New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-13
PRICE THREE CENTS.
A BIG CLOTHING FAILURE.
DEBTS OVER QUARTER OF A MILLION
THE LONDON LIVERPOOL AND MACK q CO..
,cercxorurp pusrvrss rporrRrFs

ASsIGN-OTHER BUSINESS TROUBLES.
The London and Liverpool Clothing Company.
at Nos ss and SO Bowery, and Mack & Co..
clothing dealers at Nos. 463 to 467 Broadway,
failed Yesterday Both concerns owned by
the same people Isidor Rosenhcim and Isaac ;.
Mack, the partnership at the Bowery store being
under the style of Isidor Roscnheim d Co. ana
the Broadway store as Mack ~ 20.
Messrs. Rosenheim and Mack made general as
sgnment without preference TO Lewis NJ Horn
thai senior partner of the firm of Horntbal White"
head, Weismann 4 Co. Bradstrects reports says
Rosenheim was formerly of Roscnheim brothers,
then of Zeltmacher * Rosenheim, belt manufact-
urers from 1870 to 1875. In January, 1875, he
became partner with Max Stadler, the ilrm fall
ing In July following, and compromising at %
cents on the dollar. He remained in this hrm
until April ], 1850, and soon afterward started In
business alone under the style of the London ana
Liverpool Clothing Company, first at Broadway
and Houston-st. and then at the Bowery and Hes
ter-st. Isaac s. Mack became partner on Feb
ruary /, 1882, and they opened another store at
Broadway and Grand-st., but gave that up about
three years afterward and took it again few
months ago.
The firm claimed capital of about Sl00,0N
and carried an average stock of about 100000
in the Bowery store where the sales amounted to
about 100000 a year. They were reported to
have lost S35 900 by the failure of T. Mayer q
Co.. in 1888, through Endorsements. The assign.
ment deed says that owing TO losses and misfort
unes in business the firm unable to pay their
debts in full.
Hugo S. Mack. attorney for the assignee. said
yesterday that the assignment had been made un-
expectcdly and had been decided upon only yes
terday morning. Business had been door for
long time past on account of the weather. which
was detrimental to the trade; expenses were
heavy, and they had made heroic efforts TO push
business by the most liberal advertising. Al
ready the firm had received expressions OF SYM
pathy and the active cooperation of the largest
creditors for a speedy settlement. which would
no doubt be hastened by the fact that the firm
had not made q single preference. Mr.. Mack did
not think the liability would exceed S250,00O to
S275, 900, the greater part of which was for
merchandise. about 0 per cent being for borrowed
money He could give no idea of the assets.
which embraced large stock in both stores.
The secret retirement of Levi G. Burgess from
the oil shipping firm of Snow & Burgess. OF No.
66 South-st. has been followed by the withdrawal
of Cortlandt ST. John from the firm Of st. John
Brothers, drug brokers' at No. II Cedar-st.. which
firm has just been dissolved. Judgments have
been entered against Messrs Burgess and st. John
Jointly in favor of the following creditors: Funch,
Edge & Co.. $3541 James E. Ward.
S3.2l7; John Z. Miller. $2,757. principally
on notes made by St. John and in
dorsed by Burgess. Mr. Burgess had
previously confessed Judgment in Brooklyn for
Sc, ,OGl in favor of his partners, Snow and Bur:
CESS and s. 800 in favor Of the Georges National
Bank The amount TO Snow and Burgess Is said
| TO be for money overdrawn from the firm.
The trouble of Messrs. Burgess and St John Is
reported to be account of losses in speculation
in opium and other drugs during the last two
years, which are reported TO amount to upward
of 200, nearly all of which was borrowed
money! Bcputy. Sheriff Finn hns not found any
property of either Mr.. Burgess or Mr.. ST. John to
levy upon. Mr.. Burgess had been the junior
partner in the firm of Snow & Burgess for twenty
one years. and Mr. st. John had been partner
in st. John Brothers since that firm was formed
in 1882, and was previously Of Downer, st. John
& Co
Andrew ]. Robinson yesterday confessed judg-
ment for S6,652 to George w. Dil>s. on prom
issory note dated November II. 1884.
Frank Pulver, wholesale dealer in tobacco,
formerly at No. 1853 WaterSt., yesterday con-
fesspd judgments TO c. H. Sptzrer g. Son for
81 ,52s and to Hnsdale, Smith & Co. for Sl,l76.
Mr. Pulver went out of business on January l,
having met with some large losses, which, it is
said, used up his capital.