New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-11
HE FLED TO CANADA.
LEWIS STEMS CREDITORS CHEATED.
MANUFACTURER OF CARRIERS SELLS OUT AND
RUNS AwAY-LEAvING DEBTS OF
OVER eos ono


Lewis Stein, manufacturer of garters and elastic
supporters at No. 37s Canalst.. under the style
of Lewis Stein & Co., has sold out his business
and diappeared, leaving debts reported at over
$4,000. Creditors tried TO catch him, but did
not succeed, and it is said that he is in Canada
Creditors say that he was last seen at his place
of business on September ..
lie sold ont his business TO George D. Nichols
on September /, for Sl,700, under an
agreement which it is said was made last April
Before he sold out the business, he bought a
large quantity of goods from numerous firms on
credit up to August 2s which goods it is said
were disposed Of for cash or secreted Deputy
Sheriff McGinnis yesterday received an attachment
against Stein for 81 $40 in favor of the Osborn
& Cheesman Company and he seized lot Of
goods stored in warehouses. Blumenstel &
, Hirsch represent about twenty creditors whose
claims aggregate over 81 0 ,000 among them being
the Osborn & Cheesman Co., S1,64O: Armstrong
Manufacturing Co., 500; Martin Manufacturing
Co., $426; f. Reed GoOdridge Co.. 500; George
Il. Gurley, S1,l93; American Mills Co, $3.50;
Edwin Horox, S44O; and George S. Colon, S45O
Emanuel BlumenStel said yesterday that there
was no doubt that Stein had gone to Canada
Mr.. Hirsch was likewise positive that Stein had
crossed the border. and showed the reporter q
letter which had been receiYed by Mr.. Nichols
from Stein. The letter is as follows:
Montreal Sept 4, 1901.
Friend Nichols: arrived safely here last
night, and have engaged rooms at No. 2,234 St.
Cathcrinest., where you can safely write me to.
1t was my good luck that 1 met you on your way
home the other eve, because otherwise they would
surely have gotten me, I did not know
in danger of arrest; and my lawyer told me all
along that they could not touch me- but it was
different when they got your written agreement
and he did not know about this written agree
ment either.
Il had one-haf dozen very narrow escapes
and hickey ones too as they were after me in IIo-
bOken where | lived too, they got wind through
the p. o., who are in with them, but did not
sleep home that night and took the next mornings
train for here and guess they won't bother me
now.
81 hope they won't find out where got my
stuff left in n. Y, and if they don't, I'll soon
begin to sell them here and throughout the States.
l mean to sell for you so that you can buy the
materials of me after sold what got made up
and which is not much. / am sorry that l could
not send you that silk web for that little order,
but can have it send to you within week or
you could buy gross assorted from Cook Valen-
tine & Co., Howard-st, near Crosby or from
Martin & Co, Worth-st., east Of Bdy. The un-
paid bills will tell theire addresses. did not get
any of my mail yet since sold out to you, because
the p o. tried to holI them to enable the officers
to catch me.
"Oh, hope and guess this viii blow over
in a few months and then will be able TO come
back. anyway I can travel throughout the country
for you, as they won't know where l am, and
guess you won't tell. am sorry that you
tI.or ,I,ot Nd said
the same and that they could never have done
you anything at all
please write me full particulars what is
turning up at home and what they are doing
and anything YOU want TO know from me about
the new business will cheerfully give it to you.
Yours very truly, J.. STEIN.
That / assigned the money you owed me, you
ought to know was TO protect it from others
being attached and it does not affect you any.
Has any more goods come for me? l certainly
would not have done this business had known
that | was liable TO arrest, etc
Messrs Blumenstel n Hirsch both said yes
terCay that they had found fourteen cases of
goods at Hubbcll's warehouse. No. IA Leonard
ST.. stored in the name of Cohen. and several
more cases Of goods in a storehousc in Vestry-st.
in the name Of H. Stein. They supposed these
pl"'''t''o
clared it was deliberate scheme by Stein to
cheat the creditors. They slid that he made
an agreement on April to SET ont the business
on September / to George d. Nichols, who
paid $1.50o for the plant, fixtures, etc., and
about S400 of goods: Stein had said he
wanted to retire from business or account OF
ill-hcalth and going to California. Knowing
he was 70 sell out on September /, he set to work
in the two preceding months TO buy all the @oous
he could on credit, and between July 10 ana
August % he bought $1,000 worth Of goods.
of which 200 was delivered 20 him in aug
ust he bought goods right up TO August 20, and
sold them at less than cost for cash. some OF
the goods he sold in the original packages Just
rs ne received them. lIe was able 70 oDt'ln
credit i'm the trade on the strength Of q state
mcnt he made on June 3. claiming assets OF
S2I 800, and liabilities 81 600, which ne re-
pcatcl on August :.
Blumcnstcl d Iirsch estimate that stein owes
about S25 600 for merchandise, besides consider
able for borrowed money. Stein has been in busl-
ness here for the last fifteen years, having come
from Chicago. lie formerly had a branch at
Montreal. but gave it up five years ago. 1t IS
said he was n bachelor and lived 1attcry IN
Ilobokcn Mr.. Nichols. who occupied the moor 0l
the building No 37S Cana-st. under stein, had;
it is said. leased The whole building and had
given Stein until September to close out his
buSiupSg