The morning call., 1892-06-23


Besides the above there are Eastern credi-
tors whose claims will amount in the aggre-
gate to over 100000 Greenebaum's total
Indebtedness is, therefore. in the neighbour
hood of $4,000. His assets are estimated
at between $4,000 and $4,000, the general
belief being that the lesser sum will not be
reached. 1t is admitted that within the
past lew months he has paid in cash or
goods about $4,000 to 5. w. Levy, his
1ather-in-law, IN part payment OF loans,
amounting TO 100000, advanced to him at
various periods since 1887. This, with the
available assets, accounts for say $4,000.
leaving a deficiency unaccOunted for of
Slo5,OO0. a solution Of the mystery sur
rounding this large discrepancy is what the
creditors are worrying themselves about,
The presumption is that 1t could not have
been lost in his legitimate business.
WHAT WAS THOUGHT OF GREENEBAUM
Greenebaum was looked upon as bright,
active, industrious business man ana had
the entire confidence of the trade. One of
his creditors stated yesterday that il he had
come to him day or two before his failure
Tor credit OF $4,000 he would have gOC ii
without the slightest hesitation. He was
always punctual in his payments until re-
Gently. He had good rating with the
mercantile agencies. In Dun's he had q
rating both on capital and credit, but in
Bradstreets it was only on credit. From
this IL would appear that the former were
either led TO believe or Jumped to the con-
cluSion that the 100000 alleged TO have
been put into Greenebaum's business by his
tather-in-law was in tine nature If a gift.
but that the latter looked upOn it as a loan
and accordingly referred only to his credit
as good. Some of the creditors feel sore at
the agencies for their ratings and will ap-
parently continue so until the facts conc to
light In court.
frraa aha hair hot In Lat iI,,
with the branches he established in New
York and Chicago, both OF which he was
forced to close about Is months ago. The
creditors do not give much credence to this
statement, one Of them chaTacteriZing 1t as
absurd. Ii IL were true, he should have
called his creditors together and laid a
statement OF bis affairs before them, as he
must have known then that he was hope
lessly ins0lvent Instead Of doing that he
continued taking on new credits all over the
State, dealing in goods outside OF his legiti-
mate line This has angered these creditors
and they seem determined TO have a thor
ough investigation. 1t is rumored that lie
lost considerable money in the Chicago
wheatpit This is only Iumor, aud it is
given for what it is worth, which is, per-
haps, not much, if anything.
The members of the committee of cred
TORS are peculiarly reticenI as TO what de-
cislon they have arrived al. It is a stretch
Of the imagination 10 say that they Will
bring the matter before the Grand Jury.
Nothing has trans pired as yet which would
load them 20 such decision, and, as one Of
them remarked yesterday, "a man is al
ways looked upon as innocent until he is
proved guilty" The matter is now in
court. and meantime they are prepared to
wait quietly for what will prove 10 be best
for the creditors collectively and individu-
ally.
GREENEBAUM's FATHER-IN-LAw.
The insOlyent's father-in-law, Mr. Levy,
has been placed in an nvidious position
through the failure. He was seen yester-
day by q reporter Of THE CALL and gave
au emphatic denial to the charges and in
situations that have Teen made against
him. He preferred that his attorney, Mr..
Clement. should speak for him, and the re-
porter called at the latter private residence
last evening. when he made the following
statement; 81 have been Mr.. Levy'S conf
dental friend and adviser for the past five
years. 1t was alleged that l was also the
legal adviser of eenebaum, but such an
assertion is utterly false. Except in one or
two trfinG cases i have done no bust
ness for Greenebaum. | of course know
OF the fact of Mr.. Levy having advanced