New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-28
THE CREDITORS SUSPICIOUS
QUEER FONTS ABOUT A BIG FAILURE.
c. BURKHALrrR co.'s AFFAIRs-A CLOTHING

u
TRADE MERCHANTS STOCK vANIsHEs.
number Of the creditors OF c. Burkhalter Co.. the
big wholesale rocery firm which failed recently are o
satisfied with the present administration OF tne a'"'
OF tho firm by the assignee, Charles H. faheher'
Tho dsso,sBca creditors are National banks In Boston,
creditors IN the amount OF 10000: National pahRs
in Ney.York New-Jersey, Pennsylvania ana |ohHec
tIcut 10 the extent Of 1885, 900; Patt ~ "oodioru'
Of this city, 1873, 900. and J. d. Ames' OF bos'oh'
$4,000 Attachments for all these CREATORS Hn'e
been secured from Judge Ingraham. by DILL CN"'uie'
& Seymour. lawyers and issued 10 'ne She''" "''''
these claims, -
v,,r 'crcdttors have brought civil actions and
have waived their rights to claims against the BurR
l,ltcrs for fraud. The accounts OF the hrih H"'c
been examined by an expert accountant ana 'here
are circumstances connected with the assignment
which the creditors consider suspicious
among them being the course 'aheh ny
tho Irving National Bank to get securl'es. i'o
reasons for this belief are follows: on the day be-
,oro tho failure nj noon c. Burshater & Co. owed
tho Irving National Bank 10000: before Hiia'
night II Is alleged n number OF truckloads OF mer-
chandse were removed from the Burkhahcrs s."r0
and taken TO the warehouse OF H. J' Dean wa
No 3O2 Greenwich st. large number Of the ueo'o' Vi
the firm have been informed that their accounts h''o
been assigned to the Irving National BANK the Fco
or,is Of Essex County " j. show transfers OF real'y
rcadcad WHO is said 10 be an Intimate frienc OF tue
managers OF the Irving National Bank, but Win "hom
the books OF the firm show no connccuoh' ~
o. m. on october 30 an assignment was mac pres
ng these peculiar features The Irving Na'lohai Dan"
is not even named creditor Of the frm' stern :"
Rushmorc, attorneys for the Irving Naionai baih'
drew the assignment; the president of the Irving
Rank Mr. Fancher, made the assignee eterh 4"
Rushmorc appear as attorneys for the assieh@' "r.
Fancher and at the time appear as attorneys Vi
record In suits for the Burxhalters
The creditors believe that this arrangement os
WHEN one law firm becomes the representatives. VI
three conflicting interests is not Tor their interest
They believe that the Irving National Bank was paia
from the merchandise removed from the BurRhaiter
store about two hours before the assignment was
made .
Mr. stcrn OF the firm Of stern & Rushmore, at
torucy, for the slgneo, ana also for the living Ma
onal Bank made the following statement 10 iEiouho
reporter: THE Irving National Bank mas Deeh ic'u'
ing money 10 and dlscounting the notes OF G. BURN
bol,er & CO. for a number OF years nearly always
linking collateral security At the time OF the nature
NJ tie firm Il owed the bank 100000 on loans hau'
durln, the two years preceding the failure Inc
,nn,, LId and now holds gilt edge security for these
Loans and will not lose dollar. The collateral was
rot merchandise IL is true that some merchandise
vns removed from the Burkhalters' store Just peo'e
The assignment, but IL was In no way CONNECTED
With the Irving National Bank. There was about
sio0oD worth o, merchandise removed In All JUST
bcfor. the assignment. ana that was ploig,d 10 MI
Notley 4 director OF the bank personally, 10 s'curo
about - 900 lent by him to the nr1n NJ o''ci
NOR houdlsc ha, been removed from the store.
Another failure In the clothing trade was ahh"""' VI
yesterday that Of Henry Gottlleb, wholesale dea'er III
ciothug at 40 10 NaIker-st., with labines Ieloie"
10 he over $4,000. aud small assets. "ou''i.'' ="
pohc IS Yesterday entered judgments against nm III
favor OF the H. 3. Clanin Company for F-'o'3' Tor
merchandise and In favor OF Matilda Lewis Tor Si-'o'
narrowed money both judgments being confessions
when tic sheriff went there he found only tne
ox,ure.. all the stock being previously removed from
,bo nlace The failure caused considerable excite
mont among The creators. who number, II Is s'ilu oSer
,,',,ty ivc claims Of the following creditors Were
nlocci in the hands Of Herman Joseph ior nimc hui
action: Jacobs a ser1clbacl y, ~ LOUIS 800
s;tt samson a. Green $i-t kuioiph s0nih'c' s'"o'
iohn x 1flta $500 scarth Wits Co S4r2 ,,
Deputy sheriff Mulvancy has an attachment III me-
honds for $4,000 against Charles W. larrlneeI, V,
Huron south Dakota In iayor 9l o me IF which
80 wa ,.co- urr,Idrnt 1he sheriff Yesterday served
the attachment George Wilcox, OF NO; 5s rS.s
Row vho Is supposed 10 have some OF Mr
tucs 10 recover s3G 900 Of property which IL Alleges
AIR norrlng,r received It's agent ana trustee o.
refused ia surrender. 5000 money rcc'rrt ,,noa
he refuses t. paw and s3 900 damages for his alcged
unlawful detention Of property ana money. nA
ncnuiv sheriff Fox has received attachments, and
cxecutinns against Jacob Iubcl>NN, VINO cirrru on
bn.lncss under style Of II. Lubclsky SOP aeaer
In wall paper paints etc, at NO. a N''-S''' "s'
Two judgments were yesterday entered agnnst
propcis F. Ward rs president Of The l}erhiey As"eu
riub one for 1927 In favor Of JOSIAH i: CnaPn, anu
thc Other Tor so73 in favor Of Charles L. EtilN