his bookkeeper md the laboratory
store. and in the absence Of Mr.. Cassidy took
forcible possession. Theydroye the customers
out and announced to tho clerks that 'hey
were no longer working for Mr.. Cassidy.
but that they might n to NOT, work in
vans came and the place was cleaned OUT.
Everything WAS carried or including personal
property OF Mr.: and Mrs Cassidy.
Mr. Couture Is the buying agent OF tho firm
OF J. ]. Wyaong 4 Co. 43s Broome street He
passes a great deal o his time in Europe: His
home is In this city. His lawyer now is David
NJ. Aewburger Mrs. Cassidy and her hus-
band. together. say they own $4,000 OF the
stock OF thu Toilet ComnanY.