The evening world., 1891-05-13
Ex | RA
2 O'CLOCK.
FAILED And INSANE.
Shock Of Levy Brothers Big Failure
Too Grea. for One Of the Partners.
SherItfs In Charge of the Big
Broadway Store.
No New York Failures Expected to
Follow Levy Bros.' Disaster.

Follow Levy Bros.' Disaster.
announcement q, n ,o,,pre involving a mill
,on =, do,,ars in I,obn,,,e. and resnI,,np in the
in..n,,, ~ ON memher of the ,mplicated firm.
s,ar,,.d tho entire cloth and clothing trade this
,ro.,,u
10, pro,,or, l. 20 wholesale clothing
,,.rn,.,,r,.,a a, am s1e and GA Broadyay. ia
,na nrm snd ,,a tropb,es were precipi,ated by
en-. .,,.,nm.n, NJ ,ta s,ocy ana 8xtures nv the
an.rw
.,,.,,non,s nm. ,or soo ak "a in favor
So oSa,,on,, porr RAM and ina other IN
go =, Iosann Iu,,sr,,aI n monev hroter a,
70, evo.cvo, ,or s1o zoo oe were served by
naun,, shar.T victor ue,mhnroer.
N.-s a, ,,,.,ortnna ,rave,s fast. and tho ser-
,,,.a -, ,n.so two w,,,s vas op,ck,y followed nv
.,s ...,an,. ~ ,no sher,g ~ many other vrita
sos,ns, The doomed clothing 1rm,
nnnr,v sheriT ue,nnuroer was liant bpsv
,acord,ng them this morning
some of them were IN favor Of Augustine d.
1n,,,,ard for "a o31 Martin 4 Lawrie. for
40 ts7 on. otlberm,p 4 Dommer,ch, for
sIs to7 IN william Iau,erbach. for AZ. 54a. os:
No,ban Nav for saO. 600. Pacific Bank. for
a, aGk 90. .Julius Ba,lIn for 81. p4L. 80: Nathan
Er,snosr for u. 47b on, and John G. Downing.
,or a. s1o a.
o,nsr cr.a,t,ra NJ ,be nrn for large omounts
49,. en-. IT,, no,,ers and Tradera, N.t,o,a, Raps
and the Central National Bank, the formers
.,.,,, s.,na anor, sto ooo and ,ha. n, the latter
re.r,v can 0oo
rhas. harrs bo1 M further secpritv for
,neir ,oana Than certain no,os which were
,,,v.n as collateral and apparentIv cover the
1rr,,a ,ndeb,edness.
n,saa,4 however. that mauy of these notes
.r. accommodation paper given by smsll
,ar... dealing with LAW Broa A. ca. and
ths, when an ATTEMPT in made to secure their
paymeut there will be many assignments all
over the country.
Similar aeour,,v vas held by the National
Park Hank: but n WAS not deemed sunicient,
ana for that reason tho attachmen: which has
inst been served In favor of tna. institution
was ,ssued.
The attachments before mentioned were all
issued on the ground that the trm was di.pos-
inv Of ita assets for the purpose of defraudinq q
credi,ora
LAWYER Otto aorwitz, of the firm of orwitz
Hsrsnneld. ATTORNEYS for the National Park
Bank. made the discovery tina, the security
held AZ collateral for the loans agRregatiua
nearly 300. 600, was moi sunicient, and his in
ouir,rs. "A he SAWS. resulted In the discovery
that money of the firm 10 tho mount Of $40, ,OOO
had been shipped 10 Europe for no apparent
purpose
To secure its loans from the National Park
Bank. IN December, 1880 the nrm made q
stat, ment to the hank of its financial condi-
tiou. claiming 10 have a surplus of over $500, =
600; but the examination made by Lawyer
IIorwirz within the past week dew loped the
fact that there yas irs,ead. an excess OF LA
lilites of about $3.50, 100
This apparent deucit in 40 abort time CON.
yinced Mr.. Horw,,s that the statement made
in December was not altogether correct.
ONE OF THE FIRM GOES INSANE.
Shortly after mia discovsrv of tho drm,s ,ow
nnanc,ar standing was communicated to the
members of the lrm BY MIR. Horwirz, satur-
day last, one of them, Augustus II. Levy, fell
in A fsiuting 1T. and he has since been unable
to recognize apyouc.
His family physician and three well-knoyn
alienis,s held n consultation on Mr. Leyv,s case
yesterday, and have DECIDED that h,s mind ia
totally unbalanced, and that he is, in fact, rem
dered hoptiessly insane.
Daniel w. Herman. of 476 Broadway. n
memper Of the ,mpottipg bouse of n Herr.
man Il s,ernbacn, is a bro,her-,n-,aw of the
afilcted man. and verified ,his abatement of
MIR. lawn condluon in resnonse IN epop,r,es
by an EVENING WORLD reporter this morning.
He would not saw what dlspogtion had been
made of the Insane man. whether he ha been
crmmitttd to an asvlum or no,
The members OF the nrm of law Brothers
4 Co. are Ju,iua Lew. Of 0O7 Weat One HIM.
dred and Twepty-.eoond street, AuUus,us n.
Low. of leo .weat seveptv.alxtn a,ree,. ami
Moses s. Lew. of Br,okIyn.
The senior mpmser ia AN unole Of the two
juniorA VINO are brotbers
In 1E<s L,vv nro,nors T. 70 ,o,0, o.,
slpD.OOL Al hat time samuel Law. bro,ncI