New-York tribune., 1891-05-15
BUSINESS TROUBLES.
FAILURE OF THE TWO LEVY FIRMS.
CREDITORS GETTING sUsPIcoUs-LIABIHr1Es
LOOK SERIOUS.

crrDIroRs GETTING ACKNOWLEDGEMENTS
LOOK SERIOUS.
, c.,er,, ,mnrfssion in the clothing trade Is thas
tho failure of Levy brothers Co.. of Nos 61O 6l2 and
GA Broadway which was announced yesterday
,yored of fraud At least there are many angry cred
TORS who altogether viii lose about S0Ooooo. Inc
unsecured creditors will probably lose everything All
day long small mob of young men and old men hung
around the doors of the place. The crowd was com
nosed chiefly of workmen to whom is owing con-
siderable amount Of back wages. The stock In the
store Is being held under repevn wrts The stock Is
not valued at more than $4,000
The officers OF the State Bank managed yesterday
10 secure an attachment amounting to $le24o'
Julius Levy, the younger OF the brotnerS' ms
not been seen for several days ooV',
was in circulation yesterday that considerable
sum of money had been sent to him from the estao-
shnent In this city before the failure 1t was I'M
possible to confirm this statement. as there seems 10
be no one in the city to represent the firm
A. Levy, the head Of the firm. is now insane ana Is
confined in an asylum. There may be contest IN inc
courts to test the validity Of the attachment WINCH was
secured by the National Park Bank for @oo'ooV' "i
was obtained or Monday.
The creditors of A. Levy d Brother, whose failure
was caused by the smashup Of Levy Brothers Co..
think that they stand much better chance OF
realizing out Of this firm than the creditors OF OIL ne 70 oIe sy
at least 90 cents on the dollar They have issued
circular saving that their trouble was caused py Ino
xpected failure Of Levy Brothers &c Co.. and that an
Investigation Is under way that proposition oil setue
ment may be submitted to creditors
The Union Pacific Tea Company filed an assignmeho
OF its four Newark stores In the Registers ONCE
yesterday, the assignee being George II, Macy inc
claims of creditors attached to the bill OF assignment
foot up SOL 55 and the preferred creditors cas
are $S6,260 81.
Deputy Sheriff Mulvaney has i've attachments aggrc-
eating S2,G67 against the G. II. Dunham Railway
Equipment Company, OF No. Is Wall-st The la
billties, II is said. about $1,000. ~,
Edward Egenterger, manufacturer OF jewelry at NO.
90 Nassaust, Has been closed up Dy the oDerin oh a
execution for 81 200 I'm favor Of oscar Stern
Leonard Reeclnan builder, yesterday confessed Juug-
ment for 1896 in favor OF Walter IT, ana James H.
Schuyler surviving partners Of e. L. schuyler d. Co.,
on a claim three years old
Boston, May 14.-Considerable interest Is manifested
in the news from Knoxville, Tenn, alleging an apphca-
ton for q receivershp for the Cardiff Coal and Iron
Company, which Is backed by Boston capital. the IN
vestments were mostly made through Cordley Co., Of
this city. Mr.. Cordcy said to-day that he believed
the dispatch to be wrong. for he knew OF no court
that would condemn individual or corporation with
ont a chance to be heard No such opportunity had
been given 10 the Cardiff Coal and Iron Company, so
far as he or any Of the Boston officers knew, ana nc
did not believe tho dispatch was true lie was the
more sure OF that, for he said te company had dOnc
moro than II had agreed to do regardless OF tne stte
ment that II had not. Neither had there been any
thing fraudulent In its transactions.
Waterbury, Conn.,. May 14-Trott, La"toh q oo'
one Of the largest cracker manufacturers in Western
Connecticut having made application TO the superior
Court for receiver. Merden creditors have attached
the company for So,OOO.
pb,,ode,nhia. May 14.-Execntions have been issued
,or COS Oa5 against George W. Walton 6 Co.. limited
rcr u dealers on Judgment confessed by the firm to
a trustee for long list of small credltors'